OKX Chief Innovation Officer Jason Lau: Unlocking the Innovation of OKX Inscriptions

OKX Web3 wallet, after being the first to support the Ordinals protocol's BRC-20 standard, has developed its Ordinals market into the largest BRC20 inscription and BTC NFT trading market. To assist in building the Bitcoin ecosystem together with community users, OKX will once again be the first to launch ARC-20, SRC-20, Runes, and DRC-20 standards, responding to the widespread attention and needs of users. In this regard, OKX's Chief Innovation Officer Jason Lau has published an article titled "Unlocking the Innovation of OKX Inscriptions," expressing his thoughts on the innovation of the inscription market and OKX's determination to continue leading the infrastructure development of the inscription ecosystem.

Here is the full content from OKX Chief Innovation Officer Jason Lau:

Inscriptions emerged in early 2023 when users began engraving text, images, and multimedia on the Bitcoin network. As the crypto community discovered new ways to use inscriptions to create and trade new assets (such as NFTs and tokens), this innovation quickly became a phenomenal trend. Subsequently, many innovative inscription standards emerged, attracting significant interest and active participation from community users.

OKX is a strong supporter of the inscription ecosystem, enabling developers to launch tokens quickly and efficiently, and leading industry development trends. By engraving, the issuance of tokens has become easier, paving the way for users to explore tokenization without the need to build and launch separate protocols. The inscription craze has exploded and begun to spread from the Bitcoin network to other major public chains, with the initial Bitcoin BRC-20 protocol, and even later Dogecoin starting to support inscriptions. Because of this, we have been actively interacting with the community and focusing on building products to support the growth of inscriptions and the overall growth of crypto assets in the broader Web3 ecosystem.

Our goal is to be at the forefront of the wave of inscription innovation, and today I am pleased to share significant updates on OKX's industry-leading inscription products.

In the coming weeks, OKX will further expand to become the largest one-stop ecosystem in the Web3 industry for minting, purchasing, selling, and trading inscriptions by adding support for four leading inscription standards: Atomicals (ARC-20), Stamps (SRC-20), Runes, and Doginals (DRC-20). Currently, the OKX Web3 wallet and market features already support the exploration and engraving of inscriptions on 23 mainstream public chains, including Bitcoin, Polygon, and Ethereum networks, among others.

Among them, the 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 inscriptions under these standards. In the following weeks, the OKX NFT market will also integrate Doginals and Atomicals standards, enabling users to trade these inscriptions.

Why is this important? Currently, inscriptions across different blockchain networks and standards are like individual "islands," and this complexity poses significant barriers to participation for most users. OKX's vision has always been to drive greater user adoption through simple and user-friendly Web3 products. We have integrated many leading inscription standards in the industry, allowing users to seamlessly experience, list, purchase, and sell inscriptions across multiple blockchain networks through the OKX Web3 wallet, with zero transaction fees.

Additionally, we are leveraging OKX's technology and innovative leadership to enhance and set new standards. The batch minting and automatic error-checking features we have launched further improve the reliability and functionality of the product. Meanwhile, OKX's inscription zone and inscription tracking tools can help users fully learn and explore the growing ecosystem in greater depth.

With this powerful new way of inscriptions, users can interact with cryptocurrencies and participate more effectively by directly storing data and artworks 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 their thoughts.