Bitcoin is entering a new era.
According to Coinglass data, Bitcoin ETF assets under management have reached $561.13 billion. CompaniesMarketCap reports Bitcoin's market capitalization at $1.398 trillion, surpassing silver to become the eighth-largest global asset by market value. Meanwhile, USDT’s market cap has also hit a historic high, exceeding $100 billion (CoinGecko).
Against this backdrop of bullish momentum—fueled by Bitcoin’s halving narrative and inscription innovations—the ecosystem is flourishing across asset standards, scaling solutions, and cross-chain protocols.
As an early supporter of Bitcoin’s infrastructure, OKX Web3 has advanced its commitment to asset standards. The platform now supports Atomicals Protocol (NFTs and ARC-20 tokens) and has upgraded its Ordinals marketplace into a broader Inscriptions Marketplace.
This article explores OKX Web3’s upgraded Inscriptions Marketplace and outlines its strategic Bitcoin ecosystem roadmap.
1. Upgraded Inscriptions Marketplace: A One-Stop Hub for Bitcoin Assets
ARC-20 and the Atomicals Protocol
Atomicals Protocol is a Bitcoin-native framework for minting, transferring, and upgrading digital objects (e.g., NFTs, domains, identities) and fungible tokens (ARC-20).
Key features of ARC-20:
- Each token is backed by 1 satoshi (1 sat = 0.00000001 BTC), ensuring a floor value.
- Minting requires proof-of-work computation, similar to Bitcoin’s security model.
- Potential to expand Bitcoin’s asset issuance capabilities.
OKX Web3’s Inscriptions Marketplace
The upgraded marketplace now includes:
- ARC-20 Dedicated Section: Buy, sell, and transfer ARC-20 tokens alongside Ordinals.
- Multi-Standard Support: BRC-20, SRC-20, Rune Alpha, and more.
- User-Friendly Access: Available via OKX Web3 Wallet (mobile/extension).
Future plans include integrating additional protocols based on market demand.
2. OKX Web3’s Bitcoin Ecosystem Blueprint
Challenges and Innovations
Bitcoin’s scalability limitations historically hindered app development. However, the 2023 Ordinals/BRC-20 boom sparked a renaissance in:
- Asset Protocols: Atomicals, Runes, Taproot Assets.
- Scaling Solutions: Layer 2 (e.g., Merlin, Babylon) and Layer 1 optimizations.
- Infrastructure: Wallets, indexers, bridges, launchpads.
OKX’s Strategic Initiatives
a. Trading & Liquidity
- Early leader in BRC-20 trading volume (since 2023).
- OKX DEX supports Bitcoin cross-chain swaps.
b. Layer 2 Integration
- Collaborations with Babylon, B² Network, Merlin Chain.
c. Ventures & Grants
- OKX Ventures has invested in 10+ Bitcoin projects (e.g., Bitmap Tech, bitSmiley).
- Dedicated $10M fund for BTC ecosystem startups.
d. Cross-Ecosystem Expansion
- EVM chains (Ethereum) and Solana integrations.
👉 Explore OKX Web3’s Bitcoin Tools
FAQ
Q1: What is ARC-20?
A: A fungible token standard on Bitcoin using the Atomicals Protocol, backed 1:1 by satoshis.
Q2: How does OKX support Bitcoin scaling?
A: Via L2 partnerships (e.g., Merlin), cross-chain bridges, and infrastructure grants.
Q3: Can I trade BRC-20 and ARC-20 on OKX?
A: Yes—the Inscriptions Marketplace supports both standards.
Q4: What’s next for OKX Web3?
A: Expect more protocol integrations and L2 rollup support in 2024.
👉 Start Trading Bitcoin Assets Today
OKX Web3 remains committed to building a seamless gateway for Bitcoin’s evolving ecosystem, driven by user demand and innovation.