What is NAT that was born based on DMT theory?
DMT theory refers to Digital Material Theory, which suggests that users can create a valuable digital form based on inherent patterns present in data. NAT, built upon this, is an application of DMT theory.Author: veDAO Research Institute
Before understanding NAT, we need to clarify one concept.
DMT Theory: DMT Theory (Digital Matter Theory) refers to the theory of digital matter, which means that users can create a valuable digital form through the inherent patterns present in data. Since Bitcoin blocks express transactions between users, and information in many fields is permanently recorded and stored in a decentralized and secure distributed ledger, developers can utilize the principles of DMT to create a new type of digital value.
Currently, DMT has three characteristics in the Bitcoin ecosystem:
Ordinal Theory: Due to the existence of ordinals, each satoshi in the BTC ecosystem is assigned a unique ID, and anyone can create digital assets based on that ID, which we commonly refer to as inscriptions.
Scarcity: Sats that occupy a unique position on the Bitcoin block are considered rare sats, similar to scarce NFTs, and the inscribed items often hold greater value.
Bitmap Theory: Each block on Bitcoin is recognized as a digital property of a region.
With our understanding of DMT Theory, let's look at NAT. NAT is an application based on DMT Theory, where anyone can create NAT on the Bitcoin ecosystem, and its token parameters are determined by referencing .element inscriptions. Whether inscribed in the form of FT or NFT, this is a hybrid token model. The number of tokens represented by each block is different.
As shown in the figure below, it represents the ability to inscribe 10 units of NAT.
When "blk": 2, it means the user can inscribe 1000 NAT. Minting block 1 and block 2 are two unique non-fungible inscriptions, each recording a separate accounting unit of the underlying fungible "satoshi" NAT.
Each block will have a different number of Bits, and the number of Bits corresponding to the block inscribed by the user is the actual amount of tokens obtained.
For example, if a user inscribes NAT into block 817,824, they will receive 386,161,170 NAT tokens. If the user has 817,824.bitmap, they can also inscribe 386,161,170 BMT tokens.
To participate in the NAT minting process, users can use the following methods:
- Directly deploy inscriptions. We open a wallet or trading market in the BTC ecosystem, such as Ordinals Wallet. Search for natmap and complete the relevant inscription.
In Natmap, there are three colors represented: orange indicates unavailable/listed; black indicates available; green indicates tokens that have been inscribed but are for sale.
Each black square will contain a number, which is the block ID, and each ID corresponds to a certain number of tokens.
- For existing projects like Bitmap, if users hold Bitmap, they can obtain NAT minting rights through the parent-child inscription mechanism (creating child inscriptions under this inscription).
Overall, NAT is currently at a relatively early stage compared to popular projects like Ordi and Bitmap, but its inherent logic is quite pioneering. This means that, apart from block height, any data-based characteristics can be used to create assets, which currently helps stimulate the vitality of the Ordinals and BRC-20 ecosystems.
Finally, for more information about NAT, you can refer to the content from X blogger @TheBlockRunner.
Link: https://twitter.com/TheBlockRunner
If you want to participate in NAT inscriptions, you can enter through Ordinals Wallet.
Link: https://app.vedao.com/projects/e52eef6338124e1cf06a56ac73fedcc7491ba993d9feb0f48d005fde6c66de94
Or Unisat Wallet.
Link: https://app.vedao.com/projects/2f30ec346165c7b7d28e2ce1785b5a5fe12ea0a0ae017826019f795c6a65cc5e
Since the project is currently at a relatively early stage, most user behaviors are still limited to inscribing based on domain name logic. In a total of 817,999 blocks, some ending in 0, 5, or numbers like 666, 888 have already been inscribed. Additionally, since the tokens have not yet been launched, the current scenario is quite scarce. However, due to the novelty of the concept and the low difficulty and cost of inscriptions, interested users can try inscribing a few for protection.
