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Key ConclusionsThe Binance token market, integrated into the Binance Web3 wallet, provides a seamless and easy-to-use way to trade and mint a wide range of tokens. Tokens allow various data, such as text and images, to be embedded directly on the Bitcoin network (and other chains), opening up new ways to convert to tokens. Featured.The token market supports 60,000 of the most popular BRC-20 tokens, multiple other blockchains through decentralized applications, and a BTC transaction accelerator for faster transactions.Note: This is a public announcement. Some products and services may not be available in your region.Welcome to a new chapter of the Binance Web3 Wallet with the introduction of the Pattern Market. This platform is not just another trading center; Rather, it represents a leap in the world of inscriptions, as it combines innovation and user accessibility. This guide will guide you every step of the way, from the basics of what tokens are and their roots in Bitcoin, to the role of BRC-20 tokens and scaling on Ethereum Virtual Machine (EVM) chains. We will also discuss the practical benefits of engravings, and the thriving market they have created. If you're ready to dive in, we'll show you how to get started in the engraving market. Get ready to embark on an exciting journey in this emerging trend.Binance Pattern Market: Your One-Stop Solution In our ongoing quest to make Web3 as accessible to everyone as possible, we are excited to announce the launch of the Binance Pattern Market — a new platform within the Binance Web3 wallet. This market is your gateway to the world of inscriptions. Let's go over what you can expect from the Pattern Market: Comprehensive Pattern Token Solution: The Binance Pattern Market provides a seamless, easy-to-use interface for trading and inscribing a wide range of tokens, including BRC-20 tokens and EVM tokens. This integration provides users with a single platform to manage their inscriptions, simplifying the process and enhancing the overall user experience. BTC Transaction Accelerator: The market offers a BTC transaction accelerator. This innovative tool significantly speeds up Bitcoin transactions, which is a vital aspect when dealing with tokens. Faster transactions mean faster trades and tokens, keeping users ahead of the curve in the fast-paced world of digital assets. Integration with UniSat to enhance liquidity and options: The Binance token market uses the API of UniSat, a leading space in the field of inscriptions and ordinals. This integration gives users access to UniSat's deep liquidity and massive offering of over 60,000 BRC-20 tokens. This partnership amplifies the market's capabilities, providing users with an unparalleled array of choice and liquidity. Accessibility and Convenience: The Pattern Marketplace, within our Web3 wallet, is designed with accessibility and convenience in mind. It caters to everyone, from BRC-20 token enthusiasts to those new to Web3, and provides a safe and fun experience. Users will also be able to transfer tokens between the Web3 wallet and the Binance trading platform with one click. The introduction of the Pattern Market is a welcome development for Web3 Wallet, enhancing your journey into the decentralized web with a host of features. But if you're not familiar with the concept of epigraphs, or you're keen to understand their full impact, read on as we delve into the basics, highlighting their role in the current landscape. What are inscriptions? In the ever-evolving world of blockchain, an exciting new concept has emerged: inscriptions. The concept of inscriptions originated with Bitcoin ordinal inscriptions. Because the Bitcoin network doesn't support smart contracts, it couldn't directly transact with NFTs — or similar tokens. But with the innovation of engraving, developers found a way to engrave data onto individual satoshis (the smallest unit of Bitcoin). This has opened new horizons for creating digital assets on the blockchain that were not originally designed for it. Patterns can include various types of data, such as text and images, unlike traditional entries to the Bitcoin blockchain, which include transaction data. They are immutable, meaning that once written, they cannot be changed or deleted, ensuring their permanence and security. BRC-20 tokens and their roleBRC-20 tokens represent a major leap forward in the world of inscriptions. It is a type of token that is minted via serial token protocols on the Bitcoin blockchain. Thanks to the ordinal token protocol, BRC-20 tokens assign ordinal numbers to satoshi units (the smallest unit of Bitcoin), allowing the creation of tokens that are directly exchangeable on the Bitcoin blockchain. This approach differs from non-interchangeable ordinal tokens on Bitcoin, as tokens The marked BRC-20 is interchangeable and has a uniform value. This innovation expands Bitcoin's range of uses beyond its traditional role, turning Bitcoin into a more versatile platform to support new tokens. EVM) is a major development — similar to its counterparts on the Bitcoin blockchain, but with some differences. Instead of inscriptions on individual satoshis, it involves embedding data into transaction input data on Ethereum (or equivalent on-chains compatible with the Ethereum virtual machine). This process allows various data types — such as text, images, and code — to be engraved directly on the Ethereum virtual machine blockchain. This ensures that the data included is an integral part of the blockchain transaction, thus maintaining its permanence and security.Ethereum virtual machine tokens are not based on smart contracts, but are part of the transaction input data. This approach makes inscriptions on Ethereum virtual machine chains inherently different, and often more efficient in terms of transaction fees, compared to storing data in smart contracts. The Importance of Inscriptions Inscriptions are not just a new feature in the blockchain space; Rather, it brings benefits that every user should be aware of. Let's explore the main reasons why you should pay attention. On-Chain Simplicity and Increased Decentralization: Scribes help facilitate direct on-chain interactions, which eliminates the need for off-chain protocols, simplifying the process of transacting assets on the blockchain. By keeping more activity on-chain, tokens contribute to the decentralized spirit of blockchain technology. One of the main factors driving the growth of fiats is the democratization of token creation and ease of access. Fair Launch — Democratizing access to tokens: Thanks to fiats, anyone can publish a token, and anyone can mint the coin transparently (following Mintage limit for one operation). More importantly, it is not easy for a small group to control the engraving code if the mintage limit is set correctly. It is this delicate balance that embodies the decentralized spirit of blockchain. A new form of tokenization: Tokenization opens up a new realm of tokenization possibilities on the blockchain. Bitcoin has traditionally been viewed as a digital store of value, akin to gold. But with tokens, Bitcoin (and other blockchains) can be used in a whole new way. These tokens add another layer of value to the blockchain, expanding their range of uses.Bitcoin tokens — enhancing network security: By increasing transaction volume (and thus transaction fees), tokens incentivize more miners to participate. This results in higher hashing power, making the network more secure. The probability of 51% attacks, in which one entity controls the majority of mining power, is significantly reduced. EVM Patterns — Cost Reduction: Pattern tokens offer a cost-effective alternative to traditional smart contract-based tokens, making transactions cheaper and more efficient. The reason lies in the low cost of converting these codes. Converting ETH token, along with an engraving token, is less expensive than transacting a token generated through smart contracts. Birth of a New Market: The emergence of this trend has attracted a diverse community, fostering a thriving market for minting, trading, and owning engravings. This market gained significant recognition when the market cap of the RC-20 ORDI token reached $1 billion in December 2023, demonstrating the great potential of this asset. Adoption goes beyond Bitcoin, as there are over 200 million tokens across other blockchains, highlighting its broad appeal. How to get started with tokensGetting started on the Binance token market is very easy.1. Log in to the Binance app and go to the [Wallets] tab.2. Select [Web3], then [Discover].3. Tap on the [Species Market] bar and start your adventure with Sprites! Please see our FAQs on How to Manage BRC-20 Tokens and How to Manage Ethereum Virtual Machine Tokens for more information. Concluding Thoughts The Sprite Market represents an exciting new addition to the Web3 wallet. Offering an easy-to-use platform for a variety of engraving symbols, it caters to both seasoned enthusiasts and newcomers alike. As we see this new market grow, Binance continues to evolve in order to best serve you — our users. Whether you're looking to trade, mint, or explore the world of coins, Binance's coin market is your one-stop portal. Join us in this new chapter and discover all the possibilities that Ordinals bring to the digital asset space. Related ArticlesIntroduction to Binance Web3 Wallet (Binance) What is Ordinals? Binance Research Platform: Survey on the Increased Uptake of BRC-20Disclaimer: Binance Web3 Wallet It is an optional product, and you are solely responsible for determining whether this product is right for you. Binance is not responsible for your access to or use of Third Party Applications (this includes functionality included in the Binance Web3 Wallet and Binance will have no liability in connection with your use of Third Party Applications, including without limitation, any disputes regarding Transactions Please carefully review the Binance Web3 Wallet Terms of Use, and always do your own research.