Ethereum NFT project Azuki Multi-chain marketplace Magic Eden has partnered to develop what is being called the first dual-chain. NFT Products present in both Bitcoin Ethereum Blockchain – Limited edition hoodie inspired by Bitcoin's creator, represented by NFTs on both chains.
First revealed last fall, the Azuki x Satoshi Nakamoto Enduro Hoodie was created exclusively for holders of Azuki's “Spirits” NFT, meaning there will only be 98 of them in total. Satoshi Nakamoto, the anonymous founder of Bitcoin.
Each hoodie contains an embedded chip that allows the owner to scan it and mint the corresponding NFT on Ethereum as proof of ownership and authenticity. Ordinal inscription like NFT About Bitcoin.
Parker utilizes Azuki's proprietary Physically Backed Token (PBT) technology, which is compliant with the Ethereum Improvement Proposal EIP-5791 standard. The transfer of ownership requires a signature from a physical chip embedded in each hoodie, enabling what Azuki calls “decentralized on-chain verification combined with off-chain ownership.”
“ETH ownership remains tied to the immutable art of BTC,” Azuki and Magic Eden said in a statement. “This concept was built around the desire to collect and trade artifacts in a user-friendly manner, resulting in programming in EVM while preserving the art enshrined in BTC. .”
According to CryptoSlam, AZUKI is one of the most prominent NFT properties, with over $1.1 billion in trading volume to date in the original Ethereum collection alone.
Magic Eden continues to be the leading NFT marketplace in terms of trading volume in recent months. Early bets on Bitcoin ordinal numbers. Marketplace too Supports recently launched Bitcoin Rune token.
Editor's note: This article was written with the assistance of AI.Editing and fact checking andrew hayward.
