OKX Chief Innovation Officer Jason Lau has published a special article expressing his thoughts on the innovation power of the tokenization market and OKX’s determination to continue leading the development of the tokenization ecosystem.
(Background:
OKX Tokenization Tool Beginner’s Guide》Supports Batch Minting on 22 Chains, What are the Security Risks?
)
This article is a sponsored article written and provided by OKX, and does not represent the views of the platform, nor does it provide investment advice, purchase or sale recommendations. Please see the end of the article for the disclaimer.
Following the support of the Oridinals protocol’s BRC-20 standard, OKX’s Ordinals market has become the largest BRC-20 token and BTC NFT trading market.
To support the development of the Bitcoin ecosystem together with the community users, OKX will once again 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 response to this, OKX Chief Innovation Officer Jason Lau has specially published the article “Unlocking the Innovation Power of OKX Tokenization” to express his thoughts on the innovation power of the tokenization market and OKX’s determination to continue leading the development of the tokenization ecosystem.
Here is the full content of the article by OKX Chief Innovation Officer Jason Lau:
Tokenization 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 tokenization to build and trade new assets such as NFTs and tokens, this innovation quickly became a phenomenon. Since then, many innovative tokenization standards have emerged, attracting a large number of community users’ interest and active participation.
OKX is a strong supporter of the tokenization ecosystem, enabling developers to quickly and efficiently launch tokens and leading industry trends. By making token issuance easier through tokenization, we have paved the way for users to explore tokenization without having to build and launch separate protocols. The tokenization frenzy has exploded and spread from the Bitcoin network to other major public chains, starting with the initial Bitcoin BRC-20 protocol and even supporting tokenization of Dogecoin. Because of this, we have been actively engaging with the community and devoting ourselves to building products that support the growth of tokenization and the overall growth of encrypted assets in the broader Web3 ecosystem.
Our goal is to be at the forefront of tokenization innovation, and today I am pleased to share a major update to OKX’s industry-leading tokenization products.
In the coming weeks, OKX will further expand its position as the largest one-stop ecosystem in the Web3 industry by adding support for Atomicals (ARC-20), Stamps (SRC-20), Runes, and Doginals (DRC-20), four leading tokenization standards, 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 the Ethereum network, 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 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, tokenization is like a series of “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 through easy-to-use Web3 products. We have integrated numerous leading tokenization standards in the industry. Through the OKX Web3 wallet, a one-stop platform, users can seamlessly experience tokenization, 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. The batch minting and automatic error-checking features we have introduced further enhance the reliability and functionality of the product. At the same time, OKX’s tokenization zone and tokenization tracking tools help users fully learn and explore the growing ecosystem.
With the powerful new way of tokenization, users can store data and artwork directly on the chain, thereby better interacting and participating in cryptocurrency. OKX users will soon enjoy a new tokenization experience by exploring and participating in dozens of protocols, and we can’t wait to hear their thoughts.
__
Sponsored Content Disclaimer: The content of this article is provided by the contributor and does not have any relationship with the platform. The article does not intend to provide any investment, asset advice, or legal opinion, nor should it be considered as an offer to buy, sell, or hold assets. Any services, programs, or tools mentioned in the sponsored content are for reference only, and the actual content or rules will be subject to the announcement or explanation by the contributor. The platform is not responsible for any potential risks or losses and reminds readers to conduct their own careful verification before making any decisions or actions.
Related Reports
Reviewing OKX in 2023: OKB Up 108% for the Year, Web3 Wallet Users Increased by 98%
OKX Ventures 2024 Outlook: Key Projects and 7 Big Predictions
Summer of Tokenization: 15 Images Reflecting the Pandora’s Box of Ordinals Opening up the BTC Ecosystem