- Binance released a comprehensive research report on BRC-20 tokens on May 18.
- 24,677 BRC-20 tokens have been minted until now.
Bitcoin Ordinals and BRC-20 tokens stormed with curious hype, conquering the focus of the crypto space to a great extent. Remarkably, crypto exchange Binance is on the frontline investigating the possibilities of onboarding BRC-20 to augment Bitcoin’s NFT era.
Notably, Leonidas, a popular Ordinals member on Crypto Twitter, magnified the community’s attention by outlining Binance’s affinity with these Bitcoin-powered innovations.
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
Reportedly, Binance began affirming its progressive steps to onboard Bitcoin Ordinals and BRC-20 in March 2023. Firstly, the largest crypto exchange confirmed its support of Bitcoin Ordinals on the Binance NFT marketplace on May 9. Secondly, it thoroughly analyzed and released a research paper on BRC-20. Thirdly, Binance-owned crypto data aggregator CoinMarketCap integrated the support of BRC-20 tokens.
Furthermore, Binance CEO Changpeng Zhao (CZ) had also been quite vocal about his anticipation of these Bitcoin innovations. Thus, the crypto community perceives this as confirmative hints of BRC-20 token listings on this CEX.
Currently, as per data, 24,677 BRC-20 tokens have been minted with ORDI dominating the charts. On the other hand, the Ordinals NFT collections continue to exhibit a burgeoning trend in the ecosystem, rivaling top Ethereum and Solana NFTs. Also, prominent figures like Peter Schiff surprised the realm by initiating the launch of new Ordinals NFTs.
Recommended For You
Bitcoin at $28K Creates Massive Buzz on Twitter
