Inscription Token Standards Now Supported by OKX Wallet and Marketplace
In a groundbreaking move, OKX has announced that it will enable inscription token standards on its wallet and marketplace. This includes support for Dogecoin Ordinals, or Doginals, as well as Atomicals, Stamps, and Runes.
Integration of Bitcoin Token Standard on OKX Wallet
OKX Wallet will integrate the Bitcoin token standard, SRC-20 (Stamps), allowing users to view and transfer inscription standards. In late February, the wallet will also integrate ARC-20 (Atomicals), DRC-20 (Doginals), and Runes. The OKX Marketplace will follow suit, integrating DRC-20, ARC-20, and Runes standards, providing millions of users with the ability to buy and sell these inscriptions with zero fees.
New Names for Token Standards
Newer token standards are being given unique names, similar to BRC-20 on Bitcoin. Examples include PRC-20 on Polygon PoS, Ethscriptions on Ethereum, and Solana Inscriptions on Solana.
Explosion of Activity for Inscriptions
Inscriptions have gained popularity among Asian users, leading to an increase in activity. OKX Chief Innovation Officer Jason Lau explains that this growth prompted the development of their product to support the holding, viewing, buying, and selling of early inscriptions in their web3 self-custodial wallet. The number of users has grown from hundreds to over 100,000.
OKX’s Commitment to Web3
OKX aims to be at the forefront of web3 by building tools for its users to access all aspects of it. Their inscriptions tool currently supports minting on 23 networks, including Bitcoin, Dogecoin, Ethereum, Polygon, BNB Chain, Avalanche-C, Arbitrum One, and more.
Hot Take: OKX Revolutionizes Inscription Token Standards
OKX’s decision to enable inscription token standards on its wallet and marketplace marks a significant milestone in the crypto industry. By supporting various token standards, including Doginals and Atomicals, OKX is providing users with more options and opportunities for trading and investment. The integration of these standards will give millions of users the ability to buy and sell inscriptions with zero fees. With the explosive growth of inscriptions and increasing user demand, OKX is positioning itself as a leader in the web3 space. This move highlights their commitment to innovation and customer satisfaction.
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