# Project Background

## 1.1 Platform Overview

#### Sats Layer

**Next-Gen Inscription Super App Chain**

Linking Inscription asset islands to capture the long-term value of the Inscription ecosystem.

<figure><img src="https://17432731-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FnQStx4llneDqjVSTb7nW%2Fuploads%2FVgK4ajiO36yKgKq1keNP%2Fimage_2024-03-06_23-01-43.png?alt=media&#x26;token=bd5892e1-df45-42e7-8242-1a295434f4a9" alt=""><figcaption></figcaption></figure>

## 1.2 Market Background

The inscription market, as an emerging concept of transforming asset issuance, is shaping the rise of decentralized communities. Traditional asset issuance models are being challenged, replaced by more open, transparent decentralized social and economic systems. This transformation not only promotes direct interaction among users but also creates a more inclusive and participatory digital ecosystem.

With the inscription ecosystem's market value reaching 5 billion US dollars, although there is still a gap compared to the trillion-dollar market value of Bitcoin, the inscription ecosystem demonstrates significant potential and room for development.

The number of Sats holding addresses has reached 43,770, with a market value of 1 billion US dollars and a staggering number of transactions totaling 21,680,554. The large user base of Sats inscription assets presents significant potential for transitioning from community consensus to value consensus, laying a solid foundation for further development of the inscription ecosystem.

The total number of inscription assets has reached 38,660, demonstrating the vast user base of the inscription ecosystem. This large user base provides considerable potential for the future development of the inscription ecosystem, positioning it as a significant player in the digital asset market.

However, 99% of inscriptions have not yet gained any value empowerment, indicating that now is the best time to leverage the top inscription narratives. With various assets emerging in the inscription market, the fragmentation of assets is becoming increasingly significant, leading to bottlenecks in liquidity development. In this diversified digital asset ecosystem, building a more closely connected network to facilitate seamless circulation between various assets becomes a crucial challenge facing the inscription market. Addressing this issue will help drive the comprehensive development of the inscription market, providing users with a more seamless and convenient digital asset experience.

<figure><img src="https://17432731-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FnQStx4llneDqjVSTb7nW%2Fuploads%2FJ7mOCJmqkz00Vrkf2RLt%2Fimage_2024-03-06_23-01-03.png?alt=media&#x26;token=244fce7e-15a0-4e50-a50f-0e8312ca9269" alt=""><figcaption></figcaption></figure>

## 1.3 Super Inscription Application Ecosystem Chain

Sats Layer is building a decentralized Inscription super application chain for the BTC ecosystem, **with mainstream SATS Inscription as the primary staking asset**, ensuring its operational security. Using a dual-gas model, SATS will serve as the primary asset for this L2.&#x20;

Simultaneously,Sats Layer will employ decentralized cross-chain components and scalable L2 underlying technology to support the BTC ecosystem’s inscription assets for EVM applications.

&#x20;Additionally, **adopting a liquidity staking protocol in the form of Lido** will bring other inscriptions into L2 infrastructure development to acquire new value returns, **creating SATS-stack for deploying side chains for any BRC20**, thus creating long-term value for Inscription ass

## 1.4 Current Status of BTC  Layer 2

<figure><img src="https://17432731-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FnQStx4llneDqjVSTb7nW%2Fuploads%2FCN6sNW7220ZLJnLfGSCq%2Fimage_2024-03-06_22-25-22.png?alt=media&#x26;token=613bbc1b-03f9-4469-a712-9bb844ae4798" alt=""><figcaption></figcaption></figure>

## 1.4 Social Media Platform

<figure><img src="https://17432731-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FnQStx4llneDqjVSTb7nW%2Fuploads%2F7E4WQupyM6ejh9ETKv76%2Fimage.png?alt=media&#x26;token=077f3f03-716c-4d55-a30f-4468a2d0ca07" alt=""><figcaption></figcaption></figure>

☎️ About us

Twitter: <https://twitter.com/sats\\_laye>
