Earn Passive Income on Your Digital Assets with BRC-30 and OKX Wallet

• OKX Wallet announces the introduction of BRC-30 protocol to enable staking of BRC-20 tokens and Bitcoin.
• This allows users to earn passive income by staking digital assets on Web3 Earn.
• The protocol is open-source and available for all developers to build upon.

OKX Wallet Introduces BRC-30 Protocol

SAN FRANCISCO, UNITED STATES, June 1st 2023 – Chainwire – OKX Wallet, a leading Web3 company, today announced its proposal for a new, open-source BRC-30 protocol that enables staking of BRC-20 tokens and Bitcoin in order to earn passive income.

Open Source Protocol

The protocol is open source and available for all developers to build upon. With the addition of support for this new standard according to the protocol, OKX wallet users will soon be able to stake their BRC-20 tokens or Bitcoin in order to earn passive income on their digital assets.

Earn Opportunities Across Multiple Chains

This complements the existing range of curated DeFi earning products already available through the platform. The introduction of this new protocol is driven by OKX’s goal to provide users with additional opportunities to participate in the Bitcoin ecosystem and earn passive income.

OKX Chief Innovation Officer Jason Lau Comments

“We’re thrilled to have proposed and pioneered the BRC-30 standard to enable Bitcoin and BRC-20 token staking. With the OKX Wallet soon able incorporate support for this new standard users will be able access Bitcoin staking and earning opportunities across multiple chains. We’re proud work with developers across projects within community contribute towards growth of wider ecosystem.”

OKX has been an ardent supporter of bitcoin since integrating Lightning Network with its centralized exchange over two years ago. Moreover, it was also first multi chain wallet provide support for trading BRC – 20 tokens through its Ordinals marketplace as well as viewing transferring bitcoin ordinals.