Binance Web3 Wallet Creates Bitcoin Inscriptions Market

A complete platform for users to inscribe and trade inscriptions, including Bitcoin BRC-20 tokens such as ORDI, has been made available by Binance, the largest cryptocurrency exchange in the world, which has announced the opening of an in-app Inscriptions Marketplace.

It was mentioned in the release that "The Inscriptions Marketplace was designed with accessibility and convenience in mind during its development." It offers a safe and pleasurable experience to everyone, from those who are already familiar with Web3 to those who are just starting out with BRC-20.

"The introduction of the Inscriptions Marketplace is a welcome development for Binance Web3 Wallet, as it enhances the journey that users take through the decentralized web with its assortment of features as a result of its introduction."

By providing a user-friendly interface within the Binance Web3 Wallet, the Binance Inscriptions Marketplace makes it possible for users to inscribe and exchange inscriptions, such as BRC-20 tokens and Ethereum Virtual Machine tokens, in a seamless manner.

In the context of the Bitcoin blockchain, the BRC-20 token standard is a novel token standard for fungible tokens. In contrast to Ethereum's ERC-20 tokens, which make use of smart contracts, BRC-20 tokens make use of Ordinals inscriptions.

Ordinals inscriptions is a technology that enables data to be written on individual satoshis, which is the lowest denomination on the Bitcoin blockchain.

Binance, along with other platforms such as OKX, is now supporting the new token standard, which is contributing to the growing popularity of BRC-20 tokens. 

However, despite having fallen from its all-time high of $87, ORDI, which is the most expensive BRC-20 coin by to market cap, is currently placed 57th. According to statistics provided by CoinMarketCap, it is now trading at a price of $57.97.

Keep an eye out for more updates!