July 16, 2024

Following Justin Sun's preview of the TRON inscription marketplace, APENFT's NFT token increases by 25%.

March 04, 2024
1Min Read

It appears that APENFT will soon create a marketplace just for inscription tokens within the TRON ecosystem.

The founder of TRON, Justin Sun, stated in an X post on March 4 that the blockchain ecosystem will soon have its own native digital token marketplace.

Sun also said that APENFT, a group of blockchain experts dedicated to funding non-fungible token (NFT) platforms and artwork, is behind the new project. It is anticipated that the project will also incorporate support for BTT, BitTorrent's native token based on the TRC-20 standard, even if specifics and a launch schedule were not made public.

According to CoinMarketCap data, APENFT's native token NFT surged by 25% to $0.0000006941 in response to the news, a level last seen in June 2022.

Originally designed as a way to add various types of data or content to a Satoshi, which is the smallest unit of Bitcoin (BTC), inscriptions have become more and more popular in the worldwide cryptocurrency market. A number of cryptocurrency exchanges have launched their own markets for inscription tokens in response to the increased interest. For example, Binance positioned itself to compete with platforms such as OKX when it announced the launch of the Binance Inscriptions Marketplace at the beginning of February.

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