Bitcoin is expected to have kicked off an ecosystem with blockchain, its underlying technology. The evolution is expected to take place with the emergence of the Ethereum network and smart contracts. After meme tokens, nonfungible tokens (NFTs) and Web3.0 gaming, the crypto community found its way to use tinker-with-technology itch in inscriptions,stated Cointelegraph.
Sources revealed that the realm of inscriptions saw a expansion and the crypto builders’ community recognised they could apply similar methods to Ethereum Virtual Machine (EVM)-based chains, enabling the creation and trading of unique digital assets. As a result, the need for a platform to facilitate trading inscription tokens across various blockchain networks became increasingly evident.
“2024 will be the year of the people when retail investors will finally take charge of price discovery and development of projects in a fair and equal way,” Gerald Check, founder, 20EX, explained.
It is expected that inscription tokens can go beyond community-driven endeavors, paving the way for a more dynamic and engaging crypto ecosystem, Cointelegraph concluded.
(With insights from Cointelegraph)
