Brief introduction to NFTs and BRC-20 - Bitcoin art craze unleashed?

Colors of Web3 & Entrepreneurship

Brace yourselves for an exploration of NFTs (Non-Fungible Tokens) and the groundbreaking BSC20 standard on the Bitcoin base layer in the 2nd episode of Web3 Fireside Chat series. Lam demystifies the intricacies of BSC20, shedding light on its unique features and key differences from ERC20. Raigal takes you on a visual journey through the NFT marketplace, showcasing captivating collections like CryptoPunks and BAYC. Discover the fusion of blockchain technology and art, unveiling new possibilities for creators and enthusiasts alike.

⌛ Timestamps

00:00:00 Introduction to Web3 Fireside Chat series

00:00:37 What is Non-Fungible Token (NFT)?

00:02:43 NFT Marketplances: OpenSea and Rarible

00:03:40 Value and Rarity of NFT's

00:04:10 Bored Ape Yatch Club (BAYC)

00:05:10 Differences between OpenSea and Rarible

00:05:48 Royalties in NFT's

00:07:32 Uniqueness and ownership in NFT's

00:09:49 BRC-20 standard

00:10:25 Satoshi: the smallest unit of Bitcoin

00:11:01 Ordinals: inscription and tracking system for satoshis on Bitcoin

00:12:50 Key differences between BRC-20 and ERC-20

00:14:05 Examples of art collections on Bitcoin network

00:16:43 BRC-20 and Ordinals' origin

00:17:27 Conclusion and preview for next episode

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