OKX Web3 Wallet, which was the first to support the Oridinals protocol of the BRC-20 standard, has now developed into the largest BRC20 token and BTC NFT trading market. In order to support the development of the Bitcoin ecosystem with the community users, OKX will be the first to launch the ARC-20, SRC-20, Runes, and DRC-20 standards, in response to the attention and demand of a wide range of users. In this regard, Jason Lau, Chief Innovation Officer of OKX, has specially published an article titled “Unlocking the Innovation Power of OKX Tokens” to express his thoughts on the innovation power of tokens and OKX’s determination to continue leading the infrastructure construction of the token ecosystem.
Here is the full text by Jason Lau, Chief Innovation Officer of OKX:
Tokens were born in early 2023 when users began engraving text, images, and multimedia on the Bitcoin network. As the crypto community discovered the new method of using tokens to create and trade new assets such as NFTs and tokens, this innovation quickly became a phenomenon. Since then, many innovative token standards have emerged, attracting a large number of community users’ interest and active participation.
OKX is a strong supporter of the token ecosystem, enabling developers to launch tokens quickly and efficiently, and leading the industry’s development trends. By making token issuance easier through engraving, OKX paves the way for users to explore tokenization without the need to build and launch separate protocols. The token frenzy has exploded and spread from the Bitcoin network to other major public chains, starting from the initial Bitcoin BRC-20 protocol to even Dogecoin supporting tokens. Because of this, we have been actively interacting with the community and devoting ourselves to building products that support the growth of tokens and the overall growth of encrypted assets in the wider Web3 ecosystem.
Our goal is to be at the forefront of the token innovation wave, and today I am pleased to share the major update of OKX’s industry-leading token products.
In the coming weeks, OKX will further expand its suite to become the largest one-stop ecosystem in the Web3 industry by adding support for four leading token standards, Atomicals (ARC-20), Stamps (SRC-20), Runes, and Doginals (DRC-20), for token minting, buying, selling, and trading. The current OKX Web3 wallet and market functionality already support token exploration and engraving on 23 mainstream public chains, including Bitcoin, Polygon, and Ethereum networks, and more.
Among them, OKX Web3 Wallet will first integrate Bitcoin’s Atomicals, Stamps, and Runes, as well as Dogecoin’s Doginals standard, allowing users to view and transfer tokens under these standards. In the following weeks, the OKX NFT market will also integrate Doginals and Atomicals standards, enabling users to trade these tokens.
Why is this important? Currently, tokens are like “islands” between different blockchain networks and standards, which poses a significant participation barrier for most users. OKX’s vision has always been to drive adoption by providing easy-to-use Web3 products, and we have integrated numerous industry-leading token standards. Through the OKX Web3 Wallet platform, users can seamlessly experience tokens, list, purchase, and sell tokens on multiple blockchain networks, with zero transaction fees.
In addition, we are leveraging OKX’s technology and innovation leadership to enhance and set new standards. Our batch minting and automatic verification features further enhance the reliability and functionality of the product. At the same time, OKX’s token zone and token tracking tools help users fully learn and explore the growing ecosystem.
With the powerful new way of tokens, users can interact and participate in cryptocurrencies better by directly storing data and artworks on the chain. OKX users will soon enjoy a new experience of exploring and participating in tokens across dozens of protocols, and we are eager to hear users’ feedback.
This article is provided by the official source and does not represent the position or investment advice of this website. Readers must conduct their own careful evaluation.
