The digital currency field in 2023 witnessed significant innovations, especially with the launch of the Bitcoin Ordinals protocol, injecting new vitality into the inscription market. The essence of this protocol lies in dividing Bitcoin into smaller units—Satoshis—and embedding unique information in each Satoshi, creating a novel form of non-fungible assets. The emergence of applications like BRC20, utilizing this platform, has created unique and valuable digital assets on the Bitcoin chain, leading a new market trend.
The advent of BRC20 and similar inscription assets brought a novel type of wealth effect to the market. In this race, retail investors played a pivotal role. Through the Fair Launch model, anyone could participate in the creation of inscription assets. This model generated significant market dynamics. For instance, the minting cost of an Ordi inscription was only 1 USD, but once listed on a centralized exchange (CEX), its price skyrocketed to 20,000 USD. Besides Ordi
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