This platform allows creators to create collections, write and trade directly on Bitcoin. With Ordinals Launchpad, OKX aims to enable creators to reach a wider audience and transact more efficiently in the Bitcoin ecosystem.

Ordinals Launchpad offers a comprehensive set of tools for creators, making collection launch processes easier and more accessible. According to the official announcement, the platform can be accessed both on the web and on mobile devices.

Through this platform, users can start their collections, put them on sale and transfer the sales proceeds directly to their wallets. All transactions are secured by on-chain consensus.

One of the most striking features of the platform is the “SelfScribe” technology, which accelerates and facilitates the writing process of collectors. SelfScribe allows collections to be written instantly on-chain during minting.

This technology simplifies processes by eliminating the need for prior authoring and gives creators full control over their collections. Thanks to this innovation, creators can tailor the pricing and distribution of their collections entirely to their own preferences.

While Ordinals Launchpad charges a 2.5% launch fee for creators, it does not charge any fees for trading on the platform. This makes the platform especially attractive for new and independent creators. Additionally, creators can reach a wider audience by listing the collections they mint on the platform on other major marketplaces.

The first collection introduced on the platform was the “Geminions” collection of a Web3 jewelry brand called JRNE. JRNE uses NFC-supported authentication technology on Bitcoin to increase the security of its collections.

OKX stated that trading volume of Ordinals, Runes and BRC-20 collections on the platform has increased by 50% since November, reflecting the growth in market demand.

Ordinals Launchpad brings together the tools and support creators need to promote their collections and reach a wide audience. The platform attracts attention with its user-friendly interface and innovative technologies. With this new initiative, OKX aims to create a significant resource for creators in the Bitcoin community.

In addition to these developments, Binance announced that it has stopped supporting Ordinals as of April 2024. Binance has terminated the Inscription Market, announcing that users will no longer be able to buy and sell inscription assets.

However, users can continue to view these assets and transfer them to other wallets. This decision by Binance shows that the platform is moving away from the Bitcoin Ordinals ecosystem in its future strategies.

OKX’s Ordinals Launchpad move is considered an important turning point for the Bitcoin ecosystem. The platform allows creators to manage their collections more freely and independently, while simplifying the trading and writing processes on Bitcoin.

With increasing market demand, Ordinals Launchpad is expected to continue creating new opportunities for the Bitcoin community. OKX aims to add value to the Bitcoin ecosystem with the innovative features of this platform.