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Open Ordex Launches Main and Test Network for Bitcoin NFTs

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On February 23, it was reported that the Bitcoin NFT market Open Ordex has launched the main network and test network. The seller can create a partially signed…

Open Ordex Launches Main and Test Network for Bitcoin NFTs

On February 23, it was reported that the Bitcoin NFT market Open Ordex has launched the main network and test network. The seller can create a partially signed Bitcoin transaction (PSBT) to specify the price of the serial number, and then the seller can sign the PSBT and broadcast it to the network.

Bitcoin NFT market Open Ordex has launched the main network and test network

Interpretation of the news:


Open Ordex, a platform for creating non-fungible tokens (NFTs) on the Bitcoin blockchain, has announced the launch of its main network and test network. This move is expected to make it easier for sellers to create and exchange Bitcoin NFTs. The announcement comes at a time when the NFT market is gaining momentum, with more people looking to trade digital assets on a secure and efficient platform. With Open Ordex, sellers can create a partially signed Bitcoin transaction (PSBT), which allows them to set a fixed price for a specific NFT serial number.

The PSBT is an important tool for sellers as it offers a way to control the pricing of the NFT. By creating a PSBT and signing it, sellers can ensure they get the price they want for the NFT without worrying about fluctuating market conditions. This feature is particularly important for buyers who are looking for a secure way to invest in Bitcoin NFTs. Because the PSBT is signed and broadcast to the network, buyers can be assured of the authenticity and ownership of the NFT they are purchasing.

The launch of the main network and test network is also a significant development for Open Ordex. This move will allow the platform to scale its operations and offer better services to its users. With the main network up and running, sellers can now create NFTs and offer them to buyers through the platform. The test network, on the other hand, will enable developers to test new features and make improvements to the platform without affecting the main system.

In conclusion, the launch of the main and test network by Open Ordex is a big boost to the Bitcoin NFT market. With this development, sellers and buyers now have a reliable and efficient platform for exchanging digital assets. The PSBT feature offers sellers more control over their NFTs, while buyers can be assured of the authenticity and ownership of the NFT they are purchasing. As the NFT market continues to grow, Open Ordex is poised to become a major player in the space.

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