Bitcoin's revolutionary design introduced a secure, peer-to-peer value transfer system. While its primary focus was financial transactions, the potential for broader applications was always on the horizon. Now, with the emergence of Ordinals and Inscriptions, Bitcoin offers a method to store information other than financial transactions. This technology allows users to permanently store additional information on the Bitcoin blockchain, creating unique digital assets known as Bitcoin Non-Fungible Tokens (NFTs).
What are BTC Ordinal Inscriptions?
Bitcoin inscription is the process of embedding arbitrary data or content onto a Satoshi, the smallest denomination of Bitcoin. Information, including images, videos, texts, audio, etc., can be inscribed on the Bitcoin blockchain.
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Inscriptions: A Gateway to Understanding Ordinals
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What does Bybit Inscription Marketplace offer?
Bybit Inscription Marketplace is a decentralized asset distribution platform featuring full BRC-20 integration, so users can inscribe, mint, and trade BRC-20 assets directly with their Cloud Wallets. You can also transfer your Inscriptions from Bybit Cloud Wallet to third-party wallets.
How to Get Started With Bybit Inscription Marketplace
On the App, go to Web3 → Marketplace → Inscriptions to access the Inscription Marketplace. Currently, the Inscription Marketplace only supports Bybit Cloud Wallet. For information on how to create a Bybit Cloud Wallet, refer to this article.
List/Sell Your Inscription Tokens
Step 1: Go to #Trending or #All Project and look for the token you wish to sell. Tap View or on the projects to visit the token page.
Step 2: On the token page, tap Inscribe. Fill in the inscription information, select the gas fees, and Confirm.
Step 3: Tap List to list and sell your tokens on Bybit Inscription Marketplace.
To unlist an inscription token, go to My Inscriptions and tap on the respective inscription you wish to unlist.
Transfer
Step 1: Go to My Inscriptions and select the token you wish to transfer.
Step 2: Select the token you wish to transfer, enter the amount and receiving address, select the gas fees, and tap Transfer.
Mint Inscription Tokens
Step 1: Go to Inscriptions → Minting
Step 2: Tap on your preferred token icon and tap Mint.
Step 3: Enter the quantity that you wish to mint and select the gas fees. Tap Mint to confirm the transaction.
Buy Inscription Tokens
Step 1: Go to the project page of the token you wish to buy → Listed On.
Step 2: Tap on the card of your preferred listed projects and tap Buy.
Step 3: Check the order details and select the gas fees before you confirm to Buy.