Bitcoin Ordinals Launch BRC-721E Standard to Bridge Ethereum NFTs
The BRC-721E standard is a new protocol that allows users to move their Ethereum-based NFTs to the Bitcoin blockchain. The standard was jointly launched by the Ordinals market and the Bitcoin Miladys NFT collection. The BRC-721E standard works by burning ERC-721 NFTs on the Ethereum network. Burning an NFT means permanently removing the token from circulation. This process is accomplished by calling a specific function on the smart contract associated