OKX Adds BTC Ordinals Support: Reviving the NFT Market

• OKX is the first multi-chain platform to offer viewing and transfer of Bitcoin Ordinals in its wallet and NFT Marketplace.
• The Taproot improvement to the Bitcoin protocol has enabled Bitcoin to have its own unique digital signature, allowing for the creation of Ordinals.
• OKX Wallet’s browser extension now supports Bitcoin taproot addresses, with a mobile version forthcoming.

OKX Adds Bitcoin Ordinals Support

OKX is a cryptocurrency exchange that recently added support for viewing and transferring Bitcoin ordinals in their OKX Wallet and NFT Marketplace. This makes them the first multi-chain platform to do so. The “Taproot” improvement to the Bitcoin protocol in 2021 made it possible for Bitcoin to have its own unique digital signature, which allowed for the creation of ordinals. As such, they surged in popularity and helped revive both the NFT market and Bitcoin miners after a difficult bear market.

Bitcoin Taproot Addresses Supported

The OKX Wallet’s browser extension now supports Bitcoin taproot addresses, with a mobile version being released soon. Customers can now import their BTC wallets into a single wallet and monitor their bitcoin ordinals from there instead of having multiple wallets open at once as was previously necessary when dealing with bitcoin transactions.

The Okx Team On Integration

Haider Rafique, Chief Marketing Officer for OKX stated: “We had to move fast to welcome the ordinals community and give them an easy way to store, manage, and soon mint ordinals within our wallet services. I hope this integration helps bring more people in to play with this new utility and discover new possibilities on top of Bitcoin.”

Bitcoin Punks NFTs On Okx Nft Marketplace

Last month saw the debut of ‘Bitcoin Punks’ NFTs on OKX’s NFT Marketplace which allowed customers to pay using ETH tokens for their ordinals. This further helped boost interest in both crypto traders and investors alike who were eager to explore what else could be done with these new assets on offer through blockchain technology.

Conclusion

The addition of support for bitcoin ordinal transfers on OKX is yet another example of how blockchain technology is revolutionizing traditional markets as well as providing new opportunities for those looking invest or trade cryptocurrencies online safely without having any prior experience or knowledge about such matters beforehand. With more platforms supporting these types of innovative features, it could become easier than ever before not just make money but also create new businesses built entirely around blockchain technologies like Ethereum or even Tron!