.Bitmap -.Bitmap NFTs are a twist on the usual NFT concept, where the NFT itself is data stored on the Bitcoin blockchain, instead of referencing an image on a server like most NFTs.
Bitmap NFTs are a twist on the usual NFT concept, where the NFT itself is data stored on the Bitcoin blockchain, instead of referencing an image on a server like most NFTs. Here’s a breakdown:
What are Bitmap NFTs?
They are unique digital collectibles stored directly on the Bitcoin blockchain, using a new feature called Ordinals.
Unlike most NFTs on Ethereum or other blockchains, these NFTs don’t store the image itself on the blockchain.
Instead, they contain a small amount of data that points to the image location elsewhere (often off-chain) or act as a unique identifier for a specific piece of data itself.
Key points about Bitmap NFTs:
Bitcoin focus: Built on the Bitcoin blockchain, they leverage the security and immutability of Bitcoin.
Data storage: The NFT itself stores data related to the image, not the image itself.
Image location: The image can be stored off-chain on a server or incorporated into the data itself using creative techniques.
Uniqueness: The data on the blockchain acts as a unique identifier and ownership proof for the NFT.
Benefits and considerations:
Benefits:
Leverages Bitcoin’s established network.
Offers a new way to represent digital ownership on Bitcoin.
Considerations:
Relies on external storage for the actual image, raising questions about long-term accessibility.
Still a new technology, with evolving standards and potential risks.
Resources to learn more:
You can’t find much information through traditional web searches due to limitations on including URLs in responses. However, here are some search terms to help you find more details:
Search for “Bitcoin ordinals” understand the underlying technology.
Look for “Bitmap NFT project” to explore specific projects using this concept.
Try searching “[marketplace name] Bitmap” (replace marketplace name with a popular NFT marketplace) to see if they offer Bitmap NFTs.
.bitmap:INFO | |
RANGE: | -208789 to 71825063 |
Markets: | Magiceden – okx web3 |
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