OKX Becomes First Platform to Support New Inscription Token Standards
OKX, a leading Web3 technology company, has announced its groundbreaking initiative to become the first platform supporting four new inscription token standards: Atomicals, Stamps, Runes, and Doginals.
Integration of Atomicals and Runes on OKX Marketplace
On January 29, OKX announced its plans to add Atomicals and Runes to its marketplace as part of its commitment to Bitcoin NFTs. These token standards will be integrated into OKX’s Web3 Wallet.
OKX Aims to Solidify Its Position as a Leading NFT Ecosystem
OKX aims to solidify its position as a leading one-stop NFT ecosystem in Web3 by supporting token standards from Atomicals, Stamps, Runes, and Doginals on its Web3 Wallet. The integration will start on February 5 with SRC-20, followed by ARC-20, DRC-20, and Runes standards in late February.
OKX Wallet Supports Minting on 23 Networks
OKX Wallet’s NFT tool currently supports minting on 23 networks, including Bitcoin, Dogecoin, Ethereum, Polygon, BNB Chain, Avalanche-C, and Arbitrum One.
Jason Lau Emphasizes OKX’s Commitment to Mainstream Adoption of Web3 Technologies
Jason Lau, Chief Innovation Officer at OKX, emphasizes the platform’s commitment to driving mainstream adoption of Web3 technologies. He believes that inscriptions have the potential to unlock new ways for creators and collectors to build and own immutable items.
Addressing Concerns About Blockchain Congestion
Lau acknowledges concerns about potential blockchain congestion due to NFTs but refers to these challenges as “growing pains.” He expresses confidence that these issues will be resolved over time.
OKX Aims to Become the Largest NFT Marketplace
With the addition of new token standards, OKX Marketplace aims to become the largest NFT marketplace in the industry, offering zero-fee trading and advanced features.
OKX Wallet Expands Services and Supports Ordinals on Bitcoin
The introduction of OKX Wallet expands the platform’s offerings, catering to users exploring NFTs, the metaverse, and trading GameFi and DeFi tokens. While some members of the Bitcoin ecosystem express discontent with Ordinals, OKX openly embraces them.
Jason Lau Disagrees with Labeling Ordinals as Digital Spam
Lau argues that there is “no such thing as spam” in open and permissionless networks like Bitcoin. He believes that all transactions are valid as long as fees are paid and they conform to consensus rules.
OKX’s Proactive Stance on Ordinals and NFTs
OKX’s proactive stance indicates a belief in the potential for Bitcoin-based NFTs and their ability to introduce innovative use cases and design possibilities.
Debate Continues on the Role of Ordinals and NFTs in the Bitcoin Ecosystem
The debate on the role of Ordinals and NFTs within the Bitcoin ecosystem continues. OKX’s support for these innovations further fuels discussions about their impact.
Hot Take: OKX Expands Token Support, Paving the Way for Web3 Adoption
OKX’s expansion of token support through its Web3 Wallet is a significant step towards mainstream adoption of Web3 technologies. By simplifying access and removing barriers, OKX aims to empower users to explore and realize the potential of inscriptions and NFTs. With its innovative features and commitment to the Bitcoin ecosystem, OKX is poised to become a leading platform in the growing NFT market.
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