Hello everyone, we have introduced the BRC20 and ETHS tracks before. These two inscription tracks have produced a strong wealth-creating effect. Today I will introduce Atomicals (hereinafter referred to as ARC20) and the Bitcoin Lightning Network project.
The concept of Atomicals
The Atomicals protocol is a simple yet flexible protocol, a way to organize the creation, transfer, and update of digital objects - it is essentially a chain of digital ownership defined according to a few simple rules.
At the core are some key simple rules that need to be followed for minting, transfer, and update operations.
The grand vision is to establish and protect the Bitcoin blockchain as the source of truth and digital sovereignty
It is designed to work in harmony with other emerging protocols such as Nostr, Ordinals, etc. Each protocol has its own different advantages.
Five main functions and features
1. A special type of atomic digital object can be created, called a field
2.ARC20 Tokens, Decentralized Mint
3. GPU mineable tokens launched, demonstrating proof of work and energy consumption, Bitwork mining
4. Use recursion and references to create hierarchical structures and contain atomic numeric objects
5. Permanent file storage
Reference Links:
https://docs.atomicals.xyz/permanent-file-storage
The First ARC20 Token — $ATOM
$Atom token, the first token in the ecosystem, has a total of 21,000 pieces, each with 1,000 coins. This token has increased from 1U when it was issued to nearly 1,000u per piece at present, which has created a thousand-fold myth. Early players have made profits and the community is relatively united.
In addition, there are tokens such as $pepe, $realm, and $icals. Among them, $pepe is the second token to be fully completed, but the off-site atmosphere is average. $realm is the token of the same name of the domain concept, and is currently the second dragon. At the same time, the domain is also a relatively innovative place, which is also a point we are more optimistic about.
Atomicals Protocol 官推：@atomicalsxyz
Trading Market: https://atomicalmarket.com/
Wallet: https://atomicalswallet.com/
Featured Project—Realm.name
This paragraph can refer to the relevant bloggers:
bro.tree@dchatplatypus
Current market price: 2-letter floor is about 280U, 3-letter floor is about 15U, and 3 miscellaneous (letters + numbers) are still available. (The main field cannot start with a number, so there is no 2D or 3D)
Atomicals is an emerging concept that aims to subvert traditional domain names. In simple terms, compared with ordinary domain names, the focus of ordinary domain names is the suffix, such as ".eth". Each domain registered by Realm is the text of the prefix, and finally has the pricing power of all suffixes.
Domain is more like a door and a key. It can connect communities/organizations/groups, and has become a door for the entire BTC ecosystem to expand. It can be applied to games, social networking, land, medals and many other aspects. Specifically, in terms of basic functions, Domain can be used as a transfer payment address (payment name); in terms of extended usage, there are many usage scenarios such as building communities/DAOs, identity authentication (Pass cards/OG cards/participation certificates), social profiles, privilege identification, asset distribution, etc., which are also completely in line with our development concept of DID.
The current transaction volume is not large and the floor price is relatively low, because the application of the field has not yet been truly rolled out. Only when the actual functions of the field are used can the value be reflected.
Other ecological projects
AtomPunks: Rare PUNK / Sub1k PUNK has been sold for about 1000U, and common PUNK 10-20U. No innovation.
AtomicalsRekt: XCSS is the first original collection with a project owner and created the first collection container in the ecosystem. The first batch of collections is linked to the mining difficulty (bitwork commit), and the gameplay is interesting. Currently, there are only 81 collections in the first batch, with a transaction price of 150u for the common category and 300u for the rare category.
AtomMap: It is quite popular and has an interesting mechanism. The mining difficulty of each xxxx.atommap must be set to abxxxx, which means that the difficulty will increase exponentially with each digit increase. There are still many 4Ds left to play. It takes an estimated 11 hours to play a 4D on a personal computer. Transactions are made both inside and outside the market, with a reference price of 90U for 3D and 20U for 4D.
BlockMap: The project hopes to benchmark Bitmap, but the popularity is not enough.
Summary of ARC20
The emergence of Atomicals represents the beginning of the ecological explosion of Bit Inscription. Compared with the BRC20 inscription track, this is the first wave of ARC20 surge, and it will take time for precipitation to have a better future.
Because ARC20 can be applied in many scenarios, we hope that the project party will not stop development just because of a surge. At present, it is just in the hype stage. Other projects have less attention. Only when the field project Realm really starts to be applied and develops new gameplay, then this project can go further. Therefore, we suggest that you can pay attention to the development progress of Realm. At the same time, Realm and $Realm are at a relatively low value.
BTC Ecosystem: Lightning Network Concept
Lightning Network is the Layer 2 solution of Bitcoin. In Bitcoin payment scenarios, Lightning Network can help users save costs and improve efficiency. In a word, Lightning Network is to Bitcoin what Visa is to currency.
In 2022, there have been a number of large financings in the Lightning Network field, and top institutions including a16z and Paradigm have also participated in the investment of related projects:
In April 2022, Lightning Labs, a company focusing on Bitcoin business, completed a US$70 million Series B financing round, led by Valor Equity Partners.
In May 2022, Lightspark, a Bitcoin Lightning Network company founded by Meta cryptocurrency director David Marcus, completed a round of financing led by a16z and Paradigm.
In September 2022, Strike, a crypto payment application built on the Bitcoin Lightning Network, announced the completion of an $80 million Series B financing round.
The hottest project on the Lightning Network: Nostr Assets Protocol
This project is the first to issue coins under the Lightning Network. From the initial airdrop, each address was worth tens of U to the highest value of thousands of U. I believe many people have missed out on a fortune.
Nostr Assets is a dual-token model:
$TRICK and $TREAT, 210 million each, total 420 million
Airdrop: 10,000-13,000 airdrops per address, more than 8,000 valid addresses
Total airdrop amount: about 80 million, accounting for 20%, and the remaining 80% is in the hands of the project party
Trading Sites:
https://mainnet.nostrassets.com/#/marketplace/listing
As shown in the above figure, the current unit price of $trick is ≈$0.0847, and the market value is about 17 million US dollars; $trick is similar.
The price has increased by dozens of times, but I personally feel that the market value is not high. Because they are going to launch Fairmint, the token issuance function. Now there are many people waiting to get the first deployed token, so we suggest you pay attention and participate.
If you want to participate and deploy a B yourself, you can prepare the Alby wallet first. The wallet link is https://getalby.com. Just follow the official website tutorial. If you don’t know how, you can also use the TP wallet.
Tutorial: https://mp.weixin.qq.com/s/DKWZ9bPnPecNkbUcEXZx1Q
Finally, there are still many concepts and projects that can be explored in the BTC ecosystem, such as the RGB protocol, BitVM, etc. Everything is just beginning, and the big cake narrative will be the strongest track in this round.
