Generative BRC-721
This proposal introduces the Generative BRC-721 standard, a solution to optimize block space usage in the Bitcoin ordinals ecosystem, accommodating more creators and fostering innovation. The standard utilizes a "deploy" operation to create a Generative BRC-721 collection with unique traits stored on-chain. A "mint" operation then generates Non-Fungible Ordinals, referencing the traits from the deploy operation. This process cuts down block space usage between 50% and 90%. The impact of the proposed standard was demonstrated through a case study with a Generative BRC-721 collection called "OrdiBots," showing a block space reduction of 55%. Front-ends will need to adapt to recreate and display images from the mint inscription text data. This proposed standard lays the groundwork for efficient, decentralized innovation in the Bitcoin blockchain.
This initiative seeks to spark more conversations around the Non-Fungible standard within the Bitcoin ordinals ecosystem. It aims to enhance the efficiency of launching Image Ordinals Collections, similar to the creation of fungible tokens through the BRC-20 standard.
Context
With Bitcoin network fees surging and settling at a new higher equilibrium, an influx of creators is joining the space. This trend is increasing demand for Bitcoin block space, expected to rise even further in the near future. To keep the door wide open for creators to launch their innovative ideas on the Bitcoin blockchain, we must optimize the current standard for launching Image Ordinals Collections.
Idea
We propose a new standard for launching Non-Fungible Generative Ordinals collections. This standard can conserve all on-chain resources while achieving a 50% to 90% optimization of the block space. The process includes three main operations:
Create a Generative BRC-721 collection with the deploy operation
Mint a Non-Fungible Ordinal of the collection with the mint operation
Transferring the Non-Fungible Ordinal as a standard ordinal inscription.
All these processes can be conducted without the need for an external indexer, provided that the collection creators release the official list of inscriptions of their collections, as currently required.
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