OKX has announced the launch of Ordinals Launchpad, a platform that allows on-chain creators to launch, write and trade collections directly on the Bitcoin ecosystem.
The main crypto exchange OKX giving orders into the fold by releasing the new Ordinals Launchpad platform for creators who want to launch and write directly on Bitcoin (BTC). The platform provides creators with the tools, publishing and technical support to make the Bitcoin writing process as simple as possible.
According to the official noticethe Ordinals Launchpad platform It can now be accessed via the web or on a mobile device. Users can launch and trade collections directly through the interface. All sales proceeds are sent directly to creator wallets through on-chain arrangements.
OKX uses “SelfScribe” technology that allows collectors to write instantly on chain during minting. SelfScribe removes pre-registration requirements and ensures creators are self-contained about their collections.
The exchange claims that creators get “total control” over the pricing and distribution of their collections, including the option to customize minting cycles using features such as approval list and public sale options.
Ordinals Launchpad applies a 2.5% initiation fee and zero transaction fees for collectors trading on the marketplace. Creators can also list their collections across other major marketplaces after hitting the platform.
The first collection officially released on Ordinals Launchpad is “Geminions” from JRNE, which web 3 a jewelry brand that introduced NFC-enabled authentication of Bitcoin. OKX also noted that trading volume for Ordinals, Runes and BRC-20 clusters on its platform has increased by 50% since November, reflecting an increase in market demand.
Recently, Binance confirmed in a mail that it has stopped its orderly assets, especially the Registration Market. Users can no longer buy or sell writing assets on the exchange, but they can still view their writing assets and transfer them to other wallets. The exchange has stop support for Ordinals from April this year.
