Binance, the world's largest crypto exchange announced on Tuesday that its NFT Market will soon support Bitcoin Ordinals (Bitcoin NFT). Binance's move to add Bitcoin NFT is expected to expand its NFT ecosystem and increase options for traders.
Based on the announcement, the Binance NFT ecosystem combines Bitcoin and innovative technology, while offering more options to collectors. It added that Bitcoin NFT creators will be offered royalty support which will ultimately help them generate additional income.
However, Binance is actively working to collaborate with more NFT projects while aiming to support the growth and evolution of the Bitcoin Ordinals ecosystem.
Binance says that Users can participate in a special registration event scheduled from May 9 to May 15. This implies that Bitcoin NFT will probably be launched in the second half of May.
On the other hand, the price of BTC started to rise again from the support level of $27.1k, where it is now traded at the trading level of $27,798.97. Market players focused on the development of the debt-ceiling issue and the CPI inflation reading that will be released tomorrow.
