Solana’s non-fungible token marketplace, Magic Eden, will integrate support for the NFT Runes protocol, based on the Bitcoin blockchain, which will be launched after the arrival of the fourth halving of this network.
Through a post on existing BRC-20 tokens on this blockchain network.
Its creator, Casey Rodarmor, also creator of the Ordinals protocol, believes that Runes represents the evolution of NFTs in Bitcoin.
With the integration of support for this new NFT protocol, the developers of the Magic Eden market assured that they will enhance the usability and, with it, the future of non-fungible tokens in Bitcoin, because the platform also offers support for the digital assets of the Ordinals network protocol.
The introduction of Runes to Bitcoin is generating great expectations in the crypto community, due to the potential that this new protocol promises to boost the use cases of the network, currently the most robust and capitalized in the world.
In a whitepaper published in September, Rodarmor explained that Runes would solve the complexity of BRC-20 tokens, simplifying both the developer and user experience. First, this protocol will make NFT tokens easier to generate and deploy in solutions like Lighting Network, by linking the record of all token operations to Bitcoin’s UTXO system. The latter is what mainly differentiates Runes from the BRC-20 token.
On the other hand, the transfer of NFTs in Bitcoin will also be simplified with the arrival of Runes, because this new type of tokens on the chain would encourage careful and responsible management of UTXOs, which in turn will minimize the creation of undesirable UTXOs. that saturate the network and increase the cost of transactions.
Therefore, this protocol was designed with the goal of improving efficiency in the creation of NFTs and simplifying the user experience, which can attract greater innovation to the Bitcoin ecosystem.