Justin Sun announces the launch of the Inscriptions marketplace on the TRON network from the APENFT team

Previously, Sun announced plans to launch an L2 network based on the bitcoin blockchain

04.03.2024 - 14:10

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2 min

What’s new? The head of HTX and Poloniex crypto exchanges and founder of the TRON and BitTorrent Chain (BTTC) blockchains, Justin Sun, has announced the launch of an Inscriptions-asset marketplace such as bitcoin NFTs. The marketplace, created by the APENFT team, will run on the TRON blockchain. The businessman also encouraged development teams to develop projects on its blockchain ecosystem.

What else is known? The APENFT marketplace was launched in April 2022 on the TRON blockchain using the BitTorrent distributed storage system. Currently also supports Ethereum and Binance Smart Chain networks.

It is a partner of the largest auction houses Sotheby’s and Christie’s. The platform offers digital versions of works by artists such as Pablo Picasso, Andy Warhol, and Mike Winkelmann, known under the nickname BEEPLE.

The platform has its own governance token with a ticker of the same name. APENFT is available on 27 centralized and decentralized exchanges (CEXs/DEXs) including HTX, OKX, Kucoin, Bybit, Uniswap, PancakeSwap, and Sunswap. On the back of Justin Sun’s announcement, its exchange rate jumped by 30% to $0,0000007, the highest since June 2022.

Binance launches a marketplace for Inscriptions on the Bitcoin network and EVM-enabled blockchains

The trading platform is available in the non-custodial wallet of the exchange

Sun previously announced plans to launch a Layer 2 (L2) network based on the bitcoin blockchain to decentralize and integrate tokens into the TRON network. The roadmap includes three phases: the first focuses on expanding the links between TRON and Bitcoin, the second will see the TRON team begin working with bitcoin-based L2 protocols, and the third will launch a network that will connect TRON, BTTC, and Bitcoin.

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