- Bitcoin is gearing up to catch Ethereum.
- Developers have published a new token standard that allows users to migrate their Ethereum NFTs to Bitcoin.
- The new token standard is a game-changer for the NFT industry.
Ethereum’s undisputed dominance in the NFT industry has remained unchallenged since the inception of the digital asset. Many competitors have emerged over the years, offering exciting solutions, yet none have been able to dethrone Ethereum from its reign. However, now with Bitcoin’s resurgence in the NFT sector, Ethereum’s supremacy could be under threat.
Bitcoin, the reigning king of cryptocurrencies, has swiftly ascended the ranks, securing the second spot in the market within a few months. Now, the network is set on overthrowing Ethereum’s long-standing supremacy in the NFT industry.
How is it planning to do so? By enabling the migration of Ethereum NFTs into its network.
