Bitcoin Ordinals will now support the migration of ERC-721-based NFTs on to Bitcoin blockchain with the launch of a new token standard called BRC-721E.
the ERC-721 NFT with an ETH call function. The burning of the NFT is an irreversible process and acts as an on-chain inscription method. To claim the ETH burn on Bitcoin, the user must inscribe valid BRC-721E data, after which the bridged NFT will appear on a custom Ordinals market collection page with complete metadata.
The indexers that check the burned NFT data inscriptions ensure that a token has no more than one valid inscription and that the genesis address matches the burn transaction call data.The Ordinals market claimed the fundamental principles of BRC-721E and the flexibility of the indexers allow for the protocol to evolve over time, despite the fact that metadata is initially not stored on-chain.
Bitcoin Ordinals has attracted widespread reaction from the crypto community since its launch in January 2023. The launch of the
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