OKX Chief Innovation Officer Jason Lau: Unleashing the Innovative Power of OKX Manifesto

OKX Chief Innovation Officer Jason Lau: Unleashing the Innovative Power of OKX Manifesto

OKX Chief Innovation Officer Jason Lau: Unleashing the Innovative Power of OKX Manifesto

OKX Web3 Wallet, after becoming the first wallet to support the Oridinals protocol’s BRC-20 standard, has developed into the largest BRC20 token and BTC NFT trading market. In order to support the development of the Bitcoin ecosystem together with the community users, OKX will once again be the first to launch the ARC-20, SRC-20, Runes, and DRC-20 standards, responding to the attention and demands of a wide range of users. In this regard, Jason Lau, Chief Innovation Officer of OKX, has published an article titled “Unlocking the Innovation Power of OKX Tokens,” expressing his thoughts on the innovation power of token markets and OKX’s determination to continue leading the development of token ecosystem infrastructure.

Here is the full content of Jason Lau, Chief Innovation Officer of OKX:
Tokens were born in early 2023 when users began to engrave text, images, and multimedia on the Bitcoin network. As the crypto community discovered the use of tokens to create and trade new assets (such as NFTs and tokens), this innovation quickly became a phenomenon. Subsequently, many innovative token standards emerged, attracting a lot of interest and active participation from the community users.

OKX is a strong supporter of the token ecosystem, enabling developers to quickly and efficiently launch tokens and leading the industry’s development trends. By making token issuance easier through engraving, OKX paves the way for users to explore tokenization without having to build and launch separate protocols. The token frenzy has exploded and spread from the Bitcoin network to other major public chains, starting from the initial Bitcoin BRC-20 protocol to even later Dogecoin supporting tokens. It is because of this that we have actively interacted with the community and focused on building products to support the growth of tokens and the overall growth of encrypted assets in the broader Web3 ecosystem.

Our goal is to stay at the forefront of token innovation. Today, I am pleased to share the major updates of OKX’s industry-leading token products. In the coming weeks, OKX will further expand its suite of offerings to become the largest one-stop ecosystem in the Web3 industry by adding support for four leading token standards: Atomicals (ARC-20), Stamps (SRC-20), Runes, and Doginals (DRC-20). These tokens will be used for minting, purchasing, selling, and trading tokens. The current OKX Web3 Wallet and market functionalities already support token exploration and engraving on 23 mainstream public chains, including Bitcoin, Polygon, and Ethereum networks.

Among them, the OKX Web3 Wallet will first integrate Bitcoin’s Atomicals, Stamps, and Runes, as well as Dogecoin’s Doginals standard, allowing users to view and transfer tokens under these standards. In the following weeks, the OKX NFT market will also integrate Doginals and Atomicals standards, enabling users to trade these tokens.

Why is this important? Currently, tokens are like “islands” between different blockchain networks and standards, which poses a significant participation barrier for most users. OKX’s vision has always been to drive adoption among more users through simple and user-friendly Web3 products. We have integrated numerous leading token standards in the industry, and through the OKX Web3 Wallet, a one-stop platform, users can seamlessly experience tokenization, listing, purchasing, and selling tokens on multiple blockchain networks, with zero transaction fees.

In addition, we are leveraging OKX’s technology and innovative leadership to enhance and set new standards. The batch minting and automatic verification features we have introduced further enhance the reliability and functionality of the product. At the same time, OKX’s token section and token tracking tools can help users fully learn and explore the growing ecosystem.

With the powerful new way of tokens, users can interact and participate in cryptocurrencies better by storing data and artworks directly on the chain. OKX users will soon enjoy a new token experience in dozens of protocols, and we are eager to hear their feedback.

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