OKX Web3 wallet becomes the first multi-chain wallet to support Bitcoin and BRC-20 token staking.

On July 19, 2023, OKX, a leading Web3 technology company, announced that its OKX Web3 wallet now supports Bitcoin and BRC-20 token staking, becoming the first multi-chain wallet in the industry to support this feature.

This feature is based on the Bitcoin ecosystem standard BRC20-S protocol proposed by OKX. The BRC20-S protocol has now been officially deployed and all developers and project parties can go to OKX to deploy the BRC20-S staking pool, providing BRC20-S token rewards for BRC-20 token holders, thereby improving user participation and community building. It is worth noting that BRC20-S is an open source protocol and OKX will not review the deployed pools.

Meanwhile, users can also choose to stake Bitcoin or BRC-20 tokens in pools through the DeFi section of the OKX Web3 wallet without selling their BRC-20 tokens, in order to earn BRC20-S token rewards.

The Bitcoin and BRC-20 token staking feature of OKX Web3 wallet is a supplement to its existing Earn product. In the future, more application scenarios such as the BRC20-S token trading market will be launched. These features will be aggregated in the DeFi section of the OKX Web3 wallet.

OKX Chief Innovation Officer Jason Lau said: "OKX Web3 Wallet is the first multi-chain wallet that supports Bitcoin and BRC-20 token staking. We have heard feedback from OKX Web3 Wallet users who want more opportunities to participate in the Bitcoin ecosystem, and we are pleased to meet their needs. We have been listening to feedback and look forward to sharing other upcoming features later this month."

OKX has been a staunch supporter of Bitcoin for a long time. As early as two years ago, it integrated the Lightning Network into its centralized exchange to achieve faster and cheaper Bitcoin deposits and withdrawals. OKX Web3 Wallet has officially launched on the Ordinals market, which is the first multi-chain wallet that supports BRC-20 tokens and Bitcoin NFT trading, as well as viewing and transferring Ordinals NFTs.

About OKX

As a leading global Web3 technology company, OKX provides a comprehensive and rich portfolio of Web3 products, including the OKX Web3 wallet, NFT market, DEX, DeFi, and Dapp exploration, to meet the needs of both beginners and professionals.

OKX has closely collaborated with English Premier League champions Manchester City F.C., McLaren F1 Team, Olympic snowboarder Scotty James, and F1 driver Daniel Ricciardo, hoping to enhance fan experience through new interactive methods. In addition, OKX is also a top partner of the Tribeca Festival, committed to attracting more creators to the Web3 field.

As a leader in building innovative technology products, OKX dares to challenge the status quo and has recently launched a global brand campaign called The System Needs a Rewrite, advocating for a new paradigm led by Web3 self-governance technology. To learn more about OKX, please download our application or visit okx.com.

Welcome to join the official BlockBeats community:

Telegram Subscription Group: https://t.me/theblockbeats

Telegram Discussion Group: https://t.me/BlockBeats_App

Official Twitter Account: https://twitter.com/BlockBeatsAsia