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Binance unveils Inscriptions Marketplace, targets BRC-20 and EVM tokens

Feb. 1, 2024

The new platform enables users to buy, sell, and mint inscription tokens with ease.

Binance launches marketplace for inscriptions

Binance announced today the launch of its Inscriptions Marketplace, a platform dedicated to the trading and minting of a new breed of tokens, including BRC-20 and EVM tokens. This new platform, seamlessly integrated within the Binance Web3 Wallet, is set to support over 60,000 BRC-20 tokens and multiple blockchains via dApps.

Welcome to the #Binance Inscriptions Marketplace.

Your go-to place for all things BRC-20 and inscriptions, built into the #Binance Web3 Wallet.

Find out more 👇

— Binance (@binance) February 1, 2024

In a blog post published today, Binance said that its Inscriptions Marketplace aims to offer a user-friendly interface that simplifies the trading and inscribing process, enabling users to manage their inscriptions on a single platform. Notably, Binance introduced BTC Transaction Accelerator, a new tool designed to speed up Bitcoin transactions, allowing for faster trades and inscriptions.

According to Binance, the marketplace is designed with accessibility and convenience in mind, catering to a diverse range of users, from BRC-20 enthusiasts to novices in the Web3 space. The platform ensures a secure and enjoyable experience, allowing users to move inscriptions between their Web3 Wallet and the Binance exchange easily.

Explaining the reasons behind the launch, Binance highlighted inscriptions’ unique benefits and potential. According to Binance, inscriptions extend the use of blockchains like Bitcoin beyond just being a digital store of value, adding more utility and value. Moreover, this new form of tokenization boosts on-chain activities, enhances network security, and enables transparent token deployment.

To further enhance its marketplace’s capabilities, Binance announced its partnership with UniSat, an open-source wallet for Bitcoin NFTs. Binance’s Inscriptions Marketplace will use UniSat’s API to enhance users’ accessibility to deep liquidity and a broad offering of over 60,000 BRC-20 tokens.

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