Binance unveils cryptocurrency marketplace, targeting BRC-20 and EVM tokens
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Binance announced Inscripts Marketplace, a platform for trading and inventing a new breed of tokens, including BRC-20 and EVM tokens, launched today. This new platform, seamlessly integrated into the Binance Web3 Wallet, is designed to support more than 60,000 BRC-20 tokens and multiple blockchains with dApps.
Welcome to the #Binance Inscriptions marketplace.
Everything BRC-20 and inscriptions built into the #Binance Web3 Wallet is your go-to place.
Get more 👇
— Binance (@binance) February 1, 2024
as if Blog post Published today, Binance said its Inscriptions marketplace aims to provide a user-friendly interface that simplifies the transaction and inscription process, allowing users to manage their inscriptions on a single platform. In particular, Binance has introduced BTC Transaction Accelerator, designed to speed up Bitcoin transactions, allowing faster trading and writing.
According to Binance, the marketplace caters to a wide range of users, from BRC-20 enthusiasts to beginners in the Web3 space, with accessibility and convenience in mind. The platform ensures a safe and pleasant experience, allowing users to easily move transactions between Web3 Wallet and Binance Exchange.
Explaining the reasons behind the launch, Binance highlighted the unique benefits and potential of scripts. According to Binance, cryptography extends the use of blockchains like Bitcoin, beyond being a digital store of value, adding utility and value. Additionally, this new tokenization method enhances on-chain transactions, enhances network security, and enables transparent token deployment.
To further enhance the potential of its marketplace, Binance has announced a partnership with UniSat, an open source wallet for Bitcoin NFTs. Binance's Inscriptions marketplace uses UniSat's API to provide users access to deep liquidity and more than 60,000 BRC-20 tokens.
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