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Bitcoin releases its initial Latin American NFT marketplace

Bitcoin releases its initial Latin American NFT marketplace

The Bitcoin Network has welcomed its initial Latin American NFT marketplace Carnaval, which highlights artworks of local artists.

The reveal of Carnaval is a turning point for the community for two reasons. First, Carnaval is the initial NFT marketplace dedicated to the Latin American art community. Second, the NFTs are minted by the rootstock (RSK) on the Bitcoin network.

The collective announced that it will be releasing Bitcoin Genesis Drop, a series of 210 special artworks minted as NFTs. According to some reports, Carnaval will sell these NFTs from April 6 to 9 at the Bitcoin Conference 2022 in Miami, Florida.

In addition to providing Rootstock (RIF) infrastructure assistance, Carnaval has supported museums and art galleries as well. These art institutes will help to validate the authenticity of the artworks sold as NFTs and enable the artists to get more audience.

Actually, Bitcoin’s blockchain was generated to lead a highly secure and decentralized financial system. It doesn’t enable NFTs creation or even smart contracts on its base blockchain layer. Nevertheless, it is possible to create an NFT Carnaval marketplace because of the Rootstock’s open-source platform for smart contracts and NFTs.

Late 2021, Bitcoin launched its Taproot upgrade, unlocking the operation of smart contracts on the core protocol layer plus the Lightning Network. Moreover, Bitcoin’s core network still exhibits this trait on a scale similar to prominent blockchain ecosystems such as Ethereum and Binance Smart Chain (BSC).

About Nicolle

She is an Indian Freelance writer. She loves thinking, learning, and writing about all things Web3.

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