Post
Topic
Board Bitcoin Discussion
Re: NFT's on Bitcoin, why is no one doing this
by
TryNinja
on 02/04/2021, 23:44:23 UTC
NFTs (Non-Fungible Tokens) are tokens, Bitcoin is a coin, the only truly decentralized coin, moreover mined through a Proof-Of-Work algo, not minted out of a thin air.
Ethereum is also a coin, but you can mint NFTokens on its chain.

How do you expect NTF's to be minted on Bitcoin blockchain?
I don't see any reason why this wouldn't be possible.

AFAIK, the Liquid Network by Blockstream supports non-fungible tokens running on Bitcoin. One example is the Light Nite game: https://blockstream.com/2020/05/12/en-light-nite-launches-liquid-powered-gaming-nfts/