The metaverse is Unbanked Newsletter For a weekly level up on the NFT and on-chain frontier
Dear unbanked nations,
On Ethereum, aside from the fundamental constraints of the Ethereum Virtual Machine (EVM), the programmability possibilities around NFTs are limited to our imaginations thanks to smart contracts.
As for ordinal numberAKA Bitcoin NFTs, they are facing Various pros and cons Each individual satoshi is engraved. One of the downsides here? It lacks the composability and expressiveness that smart contracts provide.
However, in the Ordinals community have We have innovated a kind of basic workaround known as recursive Bitcoin inscription. Of course, it is not a smart contract, but it brings dynamism, especially to Bitcoin NFTs.
The use of this type of inscription is increasing as more Bitcoin projects embrace this technology, so in today’s post we’ll quickly teach you the basics of this new innovative method!
-WMP
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For Ethereum NFTs, composability and dynamism are provided through smart contracts.
For example, when it comes to composability, Ethereum NFTs can be easily built through integration with other smart contracts, such as those seen in the protocols of the emerging NFTfi lending sector.
And when it comes to dynamism, Ethereum NFTs can evolve in real-time via transfers to new wallets utilizing smart contracts or code running on an always-on EVM when certain conditions are met.
In contrast, Ordinals, which arrived on the NFT scene in 2023, do not benefit from smart contracts that are not native to Bitcoin. So “Bitcoin L2” is: stack.
However, this lack has not stopped Ordinals builders from building a Bitcoin-centric version of NFT composability and dynamism through: recursive inscription.
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If you remember, minting an Ordinal requires engraving data such as images, videos, text, game emulators, etc. into satoshis, the smallest unit of Bitcoin.
In the context of ordinal numbers, recursion refers to the ability of one inscription to access and use the content of another inscription.
This technique can be achieved by tapping on a specific “recursive endpoint” like r/sat which can be used to get the initial 100 inscription IDs from a specific satoshi.
Thus, through recursive Bitcoin inscriptions, the project effectively circumvents the typical data limitations of Bitcoin’s 4MB block size limit, enabling broader and more complex digital creations on top of the OG blockchain.
Recursive inscriptions work well for tasks such as resource sharing (audio, code, images, etc. that are publicly available on Bitcoin) and content remixing (modifying existing inscriptions on Bitcoin), so this method is particularly useful for Bitcoin NFTs. opened the way for composition and dynamism. .
Initially, Ordinals were isolated content. That is, the inscription, so to speak, did not recognize anything but itself.
The OnChainMonkey (OCM) project then helped pioneer recursive methods with the following design: OCM dimensions This collection will be first engraved on Bitcoin in February 2022.
When deploying OCM Dimensions, the OCM team built the collection by uploading the p5.js creative coding library via inscription and then pinging p5.js using a recursive inscription.
This innovation expanded the possibilities around Ordinals and led to a surge of new creative efforts, including: generative art releaseIn Bitcoin.
The popularity of recursion led the developers of the ord protocol, the underlying system of Ordinals, to officially incorporate recursive inscriptions starting with ord. 0.6.2 and 0.11.0 update.
Since then, various projects have begun to embrace recursive inscriptions toward new purposes. One area where this method is currently gaining a lot of attention is Bitcoin’s PFP sector. Collections began uploading characteristics through inscriptions and then began using recursive inscriptions to build 1,000 unique digital collections.
The team that is starting construction here now is Bitcoin Pizza NinjaYou are using a recursive inscription. Art creation and upgradeable traits. Builders even super nintendo emulator In Bitcoin, ninja characters can be played through recursive inscriptions.
Are there any other projects worth tracking at the moment? quantum catA collection from the Taproots Wizard team. Using recursive inscriptions and other new techniques We build our projects publicly, but we don’t release the finished art prior to official release.
As a normal end user, you don’t need to do anything special to access the recursive inscription functionality. Simply collect from projects that use this method and then enjoy how you use them (e.g. upgradeable PFP traits).
but you will do You need a Bitcoin wallet that supports recursive inscriptions, but many don’t. two wallets do We are currently providing such support leather and Xverse.
One of these browser wallets allows you to own and manage Ordinal, recurring or otherwise, in a non-custodial manner. As they say, not your keys or Bitcoin NFTs!
With projects like Bitcoin Pizza Ninjas and Quantum Cats pushing the boundaries of what is possible with recursive inscriptions, we are ushering in a new era of digital collectibles in Bitcoin.
Although it still lacks the full functionality of smart contracts, this new technology not only circumvents the data limitations inherent in the Bitcoin architecture, but also introduces interactivity and dynamism previously unachievable on the OG blockchain.
In other words, love it or hate it, the repetitive Bitcoin inscription is just another reason why Ordinals are here to stay. So look for a further boom in Bitcoin’s art, gaming and PFP scenes as more and more projects start experimenting with linking inscriptions with other inscriptions!
William M. Feaster is the creator of metaverse—A bankless newsletter focused on the emergence of NFTs in the cryptoeconomy. He also serves as a senior writer for the Bankless newsletter.
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