KEY TAKEAWAYS
- OKX launches the ‘Ordinals Launchpad’ to simplify Bitcoin inscriptions for creators, enhancing their ability to launch and trade collections.
- The platform integrates ‘SelfScribe’ technology, allowing direct on-chain inscription, eliminating pre-inscription requirements.
- Creators benefit from competitive fees and a creator-first payment flow, ensuring full control over pricing and distribution.
- The debut collection ‘Geminions’ showcases NFC-enabled authentication, highlighting Bitcoin’s potential for established brands.
OKX has announced the launch of its ‘Ordinals Launchpad,’ a comprehensive platform designed to empower creators to launch, inscribe, and trade collections directly on Bitcoin. The platform aims to simplify the technical complexities associated with Bitcoin inscriptions, offering creators the necessary tools, visibility, and support to build thriving communities.
The launch comes at a time when Bitcoin has recently surpassed $108,000, and Ordinals have exceeded 72 million inscriptions. This growing interest in Bitcoin as a storytelling medium has prompted creators to explore its potential. The ‘Ordinals Launchpad’ seeks to capitalize on this momentum by removing traditional barriers to entry while upholding Bitcoin’s decentralized principles.
Key Features of the Ordinals Launchpad
The platform, available on both web and mobile, integrates essential creator tools with a seamless user experience. It features industry-leading ‘SelfScribe’ technology, allowing collectors to inscribe directly on-chain at the time of mint. This eliminates pre-inscription requirements and ensures true self-custody from the outset, requiring no technical knowledge.
Additionally, the platform offers unified creation and trading capabilities, enabling creators to inscribe, launch, and trade directly on-chain through a single interface. It also supports multi-marketplace integration, allowing listings across major marketplaces post-mint. Competitive creator fees are set at 2.5%, the lowest among competitors, maximizing creator revenue, while zero trading fees are applied for collectors trading on the marketplace post-mint.
Creators benefit from a creator-first payment flow, with all proceeds going directly to their wallets through on-chain settlement. This gives creators complete control over pricing and distribution. Flexible launch mechanics allow customization with options for allowlist and public sales. The platform also offers global marketing reach, providing exposure through extensive social media presence and marketing support.
Debut Collection and Market Impact
The platform’s official debut features ‘Geminions,’ the first Ordinals collection from JRNE, a community-driven Web3 jewelry brand. This collection pioneers NFC-enabled authentication on Bitcoin, showcasing how established brands can bring their creative vision to Bitcoin’s ecosystem. The launch coincides with a 50% increase in trading volume for Ordinals, Runes, and BRC-20 collections on the OKX Marketplace since November 6, indicating growing market demand.
Building on its significant market share in BRC-20, Ordinals, and Runes, OKX continues to lead Bitcoin innovation. The ‘Ordinals Launchpad’ complements the recently launched ‘Creators Collective,’ an invite-only community fostering collaboration among builders, curators, and artists. Upcoming drops will be available on the Drops Bitcoin ecosystem page ahead of the mint date.
For more information, visit the official announcement here.
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