Ethereum NFTs Offered a One-Way Ticket to the Bitcoin Network

As the Bitcoin NFT inclination continues unabated, Ethereum token holders person been fixed a accidental to migrate their assets to the network. However, what is being dubbed arsenic a ‘bridge,’ could beryllium amended described arsenic an ‘exile.’

Milady Maker tribute project, Bitcoin Miladys, has partnered with Ordinals Market and Xverse to motorboat the ‘Ordinals Bridge.’ Effectively, this caller portal volition connection Ethereum ERC-721 NFT holders the accidental to migrate their assets to the Bitcoin Network. The squad volition execute this feat by consigning the archetypal NFT to a pain wallet, past recreating it connected the different broadside with a caller ‘BRC-721e’ token standard.

Our #Bitcoin Ordinals span is present live🌉

In collaboration with @OrdinalsMarket_ & @xverseApp🧡

Bridge: https://t.co/T9UhTNVp4W

New token standard: https://t.co/YDERWSPPfa

Marketplace: https://t.co/UTzAzBsO9P

Let’s instrumentality implicit #Bitcoin! pic.twitter.com/Ki9dGfxuuJ

— Bitcoin Miladys💞🍊💫🌸 (@BitcoinMiladys) May 29, 2023

Bitcoin Migrated Ethereum NFTs Raise a Few Eyebrows

The imaginable of moving Ethereum NFTs ignites a philosophical conundrum wrong the folds of the blockchain. Essentially, the word ‘burn’ represents thing of a misnomer, arsenic the NFT is not erased oregon destroyed. Instead, it is consigned to a wallet that no-one has power over, efficaciously removing it from circulation.

Previously, erstwhile bridging NFTs to different blockchain, the archetypal is held successful situ until a clip that the proprietor wishes to reconstruct it to its archetypal chain. However, arsenic the Bitcoin solution involves removing the archetypal from circulation, and replicating it connected the caller chain, it raises the question whether it’s a existent practice of the archetypal astatine all. Despite these questions however, it will, arsenic always, beryllium the marketplace that decides.

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