OKX has launched the Ordinals Launchpad, a new platform that allows on-chain creators to launch, inscribe, and trade collections directly within the Bitcoin ecosystem. This initiative marks a significant step in integrating Ordinals into the broader crypto space, offering creators essential tools, technical support, and exposure to simplify the Bitcoin inscription process.
Accessible both via web and mobile, the Ordinals Launchpad enables creators to launch and trade their collections seamlessly. Sales proceeds are directly transferred to creator wallets through on-chain settlements.
The platform features OKX’s innovative SelfScribe technology, which allows creators to instantly inscribe collections on-chain at the time of minting. This feature eliminates the need for pre-inscription steps, ensuring that creators maintain full control and self-custody over their collections.
Creators are given complete autonomy over the pricing and distribution of their collections, with options to customize minting rounds using features like allowlists and public sale options. The platform charges a 2.5% launch fee, but collectors pay no trading fees on the marketplace. Additionally, creators can list their collections on other major marketplaces after minting on the Ordinals Launchpad.
The first collection to debut on the platform is “Geminions”, created by Web3 jewelry brand JRNE, which integrates NFC-enabled authentication on Bitcoin. OKX also reported a 50% increase in trading volume for Ordinals, Runes, and BRC-20 collections on their platform since November, indicating rising demand.
In contrast, Binance recently announced the discontinuation of its Ordinal assets and Inscription Market, halting support for Ordinals since April 2024. Although users can no longer buy or sell inscription assets on the exchange, they can still view and transfer them to other wallets.
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