F2Pool, one of the top mining pools, has announced the launch of new Ordinals auctions for its clients. The newly introduced feature will allow pool users to place bids on Bitcoin blocks that have been recently minted, with auctions lasting for a period of exactly one day. The first auctions began yesterday and featured ten satoshis of the uncommon variety for participants to bid on.
The introduction of Ordinals auctions by the mining pool is quite an exciting development within the cryptocurrency sector. F2Pool is a well-established mining pool known for contributing to the expansion and adoption of several major cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
Those who wish to bid in these auctions will need to have an account with F2Pool, as the bidding process can only take place via an account. At this time, the only currency option for bidding on the sats that are up for auction is USDT. However, the pool has announced that it intends to add additional coins sometime in the future.
F2Pool has also announced that going forward, it will be adding new uncommon sats on a regular basis. These will be presented in the form of recurring auctions and will provide auction participants with additional opportunities to take part in the bidding for new assets.
Elsewhere in the market, Binance’s NFT marketplace is now capable of supporting deposits and withdrawals, as well as new Bitcoin NFT listings. The series of Bitcoin NFT’s that are currently supported include but are not limited to:
- Bitcoin Bandits
- Frogs
- Pizzas
- Punks
- Wizards
- Clay Pepes
- DogePunks
The NFTs that are supported in the marketplace are based on each project team’s Inscription ID list.