The TRON ecosystem is on the verge of launching its own platform for inscribed tokens created by APENFT.
In a recent announcement on Mar. 4, TRON founder Justin Sun disclosed that a new marketplace for digital tokens will be introduced within the blockchain ecosystem. This upcoming venture is being developed by APENFT, a team of blockchain experts who specialize in investing in non-fungible token (NFT) platforms and artworks. While specific details and a release date were not provided, it is anticipated that the project will also incorporate support for BTT, BitTorrent’s native token based on the TRC-20 standard.
In response to the news, the value of APENFT’s native token NFT surged by 25% to $0.0000006941, reaching levels not seen since June 2022, as per data from CoinMarketCap.
Originally intended to embed various data or content onto a Satoshi, the smallest unit of Bitcoin (BTC), inscriptions have gained significant attention in the global cryptocurrency market. This surge in interest has prompted numerous crypto exchanges to introduce their own marketplaces for inscription tokens. For example, in early February, Binance unveiled the Binance Inscriptions Marketplace, positioning itself to compete with platforms like OKX.
For more information, read about the recent incident where the Avalanche C-chain experienced a 4+ hour delay due to an influx of inscriptions.
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