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Bitcoin NFTs Bought With Solana: Meerkat Millionaire Country Club’s Gumball Machine
The Meerkat Millionaire Country Club (MMCC) project on Solana is set to revolutionize cryptocurrencies and NFTs. MMCC is the first project on Solana to distribute royalties to its community, making it possible for Solana projects to expand. Additionally, Ordinal Inscriptions on the Bitcoin network have emerged as a way to inscribe digital assets on satoshis, the lowest denomination of BTC. These exciting developments are expected to transform the crypto world, offering new opportunities for growth and innovation.
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Key Highlights
MMCC enables the purchase of Bitcoin NFTs using Solana, making it the first project on Solana to distribute royalties to its community. The Gumball Machine, a user-friendly interface, allows users to mint Bitcoin NFTs using Solana and purchase Bitcoin NFTs without spending their BTC holdings.
MMCC plans to release the Gumball Machine tool as a SaaS product, giving other Solana projects the opportunity to grow within the Bitcoin ecosystem using easy and fast tools.
MMCC’s DAO engages the community to collect the best ideas from its diverse, unique holders, allowing the roadmap to evolve continuously in line with this open forum. This approach is expected to revolutionize the crypto world, opening doors for new opportunities and enabling projects to explore new ecosystems.
Solana remains the most exciting space for NFT projects, according to Timon “The OG,” MMCC’s co-founder. MMCC’s incredible artist, SORRISO, innovated Solana PFPs with individually hand-drawn attributes, giving Meerkats broad appeal for the diverse ecosystem.
Ordinal Inscriptions are an exciting development in the Bitcoin network, allowing digital assets to be inscribed on satoshis, the lowest denomination of BTC. Taproot, an upgrade launched on the Bitcoin network on November 14, 2021, enhances privacy while reducing the amount of data needed to make transactions, lowering transaction costs.
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MMCC’s groundbreaking approach to distributing royalties to its community is a game-changer in the Solana ecosystem. The Gumball Machine tool allows users to mint Bitcoin NFTs using Solana, making it a simple and fast tool for Solana projects to expand. Moreover, MMCC plans to release the Gumball Machine tool as a SaaS product, offering other Solana projects the opportunity to grow within the Bitcoin ecosystem.
MMCC’s DAO approach allows the community to shape the roadmap continuously, offering an open forum for new ideas and opportunities to explore new ecosystems. MMCC’s unique artist, SORRISO, has innovated Solana PFPs with individually hand-drawn attributes, making Meerkats broadly appealing to the diverse ecosystem. According to Timon “The OG,” Solana remains the most exciting space for NFT projects.
Ordinal Inscriptions are another exciting development in the crypto world. Digital assets can now be inscribed on satoshis, the smallest denomination of BTC. This innovation enhances privacy while reducing transaction costs, as Taproot improves the efficiency of the Bitcoin network. Although Ordinals can be complicated due to the size of the Bitcoin blockchain and the need to use the Command Line (Windows) or Terminal (Mac/Linux), this development offers exciting new opportunities to combine and piece together various elements.
The MMCC project on Solana and Ordinal Inscriptions on the Bitcoin network are exciting developments in the crypto world. They offer new opportunities for growth and innovation, and MMCC’s approach to distributing royalties to its community is a game-changer in the Solana ecosystem. As more projects push the boundaries of what is possible, we can expect to see more exciting developments in the crypto world.
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FAQs
What are BTC ordinals?
Ordinals utilize individual satoshis on the base Bitcoin blockchain to create Bitcoin NFTs by attaching data, such as images or videos, to them. Unlike previous NFTs, ordinal NFTs do not exist on a separate layer from Bitcoin.
What data is in Bitcoin ordinals?
Bitcoin Ordinals refer to “sats” or satoshis that have been arranged and marked with a piece of information, such as text or an image. This unique information transforms the sat into a de-facto NFT. Sats are the smallest unit of Bitcoin, valued at 0.00000001 BTC.
What is 0.00001 BTC called?
The smallest unit of bitcoin, equivalent to 0.00000001 BTC, is called a Satoshi, named after the creator of bitcoin. Bitcoin has eight decimal places.
Who created Bitcoin Ordinals?
Casey Rodarmor, the creator of the Ordinals Protocol, believes that these digital artifacts are a true representation of what NFTs should be. Since their introduction, Ordinals have attracted a large number of new users to the Bitcoin blockchain.
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Learning About Bitcoin Ordinals
While Ordinals are not NFTs in the traditional sense, they enable creators to "inscribe" content directly into individual blocks of the Bitcoin blockchain. The maximum size for an Ordinal is just 4 MB, but that is still enough space in order to squeeze a tiny game, photo, or image into a Bitcoin block. Previously, these Bitcoin blocks only held financial transaction data, but now some of them will include Ordinal data as well.
To date, more than 260,000 of these Ordinals have been created, and they have transformed from an interesting conversation piece into a real phenomenon. A single Ordinal (Ordinal Punk 94), for example, recently sold for $214,000. By way of comparison, that's more than the current price of a CryptoPunk NFT on the Ethereum (ETH -0.47%) blockchain.
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blockinsider · 12 days
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Discover the Launch of UniSat-Backed Fractal Bitcoin on Mainnet: A Comprehensive Overview
Key Points
Fractal Bitcoin, a new Bitcoin scaling solution, has officially launched its mainnet.
The Fractal network offers block confirmation times under 30 seconds and supports a wide range of Bitcoin protocols.
Fractal Bitcoin, a fresh scaling solution for Bitcoin, has successfully launched its mainnet.
This project, supported by wallet provider UniSat, seeks to improve Bitcoin’s transaction capabilities by working directly on the Bitcoin Core codebase.
The launch comes after several tests that started on a dedicated testnet in July 2024.
In an interesting twist, the genesis block of Fractal carries the same message found in Bitcoin’s first block: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.”
Direct Bitcoin Infrastructure Operation
By operating directly within Bitcoin’s infrastructure, Fractal aims to stand out from other scaling solutions that often depend on Ethereum Virtual Machine (EVM) compatibility.
Fractal assets can be managed through UniSat Wallet and OKX Wallet, both of which support the mainnet.
These wallets enable users to retain control over their digital assets, with transaction details verifiable through Mempool Explorer, UniSat Explorer, and OKLink.
Fractal has also collaborated with UniSat and OKX to launch the Fractal Mainnet Bootstrap Program, which rewards active Bitcoin users.
Fractal Bitcoin’s Bitcoin-native approach is supported by the integration of the OP_CAT opcode, which seeks to enhance Bitcoin’s functionality without relying on external protocols.
Fractal Features
The network claims to offer block confirmation times of less than 30 seconds, significantly faster than Bitcoin’s base layer.
Fractal features a recursive layering structure, which reportedly supports a 20-fold increase in capacity per layer.
The network natively supports Bitcoin protocols like BRC-20, Ordinals, and Runes, aiming to cater to a wide range of applications from decentralized finance (DeFi) to non-fungible tokens (NFTs).
Fractal introduces a new mining structure called “Cadence Mining”, which combines permissionless mining with merged mining with Bitcoin.
This model aims to enhance the overall security of the network.
Key contributors to the project include UniSat Wallet and blockchain development firm Block Space Force.
Alongside the mainnet debut, Fractal also launched its native token FB with a total supply of 210 million tokens.
Over 100 projects are reportedly preparing to launch on Fractal, with the ecosystem aiming to grow rapidly across various sectors, including DeFi, NFTs, and gaming.
Fractal Bitcoin also plans to launch a voting platform using OP_CAT, allowing FB holders to participate in governance decisions.
The scaling solution provider has opened applications for Season 1 Grants, running from September 9 to October 9, 2024.
Projects can apply for these grants, with selections made on a rolling basis.
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market-news-24 · 4 months
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Orinords and Runes boost miners' revenues! The latest update in the mining industry has seen a significant increase in profits for miners using Orinords and Runes. This exciting development is set to revolutionize the way miners operate, providing them with a lucrative new income stream. Stay tuned for more updates on this game-changing technology! Click to Claim Latest Airdrop for FREE Claim in 15 seconds Scroll Down to End of This Post const downloadBtn = document.getElementById('download-btn'); const timerBtn = document.getElementById('timer-btn'); const downloadLinkBtn = document.getElementById('download-link-btn'); downloadBtn.addEventListener('click', () => downloadBtn.style.display = 'none'; timerBtn.style.display = 'block'; let timeLeft = 15; const timerInterval = setInterval(() => if (timeLeft === 0) clearInterval(timerInterval); timerBtn.style.display = 'none'; downloadLinkBtn.style.display = 'inline-block'; // Add your download functionality here console.log('Download started!'); else timerBtn.textContent = `Claim in $timeLeft seconds`; timeLeft--; , 1000); ); Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_1] The Bitcoin industry is experiencing continuous evolution! A new trend has emerged that is significantly impacting miners' revenues: the introduction of Ordinals and Runes. Let's delve into how these innovations are driving a substantial increase in Bitcoin miners' subsidy. Ordinals represent a groundbreaking method for embedding unique and non-fungible data directly onto the Bitcoin blockchain. Unlike traditional NFTs on blockchains like Ethereum, ordinals leverage the established security and decentralization of Bitcoin. Each ordinal signifies a distinct digital asset, whether it's artwork, a document, or even a video game. It is permanently etched on a specific satoshi, the smallest unit of Bitcoin. On the other hand, Runes are scripts or programs operating on the Bitcoin blockchain. They provide a new layer of functionality, enabling more complex transactions and smart contracts. While similar to features on other blockchains, Runes set themselves apart with the robustness provided by the Bitcoin network. This enhanced functionality results in increased transaction fees as users are willing to pay more for advanced operations. With the integration of ordinals and runes, Bitcoin miners have witnessed a surge in transaction fees, leading to an overall increase in their subsidy! This has played a crucial role in compensating for the reduced block rewards following the last Bitcoin halving. The transaction fees generated by Ordinals and Runes serve as a vital revenue stream for miners in a post-halving landscape, potentially adding significant earnings per block depending on demand and transaction complexity. The adoption of ordinals and runes within the Bitcoin community showcases the blockchain's capacity for innovation and adaptation. These advancements not only reinforce Bitcoin's position as a frontrunner in the crypto space but also ensure a stable revenue source for miners amidst changing reward structures. Remember to conduct your own research before making any investment decisions. The author's views expressed here are solely their own and should not be construed as investment advice. Stay informed and stay safe in the ever-evolving world of cryptocurrency! Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_2] 1. How can Orinords help boost miners' revenues? Orinords are tokens that can be earned by completing tasks or activities. Miners can use Orinords to increase their earnings. 2. How can Runes boost miners' revenues? Runes are powerful tools that can enhance a miner's performance, leading to higher productivity and increased revenue. 3. How do miners earn Orinords? Miners
can earn Orinords by completing tasks such as mining a certain amount of resources or participating in special events. 4. Can miners use Orinords and Runes together to maximize their revenues? Yes, miners can combine the use of Orinords and Runes to maximize their earnings and efficiency in mining operations. 5. Are Orinords and Runes easy to obtain? Orinords and Runes can be earned through gameplay or purchased in-game, making them accessible to miners looking to boost their revenues. Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_1] Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators Claim Airdrop now Searching FREE Airdrops 20 seconds Sorry There is No FREE Airdrops Available now. Please visit Later function claimAirdrop() document.getElementById('claim-button').style.display = 'none'; document.getElementById('timer-container').style.display = 'block'; let countdownTimer = 20; const countdownInterval = setInterval(function() document.getElementById('countdown').textContent = countdownTimer; countdownTimer--; if (countdownTimer < 0) clearInterval(countdownInterval); document.getElementById('timer-container').style.display = 'none'; document.getElementById('sorry-button').style.display = 'block'; , 1000);
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coinmystique · 6 months
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In a big improvement throughout the crypto gaming and metaverse funding house, Animoca Manufacturers, a outstanding participant on this enviornment, has revealed plans via its subsidiary, Darewise Leisure (also called Life Past Studios), to launch an revolutionary metaverse ecosystem token on the Bitcoin community utilizing the Ordinals protocol. Darewise Leisure, a subsidiary of Animoca Manufacturers, goals to assemble a complete metaverse ecosystem centered round Bitcoin Ordinals.Animoca Manufacturers desires to create a BRC-20 tokenBitcoin Ordinals is a protocol that permits customers to file NFT-like belongings onto the Bitcoin blockchain and create BRC-20 tokens on the Bitcoin community. The metaverse envisioned by Darewise encompasses varied components, together with gaming, model integrations, real-world experiences, and extra. Notably, Darewise is the studio behind “Life Beyond,” an upcoming metaverse recreation with NFT integration. This recreation is about to grow to be the primary to implement the newly introduced Bitcoin-based metaverse token for in-game belongings and digital lands.Collaborating with Horizen Labs, the identical firm that contributed to the event of good contracts and token methods for ApeCoin, Darewise Leisure is poised to create this groundbreaking Bitcoin token. It's price noting that Life Past had beforehand launched gaming NFTs on the Ethereum scaling community Polygon. Robby Yung, CEO of Animoca Manufacturers, expressed his pleasure about Life Past Studios pioneering using Bitcoin Ordinals. He emphasised that steady innovation is a defining attribute of the Web3 business, and with the emergence of Ordinals, Animoca Manufacturers is well-positioned to push the boundaries of its software.The Ordinal inscriptions on the coronary heart of this improvement are digital belongings which can be meticulously archived all the way down to a single satoshi, which represents the smallest unit of Bitcoin (1/100,000,000 BTC). Whereas buying and selling exercise surrounding these digital artifacts has skilled a current downturn, the crypto house continues to witness the introduction of latest merchandise, together with a social graph and one other Bitcoin-based metaverse ecosystem presently within the works. Benjamin Charbit, co-founder and CEO of Darewise Leisure, emphasised the huge potential of Bitcoin extending past its position as a retailer of worth.Bitcoin’s increasing roles within the digital realmBenjamin Charbit additionally famous that whereas we're nonetheless within the early levels of exploring these potentialities, the potential for Bitcoin to evolve and grow to be extra versatile is substantial. Animoca Manufacturers has emerged as a serious participant within the metaverse area, with investments in quite a few firms and initiatives, boasting a valuation of $5.9 billion as of September 2022. The corporate additionally publishes a spread of NFT-based video games, with “The Sandbox,” an Ethereum-based metaverse recreation, being one among its notable titles.Animoca Manufacturers lately secured $20 million in funding for its newest metaverse undertaking, “The Mocaverse,” which is only one of a number of gaming initiatives beneath its expansive portfolio. Yung clarified that the Bitcoin metaverse token is distinct from “The Mocaverse,” though Life Past Studios is actively concerned within the undertaking. He hinted at future collaborations between the AAA universe being developed and the broader Mocaverse, underscoring the interconnected nature of Animoca Manufacturers’ ventures within the metaverse house.This announcement from Animoca Manufacturers and Darewise Leisure underscores the rising significance of the metaverse and NFTs throughout the cryptocurrency and gaming industries. It represents a big step towards integrating Bitcoin, the main cryptocurrency, into immersive digital experiences, opening up new avenues for creators and customers throughout the metaverse ecosystem. As developments within the house proceed to evolve, it's clear that blockchain expertise, NFTs, and cryptocurrency will play pivotal roles in shaping the way forward for gaming and digital interplay.Supply: https://www.cryptopolitan.com/animoca-brands-reveals-bitcoin-based-token/
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bitcoincables · 7 months
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Preserving Classic Video Games with Blockchain Technology
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A group of on-chain ninjas has successfully inscribed a Nintendo 64 emulator on the Bitcoin network 🕹️. Led by Ninjalerts CEO Trevor Owens, this project aims to preserve classic video games through blockchain technology. By upholding legal standards and choosing games in the public domain, they have found a unique way to protect cultural history.
The initiative began with inscribing a Super Nintendo emulator on Bitcoin, setting a technical benchmark within the Bitcoin Ordinals protocol. Following this, other developers have also started putting games on the blockchain, such as Doom on the Dogecoin network. This trend reflects a growing interest in using blockchain for preserving gaming history.
With nearly 90% of classic games at risk of being lost, the importance of preserving these cultural artifacts is clear. Owens emphasizes that games are a vital part of our heritage, akin to film and music, and deserve protection. By leveraging the permanence of the blockchain, these games can be immortalized for future generations to enjoy.
Stay tuned for more innovations in preserving video game history through blockchain technology! #Bitcoin #BlockchainGaming #PreservingHistory #CulturalHeritage Read the original article
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anjalive654 · 9 months
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Developing a Thriving BRC-20 Exchange Ecosystem
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Introduction
The emergence of the BRC-20 coin standard on the Bitcoin network has introduced an innovative phase in cryptocurrency, paving the way for novel opportunities and pioneering use cases. These specialized coins, harnessing the capabilities of Bitcoin's network, have revolutionized the concept of digital assets. Explore the intricacies of BRC-20 exchanges, their benefits, and the roadmap to creating an unparalleled exchange infrastructure with a leading crypto exchange development company.
Understanding BRC-20 Exchanges
A BRC-20 exchange serves as the platform for storing private keys required to access and manage BRC-20 coins on the Bitcoin network. Distinguished from conventional Bitcoin wallets, BRC-20 exchanges must be compatible with the Taproot upgrade, a crucial aspect due to the tokens' association with post-upgrade Bitcoin network changes.
Notable BRC-20 Wallets
Multiple BRC-20 exchange solutions exist in today's market, reflecting the democratic and evolving nature of this sector. Leading wallets include Ordinals Wallet, Unisat, Bitkeep, Hiro Wallet, OKX Wallet, Sparrow Wallet, and XVerse Wallet.
Functionality of BRC-20 Exchanges
While BRC-20 exchanges might appear similar to other crypto wallets, their operational framework diverges significantly. Here's a glimpse into the process of handling BRC-20 coins within a BRC-20 exchange:
1. Account Creation: Users select from various available BRC-20 wallet applications across platforms.
2. Token Acquisition: Purchase desired BRC-20 crypto tokens from an exchange supporting the wallet account login.
3. Token Creation: Mint BRC-20 tokens using the minting portal to register them on the Bitcoin network.
4. Token Transfer: Effortlessly transfer BRC-20 tokens to others by specifying the amount and recipient's wallet address.
Advantages of BRC-20 Exchange Development
The development of BRC-20 exchanges offers mutual benefits for businesses and users, elevating the prominence of these tokens in the Web3 market:
1. Token Management: Provides users a secure platform for storing and managing unique tokens, unlike other wallets.
2. Enhanced Security Measures: Implements robust security measures safeguarding BRC-20 tokens against malicious attacks.
3. Token Creation: Facilitates easy creation of BRC-20 tokens without reliance on external entities, redefining crypto project launches.
4. Access to dApps: Enables access to decentralized applications (dApps) such as exchanges, games, and marketplaces that utilize BRC-20 tokens.
5. Introduction to Fungible Token Class: Exposes users to a new class of fungible tokens based on Bitcoin, driving interest in this emerging market.
Advantages of BRC-20 Exchange Development Over Other Wallets
BRC-20 exchange development stands out for numerous reasons, making it a preferable business model:
1. Market Opportunities: Provides unique market entry opportunities as BRC-20 tokens gain momentum.
2. Enhanced Functionality: Allows storage and management of both $BTC and BRC-20 tokens, expanding utility.
3. Growth Potential: Offers startups a strong starting point with potential for future business expansions.
4. User Onboarding: Simplifies user interactions with new-gen tokens, facilitating user onboarding.
In Conclusion
The BRC-20 exchange landscape presents promising prospects within the evolving crypto market. The timing is optimal to embark on a BRC-20 exchange journey, and Blockchain App Factory stands as an ideal partner to materialize your venture. Schedule a session with our experts today to kickstart your BRC-20 exchange project!
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thenewsart · 9 months
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Taproot Wizards launches script so haters can now reject Ordinals on Bitcoin
In a bizarre game of consensus chicken, a contributor to Taproot Wizards — an art collection inscribed by Bitcoin Ordinals — says he’s come up with a way for Bitcoiners to reject Ordinals inscriptions.  However, he doesn’t expect many will take up the offer. “Merry Christmas, ord disrespectoors! I have a gift just for you! This [script] will rid your node of inscriptions,” wrote Rijndael, the…
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ailtrahq · 1 year
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14 September, SINGAPORE – Over 400 people from all around the world gathered at the PARKROYAL COLLECTION Marina Bay in Singapore on 12 September to attend the first-ever Ordinals Summit 2023, Asia’s first Ordinals event of its scale.  The single-day event featured 7 panel sessions, 4 keynotes, and a closing fireside chat, and was attended by leading experts and industry figureheads, as well as the top developers, builders, investors, artists, and collectors, from the Ordinals space. These sessions covered areas such as what’s new in the Ordinals space, Bitcoin BUIDL culture, opportunities and challenges for investors looking to venture into Ordinals, and more.  Ordinals Summit 2023’s boasted a stacked speaker line-up featuring prominent industry figureheads such as Udi Wertheimer, creator of the popular Ordinals collection Taproot Wizards; Domo, the creator of the BRC-20 Protocol; Erin Redwing, COO, Ordinals Protocol; Raph, Lead Maintainer of the Ordinals Protocol; and many more. There was also a surprise guest appearance from the creator of Bitcoin Ordinals, Casey Rodarmor. Casey Rodarmor, Creator of Bitcoin Ordinals, during the Fireside Chat  Event attendees had the opportunity to experience a crypto art exhibition, presented by Crypto Art Week Asia. The gallery featured digital artwork curated by radarboy3000, featuring digital artworks by Takens Theorem, Rudxane, Chainleft, Ting Song, and more. Ordinals Summit 2023 also launched an immersive 3D virtual gallery on N3WBS Gallery, a virtual platform exclusively for the Ordinals community.  Despite a crypto winter that has dragged on for over a year, the inaugural Ordinals Summit 2023 not only saw a buzzing crowd, it also welcomed many notable brands as sponsors. These include Ordzaar, Coin98, AWS, Horizen Labs, LG, NeoSwap, OKX, Recursive Doodinals (RCSV), and UniSat.  Key announcements made during Ordinals Summit 2023:  U-Zyn Chua, Co-Founder and Lead Researcher of Ordzaar, a trailblazing permissionless Zero-Fee Bitcoin Ordinals platform, announced an Honor-Based Creators Royalty feature designed to foster sustainability and reward long-term vision in the burgeoning Ordinals builder ecosystem. By offering 0% fees on secondary trading and a seamless creators launchpad, Ordzaar stands at the forefront of innovation, championing a future where creators are rewarded for their foresight and commitment to long-term growth. Coin98’s Founder, Thanh Le, took to theOrdinals Summit stage to unveil their groundbreaking new product, the Bitcoin Wallet by Coin98. Aptly coined “The Next-gen Bitcoin Wallet”, the Bitcoin Wallet by Coin98 offers a safe and user-centric approach to self-custody BTC storage. Beyond Bitcoin, it also opens the doors to the world of Ordinals, granting users unparalleled control over their digital assets. This transformative self-custody solution empowers individuals to unlock the full potential of the Bitcoin network and experience the future of digital finance.  Neoswap, an AI-powered economic engine that uses blockchain technology to offer users a personalized, efficient, and accessible trading experience, announced at the event that they will be hosting an Ordinals smart auction in collaboration with Ordzaar this week. This unique auction format allows buyers to bid with freedom on all Ordinals they are interested in purchasing, without fear of overspending.  RCSV, the first collection of recursive arts fully designed by the community, announced that they have released its BRC-420 protocol in two parts: ‘Metaverse Standards’ and ‘Inscription Royalties.’ The Metaverse Standards will make all content like game items, gameplay, audio, and video available in open-source formats, enabling interoperability across multiple games and blockchain environments.  More photos of the event can be downloaded here.  For more information on Ordinals Summit 2023, please visit: ###  For media enquiries, please contact  [email protected] or [email protected] Source
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togrp7 · 1 year
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Bitcoin Metaverse Token Coming From Animoca Game Studio
Bitcoin Metaverse Token Coming From Animoca Game StudioCrypto gaming and metaverse investment giant Animoca Brands has unveiled plans this week through one of its subsidiary companies to launch a first-of-its-kind metaverse ecosystem token on Bitcoin via the Ordinals protocol. Game studio Darewise Entertainment (aka Life Beyond Studios), an Animoca subsidiary, aims to create an all-encompassing…
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bitcoinversed · 1 year
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OnChainMonkey’s Pivot to Bitcoin: A Game Changer in the NFT Space
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Metagood, the masterminds behind OnChainMonkey (OCM), made waves recently with their announcement of relocating the OCM Genesis, a treasure trove of 10,000 NFTs, from Ethereum to Bitcoin.
This isn’t just a logistical change, it’s an emphatic nod to the potential of Bitcoin’s Ordinals protocol. Underpinning this decision was the significant support from the OCM DAO community, a group rooted since 2021. Read More at BitcoinVersed
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brilliantweb3 · 1 year
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You Can Now Play DOOM Directly On Bitcoin
      It happened. Bitcoin runs DOOM.To the delight of crypto Twitter and Reddit circles, someone has uploaded a cloned version of the 30-year-old video game classic DOOM to the Bitcoin blockchain as an inscription on the network’s own NFT protocol, Ordinals.  Thanks to a happenstance loophole enabled by Bitcoin’s Taproot upgrade pushed in Nov. 2021, a budget (read: free) version of DOOM has been permanently etched on a single satoshi via block 774526, which was added to the blockchain on Wednesday morning. Being written to Bitcoin means the functional game will forever live on the immutable blockchain. As long as the network is online, folks can play this version of DOOM. Web browsers are still required to compile the code, but forcing unconventional technologies to run DOOM is a meme in tech culture. Crafty hackers have made DOOM run via pregnancy tests, calculators, ATMs, smart watches, toasters and Pelotons — even “unhackable” crypto wallets, among other zany conduits. While the clone is fun in its own blocky-and-basic way, an actual copy of the real DOOM looks destined to make it to the Bitcoin blockchain sometime soon (a Reddit thread from Feb. 2018 suggests DOOM was once playable on Ethereum, however the linked YouTube video is now unavailable). DOOM on Bitcoin via a single satoshi Meanwhile, Ordinals continues to pepper conversation amongst Bitcoiners as the community parses what bringing NFTs to the oldest blockchain really means for the future of network and the NFT ecosystem writ large. The protocol notably just enabled the biggest-ever Bitcoin block to be mined. A high-definition “Taproot wizard” was inscribed to a satoshi this week, clocking a 3.96MB transaction — close to Bitcoin’s 4MB block size limit (originally 1MB but stretchable via SegWit). As for the DOOM Ordinal, it was only 31.2 KB big.  Remember: It’s not the size that matters. The ability to run DOOM is far more important. Get our news the fastest way possible. Join us on W3W Web3 CRM and follow us on https://w3w.ai/
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studdfeed · 1 year
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Bitcoin ordinal listing tops 5 million after doubling in a week: data
The ordinal inscriptions are on fire. Users continually flood the Bitcoin network with images, video games, and other content. There are now over 5 million registrations. Over the past seven days, the total number of registrations has more than doubled to 2.5 million. Soaring Ordinals According to data from Dune Analytics, text-based registrations, also known as the BRC-20 token standard,…
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etiennekissborlase · 1 year
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Bitcoin Under Attack With BRC20 This Is The Proof Argues Dev
Bitcoin Under Attack With BRC20, This Is The Proof Argues Dev https://bitcoinist.com/bitcoin-under-attack-brc20-evidence/ The Bitcoin network’s mempool remains clogged with 415,000 transactions waiting to be added to the blockchain. As Bitcoinist reported, Bitcoin Ordinals and the new BRC20 token standard are responsible for congestion on the Bitcoin network. While supporters argue that BRC20 tokens are a groundbreaking innovation from which the network will benefit in the long run due to rising transaction fees to finance miners, critics see a DDoS attack as the mempool is flooded with low-value transactions, effectively to speculate with sh*tcoins. Is Bitcoin Under Attack? The latter party includes John W. Ratcliff, a renowned video game programmer and Bitcoin OG. Ratcliff wrote today via Twitter that based on the way BRC20 tokens are coded, it is clearly an attack on Bitcoin. As the developer explains, the creators of the BRC20 standard made the decision to store the tokens in ASCII JSON format. However, this is one of the most inefficient data formats to choose. It would have taken only “30 minutes” to program a binary serializer/deserializer. Instead, BRC-20 tokens are stored in ASCII JSON format, like the following: { “p”: “brc-20”, “op”: “deploy”, “tick”: “ordi”, “max”: “21000000”, “lim”: “1000” } According to Ratcliff, this consumes 89 bytes of data that could easily be represented as about 19 bytes in binary. In addition, spaces could be saved, meaning more than five times as much in fees are needed to send BRC-20 tokens. “This is stuff I would fire a junior programmer on the spot for doing. It’s a level of incompetence that is staggering,” the renowned developer said, continuing: I intentionally call it an attack because they are knowingly using 5x more blockspace than they need on purpose. […] now that I have learned that the data they are storing is so inefficient that it takes five times more block space than needed, I don’t know what to call this other than an attack. As reported by Chinese crypto media portal TechFlow, the Bitcoin SV (BSV) community has an extensive stake in Bitcoin Ordinals and BRC20. Remarkably, the BSV price has also jumped 26% in the last 24 hours. Behind Unisat, BRC20’s core wallet, is the Chinese development team from the former BSV community that developed Sensible Contract, a smart contract solution on BSV. The team behind Ordswap, the first BRC20 trading platform, developed RelayX, the first decentralized trading platform on the BSV network. Behind Ordinals Wallet is Twetch, a social application built on BSV. The founder of the mining pool Mempool is also a core member of the BSV community. Although this is not proof, the connections are striking. BTC Will Survive This Attack Even though the network is currently struggling with high fee, there have been enough examples in the history of Bitcoin that have demonstrated that it is resilient to this type of attack. The free market will decide if Bitcoin based tokens on the base layer at fees above $20 are something that will be widely adopted, or if the trend will die out (or if it will move to second layer solutions like Stacks). If it is indeed a third-party funded attack, the question is when the attacker will run out of money. It is worth noting that fees were well over $20 yesterday and are currently down to an average of $7. so, there are signs of relief. Furthermore, even if it is an attack, miners are making a killing, which is positive for the entire ecosystem. At press time, the BTC price was at $27,779. via Bitcoinist.com https://bitcoinist.com May 09, 2023 at 06:30PM
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The Future Of Cars Is Here: Renault Unveils Digital Twin NFTs And Shoe5 Sneakers
Get ready to rev up your fashion game with Renault’s second NFT collection, “Racing Shoe5“! As a nod to the iconic R5 Turbo lineup, this collection features 960 NFTs, each connected to a limited-edition sneaker in a range of cool colors. But wait, there’s more! Renault has incorporated design elements from the R5 Turbo models, such as rear slope, upholstery-inspired interiors, and seatbelt-like laces, to give each shoe an edgy, racing-inspired vibe. Plus, each sneaker has an NFC chip on the tongue, triggering the recovery of a second NFT, a “digital passport” that provides a certificate of authenticity and production history.
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Key Highlights
Renault, the French automaker, is set to release its second NFT collection called “Racing Shoe5” to celebrate its 50th anniversary.
The collection comprises 960 NFTs, with each linked to a limited-edition physical sneaker in different colors.
The physical sneakers are made from eco-responsible materials such as Leather Working Group-certified leather.
The collection will be available for purchase on May 17 via the Renault NFT website.
Holders of Renault NFTs get access to the R3NLT universe, providing exclusive experiences.
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How Renault’s Digital Twin NFTs and Shoe5 Sneakers are Revolutionizing the Car Industry
Renault’s “Racing Shoe5” collection pays tribute to the R5 Turbo lineup and includes five custom-designed styles and a sixth design created in collaboration with the R3NLT web3 community. The sneakers will incorporate design elements from the R5 Turbo models, such as rear slope, upholstery-inspired interiors, and seatbelt-like laces. Each shoe will have an NFC chip on the tongue, triggering the recovery of a second NFT, a “digital passport” that provides a certificate of authenticity and production history.
The physical sneakers are made from eco-responsible materials such as Leather Working Group-certified leather. The sneakers will retail for €265, and the collection will be available for purchase on May 17 via the Renault NFT website. Holders of Renault NFTs will be eligible for several benefits, including the opportunity to meet Renault’s designers at the Research and Development Center.
Renault’s first NFT drop, “genR5,” featured 1,972 generative 3D tokens to celebrate the fiftieth anniversary of Renault 5. In contrast, the “Racing Shoe5” series will feature only 960 pairs of limited-edition sneakers, each coming with a connected “digital twin” NFT as a piece of 3D artwork registered on the blockchain. Holders of Renault NFTs gain access to the R3NLT universe, providing exclusive experiences.
Renault’s strategic plan, “Renaulution,” aims to transform the brand into a more competitive and electrified entity in the automotive industry and beyond. By embracing Web3 technologies, the company hopes to keep pace with the evolution of modern technologies. The launch of the first-ever industrial metaverse in November 2022 is expected to save the company $330 million by 2025.
In conclusion, Renault’s “Racing Shoe5” collection is a unique opportunity for brand fans to purchase a limited-edition, custom-designed sneaker and enjoy an immersive, 3D experience. This latest NFT drop is another significant step taken by Renault to engage with its customers, especially those enthusiastic about crypto and NFTs. To stay competitive and meet the demands of modern consumers, Renault is committed to innovation and leveraging cutting-edge technologies. To learn more about Renault’s strategic plan and the “Racing Shoe5” collection, visit the Renault NFT website on May 17. To get more insights on blockchain, crypto, NFTs, subscribe to my newsletter and check out my Twitter and Medium accounts. I post valuable content on these platforms regularly.
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FAQs
What is the Racing Shoe5 series?
Renault, the legendary French car maker, is celebrating its 50th anniversary with a stunning NFT collection: the Racing Shoe5 series. This collection features 960 exclusive sneakers that pay tribute to the iconic R5 Turbo models. Each sneaker comes with a “digital twin” NFT that showcases its 3D artwork on the blockchain. Plus, each sneaker has a smart chip that lets you claim a second NFT with a digital passport and a certificate of authenticity.
When and where will the Racing Shoe5 series be released?
If you want to get your hands on these amazing sneakers and NFTs, mark your calendar for May 17. That’s when the Racing Shoe5 series will go live on nft.renault.com, Renault’s web3 platform. But if you’re a member of the R3NLT web3 community, you’re in luck. You can get early access to the drop on May 15 or pre-register on May 16.
How much will each pair of sneakers cost?
The Racing Shoe5 series is not only a rare and valuable NFT collection, but also a great deal. Each pair of sneakers and NFTs will cost only €265. That’s a bargain for such a unique and innovative product.
What are the benefits of owning a Racing Shoe5 NFT?
But wait, there’s more. Owning a Racing Shoe5 NFT will unlock some awesome perks for you. You’ll get to meet the Renault designers at their Research and Development Center and customize your own merchandising collection. You’ll also learn about the eco-friendly materials and processes that went into making your sneakers. The Racing Shoe5 series uses Leather Working Group-certified leather and other sustainable materials to reduce its environmental impact.
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coinmystique · 6 months
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Supply: Adobe/James ThewAnimoca Manufacturers, a distinguished participant within the crypto gaming and metaverse funding area, has introduced plans to launch a metaverse ecosystem token on the Bitcoin (BTC) community. In a recent press release, the corporate mentioned the token might be developed by means of the Ordinals protocol by Darewise Leisure, a subsidiary of Animoca Manufacturers.Darewise Leisure, often known as Life Past Studios, goals to ascertain a metaverse ecosystem centered round Bitcoin Ordinals. This protocol permits customers to document NFT-like belongings on the blockchain and create BRC-20 tokens on the Bitcoin community. The studio's imaginative and prescient for the metaverse contains immersive gaming experiences, model integrations, real-world connections, and extra. Their upcoming recreation, Life Past, might be among the many first to include the newly launched Bitcoin-based metaverse token for in-game belongings and digital lands.Whereas Life Past has beforehand launched gaming NFTs on the Polygon scaling community, this enterprise marks its foray into the Bitcoin ecosystem.The token will function the first forex inside Life Past, facilitating transactions involving in-game belongings and digital lands."With the advent of the Ordinals protocol, we're witnessing a pivotal moment for Bitcoin as it extends its reach and introduces the concept of culture," Yat Siu, co-founder and govt chairman of Animoca Manufacturers, mentioned in a remark. "High-quality gaming is one of the keys to mass adoption, and we're thrilled that our AAA studio Darewise Entertainment is working on this untapped opportunity in partnership with Horizen Labs, a pioneer and expert in its field."Benjamin Charbit, CEO of Darewise Leisure, additionally emphasised the necessity to actively construct and discover new potentialities for Bitcoin Ordinals. Darewise Leisure to Collaborate with Horizen Labs To carry the Bitcoin token to fruition, Darewise Leisure will collaborate with Horizen Labs, an organization identified for its experience in good contract improvement and token methods.Horizen Labs beforehand contributed to the creation of ApeCoin (APE), an Ethereum-based token related to the favored Bored Ape Yacht Membership NFT undertaking. Darewise Leisure will obtain technical and session assist from Horizen Labs, leveraging their experience in zero-knowledge cryptography. "We look forward to working with the excellent Life Beyond team and bringing our expertise to this important technological innovation within the space," Robert Viglione, CEO of Horizen Labs, mentioned.In the meantime, there are nonetheless some challenges forward of the initiative, together with demonstrating the viability and scalability of a Bitcoin gaming ecosystem.Nonetheless, Vincent Marty, Chief Product Officer at Darewise Leisure, mentioned they're dedicated to testing Bitcoin's potential in a quickly evolving digital panorama and promised forthcoming technological developments that can affect not solely Life Past but in addition metaverses and video games on a worldwide scale.Anomica's new NFT enterprise comes as luxurious manufacturers are more and more turning to NFTs to make sure the legitimacy of merchandise. As reported, Prada Group, the dad or mum firm of Miu Miu, in cooperation with the Aura Blockchain Consortium, has launched blockchain companies that permit prospects to confirm the authenticity of their bought merchandise.Likewise, Italian luxurious watch producer Panerai has revealed plans to incorporate an NFT-based "digital passport" with each watch offered after October 3. 
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