BRC 2.0 upgrade is approaching, and the value of related assets has skyrocketed by hundreds of times.

The BRC 2.0 upgrade is coming soon, and related assets have sparked market discussions.

Recently, with the approaching BRC 2.0 upgrade, the value of related assets has surged, sparking renewed interest in the Bitcoin ecosystem. Over the past month, the trading price of the representative NFT project Adderrels in the BRC 2.0 series has skyrocketed from about $15 to approximately $2300, achieving over 100 times the investment return.

Dragon Head NFT Monthly Surge of Hundreds, Does BRC 2.0 Upgrade Ignite a New Round of BTC Ecosystem?

Overview of BRC 2.0 Upgrade

BRC 2.0 is an important upgrade to the existing BRC 20 protocol, aimed at enabling EVM-compatible smart contract functionality for all BRC 20 tokens. This will support advanced financial applications for BRC 20 tokens, including DeFi, stablecoins, DeFAI, DAOs, RWA, and more.

The upgrade is launched by Best in Slot, the core maintainer of the BRC 20 protocol, and has received widespread support from the ecosystem. The goal of BRC 2.0 is to make BRC 20 the focus of the market again.

However, there is controversy over the way BRC 2.0 achieves programmability. It adopts an off-chain processing solution, integrating the EVM executor with the BRC 20 indexer, with the final state update completed by the indexer on the Bitcoin chain. This method is considered by some to lack sufficient decentralization and to carry the risk of a single point of failure.

In addition to programmability, BRC 2.0 also introduces the "Ordinal Locker" feature, enhancing interoperability with Ordinals. This allows users to lock Ordinals assets, providing more gameplay options for BRC 20.

Dragon head NFT monthly increase by hundred times, does BRC 2.0 upgrade ignite a new round of BTC ecosystem?

BRC 2.0 Upgrade Schedule

According to the official roadmap, the BRC 2.0 upgrade is divided into two phases:

  • Phase 1 ( August 14, ): Enable 6-character BRC 20 tokens and launch launchpad
  • Phase 2 ( September 17 ): All BRC 20 tokens gain programmability.

Dragon Head NFT monthly increase by a hundred times, does BRC 2.0 upgrade ignite a new round of BTC ecosystem?

Market Hype for Pre-BRC 2.0 Concept Assets

Although BRC 2.0 has not officially launched yet, the market has started to speculate on related conceptual assets, mainly some NFT projects that promise future airdrops of BRC 2.0 tokens. Here are a few popular Pre-BRC 2.0 assets:

  1. Adderrels: The first BRC 2.0 concept NFT, with a total supply of 3420, currently the floor price is about 1600 USD, with returns exceeding a hundred times.

  2. LIQUID: Claims to be the first Pre-BRC 2.0 token on Ordinals, with a total supply of 50,000, and a current market value of about $400,000.

  3. Early Birds: Claimed to be the first BRC 2.0 series NFT with staking functionality, with a total of 5000 units and a staking rate of 37.5%.

  4. buttmullets: An NFT project closely related to Adderrels, with a total of 3333 pieces, and a floor price of about 60 dollars.

  5. Griftmo: Total supply of 3888, the floor price is close to the public sale price, and the token airdrop plan has not yet been disclosed.

Currently, the Pre-BRC 2.0 concept assets are of varying quality, and investors should remain cautious when participating.

Dragon head NFT monthly increase by a hundred times, does the BRC 2.0 upgrade trigger a new round of BTC ecosystem?

Dragon Head NFT Monthly Surge of Hundreds, BRC 2.0 Upgrade Ignites a New Round of BTC Ecosystem?

Dragon Head NFT monthly increase by a hundred times, does the BRC 2.0 upgrade ignite a new round of BTC ecology?

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DegenGamblervip
· 22h ago
It's time to go all in again.
View OriginalReply0
HashRatePhilosophervip
· 22h ago
Another round of hype has emerged.
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MEVVictimAlliancevip
· 22h ago
Smells good but don't be greedy
View OriginalReply0
LightningAllInHerovip
· 22h ago
The crypto world should go all in.
View OriginalReply0
MetaverseHobovip
· 23h ago
They are all scamcoins.
View OriginalReply0
EyeOfTheTokenStormvip
· 23h ago
Already entered a position waiting to da moon
View OriginalReply0
MetamaskMechanicvip
· 23h ago
Now is the right time to buy the dip.
View OriginalReply0
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