Binance launches Inscription Market. Which ecological projects are worth paying attention to?

Author: Climber, Golden Finance

On February 1, Binance finally officially announced the launch of the Binance Inscription Market. After OKX, another leading exchange has launched Mingwen infrastructure, which is undoubtedly a big plus for the Mingwen sector.

The announcement shows that the inscription platform is integrated into the Binance App’s built-in self-hosted wallet, the Binancce Web3 wallet, which provides inscription trading, minting and other functions, and integrates UniSat’s API.

Binance Chief Technology Officer Rohit Wad expressed his hope that the Binance Inscription Market will provide a one-stop portal for users to explore, try out Inscription tokens and enjoy their dividends, thereby supporting industry development.

In the first quarter of last year, OKX’s layout of BRC-20 allowed it to achieve mutual success with Inscription Circuit in the second half of the year. Now that Binance has finally come to an end, will there be a second spring for the Inscription sector again, and what projects can investors invest in?

Popular Inscriptions:

ORDI: is the first token on the Bitcoin blockchain created using the BRC-20 fungible token standard. The current ORDI price is $57.5, with a maximum of $92.

SATS: A BRC-20 digital token named after the smallest unit of Bitcoin.

RATS: It is an animal currency created on the BTC blockchain based on the BRC-20 protocol.

BNBS: It is the leading inscription of the BSC chain, which was launched on December 2.

AVAV: It is the most popular inscription token on the Avalanche chain.

MICE: is a BRC20 token.

ETHS: ERC-20 inscription faucet.

BTCs: BRC20 tokens deployed and engraved on the Bitcoin blockchain based on the ordinals protocol. The name comes from Bitcoin Ordinals BTCs 

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NFT Ecology:

Bitcoin Frogs: a pure PFP, with a total of 10,000 pieces, at the lowest price 0.3 BTC, with a trading volume of approximately 950 BTC.

Bitcoin Punks: It is the first NFT project using the Ordinals protocol and inspired by CryptoPunk on Ethereum. It successfully transferred CryptoPunk on Ethereum to Bitcoin. The current floor price is 0.0068 BTC.

Bitcoin Cats  (1CAT): A gaming platform for the Bitcoin ecosystem.

Bitmap: It is a set of open source standard protocols proposed by blockamoto on ordinals on June 13, 2023, with the purpose of establishing a metaverse land consensus on the BTC chain.

DeFi  Ecology :

Bounce Finance: It is a decentralized auction protocol for token exchange. Exchange, the protocol was launched in July 2020, and in October 2020, Bounce was selected as the second batch of seed fund funding projects of Binance Smart Chain and is also considered a sub-project of Binance.

BitStable: It is a decentralized asset protocol based on the BTC network. Anyone, anywhere can generate $DAII stablecoins for collateralized assets in the BTC ecosystem through this platform.

ALex: It is the leading DEX on Stacks and has developed a beta version of BRC-20 trading.

Layer2 Ecology:

Stacks: Bitcoin L2 protocol, which improves the functionality of Bitcoin by automatically executing smart contracts, No Bitcoin fork required. Additionally, Stacks brings DApp and smart contract functionality to Bitcoin without changing any of its functionality.

BEVM: A decentralized BTC L2 that uses BTC as gas and is compatible with EVM. Its core goal is to expand Bitcoin’s smart contract scenarios so that BTC can build BTC as native GAS on the EVM ecosystem. Decentralized applications.

B² Network: It is an EVM-compatible ZK Rollup based on Bitcoin’s zero-knowledge proof verification commitment. Transaction data and Zk proof verification commitment are recorded on the Bitcoin main network and are ultimately confirmed through the challenge-response mechanism. .

MAP Protocol: It is a Bitcoin Layer 2 network for point-to-point cross-chain interoperability. It uses Bitcoin’s security mechanism to enable assets and users of other public chains to interact seamlessly with the Bitcoin network. This enhances the security of the network and enables BRC20 cross-chain capabilities.

Rootstock: It is a BTC-based, EVM-compatible smart contract platform that aims to expand its functions, implement smart contracts, and enable the permissionless construction of DeFi protocols without damaging the core layer of BTC. . Rootstock Infrastructure Framework (RIF architecture) is suitable for payment, authentication and other scenarios.

Infrastructure:

RGB Protocol: RGB is a smart contract layer and off-chain protocol built on the Bitcoin blockchain that allows minting and issuance Digital assets based on Bitcoin. With RGB, users will be able to issue stablecoins, tokens, non-fungible tokens (NFTs), and create confidential, customer-verified smart contracts on Bitcoin.

Taproot Assets: In October last year, Lightning Labs released the UTXO-based Taproot Assets mainnet Alpha version. With the completion of the mainnet version, the Bitcoin Lightning Network will become an upright multi-chain asset network, mainly For institutions and asset issuance, instant, low-fee and high-volume transaction application protocols can be created through the Lightning Network.

OKX Web3 Wallet: Supports the trading and staking of BRC20 inscriptions and BTC NFTs, and has launched components such as the Bitcoin ecological standard BRC20-S and inscription tools.

Ordinals Wallet: The Ordinals Wallet was launched in February this year and supports various Ordinals-related operations, such as transfers, sending, registration, buying and selling, etc.

UniSat Wallet: Open source Chrome addition for storing and transferring Ordinals NFT and BRC-20 tokens. Users can also credit from anywhere without having to run a full node. It is also the official Ordinal Protocol wallet.

Turtsat: is a community-driven open platform that aims to be the Gitcoin of Ordinal, providing a space to build, donate and impact Bitcoin Ordinal & BRC-20 through Turtsat.

Multibit (MUBI): It is a two-way cross-chain bridge designed to facilitate cross-network transfers between BRC20 and ERC20 tokens.