Ordinals Market Launches BRC-721E Standard to Allow Migration of Ether NFT to the Bitcoin Network

Bitcoin NFT marketplace Ordinals Market announced the launch of the BRC-721E token standard in conjunction with NFT project Bitcoin Miladys, and the NFT cross-chain bridge from Ether to the Bitcoin network, allowing users to migrate ERC-721 NFTs to the Bitcoin network.

When migration is performed, the user's ERC-721 NFT will be destroyed and the destroyed transaction will be requested as an on-chain inscription .BRC-721E encodes the data directly into the destroyed transaction. When the burn is complete, the BRC-721E NFT will be sent to the user's bitcoin address and automatically shelved on Ordinals Market.