brc-721

BRC-1155 and GBRC-721 both present us with a new idea—BRC-20's JSON code inscriptions can not only be used for asset issuance but also diversify the gameplay of Bitcoin NFTs.

This article introduces two experimental standards on the Bitcoin network: BRC-20 and BRC-721. BRC-20 is similar to ERC-20 on Ethereum, used for issuing fungible tokens, while BRC-721 is used for issuing non-fungible tokens (NFTs). The article explores the basic principles of these standards, their advantages, and the differences from native Ordinals NFTs, as well as discussing the market prospects and challenges of BTC NFTs.