OKX Chief Innovation Officer Jason Lau: Unlocking the innovative power of OKX Inscription

After OKX Web3 Wallet took the lead to support the BRC-20 standard of the Ordinals protocol, the Ordinals market has become the largest BRC20 inscription and BTC NFT trading market. In order to support the construction of the Bitcoin ecosystem and meet user needs, OKX will once again be the first to launch the ARC-20, SRC-20, Runes and DRC-20 standards. Therefore, Jason Lau, Chief Innovation Officer of OKX, published the article "Unlocking the Innovation Power of OKX Inscription", expressing his thoughts on the innovative power of the Inscription market and OKX's determination to build ecological infrastructure for Inscription.

The following is the full text from OKX Chief Innovation Officer Jason Lau:

Inscription was born in early 2023, when users began to inscribe text on the Bitcoin network, Images and multimedia. This innovation quickly attracted widespread attention as the crypto community discovered new ways to use inscriptions to build and trade new assets, such as NFTs and tokens. Subsequently, many innovative inscription standards emerged, attracting the interest and active participation of many community users.

OKX is an important supporter of the Inscription ecosystem, providing developers with fast and efficient solutions for launching tokens, and leading the industry development trend. With engraving, token issuance becomes easier, providing users with the convenience to explore tokenization without having to build and launch a separate protocol. The inscription craze is spreading rapidly, not only becoming popular on the Bitcoin network, but also starting to spread to other major public chains, even including the earliest Bitcoin BRC-20 protocol and Dogecoin. Because of this, we have been actively engaging with the community and working to build products that will support the growth of Inscription and contribute to the overall growth of crypto assets in the broader Web3 ecosystem.

Our goal is to be at the forefront of the inscription innovation wave, and today I’m excited to share a major update to OKX’s industry-leading inscription products.

OKX will add support for four leading inscription standards: Atomics (ARC-20), Stamps (SRC-20), Runes, and Doginals (DRC-20) in the coming weeks. This move will further expand OKX, making it the Web3 industry’s largest one-stop ecosystem for minting, buying, selling, and trading inscriptions. Currently, OKX's Web3 wallet and market functions support inscription exploration and inscription on 23 mainstream public chains, including Bitcoin, Polygon, and Ethereum networks.

OKX Web3 Wallet plans to first integrate Bitcoin’s Atomicals, Stamps and Runes, as well as Dogecoin’s Doginals standard. This way, users can easily view and transfer inscriptions under these standards. In the coming weeks, the OKX NFT marketplace will also integrate the Doginals and Atomicals standards, allowing users to easily trade these inscriptions. Through these integrations, OKX Web3 Wallet and NFT Marketplace will provide users with more choices and provide them with a better trading experience.

Why is this important? Currently, inscriptions are like "isolated islands" between different blockchain networks and standards. This complexity poses a significant barrier to participation for most users. OKX's vision has always been to drive more user adoption through easy-to-use Web3 products. We have integrated many of the industry's leading inscription standards. Through the one-stop platform of OKX Web3 Wallet, users can seamlessly experience inscription, listing, and purchase. and sell inscriptions on multiple blockchain networks with zero transaction fees.

In addition to the functions and innovative leadership mentioned above, we are constantly leveraging OKX’s technology to promote the development of the industry. We are committed to improving the reliability and functionality of our products to provide users with a better experience. Through batch casting and automatic error detection capabilities, we are able to improve production efficiency and product quality. At the same time, our inscription area and inscription tracking tools provide users with more opportunities to learn and explore, helping them better understand and participate in the growing ecosystem. We will continue to work hard to continuously improve technology and innovation to provide users with better services.

With Inscription, a powerful new way for users to better interact and engage with cryptocurrencies by storing data and artwork directly on-chain. OKX users will soon enjoy a new experience of mining and participating in inscriptions across dozens of protocols, and we can’t wait to hear what users think.

The above is the detailed content of OKX Chief Innovation Officer Jason Lau: Unlocking the innovative power of OKX Inscription. For more information, please follow other related articles on the PHP Chinese website!