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The multi-chain NFT platform Magic Eden announced a new feature for all users interested in inscribing non-fungible tokens on the BTC blockchain in the form of the Ordinals Launchpad. The first scheduled launch on the Launchpad will come on April 7th in the form of the (Dead)jira Legacy mint. Magic Eden expanded on to the Bitcoin blockchain on March 21st.
Magic Eden Announces Bitcoin Ordinals Launchpad
On Thursday, April 6th, Magic Eden unveiled a new feature for users wishing to inscribe NFTs on the Bitcoin Blockchain. The Ordinals Launchpad will see its first mint on April 7th. According to the press release, this Friday, Godjira, a well-known Ethereum collection, will conduct the (Dead)jira Legacy mint.
According to Magic Eden, the motivation behind the Launchpad is the desire to further foster the Ordinals ecosystem. Multiple other well-known creators including Genopets, Lazy Lions, Lil Durk, and Humanoids will make an appearance on the platform in its initial weeks. Zhuoxun Yin, COO and co-founder of the platform, expressed their excitement about the launch and pride to be supporters of the growing BTC NFT community:
We’re excited to expand our creator capabilities to Bitcoin and offer easy ways for creators to get started and launch. Bitcoin is the grandfather of all blockchains, and we believe it can be the home to pure digital artifacts. With Ordinals, content can be preserved forever, and we’re proud to be helping creators and the Ordinals community grow together.
Magic Eden announced its expansion onto the Bitcoin blockchain on March 21st. The press release states that their marketplace has since been thriving and analytics show that Magic Eden now has an impressive 70% of the Ordinals’ market share. The press release also offers a way to contact the platform for all parties interested in participating in the launchpad.
Magic Eden’s Recent Relentless Expansion
At the beginning of March, Magic Eden raised some eyebrows when it revealed that its smartphone apps will not be functional until further notice. At the time, the platform stated that it is intent on focusing on further fostering its marketplace instead of spending resources on mobile phone applications. Only weeks later, Magic Eden offered the first glimpse of what it has in store for the future.
Only weeks after shutting down the apps, Magic Eden revealed it had made another step in expanding its offering to multiple blockchains by creating a Bitcoin marketplace. Again, mere weeks later, the platform revealed it is adding Ethereum support meaning that it is now on four blockchains—ETH, BTC, Polygon, and Solana.
The multi-chain expansion comes at a dynamic time for non-fungible tokens. Not only have Bitcoin Ordinals quickly risen in popularity, but NFT aggregators have, in many ways, revolutionized how these assets are traded. Aggregators, like Blur, have become so widely used as they enable traders and collectors to access hundreds of marketplaces spread across multiple blockchains using a single interface.
Do you think Magic Eden will manage to become the largest NFT platform thanks to is multi-chain expansion? Let us know in the comments below.