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The BRC 2.0 upgrade is approaching, and the Bitcoin ecosystem is welcoming a new wave of investment enthusiasm.
BRC 2.0 Upgrade Sparks a New Round of Attention in the Bitcoin Ecosystem
Recently, the impending upgrade of BRC 2.0 has triggered a wealth effect related to the assets, and the market is once again focusing on the Bitcoin ecosystem. In the past month, the transaction price of the representative NFT project Adderrels in the BRC 2.0 series has skyrocketed from about $15 to around $2300, achieving an investment return of over 100 times.
This article will briefly introduce the content of the BRC 2.0 upgrade and review the relevant concept assets and their gameplay in the market.
Overview of BRC 2.0 Upgrade
BRC 2.0 is an upgrade to the BRC 20 protocol, launched by the core maintainers of the protocol. This upgrade aims to enable EVM-compatible smart contract functionality for all BRC 20 tokens to support more advanced financial applications such as DeFi, stablecoins, DeFAI, DAOs, and RWAs.
The upgrade has received widespread support from the BRC 20 ecosystem, including the foundation led by the protocol's founders and several well-known wallets. However, the way BRC 2.0 achieves programmability utilizes an off-chain processing solution, which has sparked discussions regarding the level of decentralization and the risk of single points of failure.
In addition to programmability, BRC 2.0 also introduces the "Ordinal Locker" feature, enhancing the interoperability of BRC 20 with Ordinals. This feature utilizes Bitcoin's time-lock mechanism, bringing more gameplay options to BRC 20, such as mining, staking, airdrops, and voting.
BRC 2.0 Upgrade Schedule
The BRC 2.0 upgrade will be carried out in two phases:
Pre-BRC 2.0 Concept Assets
Although the BRC 2.0 upgrade has not arrived yet, the market has begun to hype Pre-BRC 2.0 conceptual assets. Most of these NFT projects promise to airdrop BRC 2.0 tokens in the future. Here are a few popular projects:
Adderrels: The first BRC 2.0 concept NFT, with a total of 3420 units, has achieved a hundredfold return.
LIQUID: Claims to be the first Pre-BRC 2.0 token minted on Ordinals, with a total of 50,000 NFTs.
Early Birds: Claimed to be the first BRC 2.0 series NFT with staking functionality, with a total of 5000 pieces.
buttmullets: An NFT project closely related to Adderrels, with a total of 3333.
Griftmo: Total supply of 3888 coins, the token airdrop plan related to BRC 2.0 has not yet been disclosed.
It is important to note that the current Pre-BRC 2.0 concept assets vary in quality, and investors should remain cautious when participating.