SINGAPORE,
May 9,
2024 /PRNewswire/ -- OKX, a leading Web3
technology company, has issued updates for May 9, 2024.
OKX Marketplace Now Supports XRGB Protocol,
Pioneering the ERC404 Standard for Enhanced NFT and Inscription
Interactions
OKX today announced that its OKX Marketplace has
now added support for the cutting-edge XRGB protocol. OKX's
partnership with XRGB ushers in a transformative era for NFT and
inscription functionalities, leveraging the power of the ERC404
standard.
This integration bridges the divide between NFT assets and the
burgeoning Bitcoin Inscription ecosystem, facilitating
the seamless transformation of a wide array of digital assets,
including ERC721, ERC1155, Ordinals, Runes, Stamps, Atomicals, and
Taproot Assets into the ERC404 standard.
Now available on the OKX Marketplace, the XRGB protocol empowers
users to trade, bridge, and tokenize inscriptions and NFT assets
with unprecedented ease. This strategic alliance is set to redefine
user interaction with digital assets, bolstering liquidity and
cultivating a more interconnected digital asset landscape.
Moreover, XRGB is poised to augment its vision with the addition
of three key ecosystem components:
1. Multi-Asset and Multi-Chain Support: The XRGB protocol
is designed to accommodate a broad spectrum of
non-fungible tokens. It simplifies complex processes
like issuing, sending, receiving, and tracking of digital assets,
thereby enabling users to manage their collections of digital art,
music, and other unique assets effortlessly. This enhances their
trading experience and fosters a more enriching user journey.
2. Domain & Decentralized Digital Identity
(DID): With a focus on bolstering user privacy and transaction
security, XRGB supports a sophisticated framework for
decentralized digital identities. This includes
identity verification and digital signatures, providing a robust
layer of security. Furthermore, the protocol facilitates the
registration and management of decentralized domain
names, thereby enhancing user control over their online presence
and digital interactions.
3. DeFi Hub by XRGB: By integrating
decentralized exchange (DEX) and lending protocols,
XRGB provides a holistic decentralized platform for
asset swaps and financial transactions involving
Bitcoin and other assets. This hub is pivotal in
bolstering various DeFi protocols, enabling users to
engage with a diverse range of financial services and fostering the
growth of a decentralized financial ecosystem.
For more information, please visit the OKX Support
Center.
For further information, please contact:
Media@okx.com
About OKX
A leading global technology company driving the future of
Web3, OKX provides a comprehensive suite of products to meet
the needs of beginners and experts alike, including:
• OKX Wallet: The world's most powerful, secure and versatile
crypto wallet which gives users access to over 80
blockchains while allowing them to take custody of their own funds.
The wallet includes MPC technology which allows users to easily
recover access to their wallet independently, removing the need for
traditional, 'written down' seed phrases. In addition, OKX Wallet's
account abstraction-powered Smart Account enables users to
pay for transactions on multiple blockchains using USDC or USDT,
and interact with multiple contracts via a single transaction.
• DEX: A multi-chain, cross-chain decentralized
exchange aggregator of 300+ other DEXs and approximately 15
bridges, with 200,000+ coins and more than 20 blockchains
supported.
• NFT Marketplace: A multi-chain, zero-fee NFT marketplace that
gives users access to NFT listings across seven top-tier
marketplaces including OpenSea, MagicEden, LooksRare and Blur.
• Web3 DeFi: A powerful DeFi platform
that supports earning and staking on about 70 protocols across more
than 10 chains.
OKX partners with a number of the world's top brands and
athletes, including English Premier League champions Manchester
City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty
James, and F1 driver Daniel
Ricciardo.
As a leader building innovative technology products, OKX
believes in challenging the status quo. The company recently
launched a global brand campaign entitled, The System Needs a
Rewrite, which advocates for a new paradigm led by Web3
self-managed technology.
To learn more about OKX, download our app or
visit: okx.com
Disclaimer
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SOURCE OKX