Beyond Games: PlanX Launches the World's First BRC20 Game Inscription

Author: PlanX

Recently, the speculation around BRC20 tokens like ORDI and Sats has led to a brief peak in market sentiment. Originating from a makeshift setup on the BTC network, without traditional VC funding and lacking the initial "cultural implantation" of crypto culture, BRC20 and Ordinals can be considered the closest to true "decentralization."

Amidst the FOMO-driven surge of BRC20, the PLXX, which possesses gaming attributes and indexing functions, has experienced reverse growth in the final frenzy!

Tracing the History of Inscriptions

The current craze for inscriptions can be traced back to January 2023, representing the vitality of emerging forces, which led to an explosive increase in minting activities. By the end of February 2023, over 100,000 NFTs had been inscribed on the OG blockchain using this system, resulting in a significant increase in fee revenue for Bitcoin miners. It can be said that the true "makeshift setup" has triumphed over the traditional Wall Street financial elite.

As of now, in nearly a year, Bitcoin has minted over 46 million inscriptions and continues to grow, with users spending over 105 million dollars on inscribing their data.

Crazy Memes and Difficult Short-term Operations

So far, the vast majority of inscriptions are BRC20, an experimental semi-fungible token standard, somewhat akin to the DeFi summer of 2021 and the NFT craze of 2022, both in a blue ocean stage that is yet to be developed. Animals like Rats, Cats, and Mice are rampantly spreading, much like PEPE and Bonk at the beginning of 2023—absurd yet real.

The difference now is that the current inscriptions resemble a "retail investor's world," with all chips minted by retail investors themselves, spreading spontaneously and creating their own FOMO. Inscriptions lacking practical applications find it difficult to sustain a long-term narrative in the latter half. From December 15 to December 17, 2023, the crazy BRC20 surged by up to 10 times in a short period, only to be halved two days later.

This has also led to a deepening cultural war between hardline originalist Bitcoiners and more creative and experimental Ordinals supporters, directly resulting in new cultural disputes.

PLXX, the First Game-Enabled Inscription

On December 18, the first DEX aggregator in the GameFi space, PlanX, announced the launch of the game inscription—PLXX;

In less than two hours, the total supply of 2,100,000,000 PLXX was completely minted;

So far, PLXX has achieved a trading volume of 12.8625 BTC on OKX, with a total of 10,961 transactions, and a price increase of 119.54 %;

Data analysis of holders shows that the top 10 holders account for 20.14% of the total supply. Compared to the total number of holders, PLXX inscriptions are relatively dispersed, indicating that PLXX is primarily held by retail investors, aligning with the principle of "decentralization."

According to reports, PlanX is a project that started as early as 2021. Over the past three years, PlanX has experienced various events, formed partnerships with multiple gaming guilds, and was one of the sponsors of Token2049 in Singapore. To date, it has amassed 110k followers on Twitter and over 100k community users.

This time, the emergence of the inscription narrative has brought new life to the project. As one of the earliest gaming participants, PlanX understands the close relationship between indexing and data behind inscriptions. The current level of FOMO remains stuck on ephemeral animals, with liquidity and inherent empowerment being virtually zero. Starting from its own gaming data chain, PlanX combines inscriptions with the driving force of gaming itself to achieve a new round of market narrative drive.

This is not a fleeting trend, but rather PlanX's earnest commitment to the BTC ecosystem, Ordinals system, and BRC20, leveraging the infinite future of the Bitcoin network and combining it with the boundless imagination of gaming. Through the essence of data indexing, the power of symbols, and the cohesion of shared beliefs, PLXX is not merely an isolated BRC20 token but a new pioneer symbolizing game inscriptions, connecting other scattered gaming projects and participants, becoming a vanguard of gaming culture in the new generation of the Bitcoin ecosystem.

The Significance and Imagination Space of PLXX

It must be acknowledged that the emergence of Ordinals and BRC20 has indeed provided significant expansion and future imagination for the BTC ecosystem, but it does not stem from the demand for native Bitcoin tokens. This stands in stark contrast to PlanX's original intention of entering the BTC ecosystem, which is built on Bitcoin and hopes to connect sparks through the data indexing behind inscriptions. Although the inscription track has temporarily cooled, from a historical perspective, the initial exploratory phase is inevitable, and the brief FOMO will inevitably provoke more reflections from technology enthusiasts.

While the market remains focused on DeFi arbitrage and Bitcoin halving, PlanX has quietly taken off by leveraging inscriptions!

When collective belief transforms into value on an equal level, game inscriptions will create a more powerful FOMO effect than memes. Unlike the GameFi summer of 2021, gaming projects play their respective roles in a fragmented gaming ecosystem. The game inscriptions represented by PLXX will consolidate all current gaming power, potentially resembling a Mario-style platformer or a play-to-earn crypto game similar to Axie.

If ORDI ignited hope in the BTC ecosystem, then PLXX is the enduring flame, a lasting component in building a new parallel economy. You can view PLXX as a tool, or simply as a BRC20 token, but in reality, PLXX is far richer and more authentic than we empower it to be. In the cryptocurrency world that emphasizes technology and financial infrastructure, PLXX will utilize inscriptions, indexing, and other foundational modules to construct a new social system.