BTC ecosystem is now a well-known hit, so what other opportunities are there to keep an eye on besides BRC20 at the moment, and why is the $Trick free airdrop now up to $1,000? 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.

In this way, the block space of BTC can be used more efficiently, without driving up the BTC network fees, and also allows traders to avoid 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 verify. 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 BTC 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 BTC 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 BTC into the Nostr ecosystem. It’s 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 based on 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. The company will launch the issuance of assets in the near future, as well as the Fair Mint feature of Taproot Assets;

It is important to note that:

-On November 8, the official account of Nostr Assets Protocol replied to Chinese comments 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, there are more people recharging assets after Nostr was launched at 10.30, and the official asset recharge has been suspended at present, 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

Since Nostr Assets is about to launch the Fair Mint feature and is tweeting for cooperation with projects that need to issue assets, there will be a large number of new assets popping up after the feature goes live, 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 Wallet→ Receive →Lightning invoice→ enter the amount → create an invoice

4. Open the exchange → withdraw → select BTC Lighting → scan the above invoice QR code (Note: Some new users are currently unable to recharge to Alby, but they can let others transfer money to their LN address through Alby, and then they can recharge with invoice)

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, the deposit of Nostr is 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 is generated→ you can connect to the website at this time

2. After connecting to the website, you can officially go to the Marketplace to trade or make BTC deposits and withdrawals

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