The Innovative Power of the Bitcoin Ecosystem: The Rise of Bitmap Tech and Merlin Chain

From Web2 to Web3: A Transition Triggered by DMT Theory

After years of deep cultivation in the Web2 industry, Jeff was inspired by Ordinals and the Bitcoin ecosystem, and resolutely decided to dive into the Web3 field in mid-2023. Although the market still had doubts about inscriptions at that time, he saw the potential within. Bitmap tech, as a deep builder of Bitmap, was attracted by the Digital Meta Theory (DMT). This theory posits that all content can be digitally generated, with each block corresponding to a unique digital asset, such as avatars, music, or miniature worlds, and that this data will be permanently stored and immutable.

BRC420: Innovative Asset Protocol

The BRC420 protocol developed by the Bitmap tech team brings two core advantages:

1. On-chain storage: Unlike traditional NFTs that rely on centralized cloud services, BRC420 assets are stored directly on the blockchain, ensuring the immutability and permanence of the content.

2. Openness and composability: Everything is etched on the chain, providing a rich repository of materials for subsequent innovators and fostering secondary innovation.

The core concept of BRC420 is "content modularization" and "module assetization". It allows gameplay, characters, music, and other elements to be recorded in the form of inscriptions, which can be combined into complete content and tokenized. Holders not only become stakeholders in the project but also gain access to content and potential builder status.

Merlin Chain: A New Star of Bitcoin Layer 2

The birth of Merlin Chain originates from the recognition of the limitations of Bitcoin's Layer 1 functionality. The team realized that many needs related to the metaverse, autonomous worlds, and finance could not be realized on the Bitcoin main chain, thus making Bitcoin's scalability solutions an inevitable choice.

The success of the Merlin community is mainly attributed to the following points:

1. Open and transparent: The team has always maintained a genuine and honest attitude in public, earning the trust of the community.

2. Zero marketing costs: By avoiding marketing expenses, the project has maintained the fairness of the community and stimulated the enthusiasm for spontaneous promotion.

3. Early Builder Advantage: As early participants in the Bitcoin ecosystem, the Merlin team has gained recognition and support from the community.

4. Meeting Diverse Needs: Merlin Chain not only provides strong support for inscriptions but also meets the demand for yield from Bitcoin holders, attracting a wide user base.

Future Outlook: Co-building the Bitcoin Ecosystem

Jeff emphasized that the core of competition in Bitcoin Layer 2 lies in serving the target users well. Merlin has currently established three funds: a liquidity fund, an ecosystem fund, and a Merlin token fund, aimed at comprehensively supporting ecosystem development.

The Bitmap tech team is actively promoting projects such as the recursive protocol, BRC420, and Merlin to meet market demands and address technical challenges. They are calling for more outstanding developers to join and explore how to better utilize and serve the assets and users within the Bitcoin ecosystem.

Finally, Jeff reminded all participants that the Bitcoin ecosystem is still in its early stages. He urged developers, investors, and ecosystem participants not to be eager for quick success, but to focus on solidifying the foundation and jointly promoting the healthy growth of the Bitcoin ecosystem.