OKX Web3 Wallet Officially Launched The Oridinals Market

Key Points:

• The OKX Web3 Wallet is now available in the Oridinals market.
• The wallet presently supports viewing and transferring Ordinals NFT, token analysis transactions, BTC cross-chain transactions, and functionalities such as transaction reminders for abandoned BRC-20 inscriptions, phishing risk reminders, and so on.
• It will soon enable NFT transactions, the Lightning Network, and BRC-20 staking, among other things.

According to OKX’s official announcement, the OKX Web3 wallet has been officially launched the Oridinals market.

It is reported that the OKX Web3 Wallet currently supports the viewing and transfer of Ordinals NFT, token analysis transactions, and BTC cross-chain transactions, and has functions such as transaction reminders for abandoned inscriptions for BRC-20, phishing risk reminders, etc. It will soon support NFT transactions, Lightning Network and BRC-20 Staking, and other functions. Previously, OKX released industry standards such as BRC-20 double verification, analysis, and BRC20 browser.

OKX has recently gained recognition for its devotion to Bitcoin Ordinals and BRC-20 tokens. The Seychelles-based business, which is the world’s second-largest crypto exchange by trading volume, has recently announced the launch of a key BRC-20 cryptocurrency, which has sparked widespread enthusiasm among the Bitcoin community.

ORDI, which began as a meme currency in March, has remained the most successful BRC-20 project, with a remarkable market valuation.

OKX believes that listing the ORDI token is a significant milestone for the Bitcoin community, as trading on a centralized platform – especially one as prominent as this – allows investors to avoid issues associated with decentralized exchanges (DEXs) such as high network fees, slow transaction speed, slippage, and so on.

Moreover, one may argue that OKX’s listing of ORDI lends legitimacy to the Ordinal theory and the BRC-20 token standard as a whole, which is highly required given the initiative’s infancy.

Earlier, the exchange revealed that it would soon launch an Ordinals marketplace on OKX Web3 Wallet. With this expansion, OKX Web3 Wallet also becomes the first multichain wallet to support the Lightning network, promising faster transaction speeds and lower costs, the exchange claims. Besides, OKX BTC explorer also became the first explorer to support the BRC-20 token.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

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