Skip to main content

Okx Introduces New Ordinals Marketplace Amid Bitcoin Inscription and BRC20 Buzz

Okx Introduces New Ordinals Marketplace Amid Bitcoin Inscription and BRC20 Buzz

On Tuesday, the crypto firm Okx announced the launch of a new Ordinals marketplace. The platform is accessible via the Okx Wallet and will enable users to mint and trade Ordinal inscriptions and BRC20 tokens. While the Ordinals marketplace is still in its early stages, users can take advantage of the ability to view and transfer Ordinal inscriptions using the multichain wallet.

Okx Embraces Ordinals and BRC20 Trend, Reveals New Ordinals Marketplace

Okx, the crypto firm, exchange, and Web3 company, has announced the Okx Wallet now provides seamless access to the groundbreaking Ordinal and BRC20 ecosystem. With over 7 million Ordinal inscriptions linked to the Bitcoin blockchain and 18,250 BRC20 tokens valued at nearly half a billion dollars, inscriptions have been a game-changer for crypto enthusiasts. What’s more, Bitcoin’s NFT sales (aka Ordinal inscription trades) are just below Ethereum’s, making it the second-largest chain in terms of NFT sales last week.

Okx is embracing the Ordinals trend with open arms. The crypto firm further detailed that it is rolling out the Okx Wallet’s features in phases. As of now, users can view and transfer Ordinal inscriptions, and later this week, they’ll be able to trade BRC20 tokens. By the end of May, the wallet will enable users to issue their own Ordinal inscriptions (NFTs) and BRC20s. And by June, Okx is promising to take things up a notch by allowing users to trade (buy, sell, and list) Ordinal inscriptions.

“Okx has always believed in the power of Bitcoin to revolutionize global markets and bring us closer to a truly decentralized system,” Jason Lau, the chief innovation officer at Okx, said. “We are embracing Ordinals and BRC-20, despite early criticisms about their impact on transaction costs, because we see the potential of Bitcoin to expand its use cases into areas previously dominated by Ethereum-based applications,” Lau added.

The firm will be joining the ranks of several other Ordinals market players, including Open Ordex, Ordinals Market, Ordswap, Ordinals Wallet, Gamma, Magic Eden, and Unisat. Together, these markets boast 59,954 unique traders and have facilitated over $123 million in Ordinal inscription swaps settled in both bitcoin and ethereum. In addition to launching the Okx Wallet marketplace for Ordinals, the firm is also set to attend the Bitcoin Builders event in Miami on May 17.

What are your thoughts on Okx’s move to embrace Ordinals and BRC20 tokens? Share your opinions about this subject in the comments section below.



from Bitcoin News https://ift.tt/YOnJLEC
Labels:

Comments

Post a Comment

Popular posts from this blog

Deep Web Roundup: Dream Adds Monero and Bitcoin Tumbler “Chip Mixer” Launches

The darknet has been quiet of late, which is the way it’s meant to be. No news means no mega busts, honeypots, or mass market shutdowns. Even when it’s out of the spotlight though, the deep web is quietly making news, whether trialling the latest privacy coins or the newest coin mixers that promise to restore a little of the privacy that’s being stripped away from bitcoin users on a daily basis. Also read: U.S. Agency ICE Conducts Investigations That Exploit Blockchain Activity The Battle for Privacy Heats Up Privacy is all relative, but of late there’s been relatively little privacy to be enjoyed by bitcoin users. Blockchain monitoring software is becoming more sophisticated and more common, with U.S. law enforcement agencies using it to profile and hunt down deep web users. Chip Mixer is a relatively new bitcoin tumbler that’s designed to restore some of that privacy. Available on both the clearnet and darknet, the service uses a variety of techniques to obfuscate blockchain m...
10 comments
Read more

Seven UK Companies Form Cryptocurrency Trade Body

Seven major crypto companies operating in the UK have announced the formation an independent cryptocurrency trade body. The group, Crypto UK, has stated that its principal aim is to “improve industry standards and engage policymakers.” Also Read:   Independent Ratings Agency Alerts Investors About Dangers of Tether Leading Cryptocurrency Companies form Crypto UK Trade Body Seven leading cryptocurrency companies operating the UK have formed an independent trade body tasked with developing self-regulatory standards for the cryptocurrency industry, in addition to “engag[ing] policymakers.” The members of Crypto UK are Coinbase, Etoro, Cex.io, Blockex, Commerceblock, Coinshares, and Cryptocompare – comprising trading platforms, exchanges, asset managers, merchants, comparison websites, and intermediaries from the cryptocurrency sector. “Regulation is Imminent” The Crypto UK chairman and managing director of Etoro, Iqbal Gandham, described the trade body’s mission as “promot[in...
41 comments
Read more

International Crypto Exchange Luno Adds Bitcoin Cash Trading

Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH , but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds Bitcoin Cash Trading Across Europe and the US Luno Adds Bitcoin Cash Trading Luno, the London-headquartered company formerly known as Bitx, recently announced that bitcoin cash was made available on its cryptocurrency exchange. Starting from Monday, September 23, customers at Luno are now able to store, buy and sell BCH on the platform. The reason given for adding BCH to the exchange is feedback from users in developing markets that convinced Luno to expand their offering from previously just BTC and ETH . Marcus Swanepoel, CEO of Luno, said , “We are in a new and exciting financial era. Developing economies are leading the large-scale adoption and appli...
Post a Comment
Read more