Omnichain Ordinal Inscriber

• Users can inscribe data permanently, backed by Bitcoin and create an ERC721 compatible NFT to be used in the all the EVM chains ( connected by zetachain ) This means you can mirror all the existing defi primitives with Bitcoin, starting out with NFTs with our protocol.
• It was earlier impossible to create Bitcoin-backed assets and there weren't any bitcoin native defi protocols available. This presented a serious problem to wider use-cases the digital gold can provide. With our protocol, we allow users to create bitcoin backed NFTs and use them in a composable manner.
• Zetachain's innovative approach to omnichain connectivity addresses critical interoperability challenges in the blockchainecosystem. This advanced functionality ensures that users are not constrained by the limitations of protocols with lower liquidity.Instead, it facilitates seamless integration and utilization of Bitcoin-backed financial instruments across multiple Ethereum VirtualMachine (EVM) compatible chains. By leveraging this omnichain interoperability, users can efficiently migrate their assets to theEVM chain that offers the most advantageous Annual Percentage Yield (APY) and superior liquidity pools. By integrating diverse blockchain networks, Zetachain effectively mitigates the prevalent issue of fragmented liquidity in thedecentralized finance (DeFi) space.
• Bitcoin often follows Ethereum's price trends, but Ethereum stands out due to its higher yields and greater usability, driven by itsnumerous ETH-backed protocols in the DeFi space. Our new protocol addresses this disparity, enabling the use of Bitcoin instandard financial protocols, traditionally dominated by Ethereum. This innovation allows Bitcoin to be seamlessly integrated intothe DeFi ecosystem, enhancing its utility and yield potential in various financial applications.

Links

• https://github.com/z3k-ethglobal/spheron-deployed-app
• https://github.com/z3k-ethglobal/node-backend-scripts
• https://github.com/z3k-ethglobal/bitcoin-ordinals
• https://github.com/z3k-ethglobal/erc721-arbitrum
• https://github.com/z3k-ethglobal/erc721-polygon