Blockchain
Binance Inscription Marketplace Enhances Web3 Accessibility with ARC-20 Token Support
Binance, the global blockchain ecosystem trusted by over 185 million users worldwide, is excited to announce that its Binance Inscription Marketplace now supports ARC-20 tokens, a fungible token standard built on the emerging Atomicals Protocol on Bitcoin. Starting today, users are able to trade and transfer ARC-20 tokens on the Binance Inscription Marketplace, adding to the wide range of features that are already available on the platform.
With this latest expansion, Binance Inscription Marketplace becomes one of only a few platforms that support such a diverse range of inscription assets, including BRC-20, EVM, and the newly incorporated ARC-20 tokens.
“At Binance, our top priority has always been to provide our users with the tools and capabilities they need to harness the full potential of the cryptocurrency landscape,” remarks Binance Product Marketing Lead Sherrine Tan. “Our decision to support ARC-20 tokens trading is a direct response to our users’ interests. This move unlocks a realm of opportunities, giving users an easy, seamless and secure way to explore the Atomicals Protocol and the vast possibilities of the inscriptions ecosystem.”
Such wide asset support is possible due to the addition of an important new feature allowing users to manually mark Bitcoin Unspent Transaction Outputs (UTXOs). Given the diverse nature of the various inscription protocols on the Bitcoin network, UTXO management is significant. Users have the rights to mark any conflicting asset as their desired choice. To put it simply, this feature enhances the user experience by facilitating an extensive asset offering for users and enabling them to seamlessly use their chosen assets, without worrying about the underlying technical complexities.
Hosted within the Binance Web3 Wallet, a self-custody crypto wallet located within the Binance app, the Binance Inscriptions Marketplace offers an accessible and user-friendly platform for the buying, selling and minting of a wide range of inscription tokens. It is powered by BTC Transaction Accelerator which facilitates faster Bitcoin transactions on the platform.
In a move that further demonstrates Binance’s dedication to facilitate the growth of the Bitcoin ecosystem, support for the BTC Taproot address has also been added to Binance Web3 Wallet. Users can now conveniently choose between the Taproot or Native SegWit, and are able to seamlessly create or import their existing BTC wallets to view their assets.
The Binance Inscriptions Marketplace leverages the API of Atomicals Market, the largest marketplace for ARC-20 tokens. This strategic partnership facilitates users’ entry into the world of ARC-20 tokens and Atomicals Protocol as they can gain access to a wide range of ARC-20 tokens offering, while also benefiting from the simplicity, convenience and security that Binance Web3 Wallet has to offer.
CEO at Atomicals Market, who goes by ‘X’, commented: “Our partnership with Binance marks a significant step forward in making ARC-20 tokens easily accessible to the crypto community. We are excited to introduce the depth of opportunities that the Atomicals Protocol offers to Binance’s extensive global user base and an even broader spectrum of users. It’s an exciting time for both Atomicals Market and Binance users – the future is bright and full of immense possibilities!”
To celebrate this milestone, Binance is also partnering with Atomicals Market to offer trading of ARC-20s with zero service fee exclusively on Binance Inscription Marketplace for a limited time. This promotion will last for two months, from April 3 to June 2, 2024.
This announcement today follows closely on the heels of Binance’s recent integration of the Solana network and addition of selected Solana-based decentralized applications to its Web3 Wallet. The continuous innovation and enhancement of its platform is part of Binance’s broader efforts to be responsive to user needs and provide them with the latest product developments ahead of market trends.
The post Binance Inscription Marketplace Enhances Web3 Accessibility with ARC-20 Token Support appeared first on HIPTHER Alerts.
Blockchain
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Blockchain
Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
The post Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users appeared first on News, Events, Advertising Options.
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
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