A new tool lets Ethereum NFTs be transferred to the Bitcoin blockchain. , However, it’s a one-way bridge.
This is part of the explosion of NFTs on Bitcoin, under the Ordinals umbrella — something that has led toCurrently, most Ordinals are being created natively on the Bitcoin blockchain, including tokens representing common Ethereum collections and entirely new projects. But the new bridge will allow pre-existing collections to be effectively transferred to Bitcoin, potentially leading to closer collaboration between the ecosystems on both blockchains.
Bitcoin Miladys said a target location is written in the transaction when the NFT is burned. Plus, in the newly created Bitcoin NFT, a signature links back to the original painting. This creates a link between the original NFT and the new version, one which is arguably stronger than when a physical object is destroyed.
This is the idea that the increased amount of metadata contained within the original Ethereum NFT would still be relevant to the Bitcoin NFT — and expand its effective metadata.
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