- Binance released a comprehensive research report on BRC-20 tokens on May 18.
- 24,677 BRC-20 tokens have been minted until now.
Bitcoin Ordinals and BRC-20 tokens stormed with curious hype, conquering the focus of the crypto space to a great extent. Remarkably, crypto exchange Binance is on the frontline investigating the possibilities of onboarding BRC-20 to augment Bitcoin’s NFT era.
Notably, Leonidas, a popular Ordinals member on Crypto Twitter, magnified the community’s attention by outlining Binance’s affinity with these Bitcoin-powered innovations.
Timeline of @binance's involvement with Ordinals/BRC-20— Leonidas.og (@LeonidasNFT) May 28, 2023
March 1st: Binance's first tweet mentioning Ordinals
April 12th: CZ mentions that he is very excited about "NFTs in Bitcoin" at a Web3 conference in Hong Kong.
May 9th: Binance announces that its NFT marketplace will…
Reportedly, Binance began affirming its progressive steps to onboard Bitcoin Ordinals and BRC-20 in March 2023. Firstly, the largest crypto exchange confirmed its support of Bitcoin Ordinals on the Binance NFT marketplace on May 9. Secondly, it thoroughly analyzed and released a research paper on BRC-20. Thirdly, Binance-owned crypto data aggregator CoinMarketCap integrated the support of BRC-20 tokens.
Furthermore, Binance CEO Changpeng Zhao (CZ) had also been quite vocal about his anticipation of these Bitcoin innovations. Thus, the crypto community perceives this as confirmative hints of BRC-20 token listings on this CEX.
Currently, as per data, 24,677 BRC-20 tokens have been minted with ORDI dominating the charts. On the other hand, the Ordinals NFT collections continue to exhibit a burgeoning trend in the ecosystem, rivaling top Ethereum and Solana NFTs. Also, prominent figures like Peter Schiff surprised the realm by initiating the launch of new Ordinals NFTs.
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