SATS rose 250% in two days, what happened to the BRC-20 market?
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Recently, the BRC-20 token sats has continued to rise. Coingecko data shows that in the past half month, the price of sats has been hovering around 0.00000002 USDT for a long time. In the past two days, the price has climbed rapidly, reaching a maximum of 0.00000007 USDT, with a maximum increase of nearly 250%. What has happened in the BRC-20 market recently?
Meme coins that Impossible to mint
When it comes to sats, the biggest impression people have on it is its extremely large supply. The total supply of sats is 2,100,000,000,000,000, which is 2,100 trillion, which is 100 million times that of Bitcoin.
Therefore, at the beginning of its launch, many users did not believe that this BRC-20 token would eventually be fully minted. But the enthusiasm of users is powerful, and sats, a meme named after Satoshi Nakamoto, was eventually fully minted.
On September 24, the casting progress of sats reached 100%, with the total number of castings reaching 21,107,258 times and 36,061 holders. The casting started on March 9, 2023 and took a total of 6 months.
Judging from the number of participants, there are enough sats, which to a certain extent represents sufficient "decentralization". Moreover, the token name itself is an "innate advantage", which also gives sats a certain advantage in the competition on the meme track.
Meme coins turned into utility tokens
As the scale of the sats community expands, UniSat, the largest wallet developer in the BRC 20 ecosystem, has also taken a fancy to this "hot potato". The UniSat team is trying to empower sats and increase application scenarios. (note: UniSat Wallet is a Chrome plug-in wallet for the BTC ecosystem, helping users store, mint and transfer BRC-20 tokens, including buying and selling BTC, NFT, domain names, etc.)
The story of Meme coin "empowerment" is not the first time it has happened in the crypto world. Previously, DOGE and SHIB had once triggered heated discussions in the market for "issuing chains". The story this time comes from the fee consumption of swap. In UniSat's latest brc20-swap, sats will be charged as a handling fee, which will cause users to consume a lot of sats.
UniSatWallet stated that brc20-swap will charge a 0.3% service fee to all users participating in the transaction. About 1/6 (0.05%) of this fee is collected by UniSat, and the remaining 5/6 (0.25%) is allocated to each trading pair. All liquidity providers. This fee structure is primarily based on the rate scale currently used by UniSwap. Regarding the use of handling fees, UniSat will donate 2% of its income to L1F (Layer1Foundation). In addition, UniSat will open the fully interpreted and verified source code of brc20-swap to facilitate early support of the indexer.
At present, the brc-20 protocol and even the entire Ordinals ecosystem are still in their early stages, and UniSat occupies a huge market share and influence. Sats is favored by UniSat and provides itself with great positive expectations. OKX data shows that sats generated approximately US$2 million in trading volume in the past 24 hours.
BRC20-swap went online with twists and turns
Previously, due to the "original" user experience and poor liquidity, brc-20 tokens still belonged to the "small circle" niche track, and the lack of infrastructure made it difficult for EVM whales to enter. The opening of UniSat's brc20-swap has opened a channel for more users to enter the Bitcoin ecosystem and trade BRC-20 tokens. The launch of this product has also experienced some setbacks.
On September 27, UniSat Wallet announced the launch of the brc 20-swap testnet, where users can mint BRC-20 tokens, deposit, trade and increase liquidity on its testnet.
On October 10, UniSatWallet announced the release schedule of the brc20-swap mainnet, which is planned to be launched on October 25.
On October 22, UniSat itself encountered technical difficulties. Some users discovered that different markets are using different versions of ord, which index different inscription numbers. Before MagicEden, OKX and UniSat Wallet all used the same ordinal number, there was a risk of double spending when trading BRC-20.
UniSat later issued a response on . We are monitoring the work of contributors and indexers and will promptly notify our users." On the same day, Magic Eden suspended BRC-20 trading.
On October 25, the original scheduled mainnet launch time for brc20-swap has arrived. However, UniSat delayed the launch of the product and postponed its mainnet launch to October 31. At the same time, it stated that during the initial mainnet launch, the team will continue to distribute Prime Access for free; as more users join, the team The performance of the system will be closely monitored and any issues that may arise promptly addressed; after a series of iterations, all features will eventually be made available to all users.
On November 1, Beijing time, the brc 20-swap mainnet was officially launched. However, unlike common "permission-free" DEXs, brc20-swap still requires a certain "permission" before trading can be started.
Among the first batch of online assets, UniSat has included 14 inscription assets in the first batch of support lists for the brc20-swap mainnet, namely: sats, ordi, trac, oshi, btcs, oxbt, texo, cncl, meme, honk, .bit, vmpx, pepe, mxrc. Specifically, asset open trading adopts an "on-demand transaction" model: only when a new user deposits relevant assets into brc20-swap, the withdrawal request can be used.
It seems too early to draw a conclusion on how far the BRC-20 ecology can go. It might as well let the bullets fly for a while and wait for development.
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The Sandbox Hires Ex-PlayStation, Apple Exec to Drive Game's Creator Economy
Nicola Sebastiani, who previously worked at Ubisoft and PlayStation, is joining The Sandbox to lead its creator economy push.
Nicola Sebastiani (left) and The Sandbox co-founder Sebastien Borget. Image: The Sandbox
Voxel-style NFT gaming platform The Sandbox has hired game industry veteran Nicola Sebastiani to be its chief content officer and help develop the crypto-forward company’s creator economy, the firm announced Tuesday.
Sebastiani has worked in the gaming industry for years, from a role on Ubisoft’s mobile team to co-founding the Apple Arcade subscription service for the App Store, and ultimately leading PlayStation’s mobile strategy over the last two years. Now he has moved into the Web3 world with The Sandbox.
“I think that we are at a historical shift in gaming,” Sebastiani told Decrypt in an interview. “We are fully entering the creator economy.”
Sebastiani believes that user-generated content, or UGC, is a gaming trend that will continue to gain popularity. And while The Sandbox primarily offers mini-games and gaming experiences within its broader platform, Sebastiani said that he wants players to feel free to use the platform however they like, whether it’s for socializing or experimentation.
“I really think of us as a social platform,” Sebastiani said of The Sandbox.
In addition to the game’s creator economy, Sebastiani will also oversee game publishing, internal game production, and the development of The Sandbox tools Game Maker and VoxEdit at the company.
Compared to rival platforms in the broader gaming industry like Roblox, Fortnite, and Minecraft, The Sandbox requires some knowledge and use of crypto and NFTs to fully experience. Users can connect their crypto wallets, purchase in-game items with its SAND token, and buy virtual land NFTs to build on and play within.
“I think it’s critical to The Sandbox as far as ownership, as far as giving creators and players leverage on their achievements, what they build,” Sebastiani said of the platform’s crypto elements.
A major step toward empowering creators is giving them the ability to publish and potentially monetize their own experiences. Sandbox players will finally be able to build and self-publish their experiences by the end of this year, according to the company.
The Sandbox, which has seen roughly 4.5 million registered crypto wallets, takes a 5% platform fee which Sebastiani said “is reinvested in the community” via different methods such as the company’s Game Makers Fund.
By comparison, Epic Games currently takes 12% of creator revenue, Roblox takes 30%, and rival NFT-powered platform Decentraland takes 2.5% of creator revenue.
The Sandbox saw approximately 3,840 unique active wallets engage with the platform in the past month, generating a total of $2.26 million in total volume traded according to data from crypto analytics firm DappRadar. Decentraland saw about 2,770 unique wallets generating roughly $19,880.
Overall, crypto-powered game platforms remain much smaller than industry titans like Roblox, which boasts over 200 million monthly active players. Epic’s Fortnite sees similar numbers, with about 230 million monthly active users as the platform increasingly shifts toward emphasizing its user-generated content.
The Sandbox and other crypto-powered metaverse platforms may have to continue to appeal to creators to stay competitive as the creator economy evolves. Goldman Sachs predicted earlier this year that the $250 billion creator economy will continue to grow, and could swell to become a $480 billion industry within the next three years.
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Hamas-Israeli conflict triggered a rise in interest in crypto assets; Ferrari and Taylor Swift accept Bitcoin payments; Can AI interpret dreams come true? | XWORLD Daily
Israel attack could spark interest in gold, cryptocurrencies and safe-haven assets
The Israel-Hamas conflict is a long-running, deep-rooted dispute between Israel and the Palestinian Hamas group, primarily centered in the Gaza Strip.
The ongoing geopolitical conflicts in the Middle East, particularly between Israel and Hamas, have inadvertently highlighted some potential positive impacts on cryptocurrencies. First, rising geopolitical tensions may fuel interest in digital assets as safe-haven investments.
Cryptocurrencies like Bitcoin are increasingly viewed as “digital gold” due to their limited supply and decentralization, making them an attractive option for investors seeking refuge in uncertain times.
As traditional safe-haven assets such as gold and the U.S. dollar face challenges, cryptocurrencies may emerge as alternative stores of value.
Second, the conflict highlights the utility of cryptocurrencies in facilitating cross-border transactions and providing financial services to individuals affected by political unrest.
In regions with strict capital controls or unstable financial systems, cryptocurrencies can provide a means to preserve wealth and conduct international trade outside of the traditional banking system.
The conflict underscores the need for borderless and censorship-resistant financial instruments, reinforcing the role of cryptocurrencies in financial inclusion and resilience in areas of geopolitical tension.
The conflict in the Middle East indirectly demonstrates how cryptocurrencies can facilitate global investment and financial empowerment in crisis-affected regions.
SkyBridge Capital founder: The Federal Reserve system has fundamentally collapsed, and Bitcoin’s market value may reach $15 trillion
Anthony Scaramucci, founder of Skybridge Capital, said in an interview that although the Fed is performing well, the system in which the Fed operates is fundamentally broken. He cited concerns about the devaluation of fiat currencies and said the U.S. government was spending more than it was taking in.
He explained that this situation is dangerous because the borrowed money must be repaid with more dollars, which could lead to a severe economic recession. Therefore, he concluded that the Fed would eventually find itself in trouble due to a system breakdown.
As a solution, he proposed an alternative, an immutable asset with clear scarcity that is essentially a transparent transaction ledger. He pointed out that no asset has such characteristics except Bitcoin, which he believes is evolving into a store of value that may be more valuable than gold.
He predicted that in the event of a collapse of the U.S. financial system, Bitcoin’s market capitalization would reach $15 trillion.
Bloomberg TV to launch SBF documentary on October 26
Bloomberg Television will launch the documentary “RUIN: Money, Ego and Deception at FTX” on FTX founder SBF and the trading platform at 7:00 on October 26, Beijing time.
Buy Taylor Swift Movie Tickets with Bitcoin, Dogecoin, and SHIB
People can now use cryptocurrencies including Bitcoin, Ethereum, Dogecoin, and Shiba Inu (SHIB) to purchase tickets to the long-awaited movie Taylor Swift: Journey Through Time, which releases today Premiering in theaters around the world.
The film, which has already grossed a staggering $100 million in pre-sales ahead of its premiere, chronicles Swift’s ongoing, record-breaking global tour and is expected to generate more than $5 billion worth of economic activity in North America alone.
The film’s cryptocurrency tie-in is provided by cryptocurrency payments provider BitPay, which formed a partnership with theater chain AMC early last year. Moviegoers can now simply visit AMC via the chain’s website or mobile app and select BitPay as the payment method at checkout. In addition to BTC, ETH, DOGE, and SHIB, users can purchase tickets using other cryptocurrencies, including Bitcoin Cash, Litecoin, and XRP.
New tattoo machine can imprint NFTs on arms, allowing artists to collect royalties
Tattoo robots capable of delivering computer-generated ink to humans have been around for years, but a new device goes a step further by offering designs that are also stored on the blockchain, allowing creators to collect royalties.
An Austin-based company called Blackdot launched a device of the same name and counts NFT pioneer Tyler Hobbs as one of its backers.
“When I started to understand what the Blackout device was capable of, the level of precision and detail it achieved was amazing,” Hobbs said. “It seemed like a natural fit, this fusion of the digital and the human, bringing the human and the machine together in some way, which is really a great passion of mine for art, so the opportunity to work with Blackdot came to me. It’s really exciting.”
Blackdot plans to offer custom designs from a number of different artists who will create the tattoos, which the recipient will also own as NFTs.
A mockup of a tattoo device offering NFT ink: Image: Blackdot.
The Museum of Modern Art’s first permanent collection of AI + blockchain artwork
New York’s Museum of Modern Art (MoMA) has acquired “Unsupervised,” a generative artwork that uses artificial intelligence to create visual designs inspired by the museum’s archives, for its permanent collection.
The piece was created by Turkish digital artist Refik Anadol for MoMA last year. To do this, Anadol built a complex machine learning model designed to absorb more than 200 years of artworks from the museum’s catalog and then output an ever-changing series of audiovisual effects that reinterpret, alter and reinterpret these original works. repeat.
Changes in light, movement, acoustics and even weather constantly alter the look and sound of the work. The work is currently on display in MoMA’s lobby through October 29, after being extended to draw crowds to sit and watch the changing landscape.
Refik Anadol:Unsupervised
Huang Licheng bought 8 Winds of Yawanawa, and the NFT floor price rose by more than 70% in 24 hours
According to information on the chain, Huang Licheng’s address purchased a total of 8 art NFT Winds of Yawanawa on October 16, spending a total of 117.77 ETH. Blur data shows that the floor price of the NFT is currently 14.49 ETH, with a 24-hour increase of 70.67%.
The Winds of Yawanawa is an NFT series launched by the famous Turkish-American new media artist Refik Anadol in collaboration with the Yawanawá community, the indigenous people of the Brazilian Amazon forest.
OpenAI stated in its core values update that it is fully committed to building general artificial intelligence
Recently, OpenAI quietly changed its “core values” list to include artificial general intelligence (AGI), which was not explicitly listed before, and ranked it at the top, showing its strong pursuit of AGI. Previously, OpenAI’s recruitment page listed six core values for its employees to follow, namely boldness, thoughtfulness, humility, emphasis on impact, teamwork and focus on growth. However, these values have now been replaced with five new values, with “AGI focus” being the first.
The official website of OpenAI writes: We are committed to building safe and beneficial AGI, which will have a huge positive impact on the future of mankind. Anything that does not meet this goal is not considered. The remaining four values are fierce and tenacious, scale, creating things that users love, and teamwork.
“SpongeBob did 9/11”, Elmo holding a knife: artificial intelligence art becomes popular
Generative AI makes it easier for ordinary people to create art and other content. It also makes it easier to create something truly wild and controversial, like an AI-generated image of SpongeBob SquarePants or Nintendo’s Kirby flying a jetliner into the World Trade Center.
Social media platforms have been flooded with images of stickers purportedly created using Facebook’s AI-powered sticker generator. These include images of Elmo brandishing a knife, Mickey Mouse in a toilet, Wario and Luigi from the Super Mario series holding rifles, and even scantily clad Canadian Prime Minister Justin Trudeau image.
Neurotech startup Prophetic hopes to use neuroscience and AI to interpret dreams
Prophetic AI is developing “Halo,” a non-invasive neural device to stabilize and induce lucid dreams. Source: Prophetic AI
The content of our dreams can reveal a lot about ourselves, what is going on in our lives, and our subconscious concerns. To tap into these insights, Prophetic is developing a “non-invasive” neural device to induce and stabilize lucid dreams, in which dreamers are aware that they are dreaming.
“If you look at the history of prophets, whether it’s Abraham, Muhammad or Buddha, they all received prophetic wisdom from dreams,” said Prophetic co-founder Eric Wollberg. “The goal here is to make anyone a prophet and give people access to prophetic knowledge, wisdom and interface.”
“We believe that lucid dreaming is a particle accelerator of consciousness: a state that allows objective observation of the neural basis of self-awareness, (meta)cognition and sensory perception,” Prophetic said.
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