Original - Odaily
Author - lucaskog
Recently, Apple launched its first head-mounted display, Apple Vision Pro, once again bringing the concept of the metaverse into the public eye. Bitmap Techs subsidiary Bitmap serves as the Bitcoin ecosystemThe largest metaverse projectThere has also been a considerable increase. Some crypto investment institutions, including ABCDE Labs and OKX Ventures, have expressed support for Bitmap Tech and are betting on this track.
In this article, Odaily will summarize Bitmap Tech’s projects, core and subsidiary assets, and related gameplay.
1. What is BRC 420?
The BRC 420 protocol is an economic protocol based on the Ordinals network. The protocol operates in a decentralized manner, designing a framework that does not require any platform authorization or custody of transactions.
The BRC 420 protocol transfers all revenue directly to creators and emphasizes efficiency and interoperability, so it has important implications for the creator economy, on-chain copyright, and metaverse economics.
Currently, the BRC 420 protocol already supports 2D pictures, 2D animations, audio MP 3 and 3D formats (such as FBX, OBJ).
Generally speaking, the emergence of BRC 420 is to create a universal metaverse protocol and break the incompatibility between various projects (for example: assets in game A can also appear or be used in game B). Below we will explain its practical application in detail.
2. Core assets and gameplay
1. BRC-420 (blue box)
BRC-420 (commonly known as Blue Box in the community) is the first asset officially issued by Bitmap Tech. The current floor price has exceeded 0.7 BTC, and it is the core asset for the entire ecological empowerment. Those who hold the blue box will receive dividends from future ecological income, as well as irregular ecological cooperation project airdrops, as well as whitelist qualifications for Bitcoin ecological cooperation projects and other privileges.
Although the blue box looks like an NFT on the outside, it will soon beTokenization. At that point, each blue box can be redeemed for 2,100 tokens. BRC-420 is suitable for large-scale capital layout and is also convenient for market making.
2、Bitmap
Bitmap is a set of open source standard protocols proposed by blockamoto based on Ordinals on June 13, 2023, aiming to establish a Metaverse Block consensus on the Bitcoin chain.
Bitmap defines block ownership for holders within its ecosystem. On this basis, indexers or projects developed based on Bitmap can have their own rules to interpret block data, map different Metaverse scenarios, and develop different functions for Bitmap holders.
Currently, Bitmap has achieved an increase from US$1 to US$250, and its market value has surpassed Sandbox to become the most popular blockchain metaverse project.
There are already many project parties creating projects based on the BRC 420 protocol and Bitmap’s land attributes. The following will introduce a game developed by the Bitmap Tech team. For other project details, please refer to itswhite paperCollection in .
Bitmap.game
Bitmap.game is a Bitmap explorer developed by the Bitmap Tech team. The website automatically recognizes the NFT avatar of the Bitcoin ecosystem and adds it to the plot owned by the player, and the player can enter the online room (similar to the QQ chat room). But the difference is that all characters and decorations (including furniture, floors, and even background music) in the Bitmap plot are deployed on BRC 420 to support transactions.
3、Merlin Chain
Merlin Chain was launched by the Bitmap Tech team and led by many well-known investment companies including OKX Venture.
Merlin Chain is based on the zk-Rollup Layer 2 of the Bitcoin network. It packages and records its second-layer transaction proof in the Taproot of the Bitcoin network.
The difference between Merlin Chain and other Layer 2 projects lies not only in technical strength (through the account abstraction protocol, the successful integration of Bitcoin wallets on the EVM chain), but also in its focus on"Bitcoin native", committed to contributing to the development of Bitcoin.
On Merlin Chain, native users of the Bitcoin ecosystem can continue to use their Bitcoin wallets and switch freely between the first- and second-tier networks to achieve seamless interchange between Bitcoin and other assets. At the same time, users of the Ethereum ecosystem can also use their familiar EVM wallet to interact and transfer native assets to Merlin Chain through cross-chain bridges.
This design makes Merlin Chain a diversified and efficient ecosystem, attracting partners from various fields. Merlin Chain also supports a variety of inscription protocols, and users can mint inscriptions on one layer of Bitcoin at a lower price and faster speed on Merlin Chain. In the future, Merlin Chain is expected to expand its ecological scale, attract more ecological partners, and realize more application scenarios.
The vast majority of Merlin Chain governance tokens will be released to users and the community based on the pledges and activities of users on the chain. Recently, Merlin Chain launched the Launchpad debut event. Odaily also provides detailed interaction on thisTutorial. However, as the popularity continues to rise, some popular BRC 420 assets have also been issued, such as Merlin Hat, etc., which require investors to DYOR.
3. Ancillary assets and gameplay
1、Mineral
Mineral is a BRC 420 inscription powered by Bitcoin mining and is used as follows:
(1) Get Bitcoin by staking Mineral on the second layer: No matter how the market changes, you can get Bitcoin income by staking Mineral.
(2) Through staking mining, you can also obtain the second-layer treasury token Mner, and the treasury will continue to increase its holdings of new RWA interest-earning assets as the project develops. In addition, Mineral will cooperate with projects also based on BRC 420 and achieve multiple mining with one coin by staking Mineral inscriptions in L2.
2、Blue Wand
Bitzarrd is an autonomous world built on bitmap theory. The Blue wand is a key item in the Bitzarrd ecosystem and represents the Bitzarrd Autonomous World Council. There are 42,000 Blue wands in total, with each Blue wand holder receiving a fixed allocation of BTZD tokens.
The fixed distribution of BTZD tokens ensures financial stability for Blue wand holders and enables them to play an important role in the Bitzarrd ecosystem. Blue wand holders can gain advantages in games and influence decisions. The Blue wand will transform based on the evolution of the Bitzarrd ecosystem and may introduce new elements and capabilities to adapt to the changing autonomous world.
3、This song about NFTs
Some time ago, Musk complained that NFT assets on Ethereum were not completely decentralized. Someone deployed Musks music box to the chain through the BRC 420 protocol. This song about NFTs is essentially a meme attribute. The current floor price has reached US$1,000, which also reflects the strong consensus (hype spirit) of the BRC 420 community in disguise.
4. Summary
With the support of major investment institutions, the Bitmap Tech team, as a pioneer in the Bitcoin Metaverse ecosystem, has opened up new Metaverse rule templates and cases, leading the wave of Layer 2 in the Bitcoin ecosystem.
Currently, Bitmap Tech is still developing a more complete compiler and hopes that more developers and players will participate.
