In a significant advance for the cryptocurrency ecosystem, OKX has unveiled the Ordinals Launchpad, a dedicated platform designed specifically for creators to launch, inscribe, and trade collections directly on the Bitcoin blockchain. This new service streamlines the Bitcoin inscription process, offering tools and technical support to users eager to enter this expanding digital landscape.
The Ordinals Launchpad allows on-chain creators to launch and trade various collections effortlessly, whether it’s through a web interface or a mobile device. Notably, creators can benefit from immediate access to sales proceeds, which are transferred directly to their wallets using on-chain settlements. This feature enhances the user experience and provides immediate liquidity for content creators.
Utilizing its proprietary SelfScribe technology, OKX enables collectors to inscribe their collections instantly at the point of minting. This innovation not only eliminates the need for pre-inscription requirements but also ensures that creators maintain complete control over the pricing and distribution of their assets. They have the flexibility to tailor their minting rounds with options for allowlist and public sales.
- Launch fee: 2.5%
- Zero trading fees for collectors
Further, creators can list their collections on other major marketplaces after minting on the Ordinals Launchpad, fostering greater exposure and opportunities for monetization. The first collection to debut on the platform is called Geminions, developed by JRNE, a pioneering Web3 jewelry brand that integrates NFC-enabled authentication technology on the Bitcoin blockchain.
The announcement comes at a time when OKX reports a 50% increase in trading volume for Ordinals, Runes, and BRC-20 collections since November, indicating a growing demand in the market. This is particularly significant as competitors like Binance have recently halted support for Ordinals, providing a favorable landscape for OKX’s new offering.
As the Web3 revolution continues, platforms like the Ordinals Launchpad position themselves at the forefront, empowering creators and collectors alike while ensuring the integrity and uniqueness of their digital assets. The combination of technical innovation and user-friendly features marks a pivotal moment in the Bitcoin ecosystem.
