Bitcoin Ordinals Update: Binance Drops Support, Dogecoin Clones Emerge, Franklin Templeton Sees Upside

• Binance NFT halts support for Bitcoin Ordinals, focusing on streamlining its offerings.
• Dogecoin community mimics Bitcoin’s Ordinals with “Runestone” airdrops, fueling NFT activity.
• Franklin Templeton highlights positive innovation impact of Ordinals despite potential risks.

Get the latest on Bitcoin Ordinals as Binance adjusts its NFT strategy, Dogecoin follows suit, and major asset managers weigh in. Plus, don’t miss other top NFT news!

Binance NFT Shifts Focus, Drops Bitcoin Ordinals Support

Binance NFT is pivoting its strategy, discontinuing support for Bitcoin Ordinals to streamline its product lineup. The exchange encourages users to withdraw their Bitcoin NFTs before the May 18th deadline.

Dogecoin Community Embraces Ordinals Trend

Inspired by Bitcoin’s success, the Dogecoin community has launched its own version of Ordinals called “Doge Runestones.” This airdrop demonstrates the growing enthusiasm for Ordinals-like protocols across different blockchains.

Franklin Templeton: Ordinals Bring Bitcoin Innovation Boost

Renowned asset manager Franklin Templeton sees Bitcoin Ordinals fueling increased network activity and innovation. While acknowledging potential risks, they highlight the positive impact Ordinals could have on Bitcoin development.

Conclusion

The world of Bitcoin Ordinals is rapidly evolving. Binance’s decision, the Dogecoin clone, and Franklin Templeton’s insights signal both potential and challenges in this emerging NFT landscape. Stay ahead of the curve by tracking the latest developments.