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Azuki and Magic Eden Reveals Dual-Chain ‘Satoshi Nakamoto’ Hoodies

May 23, 2024
in NFT News
Reading Time: 3 mins read
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Azuki and Magic Eden Reveals Dual-Chain ‘Satoshi Nakamoto’ Hoodies
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Azuki and Magic Eden partners to introduce a dual-chain NFT product: the Azuki x Satoshi Nakamoto Enduro Hoodie. This limited edition hoodie, inspired by Bitcoin’s creator Satoshi Nakamoto, will now exist on both the Ethereum and Bitcoin blockchains.

Each hoodie, designed exclusively for holders of Azuki’s “Spirits” NFTs, is embedded with a chip allowing owners to scan and mint a corresponding NFT on the Ethereum blockchain for proof of ownership and authenticity.

Additionally, an Ordinals inscription, similar to an NFT, will also be created on the Bitcoin blockchain.

Source: Azuki

PBT-Backed Satoshi Nakamoto Hoodies

According to Azuki, only 98 of these Azuki x SATOSHI NAKAMOTO hoodies will ever exist.

This dual-chain representation is facilitated by Azuki’s Physical Backed Token (PBT) technology, which adheres to the Ethereum Improvement Proposal EIP-5791 standard.

Ownership transfers require a signature from the chip, enabling decentralized on-chain verification combined with off-chain ownership.

Azuki and Magic Eden noted on a statement, “The ownership on ETH is still tied to immutable art on BTC. The concept was built around the desire to collect and trade artifacts in a user-friendly way, which led to programming on EVM while keeping the art enshrined on BTC.”

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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

jenz nft plazas

Blockchain enthusiast and lifelong gamer.

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