The BTC ecosystem is now a well-known hit, so what other opportunities are there to keep an eye on at the moment besides BRC20, and why is the $Trick free airdrop now rising to a thousand dollars? In this issue, Biteye will focus on Nostr Asset in the Lightning Network and bring you a tutorial on how to participate

- What is a Tarpoort Asset

- What is Nostr Asset Protocol

- First Token Treat & Trick

- Fair Mint Participation Preparation

What is a Tarpoort Asset

1. The Taproot Asset Protocol is an asset issuance protocol that does not store asset data in the witness field of the transaction input (Ordinal way), but instead stores the data in the script path of the UTXO.

This allows for more efficient use of BTC’s block space, without pushing up the Bitcoin network fees, and freeing traders from incurring high transaction fees.

2. The Taproot Assets protocol is designed to move operations off-chain as much as possible, while allowing an unlimited number of assets to be issued and transferred in a single on-chain transaction. However, a Taproot Asset needs to have a universe that stores and validates metadata.

3. These servers act as issuers of assets and store data related to asset issuance, trading, and validation, allowing users to download and validate. Developers can leverage the Universes API to build tools such as the Taproot Assets block explorer.

Unlike Ordinals, which writes data to the blockchain, the specific data of assets issued through Taproot Asset is stored locally or in the Universe.

4. On October 19, 2023, Lightning Labs, the development team of the Bitcoin Lightning Network, officially launched the first mainnet version of Taproot Asset.

The vision of Lightning Labs is that developers can issue and manage assets on the BTC chain in conjunction with the Lightning Network. (Lightning Labs has been working on the Lightning Network to solve the problem of slow Bitcoin throughput.) The Lightning Network is a layer 2 solution on BTC)

What is Nostr Asset Protocol

5. NostrAssets is an open-source decentralized protocol designed to seamlessly integrate Taproot Assets and Bitcoin into the Nostr ecosystem. It is important to note that Nostr and Nostr Asset Protocol are two different concepts.

6. Nostr is a decentralized social network messaging protocol that provides a permissionless and trustless relay network where users interact with Relay through the client to complete functions such as publishing and subscribing to information. Jack Dorsey, Twitter’s former CEO, was a big fan of Nostr and joined the project as a supporter to fund it.

7. What Nostr Asset Protocol does is to control (custodian) the wallet by using Nostr messages, that is, to help everyone better carry out basic functions such as transfers/transactions, which is built on top of Nostr’s technology, but it is two completely different protocols from Nostr.

Details can be found at:

The current features of NostrAssets are as follows:

1. Users can import Taproot Assets from other Daemon Universes (such as Lightning Lab Universe) to send and receive at the Nostr protocol layer, and the settlement and security of assets still rely on the Lightning Network;

2. Trade Taproot Assets on the Marketplace;

3. Launch of assets in the near future, as well as the launch of Fair Mint feature of Taproot Assets;

It is important to note that:

-On November 8, the official account of Nostr Assets Protocol replied to a Chinese comment under a tweet, and some users are currently skeptical about the true identity and reliability of the project party.

• At the same time, because the BTC ecosystem is too hot now, Nostr has a large number of asset deposits after the launch of 10.30, and the asset deposit has been officially suspended, and it is expected to open again soon.

The first token Treat & Trick

On October 30, Nostr Assets airdropped its first token, TRICK&TREAT (Halloween Day), to users who participated in early quests, which is currently rising to around $1000

• Total Supply: 210 million each, 420 million in total

• Total amount of airdrops: about 80 million, accounting for about 20%

Preparation steps before participating

Due to the upcoming launch of the Fair Mint feature at Nostr Assets and the fact that it is seeking cooperation from projects that need to issue assets, there will be a large number of new assets popping up after the launch of the feature, and the agreement may usher in a new wave of attention.

Here are the steps you can take to prepare if you want to participate:

1. Alby Wallet Installation:

2. Set an unlock password and register an Alby account

3. After successful registration, click on the wallet→ Receive →Lightning invoice→ enter the amount → create an invoice

4. Open the exchange→ withdraw → network, select BTC Lighting→ scan the above invoice QR code (Note: Some new users cannot deposit to Alby at present, but you can let others transfer money to their LN address through Alby, and you can use the invoice to recharge)

In order to trade on the Nostr market, we need to ensure that we also have funds in the Nostrasset protocol, in which case we need to deposit funds into Nostra. (Market transactions need to have funds in Nostr, because Nostr takes on the role of custodial wallet here, and the expected Mint rules have not yet been released, so it is uncertain whether you need to have funds in Nostr when Mint)

At present, Nostr deposits are suspended, and the following steps can be carried out when it is opened

1. Connect Nostr→Start Setup→ save the mnemonic phrase (check and write it down one by one) → Nostr public key generation→ which can be connected to the website at this time

2. After connecting to the website, you can officially go to the Marketplace to trade or deposit and withdraw BTC

3. How to recharge: Click Receive Assets→Lightning→ enter the quantity → Create Invoice