Bitcoin NFT marketplace Ordinals Market has announced the BRC-721E standard that allows users to port their ERC-721 NFT to Ordinals.
The development of the crypto industry and the expansion of the NFT market into different areas continue to attract the attention of users. Bitcoin Ordinals are growing in popularity due to the resurgence of NFTs.
Using the hype created by creating NFTs on the Bitcoin network, Ordinals Market will enable to bridge different NFTs to Ordinals. Ordinals Market has announced the standard that will enable conversion of ERC-721 NFTs to BRC-721E using the bridge method.
Bridge Method Coming to Bitcoin NFTs
Ordinals Market found a way to move Ethereum NFTs to the Bitcoin network with the BRC-721E standard it created. In this way, the printed NFTs will automatically appear in the marketplaces.
ERC-721 NFTs are known as digital assets using the Ethereum network. These products will be able to be transferred to the Bitcoin network thanks to the standard created by the Ordinals Market.
In the statement from the platform, during transport via the bridge, the ERC-721 NFT will be incinerated and the burning process will appear on the chain as an inscription request. The BRC-721E will directly encode the resulting text requests so that the NFTs are delivered to the user from the Bitcoin network. In addition, these products will be automatically listed on the Ordinals Market.
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