The 420 protocol (also known as the Metaverse protocol) focuses on "modularizing on-chain inscriptions." The assets are not "4-letter" homogeneous tokens, but new assets unique to Bitcoin. From the opening price of 5u on September 27th to more than 20,000 US dollars, there has been a 10,000-fold increase!
Before talking about the blue box, let’s introduce the BRC420 protocol.
The BRC420 protocol is a new approach to digital asset management, especially in the context of the Metaverse. The protocol provides creators with a comprehensive system for managing, sharing and monetizing their creations through recursion, licensing and royalties. It is designed to revolutionize the concept of digital asset creation and distribution in virtual spaces.
By using this protocol, creators can:
- Develop complex asset formats such as game items, animations, effects or game modules.
- Open source these formats for community-driven enhancement and utilization.
- Implement a unique system that links usage rights to royalties, providing new revenue streams for digital assets.
What is BRC-420? blue box
① The blue box is the first asset officially issued by RCSV, the #BRC420 project party. It is the core of the entire ecological empowerment, similar to the mother box of the $Raca ecology. BRC420 is an asset management protocol on BTC, and RCSV is the project party of BRC420.
②Blue Box will receive dividends from subsequent ecological income, airdrops from ecological cooperation projects from time to time, and whitelist qualifications for Bitcoin ecological cooperation projects, etc.
③Blue Box is a Layer 2 head project of a BTC ecosystem. Currently, Layer 2 based on ZK is under development and testing and will soon be launched on the test network.
④The blue box is expected to be an NFT, but it will be tokenized soon. Each blue box can be exchanged for 2,100 tokens by then. With sufficient liquidity, you don’t have to worry about the difficulty of selling the NFT when it exits. It is suitable for large-capital deployment and also It is convenient for market makers to make markets, and everyone who understands it understands
BRC-420 Analysis
①According to CoinmarketCap data: The current population of the top 100 by market value is 500 million, and the bull market development is expected to have a population of 2 billion. If the blue box enters the top 100 by market value, the unit price will reach 200,000 U.S. dollars. The population of the top 50 is now 1.5 billion, and the bull market will develop to 5 billion, and the blue box will go to 500,000. I think it is not an exaggeration for the blue box to reach 200,000-500,000. You can take a look at the projects currently ranked 50-100, and how many people are playing it.
② If the market value of Metaverse leader in the last bull market reaches 5-10 billion, the corresponding price would be 500,000-1 million knives.
③The overall size of the BTC ecosystem. If the BTC market of pie reaches 150,000 US dollars, the overall market value is 3 trillion, and the participation of 5-10% of the BTC ecosystem means a scale of 150-300 billion, currently it is 5 billion, and overall there is still With room for growth of 30-60 times, the blue box will reach 500,000+ at the same time
④The user data of BTC Ecosystem refers to the total number of currency holding addresses of BRC20 which is currently 300,000+ and will increase to 3 million+ in the future. The number of participating addresses of BRC420 is currently 30,000+ and will increase to 100,000-200,000 in the future, which means that there are 10 blue boxes -50 times increase; based on the above four dimensions, it is entirely possible for the blue box to reach 200,000 to 500,000 dollars
Summarize
I often tell my friends around me that BRC420 is a money tree. Whether it is the intervention of Blue Box or the creators in the ecosystem, they will make a lot of money. BRC420 is a cornucopia. Whether it is NFT or GameFi, you can enter the BTC. The best way to ecology is to participate in BRC420. Everyone will definitely have a big explosion of BRC420 in this bull market dominated by the BTC ecology.
What is a red box?
The red box is an NFT issued on the SOL chain. The theme of this NFT is: Saga: Bust of The Year 2023
At the beginning, the red box was free mint. It means free mint. You only need to pay a little gas fee to get one. Although the floor price is only 2.7sol now, based on the floor price I shipped before, it is about 6sol. SOL. The unit price is 95 knives, so the unit price of a red box is about 570 knives, which is considered a lot.
Compared with the blue box, for those who missed the blue box, the red box has the expectations of the box series Long 2, so the market attention is higher. In general, the red box can be said to be a commemorative NFT with no practical use . SOL has its own SPL-420 protocol.
In addition, due to the FOMO sentiment of blue boxes, there has also been a box trend in the market recently. Various boxes have been issued on various chains. Friends in the circle still need to analyze more when participating!
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