Web3 leader OKX introduces ARC-20, SRC-20, and other standards, enhancing its wallet and launching a dedicated marketplace.
OKX, a prominent player in the Web3 technology sector, is making significant strides in expanding its platform's capabilities by introducing support for a variety of inscription token standards. These standards include Atomicals (ARC-20), Stamps (SRC-20), Runes, and Doginals (DRC-20), which are set to be integrated into OKX's Web3 Wallet and an upcoming marketplace.
Inscriptions are a novel form of digital asset that are recorded directly on the blockchain, in contrast to Non-Fungible Tokens (NFTs) that typically link to external files. This method of on-chain recording is seen as a more durable and innovative approach for creators in the Web3 space. Inscription tokens can represent a wide range of digital assets, from artwork and collectibles to virtual real estate and beyond.
The integration of these new standards will begin with Stamps (SRC-20) on February 5, followed by Atomicals (ARC-20), Doginals (DRC-20), and Runes later in the month. This phased approach will allow users to gradually familiarize themselves with each new token standard as it becomes available on the OKX platform.
Alongside the integration of these inscription standards, OKX is set to launch a dedicated marketplace. This marketplace will cater to the trading and exchange of these digital assets, providing a robust environment for the adoption and growth of Web3 technologies. OKX is positioning itself as a leader in the inscriptions ecosystem by offering zero-fee trading across multiple blockchains, which is expected to attract a wide user base and stimulate the Web3 economy.