OKX Launches Ordinals Launchpad Platform for Direct Bitcoin Inscription

OKX has launched the Ordinals Launchpad, a new platform designed to enable creators to launch, inscribe, and trade collections directly on the Bitcoin blockchain. This platform introduces a seamless way for on-chain creators to bring their creations to life on Bitcoin, leveraging the Ordinals protocol, which has become increasingly popular for inscribing digital assets like NFTs on the Bitcoin network.

The Ordinals Launchpad is built to simplify the inscription process for creators by offering them the necessary tools, exposure, and technical support. Creators can now access the platform via both web and mobile devices, making it easier to manage collections. The platform facilitates direct on-chain settlements for all transactions, ensuring that all sales proceeds are sent directly to the creator’s wallet.

One of the key features of the Ordinals Launchpad is OKX’s “SelfScribe” technology. This allows creators to inscribe their digital assets instantly at the time of minting, eliminating the need for pre-inscription. This technology also ensures that creators maintain full control and self-custody over their collections, a significant advantage in the decentralized world of blockchain.

Additionally, creators on the platform have complete control over the pricing and distribution of their collections. The platform offers customizable minting options, such as allowlist and public sale features, so that creators can tailor their launch strategy to meet their needs. The platform charges a 2.5% launch fee but does not impose any trading fees on collectors, which could attract a wide range of users.

The first collection to launch on the platform is “Geminions” by JRNE, a Web3 jewelry brand that introduces NFC-enabled authentication on Bitcoin. This marks a unique integration of blockchain technology with physical assets, showcasing the creative potential of the Bitcoin ecosystem. OKX also reported that trading volume for Ordinals, Runes, and BRC-20 collections has surged by 50% since November, pointing to a growing demand for Bitcoin-based digital assets.

The announcement of the Ordinals Launchpad comes at a time when other platforms, such as Binance, have pulled back from supporting Ordinals. Binance recently confirmed that it has discontinued its Ordinals-related assets, including the Inscription Market, which has been halted since April. However, Binance users can still view their inscription assets and transfer them to other wallets.

With the launch of this platform, OKX is positioning itself as a key player in the Ordinals space, providing creators with the tools to mint and sell Bitcoin-based NFTs with minimal friction. As demand for Bitcoin inscriptions continues to rise, the Ordinals Launchpad is poised to help accelerate the growth of this emerging market.