With the continuous development of cryptocurrencies and blockchain technology, digital assets have become more and more important, including NFT and inscriptions. NFT has become a hot topic in the arts and entertainment industry, while inscriptions are digital objects with precious historical and cultural significance. This article will explore the future trends and cutting-edge technologies of Bitcoin NFTs and inscriptions.
1
Bitcoin NFTs: Developing New Cultural Layers, Challenging Perspectives
Bitcoin NFTs are developing a new layer of culture, a new narrative for Bitcoin, and a challenge to existing perspectives. Although Ethereum is still the mainstream NFT platform, high-value collectibles can also belong to the Bitcoin chain. In addition, there will be more NFT studios joining, which is an inevitable trend.
2
Inscription: the location of high-value collectibles, the dynamic blue-chip NFT standard
Inscriptions will be home to high-value collectibles, especially on the Bitcoin chain. While minting costs are high, transaction costs are relatively low, which could lead to higher transaction volumes. Blue-chip NFT standards are dynamic, including numbering, Satoshi rarity, and item rarity.
3
Decentralized Exchanges Emerge: Venture Investors Disappointed, Royalty Challenges
The advent of decentralized, trustless exchanges such as OpenOrdeX may disappoint venture investors, as many service providers may not be able to cash in. Additionally, the lack of royalties is also a challenge due to the lack of smart contracts.
4
Bitcoin Layer 2 Network: Tools Fully Developed, Inscription Activity Transferred
In the second quarter of this year, the tool will be fully developed, the channel will be smooth, and the transaction will be smooth. The second layer of Bitcoin network is also becoming more and more important, and some inscription activities may be transferred to the second layer. In addition, Bitcoin stablecoins will also see greater mass adoption, which is reminiscent of Omni’s USDT.
5
The Many Ways of Tokenization: Are Inscriptions a Good Way?
While inscriptions are a form of tokenization, they are not the only way. The realization of tokenization also requires basic supporting tools, so it is necessary to observe whether the inscription = token is a good way.
Bitcoin NFTs and inscriptions are important aspects of digital assets and culture. As technologies and markets continue to evolve, they will develop new layers of culture and new application scenarios. The development and future trend of this cutting-edge technology deserves our attention and expectation.