UTB Article – NFT On Top of Bitcoin Powered by the RSK Network and Coinsilium Group Limited June 2, 2021 – Posted in: Blog, Coinsilium (COIN) – Tags: , , , , , , , , ,

by Jonathan Gibson

If you thought that NFTs (non-fungible tokens) on Bitcoin (BTC) were not possible, you were wrong. Coinsilium Group Limited a blockchain company focusing on different crypto-related projects, announced that Nifty Labs Limited, one of its subsidiaries, is now working on the RSK network to create an NFT Bitcoin marketplace.

In a recent press release shared by IOVlabs, the company explained that they are working side by side with its partner Indorse Pte. Ltd to bring non-fungible tokens to the Bitcoin blockchain.

NFT Marketplace on Top of Bitcoin

As per the press release, the development work on the NFT marketplace on Bitcoin has already started and it is expected to reach an end in six months. This should give enough time for developers to work on the RSK network and create the necessary solutions for users to handle NFTs using Bitcoin’s security.

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