A decision to optimize the product offering
bitcoin Ordinals, a protocol that enables unique identification and data incorporation for individual satoshis on the bitcoin blockchain, gained traction in late 2022.
In May 2023, Binance introduced support for bitcoin nfts to expand its ecosystem to the bitcoin network. Despite initial popularity and endorsements from figures such as Cristiano Ronaldo, the market has faced challenges in achieving widespread adoption. This led Binance to discontinue its support for bitcoin Ordinals and optimize its product offering in the market.
According to Binance, this decision aims to improve user experience and drive long-term growth by focusing on a smaller set of products.
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*All financial/investment opinions expressed by nft Plazas come from the personal research and experience of our site moderators and are intended to be educational material only. People should thoroughly research any product before making any type of investment.
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