Bitcoin Ordinals Launchpad Introduces BRC-69 Ordinal Standard, Reducing Inscription Costs by 90%

Luminex Unveils BRC-69

Bitcoin Ordinals Launchpad platform, Luminex, has unveiled its groundbreaking ordinal collection standard, BRC-69. This standard aims to transform the NFT landscape by significantly reducing the costs of inscriptions and introducing an entirely on-chain pre-reveal process.

As the number of inscriptions grows, the scarcity and cost of Bitcoin block spaces become increasingly apparent. According to Luminex, there is a need for inventive solutions to enable creators to bring their ideas to life while optimizing efficiency. With the introduction of BRC-69, inscriptions for Ordinals collections can now be reportedly reduced by over 90%.

BRC-69 reduces costs through a streamlined 4-step process: inscribing traits, deploying the collection, compiling the collection, and minting assets. With BRC-69, minters do not need to engrave a full image but only one line of text. This text allows the final image to be automatically rendered on all ordinals-frontends using solely on-chain resources, thanks to the power of recursive inscriptions.

As reported, these images are dragged, dropped, and saved as typical image-type Ordinals, unlike other SVG recursive collections. This breakthrough offers minters and collectors unprecedented flexibility and convenience.

The introduction of BRC-69 follows the recent update by the Bitcoin Ordinals Protocol, designated No. 2167, which introduced the concept of "recursive inscriptions" on June 12. This update aimed to overcome the 4MB barrier that restricts Bitcoin inscriptions. By combining individual inscriptions while staying within the 4MB limit, the proposal allows for inscriptions that surpass this threshold.