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New Bitcoin Runes Platform Launched by Magic Eden
Last Updated: April 23, 2024
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Key Takeaways
- Magic Eden launches a new platform dedicated to Bitcoin Runes;
- The platform, still in beta, simplifies trading with features like Table View and upcoming Swap View;
- Future updates will introduce minting and "etching" of Runes in collaboration with Luminex.
Magic Eden, a marketplace for non-fungible tokens (NFTs), has recently launched a platform dedicated to Bitcoin (BTC) Runes.
This new platform, currently in its beta phase, is designed to address and simplify the complex trading challenges that have emerged with the new token type.
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The Runes platform introduces innovative features to improve the buying experience.
These include the Table View, which allows users to customize their purchasing by selecting specific lots and prices, which enhances the traditional card view used for Bitcoin BRC-20 token transactions.
The upcoming Swap View will offer an even simpler transaction process by automatically matching users with the best buying options based on the BTC amount they wish to spend.
While the current version of the platform does not support the minting or “etching” of Runes, Magic Eden plans to introduce these capabilities in future updates, as it will collaborate with Luminex.
As the NFT marketplace continues developing its platform, the features will likely enhance its market influence and user engagement.
Magic Eden has already established itself in the Bitcoin space through its support of Bitcoin Ordinals.
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