Author: Nancy, PANews
Recently, as Bitcoin NFT continues to be hot, a bizarre NFT with a whimsical style called "Blob" has been dominating social media platforms and has surged to the top of the trading volume charts within days of its launch. Blob's strong surge in popularity is attributed to its inherent MEME effect, a luxurious team lineup, and unique technological innovations.
According to Magic Eden data, as of April 11th, Blob's floor price was 0.066 BTC, nearly 4.8 times higher than its initial price, with a total trading volume exceeding 158.9 BTC and approximately 8100 holding addresses. In the past 24 hours, Blob's trading volume ranked third in the Bitcoin NFT ecosystem, following only Runestone and Rune Pups.
"Free is the most expensive." This is the deep feeling that Blob holders have experienced recently. Blob was originally a Free Mint project, and later adopted the same free airdrop method as Runestone.
Similar to many Bitcoin NFTs, Blob also entered the hot MEME trend, with its logo being a highly recognizable laser eye. The laser eye has sparked a Bitcoin MEME movement and has become a form of cryptographic cultural output, with participation from individuals such as Elon Musk, MicroStrategy CEO Michael Saylor, and US President Biden. This has given Blob an inherent viral effect upon its debut, and the project's official team also encourages users to create various Blob laser eye art, full of MEME flavor.
Moreover, Blob's star-studded lineup is also a focal point of the market, including Eloc, a significant contributor to the Ordinals protocol code, Collab Manager of the NFT project Ordinals Gang, Psifour, the developer of the NFT project Cypherpunk, and Nuro, an artist of Ordinals OG.
The team's strong development capabilities have also led to numerous highlights in Blob's engraving technology and artistic form, such as the introduction of parent-child inscriptions to solve copyright issues; recursive inscriptions to break through block space limitations; the use of Delegate technology to reduce storage space and indexing difficulty, as well as save airdrop costs; in terms of appearance, despite Blob consolidating 10,000 child inscriptions into a single inscription, it achieves different colors and styles for each inscription by reading the metadata and ID of the inscription, and the addition of shader code achieves different visual effects for Blob, including wind blowing, energy flow, distortion compression, and even simulating natural environments and emotions, unlocking a new paradigm of Bitcoin NFT-generated art with interactivity. In addition, Blob also enables the possibility of adding more elements to the inscriptions in the future.
It is worth mentioning that all inscriptions of Blob, including the mother inscription #67,216,266, start with b10b, and the ID of each airdrop transaction and the Genesis transaction also start with b10b, indicating that the team pays great attention to detail. The addition of runic symbols by the official Blob account and the close connection with Casey, the founder of the Runes protocol, has also sparked community speculation.
From this perspective, Blob embodies multiple labels such as MEME, innovative technology, and artistic creativity, which may be an important reason for its outstanding performance among the various Bitcoin NFTs.
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