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Significant developments continue to emerge in the cryptocurrency market. Accordingly, the crypto exchange Binance announced on its official website on February 1 that its Web3 wallet will now support BRC-20 assets. Notable details about the marketplace, which will be valid for versions 2.78 and above of the Binance app, were highlighted.
Binance Takes a Notable Step
Binance Web3 wallet announced on February 1 that it will support BRC-20 assets in the Binance Inscriptions Marketplace, according to the announcement. Inscriptions assets offered on the Ethereum Virtual Machine side will be accessible to users through a browser.
Following this step, the team added the Inscriptions Marketplace page to the Web3 Wallet guide on their website. This page contains two sections: How Can BRC-20 Assets Be Managed in the Binance Web3 Wallet? and How Can EVM Inscriptions Assets Be Managed in the Binance Web3 Wallet?
A guide created by the Binance team for BRC-20 assets explains in detail, with the help of visuals, all the questions a user might ask. It clearly describes the introduction of BRC-20, how assets can be sent and received, and how transactions can be conducted on the token side.
The content prepared for EVM Inscriptions assets, while not as detailed as BRC-20, also presents topics that can attract users’ attention in a simple and elegant manner. The most notable aspect here is the option for users to mint Inscriptions tokens through the Binance Web3 Wallet. Users can easily perform minting operations from their wallets using the necessary contract codes and token numbers on EVM networks.
Inscriptions and Blockchain
Binance has indicated that the field of Inscriptions has now carved out a place in the cryptocurrency market with this move. The process that started with the introduction of the Bitcoin Ordinals protocol in January 2023 has attracted the attention of many users on the Solana and Avax networks and has reached significant proportions in EVM networks.
However, the congestion in the Bitcoin ecosystem and the rising transaction fees have caused many users and investors to take a stand against this area. Following this development in the Bitcoin network, the popular Layer-2 network zksync had to temporarily halt block production due to the hype in the Inscriptions field.
