Toniq, a pioneer in decentralized web solutions, has officially launched the first marketplace dedicated to Ordinals-specific non-fungible tokens (NFTs) on a Bitcoin Layer 2 platform. This groundbreaking initiative is poised to reshape the landscape of NFT trading.
Bioniq, as the platform is named, is touted as the fastest Bitcoin-based NFT marketplace. This platform aims to simplify the process of buying and selling Bitcoin NFTs while addressing the challenges of Bitcoin network congestion. Notably, Bitcoin transaction fees have recently surpassed Ethereum’s, escalating the cost of BTC transactions considerably. Bioniq’s launch, supported by crypto-focused venture capital firm Polychain Capital, is a strategic move to mitigate these issues.
Bioniq is a user-friendly platform with a built-in wallet and smart features. It uses Web3Auth for secure logins via Gmail accounts while also offering exclusive services like Launchpad, Earn, Super offers, and Collection offers.