Crypto Gloom

OKX launches support for Atomicals (ARC-20) on Inscription Marketplace, expanding scope of token standard for commission-free transactions

Crypto Market News
By Crypto Gloom

Singapore, March 14, 2024 /PRNewswire/ — great, a leading Web3 technology company, today added support for the Atomicals (ARC-20) Bitcoin inscription standard to its Inscription Market, previously known as Ordinals Market. This add-on provides users with enhanced options to create, buy, and sell inscriptions across an expanding list of token standards.

The new Bitcoin inscription standard, ARC-20, allows you to represent fungible token assets on the Bitcoin blockchain. This color coin standard allows each satoshi (the smallest unit of Bitcoin) to represent a unit of token ownership. Examples of ARC-20 inscriptions currently available for trading on OKX’s Inscription Market include top market capitalization tokens such as Atom and Quark, as well as popular collections such as TOOTHY, Capybaras, and more.

The integration of ARC-20 into OKX’s Inscription Market follows the addition of ARC-20 and Stamps (SRC-20) support to OKX Wallet. March 5 and February 14, 2024, each allowing users to view and transmit these innovative inscription standards. OKX Wallet has also added viewing and sending support for the Rune Alpha inscription standard. March 12th. In the coming weeks, OKX Wallet and Inscription Marketplace will be adding support for Doginals (DRC-20) along with rune support following the Bitcoin halving.

OKX Chief Innovation Officer Jason Lau said: “OKX is the best place to discover and trade ordinal numbers and inscriptions. Our Inscription Market is constantly improving, including support for major protocols like Atomicals. And more features are coming to Doginals and Runes. We developed and improved this feature based on user feedback, and we’d love to hear what they think.”

These improvements establish the OKX Marketplace as the industry’s leading one-stop marketplace, boasting commission-free trading across a rapidly growing range of token standards. OKX Wallet’s inscription tool already supports issuing inscriptions on 23 networks, including Bitcoin, Dogecoin, Ethereum, Polygon, BNB Chain, Avalanche-C, Arbitrum One, and more.

For more information, please contact:
media@okx.com

About OKX

OKX, a leading global technology company driving the future of Web3, offers a comprehensive suite of products to meet the needs of beginners and experts alike, including:

  • OKX Wallet: The world’s most powerful and versatile cryptocurrency wallet that gives users access to over 80 blockchains while managing their funds. The wallet includes: MPC technology This allows users to easily recover access to their wallets independently, eliminating the need for a traditional ‘recorded’ seed phrase. Also based on OKX Wallet’s account abstraction smart account Users can use USDC or USDT to pay for transactions on multiple blockchains and interact with multiple contracts through a single transaction.
  • dex: A multi-chain, cross-chain decentralized exchange collection comprised of over 400 other DEXs and approximately 20 bridges, supporting over 200,000 coins and over 20 blockchains.
  • NFT Marketplace: A multi-chain, free NFT marketplace where users can access NFT listings from seven top marketplaces, including OpenSea, MagicEden, LooksRare, and Blur.
  • Web3 DeFi: A powerful DeFi platform that supports yield and staking for approximately 70 protocols across 10+ chains.

OKX partners with the world’s best brands and athletes, including English Premier League champions Manchester City FC, McLaren Formula 1, The Tribeca Festival, Olympian Scotty James and F1 drivers. Daniel Ricardo.

As a leader in creating innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign. The system needs to be rewritten.advocates a new paradigm driven by Web3 self-management technology.

To learn more about OKX, download the app or visit: okx.com

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