{"id":9225,"date":"2023-07-07T22:05:14","date_gmt":"2023-07-07T22:05:14","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2023\/07\/07\/cutting-costs-by-90-the-game-changing-brc69-standard-for-bitcoin-ordinals\/"},"modified":"2023-07-07T22:05:14","modified_gmt":"2023-07-07T22:05:14","slug":"cutting-costs-by-90-the-game-changing-brc69-standard-for-bitcoin-ordinals","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2023\/07\/07\/cutting-costs-by-90-the-game-changing-brc69-standard-for-bitcoin-ordinals\/","title":{"rendered":"Cutting Costs by 90%: The Game-Changing BRC69 Standard for Bitcoin Ordinals"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The new BRC69 Ordinals standard by Luminex, a web3 launchpad, might revolutionize Bitcoin Ordinals for creators and traders.<\/p>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li>Luminex introduces the BRC69 standard for Bitcoin Ordinals, offering a cost-effective solution for content creators to develop Recursive Ordinals collections.<\/li>\n<li>The BRC69 standard simplifies customization with on-chain features, including on-chain pre-reveals and drag-and-drop functions.<\/li>\n<li>Bitcoin Ordinals collections skyrocketed in popularity with successful drops such as the <a href=\"https:\/\/nftevening.com\/ordinal-punks-nft-guide\/\" target=\"_blank\" rel=\"noopener\">Ordinal Punks<\/a>.<\/li>\n<\/ul>\n<figure id=\"attachment_120040\" aria-describedby=\"caption-attachment-120040\" style=\"width: 843px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-120040 size-full\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/bitcoin-ordinals-nft.png\" alt=\"digital poster of the Luminex BRC69 bitcoin ordinals standard\" width=\"843\" height=\"639\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/bitcoin-ordinals-nft.png 843w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/bitcoin-ordinals-nft-300x227.png 300w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/bitcoin-ordinals-nft-768x582.png 768w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/bitcoin-ordinals-nft-74x56.png 74w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/bitcoin-ordinals-nft-150x114.png 150w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/bitcoin-ordinals-nft-450x341.png 450w\" sizes=\"(max-width: 843px) 100vw, 843px\"\/><\/noscript><figcaption id=\"caption-attachment-120040\" class=\"wp-caption-text\">BRC69 is a new Bitcoin Ordinals standard just revealed by the web3 launchpad Luminex.<\/figcaption><\/figure>\n<h2><span id=\"How_Does_the_Luminex_BRC69_Ordinals_Standard_Work\">How Does the Luminex BRC69 Ordinals Standard Work?<\/span><\/h2>\n<p>This week, the web3 platform Luminex revealed a new Bitcoin Standard that might change the game for Bitcoin Ordinals: BRC69. Accordingly, this standard will allow users to create a Recursive Ordinals collection with much lower costs.<\/p>\n<p>This announcement comes as content creators have struggled with the Bitcoin Ordinals\u2019 high demand. The growing number of inscribed collections meant lower Bitcoin block spaces for new creators and developers.<\/p>\n<p>Luminex\u2019s new BRC69 standard can solve these issues in four simple steps:<\/p>\n<ul>\n<li>Inscribe the digital traits of your collection;<\/li>\n<li>Deploy the collection on-chain via JSON code, offering vital information about its traits and sources;<\/li>\n<li>Compile the collection using JavaScript to inscribe the digital assets;<\/li>\n<li>Mint BRC69 assets using an HTML inscription that stores the information in a single code line.<\/li>\n<\/ul>\n<figure id=\"attachment_120041\" aria-describedby=\"caption-attachment-120041\" style=\"width: 864px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-120041 size-full perfmatters-lazy\" alt=\"Twitter screenshot of an announcement by Luminex \" width=\"864\" height=\"295\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/luminex-web3.png\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/luminex-web3.png 864w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/luminex-web3-300x102.png 300w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/luminex-web3-768x262.png 768w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/luminex-web3-164x56.png 164w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/luminex-web3-150x51.png 150w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/luminex-web3-450x154.png 450w\" data-sizes=\"(max-width: 864px) 100vw, 864px\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-120041 size-full\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/luminex-web3.png\" alt=\"Twitter screenshot of an announcement by Luminex \" width=\"864\" height=\"295\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/luminex-web3.png 864w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/luminex-web3-300x102.png 300w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/luminex-web3-768x262.png 768w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/luminex-web3-164x56.png 164w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/luminex-web3-150x51.png 150w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/luminex-web3-450x154.png 450w\" sizes=\"(max-width: 864px) 100vw, 864px\"\/><\/noscript><figcaption id=\"caption-attachment-120041\" class=\"wp-caption-text\">Luminex gave its users an insight into the BRC69 standard via social media on July 3rd. Credit: Twitter<\/figcaption><\/figure>\n<h2><span id=\"How_Is_BRC69_Different_From_Bitcoin_Ordinals\">How Is BRC69 Different From Bitcoin Ordinals?<\/span><\/h2>\n<p>To begin with, web3 creators can customize their collections much easier thanks to the simple code lines and on-chain features. For example, users can launch entire collections with on-chain pre-reveals. Moreover, you could use functions like drag-and-drop to generate your Recursive Ordinals.<\/p>\n<p>Interestingly enough, Luminex revealed that the first Bitcoin Ordinals standards inspired their innovative idea.<\/p>\n<p><em>\u201cThe brilliance of BRC69 lies in its simplicity. Minters only need to inscribe a single line of text instead of a full image. This text allows the final image to be automatically rendered on all ordinals-frontends, using solely on-chain resources, thanks to recursive inscriptions,\u201d<\/em> the team said <a href=\"https:\/\/github.com\/luminexord\/brc69\" target=\"_blank\" rel=\"noopener\">in a statement<\/a>.<\/p>\n<p>\u00a0<\/p>\n<h2><span id=\"What_Are_Bitcoin_Ordinals\">What Are Bitcoin Ordinals?<\/span><\/h2>\n<p>For those new to the trend, Bitcoin Ordinals is a revolutionary protocol on the Bitcoin blockchain. In essence, this method allows users to inscribe data on the smallest units of a Bitcoin (known as Satoshi). These inscriptions, called Ordinals, help creators generate collections similar to the well-known Ethereum ones.<\/p>\n<p>Last month, <a href=\"https:\/\/nftevening.com\/bitcoin-nft-sales-plummet-june-2023-sees-42-36-decline\/?swcfpc=1\" target=\"_blank\" rel=\"noopener\">Bitcoin NFT transactions declined by 42.36%<\/a> while Ethereum increased. Nevertheless, this market has evolved impressively since the Ordinals standard launched in Januar, so it\u2019s worth watching.<\/p>\n<p><iframe data-test-id=\"beehiiv-embed\" width=\"100%\" height=\"320\" frameborder=\"0\" scrolling=\"no\" style=\"border-radius: 4px; border: 2px solid #e5e7eb; margin: 0; background-color: transparent;\" class=\"perfmatters-lazy\" data-src=\"https:\/\/embeds.beehiiv.com\/37fed65e-f01c-4c4c-b8f1-1b71da0be0a4\"><\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/embeds.beehiiv.com\/37fed65e-f01c-4c4c-b8f1-1b71da0be0a4\" data-test-id=\"beehiiv-embed\" width=\"100%\" height=\"320\" frameborder=\"0\" scrolling=\"no\" style=\"border-radius: 4px; border: 2px solid #e5e7eb; margin: 0; background-color: transparent;\"><\/iframe><\/noscript><\/p>\n<div class=\"bottom-text__wrapper post-content\">\n<p>\u00a0<\/p>\n<hr\/>\n<p><em>All investment\/financial opinions expressed by NFTevening.com are not recommendations.<\/em><\/p>\n<p><em>This article is educational material.<\/em><\/p>\n<p><em>As always, make your own research prior to making any kind of investment.<\/em><\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/nftevening.com\/cutting-costs-by-90-the-game-changing-brc69-standard-for-bitcoin-ordinals\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new BRC69 Ordinals standard by Luminex, a web3 launchpad, might revolutionize Bitcoin Ordinals for creators and traders. TL;DR Luminex introduces the BRC69 standard for Bitcoin Ordinals, offering a cost-effective solution for content creators to develop Recursive Ordinals collections. The BRC69 standard simplifies customization with on-chain features, including on-chain pre-reveals and drag-and-drop functions. Bitcoin Ordinals [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9226,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/bitcoin-ordinals-nft.png","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/9225"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=9225"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/9225\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/9226"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=9225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=9225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=9225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}