Ethereum

Bitcoin

Quick take: 
<ul> 
 <li>The Binance Inscriptions marketplace will allow users to buy, sell, or inscribe BRC-20 tokens, and EVM tokens, among other inscription tokens.</li> 
 <li>Users will also be able to transfer inscriptions between the Binance exchange platform and Web3 Wallet.</li> 
 <li>And use BTC Transaction Accelerator to enjoy fast transaction speeds.</li> 
</ul> 
Binance has unveiled its anticipated Binance Inscriptions Marketplace on the Bitcoin blockchain. The crypto exchange company announced Thursday that the platform will allow users to to buy, sell, and mint inscription tokens using the self-custody Binance Web3 Wallet within the Binance app. 
This unveiling comes eight months after Binance first <a href="https://www.nftgators.com/binance-nft-joins-the-bitcoin-ordinals-nfts-bandwagon/">announced</a> it was launching a Bitcoin-based <a href="https://www.nftgators.com/best-nft-marketplaces/">NFT marketplace</a> in May 2023. The company had previously integrated Ethereum and Polygon-based NFTs, further expanding its ecosystem. 
Commenting on Binance Inscriptions Marketplace unveiling, Rohit Wad, Binance’s Chief Technology Officer, said in a <a href="https://www.binance.com/en/feed/post/2024-02-01-binance-unveils-inscriptions-marketplace-amplifying-access-to-web3-via-binance-web3-wallet-3525861445585">statement</a>: “Binance is heartened by the appeal and traction that inscription technology has garnered from the global crypto community. We aim to drive innovation by collaborating with industry leaders, blending convenience with cutting-edge technology for all users.” 
Binance also announced a strategic partnership with the Ordinals project UniSat, giving its users access to UniSat’s liquidity depth and over 60,000 BRC-20 token offerings.&nbsp; 
Users will be able to buy, sell, or inscribe BRC-20 tokens, and EVM tokens, as well as, transfer inscriptions between the Binance exchange platform and Web3 Wallet. They will also be able to leverage the BTC Transaction Accelerator to enjoy fast transaction speeds. 
Lorenzo, Director at UniSat commented: “We are honoured to assist Binance with their Inscriptions Marketplace. Our shared commitment toward innovation will fuel industry growth and inspire more developers and crypto enthusiasts to explore inscription assets.” 
Bitcoin Ordinal inscriptions have become some of the most popular cryptocurrency products over the past twelve months. Like <a href="https://www.nftgators.com/what-is-an-nft/">NFTs</a>, Inscriptions allow users to create digital artefacts on the blockchain. BRC-20 tokens, minted via the Ordinal protocols on the Bitcoin blockchain, have become some of the most sought-after inscription tokens. 
As of February 1, 2024, Ordinals Inscriptions volume surpassed $1.9 billion, according to the Dune Analytics dashboard prepared by Domo. 
<figure class="wp-block-image size-large">
 <img fetchpriority="high" decoding="async" width="1024" height="395" src="https://www.nftgators.com/wp-content/uploads/2024/02/Ordinals-Marketplace-data-1024x395.jpg" alt="" class="wp-image-13376" srcset="https://www.nftgators.com/wp-content/uploads/2024/02/Ordinals-Marketplace-data-1024x395.jpg 1024w, https://www.nftgators.com/wp-content/uploads/2024/02/Ordinals-Marketplace-data-300x116.jpg 300w, https://www.nftgators.com/wp-content/uploads/2024/02/Ordinals-Marketplace-data-768x296.jpg 768w, https://www.nftgators.com/wp-content/uploads/2024/02/Ordinals-Marketplace-data-380x147.jpg 380w, https://www.nftgators.com/wp-content/uploads/2024/02/Ordinals-Marketplace-data-550x212.jpg 550w, https://www.nftgators.com/wp-content/uploads/2024/02/Ordinals-Marketplace-data-800x309.jpg 800w, https://www.nftgators.com/wp-content/uploads/2024/02/Ordinals-Marketplace-data-1160x447.jpg 1160w, https://www.nftgators.com/wp-content/uploads/2024/02/Ordinals-Marketplace-data.jpg 1325w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
 Source: Dune Analytics/Domo
 </figcaption>
</figure> 
The marketplace has registered nearly 1.8 million trades and boasts over 370k users to date. OKX Bitcoin NFT marketplace has dominated sales over the past 90 days. 
**** 
Stay up to date: 
Subscribe to our newsletter using&nbsp;<a href="https://nftgators.substack.com/" target="_blank" rel="noreferrer noopener">this link</a>&nbsp;– we won’t spam! 
<ul> 
 <li><a href="https://news.google.com/publications/CAAqBwgKMKqZrgswt6TGAw?hl=en-US&amp;gl=US&amp;ceid=US%3Aen" target="_blank" rel="noreferrer noopener">Google News</a></li> 
 <li><a href="https://twitter.com/NFTgators">Twitter</a></li> 
 <li><a href="https://t.me/NFTgatorsNews">Telegram</a></li> 
 <li><a href="https://www.linkedin.com/company/nftgators/">LinkedIn</a></li> 
 <li><a href="https://facebook.com/NFTgators-103707808818830">Facebook</a></li> 
 <li><a href="https://www.tiktok.com/@nftgators">TikTok</a></li> 
</ul> 
The post <a href="https://www.nftgators.com/binance-inscriptions-marketplace-debuts-on-bitcoin-blockchain/">Binance Inscriptions Marketplace Debuts on Bitcoin Blockchain</a> appeared first on <a href="https://www.nftgators.com">NFTgators </a>.

Binance Inscriptions Marketplace Debuts on Bitcoin Blockchain

NFTgators

Other articles published on Feb 1, 2024

Crypto Market Monthly Report: In-Depth Market Overview Of January

The Biggest Crypto Predictions for February 2024

Celsius Network ‘Emerges’ From Bankruptcy, Allocates Billions Back to Creditors

Binance Navigates Regulatory Hurdles in UK Market Comeback Attempt

Are there signs of a Bitcoin ETF hangover? This analyst thinks…

Hex Trust Forges Ahead with XRP Ledger Integration

Join our free newsletter for daily crypto updates!