铭文浪潮起，多链聚合平台OKX NFT市场为何脱颖而出？
Inscription exploded, and Bitcoin expanded from a peer-to-peer electronic cash system to the most valuable NFT infrastructure.
Most of the early NFT projects that tried to be built on the Bitcoin network ended in failure due to being tied up in basic doctrines and the settings of the peer-to-peer electronic cash system. Fortunately, Ethereum perfectly took over the NFT narrative, started the grand NFT Summer wave, and further catalyzed it. The integration of Web3 and the real economy is accelerating. But the first NFT wave eventually came to an abrupt end with the advent of the bear market and fell into a long silence. As time goes by, bulls and bears alternate, the NFT market enters a recovery channel, and the positioning of Bitcoin NFT and Ethereum NFT also ushered in a two-level reversal.
After the Bitcoin Taproot upgrade and Segwit expansion, more data can be stored on the chain. Ordinals were created by Casey Rodarmor. By numbering the Satoshi, the smallest unit of Bitcoin, and writing text, pictures, videos and other data, NFT assets The minting, transfer and destruction can be completed in the SATS transaction, and the inscription narrative officially opens the curtain of the bull market.Compared with Ethereum NFTs, Bitcoin NFTs are directly stored on the chain. The distribution mechanism is fair, decentralized and more secure, and they are empowered with higher value brought by the Bitcoin network.However, the Bitcoin network does not have the Turing-complete smart contract function of Ethereum, so Bitcoin NFT does not support complex custom settings and has limited storage space. But in any case, the Bitcoin ecosystem has completed its development and is moving towards NFT infrastructure. During the hot period, the 24-hour trading volume of BTC NFT once exceeded the trading volume of Ethereum ETH.
With the innovation of Bitcoin NFT and inscription narrative, the NFT market landscape is also changing with each passing day.The OKX NFT market was the first to respond to user needs and launched the OKX Ordinals market, quickly occupying the market.According to Dune data, on January 30, OKX Ordinals accounted for 89.3% of the market, and the total transaction volume exceeded US$1 billion, becoming the industrys largest BRC 20 inscription and BTC NFT trading market. In addition, the OKX NFT market will also integrate standards such as DRC-20 and ARC-20 at the end of February, continuing to lead the construction of Bitcoin Inscription ecological infrastructure. Not only that, in addition to Bitcoin inscriptions, the OKX NFT market has also supported Aptos and Solana ecological inscriptions, etc., which are accelerating their rise in the NFT market.
Since the inscription narrative, NFT users’ attention has shifted from Ethereum to Bitcoin
Blue-chip projects such as BAYC, Azuki, and CryptoPunks that once dominated the NFT market failed to carry their excessive value for a long time, and eventually returned to the mean in the bear market washout. The typical NFT narratives such as PFP, art, or rights advocated by it have become old talk. At the same time, the NFT markets one super, many strong pattern has also quietly changed. Some leading NFT platforms stick to the old rules, and some emerging NFT platforms have suddenly emerged, each seeking change in the turbulent market changes.
In 2023, the Bitcoin inscription narrative detonated the market. NFT users’ attention shifted from Ethereum to Bitcoin, and market capital flows became active. Bitcoin Frogs, the leading Bitcoin NFT project, has surpassed the Ethereum NFT leader BAYC in single-day trading volume many times, and has Communities spark a bottom-up movement to “redefine equity.” However, Bitcoin’s backward infrastructure cannot make up for the gap in user demand. As a platform with technological accumulation and innovation drive,OKX NFT was the first to be launched on the Ordinals market, responded to user needs immediately, and achieved exponential user growth. According to Dune data, as of January 30, its Ordinals market had 138,704 users, accounting for 89.3% of the market, and its total transaction volume exceeded US$1 billion, ranking first in the industry.
The OKX Ordinals market is completely decentralized, free of platform service fees for interaction, and supports multiple functions such as one-stop transfer, transaction, and engraving of BRC-20 and BTC NFT. It has also launched a powerful inscription tool that supports batch engraving of users single signatures. ,BTC network engraving can engrave 1,200 transactions at a time, and EVM network engraving can automatically engrave 50 transactions at a time. Users can choose text mode or hexadecimal mode, engrave single text or multiple texts in batches on 23 public chains of BTC and mainstream EVM, and send user transactions automatically. It can be used for free without importing private keys, making it safer and more convenient. . In addition to batch engraving, the OKX Ordinals market also supports users batch purchase and batch transfer functions. BRC-20 inscriptions and BTC NFT can be purchased at the same time, and a single transaction purchase supports up to 10 orders, saying goodbye to tedious steps and improving transaction efficiency.
Bitcoin NFT casting fees are related to data size and casting speed. In order to solve the two major problems of expensive and blocked users interactions on the Bitcoin chain,The OKX Ordinals market also optimizes the UTXO spending sequence to further reduce user GAS. During the users order placement and purchase processes, it also uses methods such as encrypting PSBT signatures, disabling RBF transactions, and server-side broadcasting to prevent users from being stuck with low GAS malicious orders.In terms of UTXO management, the OKX Ordinals market supports the function of preventing valid UTXO spending and intelligently canceling invalid UTXO. The platform can automatically identify worthless NFTs, as well as invalid BRC-20 and BRC 20-S inscriptions, helping users to cancel their occupation with one click.
In addition to continuously meeting the growing user needs, the OKX Ordinals market also continues to empower industry construction through open source, API upgrades and other initiatives. The API function now allows users to place orders faster through the API, and enjoy better depth and liquidity with zero handling fees. The comprehensive open source OKX ORD Indexer of the OKX Ordinals market not only supports Ordinals protocol analysis and transaction events, inscription data, UTXO status query, but also supports BRC 20 protocol analysis and transaction events, balance, ticker query and bitmap protocol analysis, thereby continuing to build Bitmap Coin ecology.
The explosion of Bitcoin inscription narratives has promoted the prosperity of the inscription ecology of major public chains, and in order to more comprehensively support the development of industry inscriptions,The OKX NFT market has gradually supported recursive inscriptions, cursed inscriptions, BRC-420 standards, Solana inscriptions, and Aptos inscription transactions. It will also integrate ARC-20, SRC-20, Runes, and DRC-20 inscription token standards, becoming the first in the Web3 industry and the most leading one-stop inscription ecological platform. It is obvious that behind the steady advancement of these diversification initiatives, millions of users can conduct zero-fee transactions within the ever-expanding world of inscription standards, and help OKX NFT reach the top of the industrys largest inscription market.The decline of the old narrative of NFT has given rise to the rise of new platforms. The NFT pattern of one super, many powers under Openseas rule has been gradually disintegrated. Multiple new forces have opened an era of diversified development, inscribing new battles, and the brave will win.
Three core driving forces, OKX NFT market is gaining momentum
The OKX NFT market covers the individual NFT sector, the Ordinals market, and the Drops sector. The reason why it can quickly stand out in the fierce competition of Inscription is mainly due to its long-term accumulation of ingenious products. Dappradar data shows that the 24-hour trading volume of the OKX NFT market has topped the industry many times, and even achieved growth against the trend in the bear market.Through in-depth experience and community research on the OKX NFT market, it is not difficult to find that solid infrastructure construction, rich and diverse functions, and product innovation have become the three core driving forces for its rise.
In terms of infrastructure construction, the OKX NFT market has a two-pronged approach. On the one hand, it simplifies the tedious cross-chain transactions of users by accessing EVM networks such as Ethereum, zkSync, Polygon, Arbitrum and other heterogeneous chains, as well as multi-chain strategies such as Solana, Aptos, Sui, and Starknet. Operation; on the other hand, it continuously aggregates orders from multiple platforms such as Tensor, OpenSea, Magic Eden, LooksRare, IMX Official, Element, and Blur to provide users with the best quotes and best liquidity. Up to now, the OKX NFT market has integrated 20+ public chains and 30+ NFT platforms. As the scale of its integration continues to grow, the number of users has shown an upward trend.Especially playing an important role in new chain ecology such as Aptos and zkSync.
Based on the best depth and smooth cross-chain experience, the OKX NFT market also supports multi-dimensional intelligent user interaction strategies, multi-dimensional security strategies, API standards and ecological construction, etc., to further enhance the user experience. for example,The launch of the multi-dimensional intelligent user interaction strategy function supports users to place multiple orders at the same time on the OKX NFT market or Opensea, etc., with only one authorized signature, and intelligently selects the contract call method according to user needs during purchase, minimizing user operations. Process and Gas consumption. The multi-dimensional security policy function can perform multiple detections when collecting NFT projects, automatically identify Pixiu disks, fake airdrop tokens, etc., and block them to help users avoid GAS and capital losses.In addition, the OKX NFT API now supports full-chain collection and product pulling, full-chain order and order transaction instruction pulling, and can be used for free without a license application. It has been adopted by Element, Bybit Web3, AIcoin, and TG BOT, etc. . Through the construction of the API ecosystem, the OKX NFT market will work closely with more developers and high-quality project parties.
In terms of diversified functions, the OKX NFT market provides a wealth of functions in terms of NFT object search, data reference, transaction process and experience, helping users better screen and trade among massive NFT objects. The search function of OKX NFT secondary market supports collection, product, user address dimensions, and provides filtering functions such as authentication or not, chain dimensions, etc., so that users can have a more three-dimensional understanding of NFT objects. also,The OKX NFT market also allows users to make decisions more quickly and scientifically by displaying data visualization functions such as hot search collections, transaction rankings, price transaction volume, transaction scatter charts, pending order depth charts, and position dispersion.In terms of the transaction process, it fully supports convenient basic functions such as batch placing orders, price changes of pending orders, collective bids, accepting bids, batch transfers, etc., and can pre-execution intercept user transactions to avoid on-chain capital losses, etc.
existIn terms of innovation, the OKX NFT market also supportsBatch creation and editing of user creation collections, etc., and AI creation function has been launched. Through the batch creation function, ordinary users, artists or project parties can upload 10K image works with one click and generate their own NFT collections and independent NFT contracts without understanding or learning complex and obscure contracts and technologies. In addition, users can use AI to create works of art or upload existing works of art. In addition to generating works of art through text descriptions and uploading pictures, dozens of new artistic styles have been added at the same time. Creators can choose freely, which greatly improves the Creation quality and experience.
In addition to the NFT sector and Ordinals market highlighted above, the OKX NFT market also has a very eye-catching Drops sector. DThe rops section is the exclusive first-level issuance platform of the OKX NFT market, a completely decentralized fair sale. By selecting popular and high-quality NFT assets, on the one hand, users can participate at a preferential price for the first time. In addition, we also cooperate with high-quality project parties from time to time, such as with Nobody and TinFun and other exclusive whitelists, to help users better grasp revenue opportunities.
As a zero-fee multi-chain aggregation platform that integrates creation, collection, and transaction functions, the OKX NFT market has in-depth understanding of the real needs of users and polished products with ingenuity, focusing on infrastructure construction, diversified functions, and product innovation. We worked hard at the strategic level and eventually grew into one of the most comprehensive and advanced NFT markets in the industry.
Innovation continues, NFT opens up unlimited imagination
Influenced by the digital wave, the NFT market has also experienced unprecedented prosperity and innovation, gradually becoming the dominant force in global digital art, games and virtual asset transactions, and showing a rich appearance in many fields.Looking back at that time, the New York Christies online auction artist Beeples NFT digital artwork Every Day: The First 5000 Days sold for a sky-high price of US$69 million, and Yuga Labs metaverse project Otherside triggered a 3-hour long GAS WAR, BTOK, and more. 1024 ETH purchased the most expensive boring ape in history, BAYC # 7537, etc., constantly refreshing users’ awareness and pushing NFT to an epic climax.
But in the end, the NFT narrative cannot be sustained for a long time. All prosperity is lonely in the crypto winter. In the long mean return process of NFT value, users have been mixed with frustration and expectations for a long time.In 2024, with the explosion of the Bitcoin inscription narrative, the NFT market will pick up and the landscape will also undergo great changes. OKX NFT Market, a multi-chain aggregation platform that was the first to respond to user needs, finally stood out and won widespread support and trust with its excellent product experience and comprehensive advanced functions.
Bitcoin NFT has just started, and network narratives such as Aptos and Solana are also rapidly iterating. With the continuous upgrading and improvement of infrastructure represented by the OKX NFT market, the future market evolution is full of interest. Although it is impossible to predict the sustainability of the inscription wave, the innovation of NFT will go far beyond that, whether it is the previous exploration of various possibilities in digital art, gaming fields, asset copyright, on-chain identity, or combination with entities such as real estate, through The non-tamperable nature of the blockchain ensures the transparency and security of transactions, both of which promote the development and boundaries of the encryption world. However, as technology continues to develop, the NFT market will continue to usher in more innovations and changes, becoming an indispensable part of the digital era.
For example, the NFT market can increase transaction speed and reduce costs by widely adopting Layer 2 solutions, provide users with a richer social experience through the NFTization of social media, and so on. Overall, with the balance of technological innovation, industry compliance and social acceptance going hand in hand, NFT will continue to play a key role in the crypto industry and, in the ever-changing environment, is expected to find new development paths for crypto assets. Bring more innovative experiences. As a user, you only need to keep exploring and experiencing, and you can see the future of NFT earlier.
