A comprehensive look at the ARC20 thousandfold track and the Lightning Network hundredfold track: Where is the wind of the BTC ecosystem blowing now?
The Lightning Network to Bitcoin is like Visa to currency.Source: CRYPTO VIEW Encryption
Hello everyone, previously we introduced the BRC20 and ETHS tracks, which have already generated a strong wealth effect. Today, I will introduce Atomicals (hereinafter referred to as ARC20) and the Bitcoin Lightning Network project.
Concept of Atomicals
The Atomicals protocol is a simple and flexible protocol, a way to organize the creation, transfer, and updating of digital objects—essentially a chain of digital ownership defined by some simple rules.
The core consists of some key simple rules that need to be followed for minting, transferring, and updating operations. The grand vision is to establish and protect the Bitcoin blockchain as a source of truth and digital sovereignty, aiming to work in coordination with other emerging protocols (such as Nostr, Ordinals, etc.). Each protocol has its own advantages.
Five main functions and features:
Special types of atomic digital objects can be created, called domains.
ARC20 tokens, a decentralized minting factory.
Launched GPU-mineable tokens, showcasing proof of work and energy consumption, Bitwork mining.
Uses recursion and references to create hierarchies and include atomic digital objects.
Permanent file storage.
Reference link:
https://docs.atomicals.xyz/permanent-file-storage
The first ARC20 token------$ATOM
The $Atom token, the first token in the ecosystem, has a total supply of 21,000, with each token worth 1,000 coins. This token has risen from an initial price of 1U to nearly 1,000U per token, creating a myth of a thousandfold increase, with early participants profiting and the community being quite united.
Additionally, there are tokens like $pepe, $realm, and $icals, among which $pepe is the second fully minted token, but the off-market atmosphere is generally average. $realm is the namesake token of the domain concept and is currently the second most popular. The domain is also a relatively innovative aspect, which we are optimistic about.
Atomicals Protocol official Twitter: @atomicalsxyz
Trading market: https://atomicalmarket.com/
Wallet: https://atomicalswallet.com/
Featured Project---Realm.name (Domain)
This section can refer to relevant bloggers:
bro.tree@dchatplatypus
Current market price: 2-letter domains around 280U, 3-letter domains around 15U, and some 3-mixed (letters + numbers) are still available for minting. (Main domains cannot start with a number, hence there are no 2D or 3D terms.)
The emerging concept proposed by Atomicals aims to disrupt traditional domain names. Simply put, compared to ordinary domain names, which focus on the suffix, such as ".eth", each registered Realm is a prefix text, ultimately holding the pricing power for all suffixes.
Domains are more like a door and a key. They can connect communities/organizations/groups and serve as a gateway for the entire BTC ecosystem expansion, applicable to various areas such as gaming, social networking, land, and badges. Specifically, in terms of basic functionality, domains can be used as transfer and payment addresses; in terms of extended usage, they can be used for building communities/DAOs, identity verification (Pass cards/OG cards/participation certificates), social profiles, privilege identifiers, asset distribution, and more, aligning perfectly with our vision for the development of DID.
Currently, the trading volume is not large, and the floor price is relatively low because the application of domains has not yet truly expanded. Only by utilizing the actual functions of the domains can their value be realized.
Other Ecological Projects
AtomPunks: Rare PUNK/Sub1k PUNK previously traded for nearly 1,000U, while ordinary PUNKs are 10-20U. There is not much innovation.
AtomicalsRekt: XCSS is the first original collection with a project team and has created the ecosystem's first collection container. The first batch of collections is linked to mining difficulty (bitwork commit), and the gameplay is interesting. Currently, the first batch has only 81 collections, with ordinary categories trading at 150U and rare categories at 300U.
AtomMap: Has decent popularity, and the mechanism is quite interesting. Each xxxx.atommap's mining difficulty must be set to abxxxx, meaning that for every increment of one digit, the difficulty will increase exponentially. Currently, there are still many 4D available for minting, and using a personal computer, it is estimated to take 11 hours to mint one 4D. Transactions are occurring both on and off the market, with reference prices of 3D at 90U and 4D at 20U.
BlockMap: The project team hopes to benchmark against Bitmap, but it lacks sufficient popularity.
Summary of ARC20
The emergence of Atomicals represents the beginning of a major explosion in the Bitcoin inscription ecosystem. Compared to the BRC20 inscription track, this is considered the first wave of surging for ARC20, and it will require further consolidation for a better future.
Given the many applicable scenarios for ARC20, we hope the project team does not become complacent after a surge and stop development. Currently, it seems to be in a speculative phase. Other projects have relatively low attention, and only when the Realm domain project truly begins to be applied and develops new gameplay can this project go further. Therefore, we suggest keeping an eye on the development progress of Realm, as both Realm and $Realm are currently relatively undervalued.
BTC Ecosystem: Lightning Network Concept
The Lightning Network is Bitcoin's Layer 2 solution, which can help users save costs and improve efficiency in Bitcoin payment scenarios. In short, the Lightning Network for Bitcoin is akin to Visa for currency.
In 2022, there were several large financings in the Lightning Network space, with top institutions including a16z and Paradigm participating in investments in related projects:
In April 2022, Lightning Labs, a company focused on Bitcoin business, completed a $70 million Series B financing, led by Valor Equity Partners.
In May 2022, Lightspark, a Bitcoin Lightning Network company founded by Meta's cryptocurrency head David Marcus, completed a round of financing led by a16z and Paradigm.
In September 2022, the crypto payment application Strike, built on the Bitcoin Lightning Network, announced the completion of an $80 million Series B financing.
The Hottest Project in the Lightning Network: Nostr Assets Protocol
This project is the first to issue tokens under the Lightning Network, with initial airdrop values of tens of U per address rising to thousands of U, and many people likely missed out on this wealth opportunity.
Nostr Assets operates on a dual-token model:
$TRICK and $TREAT, each with 210 million tokens, totaling 420 million.
Airdrop: Single address airdrops range from 10,000 to 13,000, with over 8,000 valid addresses.
Total airdrop amount: Approximately 80 million, accounting for 20%, with 80% held by the project team.
Trading website:
https://mainnet.nostrassets.com/#/marketplace/listing
As shown in the image above, the current price of $trick is approximately $0.0847, with a market cap of around $17 million; $trick is about the same.
The increase has also been several times, but personally, I feel the market cap is not high yet. They are set to launch Fairmint, a token issuance feature. Many people are already waiting to mint the first deployed token, so we suggest keeping an eye on this.
If you want to participate and deploy a B token yourself, you can prepare the Alby wallet first. Wallet link: https://getalby.com, and follow the official tutorial. If you are unsure, you can also use the TP wallet.
Tutorial: https://mp.weixin.qq.com/s/DKWZ9bPnPecNkbUcEXZx1Q
In conclusion, the BTC ecosystem still has many concepts and projects to explore, such as the RGB protocol and BitVM. Everything is just beginning, and the narrative of Bitcoin will be the strongest track in this round.
