dexot (@dexot) • Hey
dexot (@dexot) • Hey
Publications
- Collect remembrance of the "Coinbase Layer 2 Base commemorative" NFT on lens protocol👇
- Another way to implement Zero-Knowledge Proofs in the space: **ZK Badges** 🎭
In a post, Vitalik talked about @Sismo_eth, a protocol that issues ZK Badges.
They are privacy-preserving Soul-Bound Tokens (non-transferrable NFTs).
SISMO does not have a token. How does it work? 🧵
1/
What is Sismo?
It's a protocol that allows people to issue and mint ZK Badges.
What is a Zero Knowledge Badge?
It's a Soul-Bound Token (non-transferable NFT) that can provide evidence of something without revealing the actual information.
Example 👇
2/
Example:
Say I want to prove to all of you that I received a $100,000 DYDX airdrop without revealing the wallet that received it.
I could "earn" the badge using that wallet (private) but "mint" the badge using my olimpio.eth wallet (public)
Thanks @dhadrien_ for slides ⚡️
3/
Another example:
Remember Proof of Humanity? A website where you upload a selfie video of yourself holding a piece of paper with your wallet.
Well, I could now do that with my private wallet, and mint a "human-verified" Sismo badge with olimpio.eth without linking wallets.
4/
What can we do with Sismo right now?
We can mint a badge that someone already created.
Or, we can create our own badges as well for others to mint. Some ideas come to mind, stay tuned 👀
5/
How to check if you are already eligible to mint an existing badge?
• Mint Badges vetted by the team: 🔗 app.sismo.io
• Mint Badges created by anyone in web3: 🔗 playground.sismo.io
Log in, launch your vault, and check your eligibility.
6/
Recently, Sismo has started a cooperation with @aztecnetwork, a privacy layer for web3.
If you deposited to Aztec at least 3 times, you can mint a badge here (gives you a DC role):
🔗 playground.sismo.io/aztec-connect-depositors
BTW, here is more Aztec alpha👇: twitter.com/OlimpioCrypto/status/1609259055075463169
7/
$SISMO token or airdrop? 🪂
No token was confirmed, yet. No airdrop was confirmed. We are speculating here!
Investors:
They did not release any official communication about this, but they had an angel round with VCs like Framework, Seedclub, Delphi and IDEO
8/
💡 Vitalik mentioned Sismo in one of his blog posts.
vitalik.eth.limo/general/2022/12/05/excited.html
He did the same thing with ENS when it wasn't a big thing.
"Sismo is [at] an early start"
Might be a good idea to take a look
Join Earndrop Alpha discord, a place to discuss cryptocurrency opportunities: https://earndrop.io/discord
- for devs wanting to deploy KoruDAO we documented the process here https://aave.notion.site/KoruDAO-b31e10bac1e24cb9b14dafd8c944c25c
- First beer bought with Goerli G
- **Improvements in this release**
We have added several new hooks in this release to help our community, highlights below 👇
📰 Ability to collect a publication
✅ Enabled approving modules (gas efficient with support for EIP-1559 gas estimation)
🪞 A new feature that allows you to see who mirrored a publication
💬 Expanded the filtering of feed, with explore publications and comments data
**What's new?**
Added **`useCollect`** hook enables the collection of publications
Added **`useApproveModule`** and internal toolings for EIP-1559 gas estimation Added **`useWhoMirroredPublication`** hook Added **`metadataFilter`** to **`useFeed`**, **`useExplorePublications`** and **`useComments`** Added **`IStorageProvider`** **`StorageSubscription`** **`StorageProviderSubscriber`** and **`IObservableStorageProvider`** to the package exports
Removed the **`walletType`** argument from the **`login`** method of **`useWalletLogin`** hook Removed **`IStorageProvider.subscribe`** method (use **`IObservableStorageProvider`** when custom subscription logic is required)
- **The Rise Of UGC 2.0: User Generated Collects**
Everyone has seen the power of User-Generated Content 'UGC' in the age of social media. Here's why UGC 2.0 or 'User-Generated Collects' will be the next evolution of this format unlocked by the blockchain.
I have been posting snippets here on Lenster the last few weeks about these themes as I framed out my article.
Here is the final piece: **https://mirror.xyz/chrissyb.eth/r0SyE9QdvQribykjXvdMqYElGQT8ZFnthV_rUlyNqNk**
#LMCC
Inspired by the following people: @ladidaix, @ryanfox, @bellosights (@levychain), @stani and @azeem.
**Cliff notes:**
In today's one-directional social media interactions, "likes'' are abundant & meaningless when it comes to generating authentic connections or content discovery. Instead of simply liking something, we would rather participate.
UGC 2.0 is not just a new format, it will revolutionize social media by unlocking far-reaching effects on content consumption than its predecessor. Collectable social content will enrich our experiences and create new forms of digital engagement between creators and users alike.
By giving creators and users ownership & control of their content without the impediments of gatekeepers they can leverage it into new opportunities across fandom, community connectivity, curation, data and monetization.
Creators aren’t defined by one platform or medium anymore. The creators, curators and communities of tomorrow will be empowered by data transparency aggregated across the entire social ecosystem without the gatekeepers and centralized databases of today. A more sustainable environment for the long tail and micro-creator to flourish as a result. Indexing less on numbers such as reach and likes, instead providing the tools to focus on quality and depth of relationship and content.
It will also mark the future of brand creation. Changing how brands interact with consumers as active participants in their own social consumption.
This is what @lensprotocol strives for. I hope this piece helps scratch the surface and inspires creators, users and builders to explore the possibilities.
- Everything you need to know about recent updates from the Lensverse is at your fingertips!
🎙️We hosted our second Lens community call with 4.6K live listeners tuning in covering alpha leaks, exciting partnerships, and guest creators. A big thanks to all our special guests: Sandeep from Polygon, @nilesh.lens , @rehash.lens , @thesmurfssociety.lens , @dradaku.lens
Didn’t make it? We got you covered: 💚
https://twitter.com/LensProtocol/status/1621119376895377408?s=20&t=RUW7OAEPb3tFNFXzxR6vtw
**Here's an overview of recent updates from the Lensverse!**
Our friends at @orbapp.lens launched a massive update full of features and surprises including DM's! 📩 powered by @xmtp_.lens https://lenster.xyz/posts/0xbbb9-0x010a
Mobile app @buttrfly.lens released flexible and customizable push notifications with many settings for the community to play with https://twitter.com/buttrfly_app/status/1617969106845831168?s=20&t=mbPmhzZST17gyfStbLVckw
Mobile app @lenstaxyz.lens lead the way as the first app to allow you to monetize content on mobile.
https://twitter.com/lenstaxyz/status/1617844971360653314?s=20&t=mbPmhzZST17gyfStbLVckw
For our creators and web3 social managers, @postter.lens is now enabling “Plan now, post later” on Lens https://lenster.xyz/posts/0x01a303-0x03
Communication protocol @push_.lens saw Lens notification opt-in cross 1,000 users.
https://twitter.com/pushprotocol/status/1618246294816051201?s=20&t=IbTXQD7KaN9F6Yi0kWIdOQ
**Our head of Developer Relations @nader.lens launched New Dev Tutorials 🎥 on Lenstube**
How to integrate a Share to Lens button into your web application https://lenstube.xyz/watch/0x28a2-0x047a
How to integrate a Follow on Lens button into your web application https://lenstube.xyz/watch/0x28a2-0x04a1
He also made one of these 3D Lens Fren 🤗
https://twitter.com/dabit3/status/1621232553679110144?s=20&t=AxBFyI1afvWPxhWFJCmvPw
Explore the Lensverse https://www.lens.xyz/apps & help to contribute to the community by listing your fave projects and features in the comments below.
If you want to get more involved, integrate, or build using Lens, @nader.lens and @fabri.lens are here to help you get started.
- **Improvements in this release**
We have added several new hooks in this release to help our community, highlights below 👇
📰 Ability to collect a publication
✅ Enabled approving modules (gas efficient with support for EIP-1559 gas estimation)
🪞 A new feature that allows you to see who mirrored a publication
💬 Expanded the filtering of feed, with explore publications and comments data
**What's new?**
Added **`useCollect`** hook enables the collection of publications
Added **`useApproveModule`** and internal toolings for EIP-1559 gas estimation Added **`useWhoMirroredPublication`** hook Added **`metadataFilter`** to **`useFeed`**, **`useExplorePublications`** and **`useComments`** Added **`IStorageProvider`** **`StorageSubscription`** **`StorageProviderSubscriber`** and **`IObservableStorageProvider`** to the package exports
Removed the **`walletType`** argument from the **`login`** method of **`useWalletLogin`** hook Removed **`IStorageProvider.subscribe`** method (use **`IObservableStorageProvider`** when custom subscription logic is required)
- Let's explore a new Layer 1 blockchain: Lamina 1
In this thread we will cover:
• Info about the project
• Token info
• Testnet guide
• Crew3 task
Although not confirmed, you can maximize your chances of getting #Airdrops by diving in!
🧵Info:
• Lamina 1 is a new layer 1 blockchain mainly focused on "Metaverse".
• They are also building interoperating tools and other services for the Open Metaverse.
• Based on a fork of the Avalanche blockchain, it uses PoS consensus algorithm.
• The project is founded by Peter Vessenes (Co-founder of the Bitcoin Foundation) & Neal Stephenson (For originating the word 'Metaverse)
• HTC, the Taiwanese tech firm will be collaborating with Lamina1 by using their tools for the migration of digital assets between different metaverse platforms.
• Currently it's in the first testnet phase.
• Mainnet is expected in Q2/3 2023
🟡About Token:
• $L1 will be the native token of Lamina1.
• The supply is yet to be revealed along with the tokenomics.
• Use cases for the token:
1. Gas fees
2. Staking
3. Provide a basic unit of account between the multiple Subnets
Just, before we start with the testnet guide, I want to make it clear that no airdrop is confirmed. But there will be some kind of prize pool i.e, TBA.
Also, try it at your own risk and DYOR!
🧪Testnet Guide
• Create a new wallet & save the phrase: https://wallet-test.lamina1.network
• Go to "Manage Keys" >> click on "Save Keys" and save your account on the browser.
• Click on "View C Chain Private Key" and copy and import the wallet on metamask.
• Go to: https://faucet-test.lamina1.network
• Add the RPC to metamask by clicking on "Add subnet to metamask"
• Paste your metamask wallet address in the faucet and claim some test L1 tokens.
• Now you can test out the testnet features on the lamina1 wallet dashboard.
• Features such as:
1. Send - Send funds to different wallets
2. Cross Chain - Transferring tokens between X, P, C chains.
3. Earn - First swap 1.1 $L1 from C chain to P and then go to the earn tab and delegate.
4. Discord - You can join on discord and give your feedback: https://discord.gg/lamina1
• You can also join their crew3 quest: https://crew3.xyz/c/lamina1/invite/FXh42UUBYJkY-LZ7rN0U2
That's all for this guide!
See you in the next one. CIAO!
🎉Also guys, I started my own free newsletter and will be sending out the first alpha-packed letter this Sunday to my subscribers. So, yeah if interested join me👉
https://alpharush.substack.com/
- Recently AAVE launched their stablecoin GHO on the Ethereum Goerli Testnet.
It's a multi-collateral stablecoin native to AAVE.
🧧You can free mint the genesis testnet launch remembrance NFT here: https://collect.gho.xyz
You can try out the testnet if you want: https://twitter.com/its_airdrop/status/1624005228352913409
Also, don't forget to collect this remembrance of a remembrance post below
- How to create a wallet, receive, buy, and mint your own Bitcoin Oridnals NFTs.
💵 A punk NFT on bitcoin recently sold for 9.5 $BTC ($214,000).
At the time of writing, just over 101K NFTs have been minted on the bitcoin network.
🧵 This could be a degen opportunity...
1/
Before starting, note that this is a relatively new tech, so multiple risks are involved.
As there is no proper marketplace available, OTC is the only trade option and this increases the risk of scams.
So proceed with caution. After all, it's a degen play...
2/
Now to be simple, Bitcoin Ordinals are NFTs on bitcoin.
But, the creator of this protocol @rodarmor likes to call it "inscriptions" rather than NFTs.
It's like storing an NFT or data on each satoshi.
Bitcoin Ordinals consist of 2 concepts:
🔢 Ordinals
🎨 Inscriptions
3/
🔢 Ordinals are based on the ordinals theory, which is a way of numbering a sequence of things.
In the case of bitcoin, 1 BTC = 100,000,000 satoshi.
Each of these sats is tracked or numbered using the ordinals theory, the ordinal here is a UTXO for a specific Sats.
4/
An unspent transaction output (UTXO) refers to a specific unit of Bitcoin that has not yet been spent.
Each UTXO is associated with a specific amount of Bitcoin and a unique identifier that represents the transaction that created it.
5/
🎨Inscriptions: By inscribing sats with arbitrary content, inscriptions can create unique digital artifacts that are native to the Bitcoin ecosystem, which is often referred to as NFTs.
Now there are many differences between NFT on ethereum and bitcoin.
6/
For example, the data such as images for ethereum NFTs are stored on IPFS (off-chain), whereas for bitcoin the data is stored on-chain.
Once an inscription has been created, neither the creator nor the owner can modify it in any way.
7/
You can not only store images but also many more things.
Inscription 466 consists of a game: http://bit.ly/3lAH92a
8/
Let's move on to the guide...
9/
1. Creating a wallet for receiving NFTs
• Download the standalone wallet file for your system: https://sparrowwallet.com/download/
• Check this detailed step-by-step guide for creating an ord compatible wallet with Sparrow Wallet: https://bit.ly/3Yz4L5H
10/
2. Creating/Minting your own NFT on bitcoin
U need to run a full bitcoin core node for minting, and it's a tough task to do. But there is a simple way (using this service)
• Open: https://ordinalsbot.com/
• Select your file.
• Enter the BTC address
• Select the speed and pay.
11/
Now, don't try to make any transactions on the bitcoin wallet where you received the NFT.
As any transaction might move that specific sat out of your wallet resulting in the loss of that NFT.
12/
You need a per-coin control-supported wallet for that.
And I suggest you wait for the launch of @ordinalswallet which will be launched soon. As it's a bit of a complex process using a sparrow wallet.
13/
3. Buying NFTs
Now for buying NFTs there is a single way as of now.
Through OTC "inscription-trading" channel on the ordinal's discord channel: https://discord.gg/ordinals
*Now there are risks involved with this, always try to trade only through escrow with the admins.
I mentioned bitcoin NFTs (ordinals) a week ago in my newsletter.
There are many more early-stage alphas you can get through it, so don't forget to subscribe, I will be posting an explosive new letter this Sunday, don't miss it out: https://alpharush.substack.com/
- Sui's Frenemies game is live on their testnet V2.
You can earn 1 of the 2,000 allowlist spots for the Sui Community Access Program by playing it.
🧵Here is how👇
🗃️ Index:
1. Game Info
2. About Sui Community Access
3. Game Tutorial
1. Game Info
• It was designed to test out the staking functionality.
• You can stake tokens and choose to support validators to compete on the leaderboard.
• Players will be randomly assigned one of 41 validators, as well as a role: Friend, Neutral, or Enemy in each.
2. About Sui Community Access
• The Sui Community Access Program was designed to enable users to acquire some tokens in the early stages by buying them.
• There isn't much info available about the price, supply, and tokenomics.
3. Game Tutorial
• Setup Sui wallet: https://bit.ly/3US9q0B
• Gain some test Sui tokens from the "testnet-faucet" channel on discord: https://discord.gg/sui
• Connect here: https://frenemies.sui.io/
• To join a round click on "Play Round X" in the top right corner.
• Now there are 3 roles: Friend, Neutral, and Enemy.
• As you can see in the image, your role, assigned validator & objective will be defined.
• ⚔️ Enemy: In this role, you have to stake your tokens to the opposite validator and try to lower the rank of your validator.
• 🛡️ Neutral: In this role, you may need to adjust the rank of your assigned validator based on the objective rank. It could mean, either you need to lower or upper the rank.
• 🧑🏼🤝🧑🏻 Friend: In this role, you have to support your assigned validator by staking your tokens.
• For eg, let's try out the round as seen in the image.
• According to it,
- Role: Neutral
- Assigned Validator: DSRV
- My objective: Move your Validator to the assigned rank by allocating SUI Stake to them.
• As you can see, the current rank is 37 out of 41.
• So, I have to move the assigned validator to at least the 25th rank.
• I need to stake my tokens to DSRV in order to do that.
• I will search for "DSRV" in the list of validators and stake my tokens to them.
• Players earn 10 points for completing their objective and an additional point for each rank their validator gained.
• 2,000 allowlist spots will be declared at the end of the testnet and will depend on the score of each player.
• That's all for this guide!
🧾 I have sent out my second newsletter today, and there are many alphas to discover in it. You can subscribe to it here and read the letter: https://alpharush.substack.com/p/alpha-rush-a-surprise-airdrop-dropped
- Optimism Airdrop 2 Confirmed & Distributed!
11,742,277 $OP distributed to 307,965 unique addresses
📸 Snapshot taken on: 01-20-2023 0:00 UTC
Eligiblity for #Airdrops:
• Participation in governance
• Optimism Mainnet poweruser
🧵 More info👇
The main part of this airdrop was "Governance" and maybe to your surpise I had mentioned it as one of the three steps for securing the second airdrop according to me here:
https://twitter.com/its_airdrop/status/1601918007499927552
📦 The allocations for this airdrop.
✨ Bonus and description
Claiming?
There is no need to claim the airdrop, it will has been sent directly to your wallet.
You can check the eligible addresses here: https://bit.ly/3HLWt3n
Congrats if you got the airdrop!
Don't worry if you missed out on this airdrop. There will be plenty more opportunities in the future. To stay informed, be sure to follow me, and you won't miss any future airdrops.
Additionally, alpha is the key focus here. As such, I won't provide any information. I will simply offer this link for your convenience: https://alpharush.substack.com/
See ya!
- Let's explore a new Layer 1 blockchain: Lamina 1
In this thread we will cover:
• Info about the project
• Token info
• Testnet guide
• Crew3 task
Although not confirmed, you can maximize your chances of getting #Airdrops by diving in!
🧵Info:
• Lamina 1 is a new layer 1 blockchain mainly focused on "Metaverse".
• They are also building interoperating tools and other services for the Open Metaverse.
• Based on a fork of the Avalanche blockchain, it uses PoS consensus algorithm.
• The project is founded by Peter Vessenes (Co-founder of the Bitcoin Foundation) & Neal Stephenson (For originating the word 'Metaverse)
• HTC, the Taiwanese tech firm will be collaborating with Lamina1 by using their tools for the migration of digital assets between different metaverse platforms.
• Currently it's in the first testnet phase.
• Mainnet is expected in Q2/3 2023
🟡About Token:
• $L1 will be the native token of Lamina1.
• The supply is yet to be revealed along with the tokenomics.
• Use cases for the token:
1. Gas fees
2. Staking
3. Provide a basic unit of account between the multiple Subnets
Just, before we start with the testnet guide, I want to make it clear that no airdrop is confirmed. But there will be some kind of prize pool i.e, TBA.
Also, try it at your own risk and DYOR!
🧪Testnet Guide
• Create a new wallet & save the phrase: https://wallet-test.lamina1.network
• Go to "Manage Keys" >> click on "Save Keys" and save your account on the browser.
• Click on "View C Chain Private Key" and copy and import the wallet on metamask.
• Go to: https://faucet-test.lamina1.network
• Add the RPC to metamask by clicking on "Add subnet to metamask"
• Paste your metamask wallet address in the faucet and claim some test L1 tokens.
• Now you can test out the testnet features on the lamina1 wallet dashboard.
• Features such as:
1. Send - Send funds to different wallets
2. Cross Chain - Transferring tokens between X, P, C chains.
3. Earn - First swap 1.1 $L1 from C chain to P and then go to the earn tab and delegate.
4. Discord - You can join on discord and give your feedback: https://discord.gg/lamina1
• You can also join their crew3 quest: https://crew3.xyz/c/lamina1/invite/FXh42UUBYJkY-LZ7rN0U2
That's all for this guide!
See you in the next one. CIAO!
🎉Also guys, I started my own free newsletter and will be sending out the first alpha-packed letter this Sunday to my subscribers. So, yeah if interested join me👉
https://alpharush.substack.com/
- The Lens protocol airdrop is much closer than you think.
Recently $LENS price interface was displayed on coinbase: https://www.coinbase.com/price/lens-protocol
🧵Here are 2 ways you can get a lens handle as of now👇
There are also rumors that Stani Kulechov (Founder of lens protocol) hinted at the block time of the snapshot for the lens airdrop.
According to me, these things will matter the most:
- The follower count [You can paste your lens handle below this thread]
- Lens handle activity.
As there is no confirmation on the snapshot, it's up to you to decide whether to follow the below steps👇
🧮 Methods:
1. Opensea [Paid and instant]
2. Phaver [Free but time-consuming and waitlist method]
1. Buying directly from Opensea [Instant, but risky]
• Here: https://opensea.io/collection/lens-protocol-profiles
• This is the easiest way to claim a handle.
• The floor price as of now is $79.77.
2. Phaver
Now the thing here is to gain an SBT (soulbound token) from phaver and joining the waitlist for the lens free mint
• Connect your matic wallet: https://provenance.clique.social/campaign/phaver
• Connect discord and twitter.
• Join them on discord and twitter.
• Submit Entry.
• The SBT will be airdropped to your wallet. (This is not instant, the date for the distribution is done batch wise based on the activity on social media)
• After you get an SBT, connect your wallet and SBT to phaver: https://phaver.app.link/airdropofficial7 (referral link)
• You will be upgraded to level 2 on phaver and included in the next free mint waitlist of lens protocol.
You can join my free alpha newsletter here: https://alpharush.substack.com/is
- Sui's Frenemies game is live on their testnet V2.
You can earn 1 of the 2,000 allowlist spots for the Sui Community Access Program by playing it.
🧵Here is how👇
🗃️ Index:
1. Game Info
2. About Sui Community Access
3. Game Tutorial
1. Game Info
• It was designed to test out the staking functionality.
• You can stake tokens and choose to support validators to compete on the leaderboard.
• Players will be randomly assigned one of 41 validators, as well as a role: Friend, Neutral, or Enemy in each.
2. About Sui Community Access
• The Sui Community Access Program was designed to enable users to acquire some tokens in the early stages by buying them.
• There isn't much info available about the price, supply, and tokenomics.
3. Game Tutorial
• Setup Sui wallet: https://bit.ly/3US9q0B
• Gain some test Sui tokens from the "testnet-faucet" channel on discord: https://discord.gg/sui
• Connect here: https://frenemies.sui.io/
• To join a round click on "Play Round X" in the top right corner.
• Now there are 3 roles: Friend, Neutral, and Enemy.
• As you can see in the image, your role, assigned validator & objective will be defined.
• ⚔️ Enemy: In this role, you have to stake your tokens to the opposite validator and try to lower the rank of your validator.
• 🛡️ Neutral: In this role, you may need to adjust the rank of your assigned validator based on the objective rank. It could mean, either you need to lower or upper the rank.
• 🧑🏼🤝🧑🏻 Friend: In this role, you have to support your assigned validator by staking your tokens.
• For eg, let's try out the round as seen in the image.
• According to it,
- Role: Neutral
- Assigned Validator: DSRV
- My objective: Move your Validator to the assigned rank by allocating SUI Stake to them.
• As you can see, the current rank is 37 out of 41.
• So, I have to move the assigned validator to at least the 25th rank.
• I need to stake my tokens to DSRV in order to do that.
• I will search for "DSRV" in the list of validators and stake my tokens to them.
• Players earn 10 points for completing their objective and an additional point for each rank their validator gained.
• 2,000 allowlist spots will be declared at the end of the testnet and will depend on the score of each player.
• That's all for this guide!
🧾 I have sent out my second newsletter today, and there are many alphas to discover in it. You can subscribe to it here and read the letter: https://alpharush.substack.com/p/alpha-rush-a-surprise-airdrop-dropped
- How to create a wallet, receive, buy, and mint your own Bitcoin Oridnals NFTs.
💵 A punk NFT on bitcoin recently sold for 9.5 $BTC ($214,000).
At the time of writing, just over 101K NFTs have been minted on the bitcoin network.
🧵 This could be a degen opportunity...
1/
Before starting, note that this is a relatively new tech, so multiple risks are involved.
As there is no proper marketplace available, OTC is the only trade option and this increases the risk of scams.
So proceed with caution. After all, it's a degen play...
2/
Now to be simple, Bitcoin Ordinals are NFTs on bitcoin.
But, the creator of this protocol @rodarmor likes to call it "inscriptions" rather than NFTs.
It's like storing an NFT or data on each satoshi.
Bitcoin Ordinals consist of 2 concepts:
🔢 Ordinals
🎨 Inscriptions
3/
🔢 Ordinals are based on the ordinals theory, which is a way of numbering a sequence of things.
In the case of bitcoin, 1 BTC = 100,000,000 satoshi.
Each of these sats is tracked or numbered using the ordinals theory, the ordinal here is a UTXO for a specific Sats.
4/
An unspent transaction output (UTXO) refers to a specific unit of Bitcoin that has not yet been spent.
Each UTXO is associated with a specific amount of Bitcoin and a unique identifier that represents the transaction that created it.
5/
🎨Inscriptions: By inscribing sats with arbitrary content, inscriptions can create unique digital artifacts that are native to the Bitcoin ecosystem, which is often referred to as NFTs.
Now there are many differences between NFT on ethereum and bitcoin.
6/
For example, the data such as images for ethereum NFTs are stored on IPFS (off-chain), whereas for bitcoin the data is stored on-chain.
Once an inscription has been created, neither the creator nor the owner can modify it in any way.
7/
You can not only store images but also many more things.
Inscription 466 consists of a game: http://bit.ly/3lAH92a
8/
Let's move on to the guide...
9/
1. Creating a wallet for receiving NFTs
• Download the standalone wallet file for your system: https://sparrowwallet.com/download/
• Check this detailed step-by-step guide for creating an ord compatible wallet with Sparrow Wallet: https://bit.ly/3Yz4L5H
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2. Creating/Minting your own NFT on bitcoin
U need to run a full bitcoin core node for minting, and it's a tough task to do. But there is a simple way (using this service)
• Open: https://ordinalsbot.com/
• Select your file.
• Enter the BTC address
• Select the speed and pay.
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Now, don't try to make any transactions on the bitcoin wallet where you received the NFT.
As any transaction might move that specific sat out of your wallet resulting in the loss of that NFT.
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You need a per-coin control-supported wallet for that.
And I suggest you wait for the launch of @ordinalswallet which will be launched soon. As it's a bit of a complex process using a sparrow wallet.
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3. Buying NFTs
Now for buying NFTs there is a single way as of now.
Through OTC "inscription-trading" channel on the ordinal's discord channel: https://discord.gg/ordinals
*Now there are risks involved with this, always try to trade only through escrow with the admins.
I mentioned bitcoin NFTs (ordinals) a week ago in my newsletter.
There are many more early-stage alphas you can get through it, so don't forget to subscribe, I will be posting an explosive new letter this Sunday, don't miss it out: https://alpharush.substack.com/