In a pioneering step, OKX is integrating unique inscription token standards like ‘Doginals’, ‘Atomicals’, ‘Stamps’, and ‘Runes’ into its wallet and NFT marketplace.
The integration process will commence with the Bitcoin token standard SRC-20 — known as Stamps — enabling users to engage directly with various inscription standards.
In February, “going ALL IN on inscriptions,” OKX will additionally enable fee-free trading of ARC-20, DRC-20, and Runes on its ecosystem.
We’re thrilled to enable new inscription token standards across #OKXWallet & our marketplace.
Our CIO @jasonklau explains why we’re going ALL IN on inscriptions
https://t.co/NeXp5qonJ5
— OKX (@okx) January 29, 2024
Inscriptions Fuel OKX Activity
Inscriptions have gained popularity, especially among Asian users, driving increased activity on OKX. Consequently, the platform now supports storage, viewing, buying, and selling of these early inscriptions in their Web3 self-custodial wallet.
Despite criticism, the demand for inscriptions is rising. OKX has expanded its user base from hundreds to over 100,000 users. The tool supports inscription minting on 23 networks, demonstrating the ecosystem’s commitment to digital asset management.
The rollout timing matches the rising traction of these protocols, reflecting OKX’s commitment to innovation and user empowerment in the Web3 space.
Early indications of inscription activity on other UTXO chains further showcases the platform’s strategic approach to meeting the crypto community’s needs.
OKX pioneers inscription standards, expanding asset options and strengthening its Web3 innovation leadership.
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