Binance Web3 Wallet Unveils Inscription Marketplace, Adds ERC-404 Token Support
Posted: February 23, 2024 11:05 AM Updated: February 23, 2024 12:02 PM
Correction and fact check date: February 23, 2024, 11:05 AM
briefly
Binance Web3 Wallet announced the launch of the Inscriptions Marketplace and added support for ERC-404 tokens.
Binance Web3 Wallet, a digital wallet for cryptocurrencies within the Binance Application, announced the launch of the Inscriptions Marketplace and added support for ERC-404 tokens following their recent surge in popularity.
Support for ERC-404 tokens, a blend of the ERC-20 and ERC-721 standards, facilitates the collection of fractional NFTs, eliminating the need for intermediaries in the process.
Meanwhile, the introduction of the Inscription Marketplace within Web3 Wallet will allow users to mint and trade inscriptions, including BRC-20 and EVM tokens, and exchange them with over 60,000 BRC-20 tokens and other tokens through a decentralized application (dApp). We’ll give you a streamlined experience that works.
Within Web3 Wallet, users can take advantage of the Inscriptions Accelerator by paying a fee. This service allows users to quickly process transactions and gain an advantage in the cryptocurrency market. This is especially useful when network congestion or low transaction fees can cause confirmation delays.
Accelerators accelerate processing times by prioritizing transactions with miners, contributing to increased transaction efficiency by reducing latency and increasing transaction reliability.
The wallet also features several new networks, including Web3, Manta, layer 1 with built-in chain-agnostic interoperability, ZetaChain, ZK-based layer 2, ZKFair, an Ethereum layer 2 scaling solution, and a modular ecosystem for Metis. Integrated. , Scroll, a Layer-2 solution for Ethereum based on zkEVM.
Binance Announces New Airdrop
To complement the introduction of the Inscription Marketplace, Binance announced an airdrop scheduled to reward users with $1 million from February 22 to April 3, 2024. Participants can win a variety of token rewards, including RATS, AINN, BDIN, MMSS, BIDP, BRC20.com, ORNJ, NEWU, MUBI, INDS, DEPD, ROUP and ITNP.
During each week of the airdrop, participants who meet certain transaction criteria will be ranked based on how the numbers in their BUID sequentially match the block hash value of the BNB beacon chain at the start of that airdrop week. The top rankings representing the highest order of matches will be crowned this week’s winners, each receiving $1,000 worth of highlighted tokens.
With the latest advancements, Binance’s Web3 wallet continues to evolve, supporting innovative projects and strengthening its commitment to the community in the dynamic cryptocurrency landscape.
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About the author
Alisa is a reporter for Metaverse Post. She focuses on everything related to investing, AI, metaverse, and Web3. Alisa holds a degree in Art Business and her expertise lies in the fields of art and technology. She developed a passion for journalism through her work with VCs, notable cryptocurrency projects, and science writing. You can contact us at (email protected).
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alice davidson
Alisa is a reporter for Metaverse Post. She focuses on everything related to investing, AI, metaverse, and Web3. Alisa holds a degree in Art Business and her expertise lies in the fields of art and technology. She developed a passion for journalism through her work with VCs, notable cryptocurrency projects, and science writing. You can contact us at (email protected).
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