Magic Eden, known for being the go-to Solana NFT marketplace, has taken the next step in its goal to become a leading multi-chain platform — with the integration of BTC NFTs through a dedicated site and social channels.

With this latest integration, the platform now offers support for digital collectibles on four different chains, including Solana, Ethereum, Polygon, and now Bitcoin.

Welcome to a new dawn. Magic Eden is now on Bitcoin.

Now, you can safely trade your favorite collectibles on the 1st audited marketplace with $BTC ?

Explore 70+ collections on our marketplace: https://t.co/WiYYgIWPG5

Don’t forget to follow @MEonBTC! pic.twitter.com/KNCrVFrCTu

— Magic Eden ? (@MagicEden) March 21, 2023

The move comes as Ordinals NFTs pick up massive interest and support in just under a month, inspiring the launch of a variety of new collections, the “inscription” of iconic ETH-based, collections, and limited edition art offerings from groups like Yuga Labs.

On the newly launched Magic Eden site, there are already over 70 plus supported collections, with top or trending collections at the time of writing reflecting BTC DeGods, Bitcoin Frogs, and Ordinal Apes.

BTC DeGods, created by the founders of the original Solana-based project DeGods has seen a massive amount of interest in a very short period for its satoshi inscribed tokens — with a recent sale of Ordinal Inscription #77532 selling for 3.54 BTC or roughly $100,000 USD, and a current floor price for the collection sitting at just over one BTC.

In a blog post on the new initiative, Magic Eden shared that it was interested in “getting back to our roots and exploring emerging markets,” and that it hopes to help support and advance the emerging Ordinals ecosystem with its marketplace expertise.

With the new marketplace, users will be able to buy, sell, list, and bid on collectibles using the platform’s familiar and intuitive interface, through utilizing partner wallets like Hiro, Xverse, and UniSat.

The move is a big step forward in infrastructure for Ordinals collectors, as just a month ago many were using over-the-counter trades and recording sales on spreadsheets. Even Yuga Labs BTC NFT auction which saw millions of dollars exchanged simply accepted BTC to a custodial address and then issued refunds to those who didn’t win at the end of the event — something that for those in the more developed ETH ecosystem felt a bit archaic.

While good progress is being made, another area in the BTC NFT ecosystem that still needs development is royalty support and enforcement. Magic Eden shared that “we spent a lot of time on how to handle royalties in this new ecosystem where there is very little tooling and no secure and trustless enforcement solutions,” and that “with no royalty standard today, we have decided to launch on Bitcoin without royalty support for now.”

That being said, the platform did explain that it is actively looking for ways to develop on-chain, permissionless royalty standards and that it is committed to working with creators and the broader community to find solutions.

While not a perfect product out of the gate, the platform does seem to be taking a step in the right direction and has even plans to open source key pieces of its marketplace infrastructure in the future, in hopes to accelerate the growth of the overall ecosystem.

In other news, Mason Rothschild launches Subject to Change/Subject to Burn open edition NFT.