In a rare instance, the non-fungible token (NFT) project Meerkat Millionaire Country Club (MMCC) has made it possible for all users to purchase Bitcoin NFTs using Solana. Consequently, the Solana project grants 100% of royalties to community members, permitting the acquisition of Bitcoin Ordinals without the need for Bitcoin transactions.
Quick Takes:
- MMCC introduces the “Gumball Machine“, a protocol that allows users to mint and purchase Bitcoin ordinals from the Bitcoin blockchain network using Solana cryptocurrency.
- This new technology pioneers a new standard, which includes distributing royalties to token holders using the opposite network. Another benefit includes engaging community members via its Decentralized Autonomous Organization (DAO).
- Following success, developers behind this Solana project are exploring extensions to the technology for other Solana-related NFT initiatives. One of the plans includes launching the Gumball Machine as a SaaS product.
Pioneering Buying Bitcoin NFTs with Solana Crypto
Yesterday in London, on March 27, 2023, MMCC revealed the “Gumball Machine“, a user-friendly interface enabling anyone to mint and purchase Bitcoin NFTs using Solana.
MMCC revealed how the Gumball Machine transforms digital assets, including NFTs and cryptocurrencies, by providing a trustless, decentralized approach attractive to crypto enthusiasts.
Currently, the machine features MMCC’s NFTs, Millionaire Country Club NFTs on the Ordinal protocol.
Next Solana Initiatives for MMCC
Following the success, the team behind the Solana project is looking into various ways to extend this technology to other Solana-related NFT initiatives for users.
MMCC intends to launch Gumball Machine as a Software as a Service (SaaS) product. By doing so, they can enable other Solana projects to thrive within Bitcoin’s blockchain by utilizing the necessary tools.
The team at MMCC supports independent projects the best they can. They believe this is the beginning of a significant shift for the Solana and Bitcoin community.
Ways MMCC Spreads Bitcoin and Solana Advantages
MMCC is pioneering a new standard in the Solana ecosystem by being the first project to distribute royalties to token holders using the opposite blockchain network. This groundbreaking approach can significantly contribute to the evolution of the Solana environment and for more Bitcoin Ordinal NFTs to be purchased.
Furthermore, MMCC’s artist for its NFTs, SORRISO, recently introduced a fresh perspective to Solana PFPs. He individually hand-drawn features in each Meerkat design which changed the NFT data. As such, the level of detail used has made MMCC more appealing within the diverse Solana and Bitcoin network ecosystem.
The project’s DAO also actively engages its community members. The organization encourages all community members to contribute their best ideas, from diverse to unique, secure perspectives. This inclusive approach allows the project’s roadmap to grow continuously and adapt, following the feedback and insights gathered from this open forum, ensuring a dynamic and evolving project trajectory. Such ideas touch upon the Ordinals inscription process, therefore Ordinal NFTs and smart contracts.
How to Mint Bitcoin NFTs on the Solana Blockchain
Thanks to MMCC, minting a Bitcoin NFT on the Solana blockchain has always been challenging. First, users must go to the official “Ordinals MMCC” website to accomplish such an adjective without needing a Bitcoin transaction. Then, they can connect their wallet in the upper right corner, whether using Solflare, Sollet, Torus, or Phantom.
Once entering the Ordinal Bitcoin wallet address, users can pick the delivery speed for their Ordinals. For example, the slower the transaction, the cheaper, the faster, the more expensive to pay. Users must press “Sign Message” before approaching the message within the mint wallet.
Afterward, it’s time to press “Mint Your MMCC Ordinal”. Then, bask in the glory of immutable art on Bitcoin while spending Solana cryptocurrency!
If one does not hold a Meerkat digital asset, the mint price is typically 2.5 SOL, with money for the added tax fee. However, users that do contain Meerkat NFTs only have to pay a mint price of 0.50 SOL and the chosen tax fee embedded.
As more developers explore potential extensions of this technology, the success of MMCC’s Gumball Machine has the potential to significantly impact the Solana and Bitcoin communities. This protocol further bridges the gap between two prominent blockchain networks. There should be exciting times ahead.
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