UniSat Wallet is set to launch the UniSat Marketplace for NFT Collections next week. The marketplace is claimed to have fees under 1%, specifically reducing the service fee from 1.6% to a lower 0.x%. This makes UniSat Marketplace one of the platforms with the lowest fees compared to existing NFT marketplaces, which typically have total fees of 2-3%.

UniSat Wallet is the first BRC-20 token-enabled wallet on the Bitcoin network. It is a decentralized application that allows users to create a Bitcoin wallet and interact with the Ordinals protocol. The success of the UniSat Wallet project is influenced by the performance of the BRC-20 tokens on the Bitcoin network. There has been a debate about how memecoins are affecting transaction speeds and causing transaction fees to increase on the Bitcoin blockchain.

In May, there were trends and increased interest in BRC-20 tokens, but their longevity and profitability depend on an individual’s risk appetite. UniSat Wallet had its official launch on April 23 as the earliest BRC-20 supported wallet. However, it experienced an attack by double-spending on April 24, which made the wallet unusable for several hours. The project explained that this was due to the newness of BRC-20 technology and hoped for user understanding.