Binance Publishes Research Report on BRC-20 Tokens with Over 24,000 Minted
Bitcoin and BRC-20 tokens have gained significant attention in the crypto space. Binance, a popular cryptocurrency exchange, is actively exploring the integration of BRC-20 tokens to enhance Bitcoin’s NFT era.
Leonidas, a well-known member of the Crypto Twitter community, drew attention to Binance’s interest and support for Bitcoin-powered innovations, capturing the community’s interest.
Timeline of @binance's involvement with Ordinals/BRC-20
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…
— Leonidas.og (@LeonidasNFT) May 28, 2023
According to reports, Binance took significant steps in March 2023 to embrace Bitcoin Ordinals and BRC-20 tokens. Firstly, the crypto exchange announced its support for Bitcoin Ordinals on the Binance NFT marketplace on May 9. Secondly, it conducted a detailed analysis and published a research paper on BRC-20. Lastly, Binance’s crypto data aggregator, CoinMarketCap, integrated support for BRC-20 tokens.
In addition, Binance CEO Changpeng Zhao (CZ) has expressed his anticipation for these Bitcoin innovations, which has further fueled the crypto community’s belief in potential BRC-20 token listings on the platform.
Also Read This : BRC-20 Tokens Explained Briefly
Currently, there have been 24,677 BRC-20 tokens minted, with ORDI being the dominant token. Moreover, the Ordinals NFT collections are gaining popularity and are competing with top Ethereum and Solana NFTs.
Notably, well-known figures like Peter Schiff have even joined the realm by launching new Ordinals NFTs, which has surprised many in the industry.
Important: This article is intended solely for informational purposes. It should not be considered or relied upon as legal, tax, investment, financial, or any other form of advice.
You Should Definitely Visit And Join Cryptos Headlines Family: https://linktr.ee/cryptosheadlines.com
