Inception Capital: Why do we invest in Unisat?

Unisat is the preferred platform for Bitcoin inscriptions and runes.The platform and wallets (can be extended through mobile phones and browsers) are designed for the Bitcoin ecosystem to facilitate management of Bitcoin -based assets, such as Ordinals, BRC20, Runes and Atomicals (ARC20) tokens.It allows users to store, cast and transfer these assets directly in the browser without having to run nodes, making interaction with Bitcoin emerging assets more simple and convenient.

The wallet supports a variety of innovative functions, such as Instant Radinals NFT and runes, instant NFTs that have not been confirmed in Mempool, and markets such as trading.In addition, UNISAT puts security first and does not store private keys on the server.

In short, UNISAT is one of the best existing solutions for ordinary people to directly interact with the booming Bitcoin asset ecosystem.

Since 2009, the emergence of the Ordinals protocol has led the fastest growth of new Bitcoin network transactions, while BRC20 has occupied most of these transactions.However, interacting directly with Ordinals and BRC20 requires technical knowledge, and most people do not have this knowledge.

Unisat changed the status quo.In the past few months, they have released a whole set of products, including February wallets and INSCRIBE, search in March, and market and rune support in April.This team knows how to build the product that users want.

Since its launch, more than 50% of the inscriptions were created by Unisat Inscripe, and more than 80% of the BRC20 traded in the Unisat market.

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In the history of Bitcoin, for the first time, the opportunity to obtain transaction fees through digging Bitcoin instead of relying on fixed block rewards to make a profit, and this is mainly driven by consumers’ interest in trading Bitcoin original currency.Essence

After the recently reduced Bitcoin and Runes, the daily transaction volume of Bitcoin reached its peak, with more than 900,000 per day, and Runes’s transaction fee share even exceeded BTC in a few days.

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On May 8th, the total cost of each block has temporarily exceeded the block subsidy reward for the first time since 2017.

The growth momentum of inscriptions and rune activities is full of hope for the future of Bitcoin.In order to maintain Bitcoin’s security budget, we must find a way to increase trading costs to offset the reduction of block subsidy income after each halving.At present, inscriptions and runes are the main ways to increase trading fees, and platforms that promote these transactions (such as Unisat) are vital to promote interaction.

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