Bitcoin New Protocol: BRC-721E
New Bitcoin Protocol: BRC-721EERC-721E enables the migration of ERC-721 NFTs to the Bitcoin network without the need to pre-engrave the entire collection. Cryptocurrency KOL provides a detailed introduction to ERC-721E, covering its mechanisms and advantages.
Teleburn requires knowledge of the token ID before destroying an ETH NFT. BRC-721E allows for burning before tokenization, meaning the destruction transaction serves as an on-chain token request. Users can also use it to receive airdrops. The indexer collects data from both chains, providing rich dynamic metadata on Bitcoin at a very low cost. BRC-721 tokens are around 100 bytes, much cheaper than tokenizing an image, with vastly improved quality as a result.
Reference: https://twitter.com/kiwi_dream/status/1663266009841811457
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