Introduction to BRC-30 Protocol

• OKX Wallet introduces a new, open-source BRC-30 protocol that enables staking of Bitcoin and BRC-20 tokens to earn passive income.
• The protocol is open source and available for developers to build upon.
• OKX Wallet will soon add support for the BRC-30 standard according to the protocol.

OKX Supports Bitcoin Ecosystem

OKX is a long term supporter of the Bitcoin ecosystem, having integrated the Lightning Network to its centralized exchange over two years ago. Furthermore, it is the first multi-chain wallet to support BRC-20 trading with the launch of its Ordinals Marketplace, as well as viewing and transferring of Bitcoin Ordinals.

Objective Behind Introduction of BRC-30

The introduction of this protocol is driven by OKX’s goal to provide users with additional opportunities to participate in the Bitcoin ecosystem and earn passive income without actively trading. This complements other DeFi earning products already available through OKX Wallet platform.

Quote from Chief Innovation Officer

According to Jason Lau, Chief Innovation Officer at OKX: “We’re thrilled to have proposed and pioneered the BRC-30 standard to enable staking of Bitcoin and BRC-20 tokens. With our wallet soon incorporating this support, users can access multiple chain staking opportunities and earn passive income.“

About OKX

OKX is a leading global technology company driving innovation in Web3 technologies via its comprehensive suite of products which include an NFT Marketplace, DEX, Web3 Earn & more. The company has partnered with some top brands & athletes including Manchester City F.C., McLaren Formula 1, The Tribeca Festival among others. Its recent brand campaign advocating for a new paradigm led by Web3 self managed tech speaks volumes about their commitment towards creating innovative solutions for today’s world.

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