Introducing Giants Protocol: World\'s First Bitcoin Digital Asset Creation Protocol

SINGAPORE, June 24, 2024 — Giants Protocol, developed by Giants Planet, introduces a groundbreaking approach to digital asset creation on Bitcoin

Giants Protocol, developed by Giants Planet, is the world's first digital asset creation protocol utilizing UTXOs (Unspent Transaction Outputs). This protocol enables the creation, management, and upgrading of both digital and physical assets on the Bitcoin blockchain. Giants Planet is backed by the Singapore Sovereign Wealth Fund and is building a gamified Bitcoin ecosystem that spans from L1 to L2, enabling the creation and gamification of both physical and digital assets with a full suite of Bitcoin infrastructure.

Announcing Giants Protocol: A New Era in Digital Asset Creation on Bitcoin

Giants Protocol provides a robust framework for creating and managing digital and physical assets on Bitcoin. This protocol pioneers new innovations in the Bitcoin and Web3 ecosystems, rebuilding Bitcoin's foundation with UTXOs to unlock the potential for a wide range of digital assets, extending beyond gaming to include AI and real-world asset (RWA) creation.

Core Functionalities of Giants Protocol Innovative Applications and Real-World Impact Giants Protocol empowers developers to embed unique in-game assets directly into the Bitcoin blockchain through a process known as “etching,” ensuring these assets are permanently inscribed and tamper-proof. This capability could revolutionize the management and tracking of assets such as property deeds, investment portfolios, and rare collectibles in a transparent and secure manner.

Giants Protocol's Metadata Management By efficiently managing and processing metadata, Giants Protocol enhances the Bitcoin ecosystem. Giants Planet supports this protocol, ensuring seamless integration and well-organized information. This framework allows users to include metadata, offering additional context such as creation dates and creator details for each asset.

Roadmap and Future Developments Giants Planet is preparing to launch its gamification and GPS game in early Q3 2024, aiming to enhance user engagement within the Giants Protocol ecosystem by offering rewards for various activities. Users can earn points through activities like minting and etching, which are redeemable for prizes such as loot boxes and entries into weekly raffles featuring top-tier runes like $DOG, $RSIC, and $PUPS. The community beta testing has been running since Q2 2024, providing an early look at the platform's capabilities.

Bitcoin's Evolution and Dominance Originally conceived by Satoshi Nakamoto as digital gold, Bitcoin's capabilities have expanded vastly over the years. With recent innovations such as the Taproot upgrade and L1/L2 solutions, Bitcoin is unlocking new potential for complex applications. Despite Ethereum's lead in smart contracts and decentralized applications, Bitcoin still holds the largest market capitalization, almost three times that of Ethereum, indicating a greater depth of capital and liquidity.

About Giants Planet Giants Planet is at the forefront of the Bitcoin ecosystem, creating assets and a gamified Real World Asset (RWA) experience with a full suite of Bitcoin infrastructure. Enabling the creation and gamification of both physical and digital assets, Giants Planet utilizes its innovative Giants Protocol to provide a scalable, customizable system for asset management. This approach not only enhances user engagement through rewarding activities but also ensures unparalleled convenience and security for businesses entering the decentralized realm. Supported by the Sovereign Wealth Fund of Singapore, Giants Planet is poised to revolutionize the Asian digital economy and unite the world through its pioneering use of crypto technology.

Try it now: https://runes.giantsplanet.com/

Twitter: https://x.com/giants_planet

Discord: https://discord.gg/giants-planet

Read more: https://medium.com/@giantsplanet/giants-protocol-worlds-first-bitcoin-digital-asset-creation-protocol-6c2b9dcef0a1

News source：https://www.kdj.com/cryptocurrencies-news/articles/introducing-giants-protocol-bitcoin-digital-asset-creation-protocol.html

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