Inscription Alliance’s Bit Tower Inscription Asset (BTIA), recognized as the first aggregated cross-chain inscription in the world, has rapidly grown in popularity since its initial launch on July 19, 2024. This project represents a major advance in the inscription market, as it combines multiple blockchain networks into a unified trading environment. A recent collaboration with CertiK, along with a successful security audit, has bolstered the project’s credibility, contributing to its impressive growth. The project has garnered over 520,000 registrations, with approximately 90,000 wallet addresses holding the BTIA token, signaling significant engagement in the market.
Founded in 2023, Inscription Alliance originated during the initial wave of inscription protocols, notably with the rise of Ordi, which popularized inscription and rune protocols in the semi-fungible token (SFT) market. Yet, as the market grew, liquidity issues emerged due to order-based trading. Aiming to solve these challenges, Taurean, an experienced figure in the crypto sector, led a team of blockchain experts to form the Inscription Alliance Technology Lab in June 2023. Comprising members with backgrounds from BCH, Audi inscription, BNB nodes, AVAX, DeFi, NFT, and AIGC, the team dedicated itself to creating solutions that would improve liquidity and accessibility in inscription trading.
After four months of development, the team introduced the DENIM protocol, which facilitates decentralized, cross-chain trading by converting protocol tokens into DENIM-20 tokens. DenimSwap, the decentralized exchange based on this protocol, has been under continuous optimization, aiming to enhance seamless trading experiences across blockchain platforms.
Expanding Reach Through Blockchain Interoperability
In a statement at the World Blockchain Consensus Conference in May 2024, Taurean announced that DenimSwap would fully embrace cross-chain functionality through DenimBridge, thereby enabling the exchange of high-quality SFTs without reliance on any single blockchain. This announcement captured widespread attention, leading to partnerships with significant blockchain innovators, including the ordinals protocol’s proposer, Casey.
With the BTIA inscription now launched on the DENIM protocol, Inscription Alliance has seen accelerated adoption across more than 30 countries and approximately 150 autonomous DAO communities. Current metrics report nearly 530,000 registrations and close to 90,000 token-holding addresses, further underscoring its market impact.
Inscription Alliance is not limited to inscription trading alone. The organization has developed a comprehensive ecosystem focusing on multiple domains such as Decentralized Physical Infrastructure Networks (DEPIN), Real World Assets (RWA), Artificial Intelligence-Generated Content (AIGC), and GameFi. With plans to establish a “crypto credit system,” Inscription Alliance envisions a robust on-chain data infrastructure that bolsters transparency and accessibility for all participants.
SAT Token and New Blockchain Innovations
On its official Twitter account, Inscription Alliance announced a new milestone for its BTIA Mint, noting that users will be able to earn SAT mining rewards by staking BTIA and idle bandwidth. SAT, a gas token for DenimSwap and a native token for the public chain, has already been submitted for a CertiK audit, with the SAT testnet successfully passing this security review. Additionally, top exchanges like OKX and BYBIT have expressed interest, offering priority listings for SAT, despite the blockchain’s official launch still pending. This early interest from major exchanges underscores the project’s perceived value and potential influence in the crypto market.
An official statement from Inscription Alliance revealed that the technical team is focused on building a decentralized, incentivized infrastructure network protocol aimed at improving resource transmission efficiency and addressing network traffic costs. Through this system, users with internet-connected devices, whether mobile or desktop, can contribute to a globally distributed network and access resources from remote terminals. Resource-contributing nodes and terminals will receive rewards, creating a self-sustaining ecosystem. Based on this incentive model, Inscription Alliance plans to launch the DDWP (Denim Depiner Wireless Network Protocol), a pioneering open-source, standards-compliant protocol with wide-ranging potential applications.
The accompanying application ecosystem, Denim Depiner, is now in the testing phase and available on the Google Play Store. Built on the DDWP protocol, the SAT blockchain will feature a Proof of Stake (PoS) consensus mechanism and a Decentralized Data Transmission Protocol (DDTP), which promises to enhance node contribution and prioritize both security and speed. These technical innovations signal Inscription Alliance’s commitment to advancing Web3 technology and enhancing decentralized applications with a unique blockchain design.
As the broader cryptocurrency market remains active with high-profile events and evolving regulations worldwide, Inscription Alliance’s advancements reflect a shifting financial landscape. The organization’s progress serves as a model of how blockchain innovations can merge seamlessly with traditional financial systems to create more secure and efficient trading environments.