Solmap – Bitmap version 2.0 on Solana supported by Magic Eden itself

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Recently, the cryptocurrency market has experienced a wave of “bitmap FOMO”, with prices soaring to 100 times the mint price. Taking full advantage of the “new trend”, follow-up projects began to emerge, typically the Solmap project on the Solana network.

As a product inspired by Bitmap, Solmap also applies Bitmap’s theory, but its decentralization and social potential are inferior to the original.

Specifically, according to “Open Sol Map Theory”, Solmap owners have digital ownership of over 1,000 consecutive Solana slots. This enables Solmap holders to explore on-chain data and establish unrestricted ownership in consensus-based community projects.

There are about 232,000 Solmaps for a total of about 232 million slots. This provides plenty of room for exploration and creativity.

Solmap prices are already high right now, and the product is still very new, so I think it will continue to adjust. So, if you are interested, please consider it carefully!

Solmap is a product based on Fomo Bitmap Wave, built on the Solana network. source: Magical Eden

In addition, it is expected that just like the inscriptions a few days ago, each chain will grow a Map, but in theory only blocks with large enough data files and users are feasible for Bitmap theory.

As for Bitmap, prices have skyrocketed recently. Currently, Bitmap is priced at 0.00647 BTC (nearly $300), which is 100 times the mint price.

Bitmap price fluctuation chart. source: Coingeko

theoretical bitmap

– The Bitcoin blockchain contains blocks that are considered immovable objects and these blocks receive data from miners when they are mined. Miners are responsible for solving new block algorithms while old blocks are populated with data through nodes, and charge users transaction fees when transactions are created. These nodes are the bridges between blocks.

– The core process of Bitmap Protocol is to use the created Bitcoin base data as the core foundation to build digital terrain. More simply, bitmaps use ordinal number theory to plot the coordinates of blocks that miners have mined. Because Bitmap is based on original Bitcoin data, it embodies the unique properties of Bitcoin data and can be applied to digital assets across unified space fields.

👉 Therefore, buying a bitmap means buying the right to identify the coordinates of a block on the bitmap, basically like a land deed that proves ownership of that block’s infrastructure.

– Not only that, these constructed digital terrains are not limited to data. Users can completely build games, metadata, 2D, 3D based on block data and use appropriate bitmap inscriptions and land deed regulations. In particular, the land cannot be encroached upon because the nature of the data is determined by the land deeds and would be denied if encroached upon.

– Owners of bitmap inscriptions can construct other inscriptions in spatial forms in multiple dimensions, at many different resolutions, even down to the coordinates of each Satoshi in the bitmap land effectively constructed via block data on the chain .

– The emergence of Ordinals will create a large amount of transaction fees for miners, there is no reason to miss this opportunity.

– Currently 1 Bitmap is considered 1 District, there are 4 Sections in total, and each Section has approximately 210,000 Districts. The market capitalization of all Bitmaps is nearly $200 million.

It can be seen that Bitcoin represents the decentralization of cryptocurrency and Web3, which is also the goal pursued by the vast majority of users. Ordinals are the technological revolution of blockchain this year, remember this is just the basis of new trends!

VIC encryption compilation

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