Binance Officially Launches the Script Market in Binance Web3 Wallet, Offering Features such as Trading or Minting BRC-20 Tokens, EVM Tokens, and Other Script Tokens
(Previous Summary:
Binance Launches Web3 Wallet, Guiding Millions of Users into the New Web3 Era)
(Supplementary Background:
Binance 2023 Year-End Report: 30% Growth in New Users, Launch of New SocialFi and Web3 Products, Enhanced Compliance Capability)
This article is a press release written and provided by Binance. It does not represent the position of the platform, nor does it constitute investment advice, purchase, or sale recommendations. Please refer to the end of the article for the responsibility disclaimer.
Binance, the global blockchain ecosystem with over 172 million users, announced today the highly anticipated Binance Script Market. Integrated into the Binance App’s built-in self-custody wallet, Binance Web3 Wallet, the Script Market provides users with a convenient and user-friendly platform for trading and minting a range of script tokens.
Script tokens refer to fungible tokens that can create digital collectibles on the blockchain, which can be used to store various types of data such as text, images, etc., to create non-fungible tokens (NFTs) and generate decentralized applications (dApps). For example, the recently popular BRC-20 tokens are script tokens minted through the Ordinal protocol on the Bitcoin blockchain.
According to the Binance Research Institute report, the minting volume of script tokens has rapidly increased since the conceptualization of BRC-20 in March 2023.
The Binance Script Market provides users with a variety of rich features to explore script tokens:
– Abundant Choices: Trade or mint BRC-20 tokens, EVM tokens, and other script tokens.
– Convenient Transfers: Script tokens can be easily transferred between the Binance trading platform and the Web3 wallet.
– Quick Transactions: BTC transaction accelerator empowers faster transaction experiences.
Rohit Wad, Chief Technology Officer at Binance, shared, “Through the Binance Script Market, we aim to provide users with an all-in-one portal to explore and experience the benefits of script tokens, supporting industry development. We hope the streamlined process can make the entire user experience simpler and more enjoyable.”
To facilitate users’ easy entry into the world of script tokens, the Binance Script Market has adopted the API of Ordinals and the leading market in the script domain, UniSat. This strategic move brings UniSat’s deep liquidity and a selection of over 60,000 BRC-20 tokens to users while maintaining the simplicity, convenience, and security of the Binance Web3 Wallet.
Lorenzo, the founder of UniSat, shared, “The Binance Script Market is the latest innovative product launched by Binance to continuously promote Web3 accessibility and improve user convenience. Last month, the Binance Web3 Wallet introduced a series of new features, including launching new chains, enhancing interaction choices, and integrating 19 fully-featured decentralized applications (dApps).”
Disclaimer: Binance Web3 Wallet is an opt-in product. It is your responsibility to determine whether the product is suitable for you. Binance is not responsible for your access or use of third-party applications (including features embedded within the Binance Web3 Wallet) and assumes no liability for any compensation related to your use of such third-party applications, including but not limited to any transaction disputes. Please carefully read the Binance Web3 Wallet Terms of Use and always conduct your own research.
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