Inscription Alliance Expands Its Cross-Chain Inscription Market With the Launch of the BTIA Inscription and the SAT Token

Inscription Alliance's Bit Tower Inscription Asset (BTIA), recognized as the first aggregated cross-chain inscription in the world, has rapidly grown in popularity

Inscription Alliance, founded in 2023, quickly gained attention during the early wave of inscription protocols, particularly with the emergence of Ordi, which played a pivotal role in popularizing inscription and rune protocols within the semi-fungible token (SFT) market. However, as the market expanded, liquidity issues arose due to the order-based trading system employed by these protocols.

Recognizing the need for a solution, Taurean, a well-known figure in the crypto industry, led a team of blockchain experts to establish the Inscription Alliance Technology Lab in June 2023. The team, boasting members with diverse backgrounds ranging from BCH, Audi inscription, BNB nodes, AVAX, DeFi, NFT, and AIGC, was dedicated to developing technologies that would enhance liquidity and accessibility in inscription trading.

After four months of dedicated efforts, the team introduced the DENIM protocol, which facilitates decentralized, cross-chain trading by converting protocol tokens into DENIM-20 tokens. This protocol also powers DenimSwap, a decentralized exchange that has been continuously optimized to provide seamless trading experiences across blockchain platforms.

In a statement at the World Blockchain Consensus Conference held in May 2024, Taurean announced that DenimSwap would fully integrate cross-chain functionality through DenimBridge, enabling the exchange of high-quality SFTs without relying on any single blockchain. This announcement generated significant buzz and led to partnerships with major blockchain innovators, including the proposer of the ordinals protocol, Casey.

With the launch of the BTIA inscription on the DENIM protocol, Inscription Alliance has witnessed rapid adoption across more than 30 countries and approximately 150 autonomous DAO communities. Current statistics indicate nearly 530,000 registrations and close to 90,000 token-holding addresses, further highlighting its impact within the market.

Beyond inscription trading, Inscription Alliance is engaged in developing a comprehensive ecosystem spanning multiple domains, including Decentralized Physical Infrastructure Networks (DEPIN), Real World Assets (RWA), Artificial Intelligence-Generated Content (AIGC), and GameFi. The organization also plans to establish a “crypto credit system” and build a robust on-chain data infrastructure that enhances transparency and accessibility for all participants.

On its official Twitter account, Inscription Alliance announced a new achievement for its BTIA Mint, revealing that users can now earn SAT mining rewards by staking BTIA and idle bandwidth. SAT, the gas token for DenimSwap and a native token for the public chain, has already undergone a CertiK audit for the chain, and the SAT testnet successfully passed the security review.

Moreover, top cryptocurrency exchanges such as OKX and BYBIT have expressed interest in listing SAT as a priority, even though the blockchain is yet to be officially launched. This early engagement from major exchanges highlights the project’s perceived value and potential influence within the crypto market.

An official statement from Inscription Alliance discloses that the technical team is developing a decentralized, incentivized infrastructure network protocol to enhance resource transmission efficiency and address network traffic costs. This system will enable users with internet-connected devices, ranging from mobile to desktop, to contribute to a globally distributed network and access resources from remote terminals. Both resource-contributing nodes and terminals will be rewarded, creating a self-sustaining ecosystem.

Based on this incentive model, Inscription Alliance plans to launch the DDWP (Denim Depiner Wireless Network Protocol), an open-source, standards-compliant protocol that will serve as the foundation for a wide range of applications.

The accompanying application ecosystem, called Denim Depiner, is currently in the testing phase and available on the Google Play Store. Built on the DDWP protocol, the SAT blockchain will feature a Proof of Stake (PoS) consensus mechanism and a Decentralized Data Transmission Protocol (DDTP), which is designed to enhance node contribution and prioritize both security and speed. These technical innovations signal Inscription Alliance’s commitment to advancing Web3 technology and enhancing decentralized applications with a unique blockchain design.

As the broader cryptocurrency market continues to witness high-profile events and evolving regulations on a global scale, Inscription Alliance’s advancements are a testament to the shifting financial landscape. The organization’s progress serves as a model of how blockchain innovations can integrate seamlessly with traditional financial systems to create more secure and efficient trading environments.

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