Investing in UniSat

UniSat is the go-to platform for Bitcoin Inscriptions and Runes. The platform and wallet — available on both mobile and browser extension — are designed specifically for the Bitcoin ecosystem, facilitating the management of Bitcoin-based assets like Ordinals, BRC20, Runes, and Atomicals (ARC20) tokens. It allows users to store, mint, and transfer these assets directly within their browser without the need to run a node, making it easier and more convenient to interact with Bitcoin’s burgeoning asset landscape.

The wallet supports innovative features such as on-the-fly inscription of Ordinals NFTs and Runes, immediate visibility of unconfirmed NFTs in the mempool, and a marketplace for trading these assets. Additionally, UniSat prioritizes security by not storing private keys on its servers.

In short, UniSat is one of the only — and one of the best — existing solutions for ordinary people to interact directly with the burgeoning Bitcoin asset ecosystem.

The Ordinals protocol is leading the fastest growth of new transactions on the Bitcoin network since 2009 and BRC20 occupies the vast majority of those transactions. But, interacting directly with Ordinals and BRC20 requires technical knowhow that most people don’t have.

UniSat changes this. In the past few months, they already released a suite of products including Wallet and Inscribe in February, Search in March, and Marketplace and Runes support in April. This team knows how to ship.

Since launch, more than 50% of inscriptions have been created by UniSat Inscribe and more than 80% of BRC20 are traded on UniSat marketplace.

For the first time in Bitcoin history, there is a real opportunity emerging for profiting off of mining Bitcoin for transaction fees rather than relying on fixed block rewards. And this is primarily driven by consumer interest in trading Bitcoin native tokens.

Following the recent halving and the simultaneous launch of Runes, the number of daily Bitcoin transactions peaked at over 900K daily, with Runes even overtaking “good old BTC” transactions in fee share for a few days.

On May 8, the total fees per block temporarily exceeded the block subsidy reward for the first time since 2017.

The increasing momentum of inscriptions and Runes activity is promising for the future of Bitcoin. To maintain Bitcoin’s security budget, it is important to find a way to increase transaction fees to offset the decrease in block subsidy revenue following each halving. Currently, inscriptions and Runes are the primary candidate for driving up these transaction fees, and the platforms facilitating these transactions, like UniSat, are essential for facilitating interaction.

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Disclaimer: This post is for general information purposes only. It does not constitute investment advice or a recommendation or solicitation to buy or sell any investment and should not be used in the evaluation of the merits of making any investment decision. It should not be relied upon for accounting, legal or tax advice, or investment recommendations. This post reflects the current opinions of the authors and does not necessarily reflect the opinions of Inception Capital, its affiliates, or individuals associated with Inception Capital. The opinions reflected herein are subject to change without being updated.