BRC-20 integration still divisive among wallet providers despite demand

People's attitudes toward technology vary, and Bitcoin developer Casey Rodarmor introduced the Bitcoin Inscriptions process a year ago, enabling users to encode metadata on Satoshis, a fraction of a single Bitcoin.

This concept expanded with Bitcoin Ordinals, allowing the creation of fungible tokens on the Bitcoin blockchain.

Developer Domo introduced the BRC-20 token standard in March 2023, enabling the minting of nonfungible tokens directly on Bitcoin, akin to Ethereum's ERC-20 tokens.

BRC-20 tokens now have a total market cap exceeding $1.5 billion and a daily trading volume of $337 million, demonstrating their significance in the blockchain space.