On December 20th, OKX announced the launch of the ‘Ordinals Launchpad,’ which is an all-in-one platform that enables creators to start, inscribe, and exchange collections directly on Bitcoin.
While giving creators the resources, exposure, and assistance they need to create vibrant communities, the platform streamlines the technical difficulties of Bitcoin inscriptions.
OKX’s Ordinals Launchpad Changes the Game for Creators
In order to enable artists to create, inscribe, and exchange collections directly on Bitcoin, OKX announced the introduction of our Ordinals Launchpad, an all-in-one platform.
‘Geminions,’ the first Ordinals collection from JRNE, a community-driven Web3 jewelry business that pioneered NFC-enabled authentication on Bitcoin, marks the platform’s formal premiere.
The platform, which is now accessible on mobile and web, blends a smooth user experience with necessary creator tools.
What Features Will The Launchpad Have?
OKX aims to deliver a smooth and secure experience for users with the launchpad. According to the official announcement, ‘SelfScribe’ technology, which is industry-leading, will be embeded in the launchpad and will allow collectors to inscribe directly onchain at the moment of mint.
This will remove the need for pre-inscription and guaranteeing true self-custody right away with no technical expertise required.
Additionally, the unified creation and trading will help the creators to use a single interface to inscribe, launch, and trade straight onchain. Also the launchpad will have post-mint listing capabilities across key marketplaces.
The creator fees has been set at 2.5% of launch fees, which maximize creator revenue by providing the lowest prices among competitors.
Launchpad Sees Debut From Creators
JRNE, a community-driven Web3 jewelry brand that pioneered NFC-enabled authentication on Bitcoin, makes its formal platform debut with ‘Geminions,’ the first Ordinals collection.
This shows how well-known businesses can contribute their innovative ideas to the Bitcoin ecosystem. This rollout coincides with the platform’s Marketplace’s Ordinals, Runes, and BRC-20 collections seeing a 50% rise in trading volume since November 6, indicating rising market interest.
According to OKX “Building on our significant market share in BRC-20, Ordinals and Runes, our Wallet continues to lead Bitcoin innovation as one of the first major platforms to embrace these emerging token standards.”
The platform adds, “As an early adopter and innovator in the Bitcoin ecosystem, we continue to expand our offerings with ‘Ordinals Launchpad,’ complementing our recently launched ‘Creators Collective’ – an invite-only community fostering collaboration among builders, curators, and artists.”
OKX Previous Deal
On November 27, cryptocurrency exchange OKX signed an agreement with Forteus and Komainu, based in Dubai, to offer improved trading and custody services.
According to the official statement, diversified digital asset management firm Forteus and regulated digital asset custody service provider Komainu have inked a three-way contract with bitcoin exchange and on-chain technology supplier OKX.
As a result of this collaboration, Komainu will have independent custody of its assets, while Forteus will have 24/7 trading access on the OKX platform.