Bitmap Theory Claims To Bring The Metaverse To Bitcoin
A new open-source standard called Bitmap Theory allows individuals to claim ownership of Bitcoin blocks, which theoretically could be used to create unique digital assets in the metaverse. The protocol is gaining traction in much of the Bitcoin community, with some users already selling blocks for as much as 0.1 BTC.
Bitmap Theory piggy backs off of ideas introduced via the Ordinals protocol, which allows users to permanently inscribe data onto individual satoshis. However, Bitmap Theory takes that concept a step further by allowing users to claim ownership of entire blocks on the blockchain. This means that users could potentially own the data contained in a block, as well as claim the right to use that data in any way they see fit.
As an example, a user could choose to own the block that contains the first transaction ever made on the Bitcoin blockchain – which would give them a unique piece of Bitcoin history – and they could use the data in that block to create a digital asset in the metaverse. Another possibility is that users could fractionalize blocks and sell them to others.
The Bitmap Theory is still in its early stages, but commentators are already proclaiming that it has the potential to revolutionize the metaverse by bringing it to the Bitcoin blockchain.
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