OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, has announced an upgrade to its OKX Wallet and NFT Marketplace. The upgrade allows users to view and transfer Bitcoin ordinals, making OKX the first multi-chain platform to support this capability.
Introduced on Jan. 21 this year, Bitcoin Ordinals has revolutionized the way digital assets are stored and managed by enabling them to be inscribed on satoshis (sats), the smallest denomination of Bitcoin. The first three months since its launch have been nothing short of remarkable for Bitcoin Ordinals, with the network recording over 1.05 million inscriptions.
The OKX Wallet now supports BTC taproot addresses on the browser extension and soon mobile, providing access to ordinal capabilities. This means that OKX users can import their BTC wallets and view their Bitcoin ordinals through one powerful and multi-chain wallet, rather than managing them separately via a Bitcoin-only wallet.
This upgrade follows the launch of Bitcoin Punks NFTs on the OKX NFT Marketplace on March 7, which enabled users to buy ordinals with ETH. Soon, users will be able to create, buy, and sell ordinals on the platform with the mint and trade functionality for ordinals on the OKX NFT Marketplace.
Haider Rafique, the OKX Chief Marketing Officer, said that ordinals are an exciting development in the Bitcoin ecosystem. The OKX Wallet is designed to be the most interoperable and easy to use all-in-one crypto wallet. The integration of ordinals in the OKX wallet services is to welcome the ordinals community and give them an easy way to store, manage, and soon mint ordinals within their wallet services.
In his statement, OKX Chief Marketing Officer Haider Rafique emphasized the significance of ordinals in the Bitcoin ecosystem and the company’s commitment to being a leading all-in-one crypto wallet service.
He stated that the OKX Wallet is designed to be the most interoperable and easy to use crypto wallet service, and the integration of ordinals was necessary to welcome the ordinals community.
Rafique also mentioned that OKX had to move fast to give the ordinals community an easy way to store, manage, and soon mint ordinals within their wallet services. He hopes that this integration will attract more people to explore the new utility of ordinals and discover new possibilities on top of Bitcoin.
OKX Chief Innovation Officer Jason Lau, highlighted the company’s excitement towards the recent explosion of activity with Bitcoin ordinals. Lau expressed that OKX is thrilled to provide a seamless experience for users to view and interact with their NFTs across different chains.
By integrating Bitcoin ordinals into their NFT marketplace and wallet service, OKX is providing a one-stop solution for users to manage their digital assets, Jason told AlexaBlockchain in a press statement.
Lau also emphasized the importance of adding support for BTC Taproot addresses in the OKX Wallet. This upgrade will enable cheaper and more compatible transactions for OKX Wallet users. By reducing transaction costs, OKX is providing a more accessible and cost-effective solution to manage digital assets for its users.
Finally, Lau mentioned OKX’s excitement to see the Bitcoin ecosystem grow and expressed the company’s willingness to add more features in the future. With this statement, Lau emphasized the company’s commitment to innovation and providing the best possible services to its users.
As the first multi-chain platform to support the transfer and viewing of Bitcoin ordinals, OKX continues to lead the way in the crypto world. The company’s commitment to providing the most innovative and user-friendly services to its customers is evident in this latest upgrade.