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Home/Bitcoin/Okx Introduces New Ordinals Marketplace Amid Bitcoin Inscription
and BRC20 Buzz – Bitcoin News


OKX INTRODUCES NEW ORDINALS MARKETPLACE AMID BITCOIN INSCRIPTION AND BRC20 BUZZ
– BITCOIN NEWS

2 weeks ago
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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 Ethereums, 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.

TAGS IN THIS STORY


Bitcoin, Bitcoin (BTC), BRC20 tokens, BTC, crypto firm, Ethereum, groundbreaking
ecosystem, Mint, multichain wallet, NFT sales, Okx, OKX Wallet, Ordinal
inscriptions, Ordinals marketplace, trade

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.

JAMIE REDMAN

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech
journalist living in Florida. Redman has been an active member of the
cryptocurrency community since 2011. He has a passion for Bitcoin, open-source
code, and decentralized applications. Since September 2015, Redman has written
more than 7,000 articles for Bitcoin.com News about the disruptive protocols
emerging today.






Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct
offer or solicitation of an offer to buy or sell, or a recommendation or
endorsement of any products, services, or companies. Bitcoin.com does not
provide investment, tax, legal, or accounting advice. Neither the company nor
the author is responsible, directly or indirectly, for any damage or loss caused
or alleged to be caused by or in connection with the use of or reliance on any
content, goods or services mentioned in this article.

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2 weeks ago
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