OKX Chief Innovation Officer Jason Lau: Unlocking the Innovative Power of OKX Legends
OKX CEO Jason Lau Publishes Article on the Innovative Power of Tokenization
OKX, a leading cryptocurrency exchange, has announced the launch of ARC-20, SRC-20, Runes, and DRC-20 standards. Following the successful support of the Oridinals protocol’s BRC-20 standard in its Web3 wallet, OKX has become the largest marketplace for BRC20 tokens and BTC NFTs. To further support the development of the Bitcoin ecosystem, OKX will be the first to launch ARC-20, SRC-20, Runes, and DRC-20 standards in response to the demands and interests of its community. In light of this, OKX CEO Jason Lau has published an article titled “Unlocking the Innovative Power of Tokenization” to express his thoughts on the innovative power of tokenization and OKX’s commitment to leading the tokenization ecosystem’s infrastructure development.
Tokenization emerged in early 2023 when users started engraving texts, images, and multimedia on the Bitcoin network. As the crypto community discovered using tokenization as a new method to build and trade new assets such as NFTs and tokens, this innovation quickly became a phenomenon. Many innovative tokenization standards were subsequently developed, attracting significant interest and active participation from the community.
OKX has been a strong supporter of the tokenization ecosystem, enabling developers to quickly and efficiently launch tokens and leading the industry’s trends. By making token issuance easier through engraving, OKX has paved the way for users to explore tokenization without having to build and launch separate protocols. The tokenization trend has exploded and spread from the Bitcoin network to other major blockchains, with initial support for Bitcoin’s BRC-20 protocol and even Dogecoin. Because of this, we have been actively engaging with the community and dedicatedly building products to support the growth of tokenization and the overall growth of crypto assets in the wider Web3 ecosystem.
Our goal is to stay at the forefront of tokenization innovation, and today, I am thrilled to share a significant update on OKX’s industry-leading tokenization products.
In the coming weeks, OKX will expand its offerings to become the largest one-stop ecosystem in the Web3 industry by adding support for the leading tokenization standards, including Atomicals (ARC-20), Stamps (SRC-20), Runes, and Doginals (DRC-20). These standards will enable users to mint, purchase, sell, and trade tokens on the OKX platform. Currently, OKX’s Web3 wallet and marketplace functionality already support token exploration and engraving on 23 mainstream blockchains, including Bitcoin, Polygon, and Ethereum.
Specifically, the OKX Web3 wallet will first integrate Bitcoin’s Atomicals, Stamps, and Runes, as well as Dogecoin’s Doginals standards, allowing users to view and transfer tokens under these standards. In the following weeks, the OKX NFT marketplace will also integrate Doginals and Atomicals standards, enabling users to trade these tokens.
Why is this important? Currently, tokenization exists as “islands” across different blockchain networks and standards, posing significant barriers to user engagement. OKX’s vision has always been to drive adoption by providing simple and user-friendly Web3 products. We have integrated numerous leading tokenization standards in the industry, allowing users to seamlessly experience tokenization, list, purchase, and sell tokens across multiple blockchains on the OKX Web3 wallet, with zero transaction fees.
Furthermore, we are leveraging OKX’s technology and innovative leadership to enhance and set new standards. Our introduced batch minting and automatic verification features further enhance the reliability and functionality of our products. Additionally, OKX’s tokenization hub and tracking tools help users fully learn and delve into the growing ecosystem.
With the powerful new way of tokenization, users can interact and participate with cryptocurrencies better by directly storing data and artwork on the blockchain. OKX users will soon enjoy a new tokenization experience by exploring and participating in dozens of protocols, and we are eager to hear their feedback.
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