Enthusiasm for Bitcoin NFTs intensifies as one individual discovers a way to produce “fungible tokens” utilizing the Ordinals protocol. Users create meme tokens in the aftermath.
- Bitcoin non-fungible tokens (NFTs) grow as one individual discovers a new way to produce “fungible tokens” using the Ordinals protocol.
- “BRC-20” is a new approach that employs Bitcoin technology, driving the surge in Ordinal Inscriptions to 31,700.
- Many users have began deploying meme-inspired tokens like Pepe, Meme, and Doge using the BRC-20 and Ordinals standard.
What is BRC-20?
The BRC-20 token standard is a recent experiment that came to light on March 8 by a data enthusiast, Domo (who prefers to remain anonymous).
Domo took to Twitter to share his new invention: