NFT
A revolutionary wave is sweeping through the cryptocurrency realm as Bitcoin rankings are redefining digital asset management. Bringing a new sense of excitement to the NFT arena with digital art stored on the Bitcoin blockchain, countless crypto platforms are racing to embrace this robust innovation and establish their dominance within the industry. In a recent development, OKX Wallet is making waves in the crypto world as the first multi-chain platform that enables viewing and transferring Bitcoin rankings, taking digital asset management to a whole new level.
OKX meets the hyped Bitcoin order
OKX, a leading Web3 technology company and the second largest crypto exchange by trading volume, has taken a major step forward by upgrading its OKX Wallet and NFT Marketplace. This enhancement will allow users to view and transfer Bitcoin (BTC) ordinal numbers, positioning OKX as the first multi-chain platform to offer such support.
The OKX wallet now accommodates BTC taproot addresses via the browser extension, with mobile support coming soon, unlocking access to Bitcoin’s ordinal functionality. This innovative upgrade allows OKX users to seamlessly import their BTC wallets and explore their Bitcoin rankings within a single, powerful multi-chain wallet, rather than managing them separately with a dedicated Bitcoin-only wallet .
Following the exciting launch of Bitcoin Punks NFTs on the OKX NFT Marketplace on March 7, users were given the option to buy ordinal numbers with ETH. In the near future, OKX will introduce coin and ordinal trading functionality to its NFT Marketplace, allowing users to not only create ordinal numbers, but also buy and sell them directly on the platform. This upcoming expansion is poised to improve the user experience and further solidify OKX’s position as a pioneer in the rapidly evolving world of Bitcoin counts.
Bitcoin Ordinals is blowing up the NFT space
The fast-growing Bitcoin NFT market, which is still in its infancy, has experienced explosive growth, with charts reflecting skyrocketing new registrations and trading costs. Data from Ordinals Global shows that the top 30 Bitcoin NFT Ordinals collections have accumulated more than 2,807 Bitcoin in total sales volume, amounting to more than $76 million at current rates.
Miners have received more than $5 million in fees and the market has already surpassed 1.6 million subscriptions. This surge in Bitcoin Ordinals NFT activity coincides with a noticeable drop in Ethereum NFT market volume, which appears to be on the verge of a downturn.
OKX Chief Marketing Officer Haider Rafique commented: “Ordinals is an exciting development in the Bitcoin ecosystem. The OKX Wallet was designed to be the most interoperable and user-friendly all-in-one crypto wallet. This meant we had to act quickly to welcome the ordinals community and provide them with an easy way to store, manage and soon store ordinals within our wallet services I hope this integration helps to get more people playing with this new utility and new discover possibilities on top of Bitcoin.”
Ordinal Theory introduces a unique numbering system that assigns a specific number to each Satoshi (or sats, representing 1/100,000,000 of a whole Bitcoin) for tracking and transfer purposes. These assigned numbers are known as ordinal numbers.
Ordinals are numbered in the order they are mined, and this innovative approach allows digital assets such as NFTs and stablecoins to be linked to a particular Ordinal.
OKX Chief Innovation Officer Jason Lau said, “We have been monitoring the explosion of activity with Bitcoin rankings and we are excited to provide a seamless experience for users to see and interact with their NFTs across chains. In addition, adding support for BTC Taproot addresses will enable cheaper and more compatible transactions for OKX Wallet users. We are excited to see the Bitcoin ecosystem grow and look forward to adding even more features.”
By taking the lead in Bitcoin ranking adoption, OKX Wallet has demonstrated its commitment to delivering promising solutions and staying ahead of the game in the crypto space.
