Binance Pool, a platform for crypto miners, has announced the launch of the Ordinals Inscription Service, which allows users to easily create Bitcoin NFTs.
With the Ordinals Inscription Service, users can write data directly into individual satoshis, creating unique digital artifacts that are securely stored on the Bitcoin network.
According to details published on Binance's website, users must have a Taproot address and a verified account to use the service.
The Ordinals protocol was launched earlier this year and allows users to create NFTs on the Bitcoin blockchain by embedding data in satoshis, and also allows for the issuance of BRC-20 standard tokens.
Due to the limited space on the Bitcoin blockchain, the text file size is limited to 300 KB. If the size is exceeded, the image is automatically compressed or converted to WEBP format.
The Bitcoin NFT integration adds significant value to the Bitcoin blockchain and provides new and unique opportunities for NFT creators, collectors, and investors.
It is worth noting that since the beginning of June, Bitcoin NFT trading volume has decreased by 92%, but the share of Ordinals-related transactions on the Bitcoin network has reached 85%.
See also: OKX released its 10th monthly PoR report.
