31/05/2023 BRC-721E Standard Allows Ethereum NFTs To Be Transferred to Bitcoin

Ordinals Protocol (Ordinals Protocol)

NFTs drive Bitcoin activity (Ordinals Protocol)

A new blockchain token standard is allowing traders to convert their Ethereum-based non-fungible tokens (NFTs) toNFTs on the Bitcoinnetwork.

Our#BitcoinOrdinals bridge is now live

On Monday, Bitcoin Miladys, the Bitcoin-based derivative of the popular Miladys NFT collection, introduced itsBRC-721Etoken standard in collaboration with Bitcoin-based NFT marketplace Ordinals Market and Bitcoin wallet Xverse. The token standard is said to act as a bridge between the Ethereum and Bitcoin networks, allowing traders to convert their ERC-721 NFTs to BRC-721E tokens on Bitcoin.

According to the Ordinals Market website, Ethereum-based NFT holders can burn their tokens and inscribe them onto asatoshi on the Bitcoin network. Once inscribed, the tokens will automatically appear on a custom Ordinals Market collection page with complete metadata.

It’s worth noting that while the new standard allows for the conversation of ERC-721 NFTs to Ordinals NFTs, metadata is initially not stored on-chain. Ordinals Market provides a number of options that allow for on-chain previews of the NFT, which can be displayed in existing wallets or marketplaces.

According to data from Dune Analytics, ordinals surpassed 10 million inscriptions Monday, a substantial leap from the 3 million inscriptions reported in the first week of May. Last week, Bitcoin climbed to the number two spot on the leaderboard for NFT trading volumes in terms of network, according to data platform CryptoSlam, blazing ahead of Solana and trailing just behind Ethereum.

The growth is sizeable considering the Ordinal protocol has only existed since January.

Arts

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Interesting NFTs
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By OthersideDeployer
No Future #9/15
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The Scion
A young figure caught in a moment of distraction, aware only ephemerally of his unconscious being, as it engages in psychological and psychedelic layer spaces. His right arm casually cradles a moray eel; the figure is comfortable but not truly aware of the potentials for danger in such negligence. His shirt reads “Bello” in Pokemon style font, harkening back to a childhood straddling the millennial threshold. To his right side, out of the unconscious deep, shrouded alien heads propagate as a fractal totem, each new iteration a more sophisticated rendering of emotional masking over the cold mystery of the greys. As the scion of the Budgie-Sattva, the young man, in his distraction, is also simultaneously aware of higher levels of self discovery. To his left a psychological topology sets beneath the oracle side of an 8 ball ,hovering; its message a purest concept of acceptance. The “Scion” lettering is in 80’s HeMan style bold declaration. The lower right side of the painting is like a hybrid of melon, feathers, and seeds. The crystals in the background bring light; conducted, refracted, reflected, and dispersed, to balance the dark shadow of the figure’s physical body. The aura of the scion succeeds in layers to point, with a finger, and the crown chakra, toward a center of a mandala existing as nigh pure application of strokes, in essence painterly abstraction, but also revealing hints of the Aura of migraine, and the bi-hemispherical nature of the brain–noting concerns of the possibility of inherited mental disease. Yet the flourish of chakra as it sets against that center is robust, active, coherent, and reveling against all fear. Fundamentally, the piece speaks to the activation of one’s potential to begin to “Know Thyself”, and find greater awareness out of the enigmas of the mind–as an inculcated seed given to the rich soil of one’s own birthright.
Alien belleblue
What's up! I'm Alien belleblue. I'm a Aerobics Athlete by day, and I like talking about how much I lift by night. I put cinammon on everything. Like, everything: hot dogs, salad—everything! Purrhaps this is the beginning of a beautiful relationship.
Crypto Toy Coin
This piece represents the creation of a new "Visual Toy", a term created by me to encompass my unique and exclusive GIF-Arts. The latter, "Crypto Toy Coin" is the only and first in the cryptocurrency theme. In it I represent the fast-paced world of finance in the virtual environment, the Internet with its universe of colors and infinite visual impact, an optimistic and exciting future, a world of possibilities that opens before us. These "Visual Toys" invite you to imagine, that is their function, that is the game. The ultimate goal is that you imagine, that it is you who gives it meaning. There are no good or bad answers, just the projection of each one. I've only created the trigger, the piece where you can project your imagination and let it fly.