Luminex unveils the BRC69 Ordinals standard, simplifying customization and potentially revolutionizing Bitcoin Ordinals for content creators and traders.
Key Points
- Luminex introduces the BRC69 Ordinals standard, offering a cost-effective solution for content creators and traders to develop Bitcoin Ordinals collections.
- The BRC69 standard simplifies customization with on-chain features like on-chain pre-reveals and drag-and-drop functions, making it easy for web3 creators to customize their collections.
- The increasing popularity of Bitcoin Ordinals collections posed challenges for new creators, but the BRC69 standard aims to address these challenges.
Luminex, a web3 launchpad, has unveiled a new standard called BRC69 Ordinals, which could potentially revolutionize Bitcoin Ordinals for content creators and traders. This standard offers a cost-effective solution for creators to develop Recursive Ordinals collections.
The BRC69 standard simplifies customization by providing on-chain features such as on-chain pre-reveals and drag-and-drop functions. This enables web3 creators to easily customize their collections with simple code lines and on-chain capabilities. Users can launch entire collections with on-chain pre-reveals and use functions like drag-and-drop to generate their Recursive Ordinals.
🟨 (1/7) GM! Today, we’re excited to introduce BRC69, a revolutionary standard for creating Recursive #Ordinals collections with ease. This standard will be instrumental in launching Recursive collections on Bitcoin.
More details here: https://t.co/zaID07tnD5
🧵👇 pic.twitter.com/jmzSMVOYme
— Luminex (@luminexio) July 3, 2023
About Bitcoin Ordinals
The popularity of Bitcoin Ordinals collections has soared, with successful drops like Ordinal Punks gaining significant attention. However, the high demand for Bitcoin Ordinals has posed challenges for content creators. The increasing number of collections using Bitcoin block space made it difficult for new creators and developers to enter the market.
Luminex’s BRC69 standard aims to address these challenges by providing a simple four-step process. Users can inscribe the digital traits of their collection, deploy the collection on-chain via JSON code to provide essential information, compile the collection using JavaScript to inscribe the digital assets, and mint BRC69 assets using an HTML inscription that stores the information in a single code line.
The brilliance of BRC69 lies in its simplicity. Minters only need to inscribe a single line of text, which allows the final image to be automatically rendered on all ordinals-frontends using on-chain resources and recursive inscriptions.
Bitcoin Ordinals is a protocol on the Bitcoin blockchain that allows users to inscribe data on the smallest units of Bitcoin, known as Satoshi. These inscriptions, called Ordinals, enable creators to generate collections similar to Ethereum’s well-known collections.
Conclusion
While Bitcoin NFT transactions declined by 42.36% last month, Ethereum’s market saw an increase. However, the Bitcoin Ordinals market has grown significantly since the launch of the Ordinals standard in January, making it worth monitoring.
It’s important to note that all investment and financial opinions expressed by NFTevening.com are not recommendations. This article serves as educational material, and individuals should conduct their own research before making any investment decisions.
