Nine Essential Inscription Tools to Master Inscriptions

1/2/2024, 2:47:02 AM
The right tools can make exploring and investing in inscriptions twice as effective. This article introduces nine tools across four major areas of inscriptions.

The inscription market is booming, with representative inscriptions like sats and Ordi even seeing thousand-fold increases. Many Web3 users are flocking to the world of inscriptions, uncovering the secrets of wealth and technology. Having good tools can make this journey easier and more likely to uncover market opportunities. Let’s explore nine major inscription tools, their unique functions and utilities, and how they can aid in the exploration process.

Wallets

Wallets are the gateway to the inscription market. Whether it’s multi-chain wallets like Metamask or ecosystem-specific wallets like DPAL, they can connect to related applications for inscription operations. Since inscriptions are essentially on-chain data, one only needs a public and private key to mint, transfer, and perform other operations with inscriptions. Some wallets offer a more convenient user experience and a wealth of features that are worth using. This article mainly introduces two feature-rich Bitcoin wallets applicable for storing, trading, and transferring popular Bitcoin inscriptions like BRC-20.

Ordinals Wallet

Ordinals Wallet is a non-custodial wallet that allows users to view and store BTC, Ordinals NFTs, and inscription assets. Currently, users can create and transfer Ordinals NFTs directly from the wallet and list BRC-20 tokens on the Ordinals Wallet market. Besides the Bitcoin inscription ecosystem, it also supports the storage, creation, and trading of DRC-20 Tokens within the Doge ecosystem. Users can create a wallet on the web after entering the official website and selecting “Connect Wallet.” From there, they can view inscriptions, market trends, and transactions in the Bitcoin and Doge ecosystems. Ordinals has now become a multifunctional wallet that integrates a wallet, inscription tools, and an inscription market.

Source: https://ordinalswallet.com

Xverse

Xverse is a leading Bitcoin wallet supporting Ordinals, BRC20, STX, and Rare Sats, available on iOS, Android, and Chrome desktop versions. Developed by Secret Key Labs, founded by former Stacks team engineers, Xverse is dedicated to supporting decentralized applications, including DeFi and NFT collectibles. A significant advantage of Xverse is its ability to connect directly with popular hardware wallets like Ledger. It supports most applications on the Bitcoin Layer2 Stack and even has a dedicated $STX (Stack’s Token) staking pool for users to stake and earn rewards.

After downloading Xverse, users can use the wallet to send, receive, trade, and directly purchase on-chain assets. BRC-20 inscriptions and NFTs can also be displayed, but its most distinctive feature is the display of Rare Sats.

Source: https://www.xverse.app/download

Inscription Trading Markets

Unisat

Unisat, an active BRC-20 inscription trading market, began as an open-source Google plugin wallet for Bitcoin ordinals and BRC-20. It has continuously developed and expanded. As of December 22, it has reached 40k downloads. As shown below, Unisat now supports inscription engraving, inscription information search, BRC-20 information listing, BRC-20 Swap, and a trading market, in addition to its wallet services.

Source: https://unisat.io/

One advantage of using Unisat is leveraging its data for engraving references, such as checking which inscriptions with a high number of holders have not yet been minted. These inscriptions, with many participants, are more likely to experience price increases and value gains.

Source: https://unisat.io/

According to Unisat official media, as of December 30, it fully supports ARC-20 wallet storage, market trading, and ARC-20 engraving activities, indicating a rapidly developing tool ecosystem. In addition to inscription trading, Unisat also supports ordinal NFT information search and trading.


Source: https://unisat.io/

EVM.ink

EVM.ink is a multi-chain inscription trading market covering major EVM chains: BNB Smart Chain, Ethereum, and Polygon. Users can use it by connecting common wallets like MetaMask. EVM.ink provides rankings and information retrieval for Tokens and collectibles (inscription NFTs). Like Unisat, users can view the status of inscriptions and inscription NFTs in the market in the “Token” and “Collection” sections and trade in the “Marketplace.”

Source: https://evm.ink/

Various Chain Markets

In addition to these markets, there are inscription trading markets on various public chains. The following are some examples:

【Data compiled by @maik2hello

NFT Trading Markets

Magic Eden

Magic Eden initially emerged as an NFT marketplace primarily for the Solana blockchain. After gaining a leading position in Solana, it evolved into a multi-chain market, entering Ethereum and Polygon. In March 2023, with the rise of Ordinals NFT, Magic Eden officially expanded into the Bitcoin ecosystem. Now, Magic Eden has become an indispensable trading market for both Ordinals NFT and the world of inscriptions.

Source: https://magiceden.io/

Magic Eden supports Bitcoin ecosystem wallets like Xverse, Unisat, Leather, as well as multi-chain wallets like Tokenpocket. As shown in the image, Magic Eden displays the rankings and basic information of Ordinals NFTs, allowing users to freely buy and sell. It also offers a Rare Sats search and ranking feature. By clicking on “Mint” → “Inscribe,” users can access the BRC-20 operation page, currently enabling the deployment, minting, and transfer of BRC-20 tokens.

Ordzaar

Ordzaar is a decentralized Ordinals NFT trading market, offering a range of operations including collection queries, listing, and selling.

Source: https://ordzaar.com/

What sets Ordzaar apart is its unique feature that allows users to freely create their own Ordinals NFT collections. By entering “Create collection,” users can follow simple steps to create their own collection. During this process, users can set a royalty fee ranging from 0-20%, adding to the platform’s convenience.

Source: https://ordzaar.com/studio/create-collection/collection-details

Data Analysis Markets

Dune

Dune is a visualization software platform that transforms hard-to-access data into human-readable tables and visual graphs, offering various visualizations like bar charts, area charts, line graphs, pie charts, etc. On Dune, users can program data panels or view panels designed by others.

Many data panels created by analysts on Dune are publicly available, including many about inscriptions. For instance, by searching “Inscriptions” in Dune’s search box, users can find various data panels created by analysts.

Source: https://dune.com/browse/dashboards?q=inscription

The first result in the image, “Polygon Inscriptions Index,” lets you view the minting quantity and status of PRC-20 Tokens, offering valuable insights for PRC-20 investors.

Source: https://dune.com/ghost_yoo/test

whatscription

Whatscription is a multi-chain inscription monitoring protocol, allowing users to track real-time inscription minting situations on various chains like Avalanche, Polygon, BSC, Bitcoin, etc.

Source: https://whatscription.com/

The page is somewhat cluttered due to real-time data, but it’s mainly divided into three sections. The top line allows for the selection of a specific public chain to monitor. The middle section displays inscription minting details, including protocol, name, transaction count, address numbers, minting quantity, and inscription data. The bottom part showcases hot inscriptions from various public chains and inscription protocols.

These real-time data help users discover which inscriptions are currently favored in the market, aiding in identifying the most suitable inscription investment targets.

GeniiData

GeniiData is a visualization tool for inscriptions with rich features. Some advanced features require owning specific NFTs, but the basic functionalities are sufficient for general users. For instance, GeniiMap is a visual market chart displaying the hottest inscription protocols, BRC-20 inscriptions, and current inscription file formats. It also includes an Alpha Signal Square for monitoring whale and “smart money” addresses, enabling users to follow high-success-rate addresses.

Source: https://geniidata.com/ordinals/home?ref=7C4MMN

Besides visualization trends and the Signal Square, GeniiData allows users to filter inscriptions on its “INSCRIPTIONS” page using various criteria like time, content type, and protocol, supporting BRC-20, ORC-20, Bitmap, and Domain Names protocols.

Source: https://geniidata.com/ordinals/inscriptions

Users can also use GeniiData to deploy and mint inscriptions in the “INSCRIBE” section, while the “Index” page provides overall data statistics for BRC-20 and ORC-20.

Source: https://geniidata.com/ordinals/index/brc20?ref=7C4MMN

Conclusion

The market is complex and ever-changing. Having good tools can significantly improve success rates, but investing always involves risks. While engaging in inscription investment, maintain risk awareness and trade within your risk capacity. Platforms like Gate and other CEXs also offer market tools and wallets to help users explore the world of inscriptions, and it’s expected that more inscription tools will emerge in the future.

Author: Wayne
Translator: Piper
Reviewer(s): KOWEI、Piccolo、Elisa、Ashley He、Joyce、Wayne、Elisa、Ashley He、Joyce、Wayne、Elisa、Ashl
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.
* This article may not be reproduced, transmitted or copied without referencing Gate. Contravention is an infringement of Copyright Act and may be subject to legal action.

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