Bitcoin Ordinals to bridge Ethereum NFTs with the launch of BRC-721E

the ERC-721 NFT with an ETH call function. The burning of the NFT is an irreversible process and acts as an on-chain inscription method. To claim the ETH burn on Bitcoin, the user must inscribe valid BRC-721E data, after which the bridged NFT will appear on a custom Ordinals market collection page with complete metadata.

The indexers that check the burned NFT data inscriptions ensure that a token has no more than one valid inscription and that the genesis address matches the burn transaction call data.The Ordinals market claimed the fundamental principles of BRC-721E and the flexibility of the indexers allow for the protocol to evolve over time, despite the fact that metadata is initially not stored on-chain.

Bitcoin Ordinals has attracted widespread reaction from the crypto community since its launch in January 2023. The launch of the

Source: Digital Coin News (digitalcoinnews.net)

The BRC-721E standard was jointly launched by the Ordinals market — an Ordinals-based marketplace — and the BitcoinMiladys NFT collection. The new BRC-721E standard enables the conversion of immutable, verifiable ERC-721 NFTs to Ordinals.

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