Bitmap is redefining digital real estate – it might be the next big breakthrough you’re looking for.
In the Bitcoin community, a new concept is gaining traction: Bitmap Theory. This innovation is a bridge between Bitcoin and the metaverse, two realms that have largely existed separately until now. The idea behind Bitmap Theory was introduced by Bitoshi Blockamoto on June 13.
So what exactly is Bitmap?
It is an open-source standard that allows people to claim ownership of Bitcoin blocks by inscribing individual satoshis, the smallest unit of Bitcoin, onto them. This could potentially integrate any block into the metaverse.
In simpler terms, Bitmap is a way to mark individual Bitcoin blocks with your name. This could be used to show ownership of a block, or to create a digital asset that is tied to a specific block.
For example, you could create a digital asset that is a representation of a piece of land in the metaverse and then use Bitmap to mark that asset with your name. This would show that you are the owner of that piece of land in the metaverse.
Bitmap could also be used to create digital assets tied to specific events or experiences.
For example, you could create a digital asset that represents a ticket to a concert and then use Bitmap to mark that asset with your name. This would show that you are the owner of that ticket and that you have the right to attend the concert.
Bitmap is a consensus standard that allows anybody to claim the geospatial digital real estate of a Bitcoin Block. This process is achieved by being the first to inscribe blocknumber.bitmap unto a Satoshi using Ordinal Bitmap Inscriptions. This process is equitable and decentralized, transmuting any Bitcoin Block into a part of the Metaverse at the cost of energy, explains Malik Usman, Director of Services Delivery of Citrusbits.
But what does this mean in practical terms?
With this, people can transform any Bitcoin block into a piece of digital real estate within the metaverse. Each Bitcoin block represents a unique and unchangeable record of transactions on the Bitcoin network.
And this attribute gives each Bitcoin block significant value as an asset representing ownership of the digital real estate in the metaverse.
It serves various purposes, such as hosting events, establishing businesses, or simply providing a space for relaxation and socialization. As the metaverse continues to expand, the value of digital real estate is expected to grow along with it.
And that is exactly why it has sparked a new trend within the Bitcoin community, with enthusiasts eager to stake their claim on these digital parcels of land.
Bitmap Supply?
The current Bitmap supply is “799560* as of writing this info. It keeps increasing as each block is released. Where can you buy them? Since the Blockout has happened already, you can only get them on secondary now.
Links are given below:
- Ordinal Wallet (you also have a map for easy understanding)
- Magic Eden (you can easily connect your wallet and inscribe any block)
As we speak, it’s crossed 20,000 inscriptions – and they’ve even launched phase 2 of Bitmap.
The Bitmap universe offers different types of lands that users can claim, each with its own unique characteristics. These include Sub X Lands, Palindromic Lands, Numeric Lands, Shaped Land, and Mondrian Lands.
The demand for Bitmaps featuring Zipcodes of tech giants like Google and Microsoft, along with other significant locations, is soaring. These sought-after blocks are becoming increasingly popular among people seeking unique and valuable representations, adds Gerrid Smith.
Each type of land offers unique opportunities and challenges, making it an exciting place to explore. Check out the image below to understand it better:
In the midst of this revolution, one project stands out: Bitcraft. Bitcraft is a Web3 gaming project that’s pushing the boundaries of what’s possible in the Bitcoin metaverse.
It’s creating a decentralized universe where players have a say in the game’s development.
Bitcraft uses blockchain technology to provide security and transparency, and it has its own cryptocurrency, $BLOCK, which players can use to monetize their in-game progress.
Bitcraft is more than just a game; it’s a platform for creativity and innovation. It offers an infinite world where players can build, explore, and embark on new adventures.
It also encourages community governance, allowing players to participate in the decision-making process and influence the game’s development.
They’ve even scored initial funding, and have disclosed their developmental plans for Q2 2024:
All in all, Bitmap is one the noticeable advancements in the Bitcoin metaverse, offering expanded avenues for digital exploration and interaction. These innovations will have a meaningful impact on the future of the metaverse.
For those intrigued by this digital revolution, Bitcraft provides an excellent entry point. It is a project that not only keeps up with trends but also establishes them.
Visit Bitcraft to learn more.
Author Bio: Rameez Usmani, a renowned crypto researcher and journalist, contributes to top publications like Binance, EdaFace, EdaFace, and Decrypt, covering cutting-edge topics on Bitcoin, blockchain, and the crypto industry. Connect on Twitter or Linkedin for insightful updates or you can directly email him.
