NEWSLETTER
bitcoin Ordinals Traders on the Magic Eden platform are in luck, as Non-Fungible DAO recently announced that an airdrop of its new Ordinals token '$nft' is in the works.
Non-fungible DAO x publication indicates that this initiative aims to celebrate the community using MSigner, a tool designed by Magic Eden that helps in the process of signing partially signed bitcoin transactions (PSBT) to manage ordinals.
Collectively using the MSigner solution has seen over 75 million PSBTs signed, along with an impressive count of 1.3 million ordinal trades on the trading platform.
Additionally, the DAO revealed its willingness to expand support to other platforms interested in integrating MSigner, suggesting that merchants on other trading platforms may also receive $nft tokens.
Source: X (non-fungible DAO)Elevating nft business dynamics
Marketed as a leap towards setting up innovative nft trading protocols, the $nft token, initially teased in Januaryis gaining attention for its role in cultivating the nft commerce of the future.
Magic Eden, which has a high trading volume and stands as a leading cross-chain trading hub, is in alliance with Non-Fungible DAO. The marketplace plans to contribute its suite of nft creation and sharing tools as open source offerings to the DAO.
Accordingly, the DAO plans to issue tokens to those implementing such technologies, which include MSigner for bitcoin activities and Magic Eden launch tools for ethereum, along with other applicable protocols.
Although there is no set timeline for the launch of $nft, expectations are high.
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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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