What are Blobscriptions in the context of Ethereum inscriptions?

Author: Cookie

Source: BlockBeats

After the emergence of OLGA, the "Bitcoin Stamps 2.0," Ethereum inscriptions Ethscriptions has also launched Blobscriptions, the "Ethscriptions 2.0." Ethscriptions co-founder @dumbnamenumbers announced the official launch of Blobscriptions in a tweet early this morning Beijing time.

The "Duck Rabbit" mentioned in the tweet is a meme favored by @dumbnamenumbers, who posted this image on the Base network last August.

At that time, he also received a reply from Base protocol founder Jesse Pollak:

Jesse Pollak: Thank you for putting "Duck Rabbit" on Base

Through Etherscan, we can also see that before tweeting about the launch of Blobscriptions, @dumbnamenumbers created a Blobscriptions version of "Duck Rabbit."

As a result, many players began to create their own Blobscriptions version of "Duck Rabbit." At the time of writing this article, gas fees had skyrocketed. According to the insufficient balance prompt in the image below, creating a Blobscriptions version of "Duck Rabbit" now costs about 0.1 ETH…

Since an Ethereum block can only accommodate 6 Blob data entries, if you want to create one now, you would need to wait for about 6 blocks.

(Data source: ethernow.xyz)

So what exactly is Blobscriptions?

What is Blobscriptions?

The "Blob" introduced in EIP-4844 allows anyone to store data on Ethereum at a cost 10 to 100 times cheaper than calldata, which further reduces the minting costs for Ethereum inscriptions. According to @dumbnamenumbers, we can mint Ethereum inscriptions of 768 kb in size for less than $5.

However, this "advantage" comes at a cost. Since Blobs are a data type focused on storing Layer 2 transaction data (intended to differentiate from Layer 1 calldata to reduce Layer 2 transaction fees), Ethereum itself does not guarantee the availability of Blob data for more than 18 days.

In response, @dumbnamenumbers specifically clarified—no worries, our Ethereum inscription indexer will store this data indefinitely.

So to summarize, Ethereum inscriptions cleverly utilize Ethereum's new features to reduce their minting costs.

How to Mint Blobscriptions?

Visit https://blobscriptions.io/ to mint Blobscriptions. Once on the site, click "Create a burner for me," and the site will generate a new wallet for you. Import the private key into Metamask or another Web3 wallet, and remember to verify that the displayed address matches.

Then follow the steps below, and remember to transfer ETH to the new address to cover the minting costs.

Currently, there are reports of people minting BLOB-20 tokens, likely initiated by the person in the image below. They have provided a tool specifically for minting BLOB20 tokens, and users should assess the security themselves.