Thread by @OrdinalLabs

1/15 🚀💡 Introducing the Generative BRC-721 standard for the #Bitcoin ordinals ecosystem! From here on, let's refer to it as GBRC-721. This proposal optimizes block space usage, making room for more creators and fuelling #blockchain innovation. 👩‍🚀🔗💻

2/15 🛠️ The magic of GBRC-721 lies in a "deploy" operation, which creates a Generative collection. Unique traits are stored on-chain, setting the stage for Non-Fungible Ordinals! 🧩💫 #Ordinals #BTC

3/15 🎲 Using a "mint" operation, we then generate the Non-Fungible Ordinals. These reference the traits from the deploy operation - a process that cuts GBRC-721 block space usage by 50-90%! ✂️🚀 #Ordinals #BRC20

4/15 🚧 The GBRC-721 process consists of three main operations: "Deploy" to create the collection, "Mint" to generate the NFOs, and "Transfer" to move the NFO as a standard ordinal inscription. 📜💼 #GBRC721

5/15 📊 The proposed GBRC-721 standard has already been put to the test with "OrdiBots", a Generative collection. The results? A whopping 55% block space reduction! 🎯🏆 #Ordinals

6/15 🕹️ GBRC-721 Deploy operation stores the collection's general info & unique images of traits on-chain. Think of it as the ultimate source of truth! 🧪📖 #Ordinals #BRC20

7/15 🏗️ Next, the GBRC-721 Mint operation stores info about the actual NFO being minted & references to the Deploy inscription(s) on-chain. It's like the blueprint to your unique NFO! 📐🎨 #Ordinals #BTC

8/15 🚄 GBRC-721 Transfer operation allows for the smooth movement of the NFO as a standard ordinal inscription. It's all on-chain, no external indexer needed! 🔄🔗 #Ordinals

9/15 🔬 The impact of GBRC-721 is huge! The unique traits' images are inscribed just once in the deploy transaction. Assets are composed of a text file referencing these traits. Everyone can recreate the image using on-chain deploy inscription! 🔍🔁 #Ordinals

10/15 🤖 With GBRC-721 applied to OrdiBots, we saw a total expected reduction of about 55% of block space. More complex traits could see even greater efficiency! 📈💥#Ordinals

11/15 🌐 Front-end interfaces will need some tweaking to display the actual image generated by the GBRC-721 mint inscription. But this can be accomplished seamlessly by scanning user text inscriptions for a "gen-brc-721" inscription. 🔄🖥️ #Ordinals #BRC20

12/15 🧭 Also, to reconstruct images from a GBRC-721 deploy inscription, we can use a simple script. This will generate the base64 encoded image and its corresponding hash from the mint operation format. 📝🔒 #Ordinals

13/15 💡 Remember, this is just an illustrative example and might not cover all scenarios comprehensively. But the potential of GBRC-721 is enormous! 🚀🌟

14/15 🌟 So, let's welcome the era of efficient, decentralized innovation on the #Bitcoin blockchain with GBRC-721! 🎊💫 #Ordinals #BRC20

15/15 📚 For more details, do check out the full GBRC-721 proposal;

github.com/jerryfane/gene…

And follow GBRC-721's creator here: @0xJerry543 👏

@0xJerry543 That's a wrap!

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