Technical Analysis of Dynamic NFT Creation on Bitcoin using LAOS Network and Universal Location

[asiniscalchi]

As a blockchain developer, I want to understand if LAOS could be used to bring dynamic NFTs on the Bitcoin blockchain. In particular explore the feasibility of using Universal Location for bridging Bitcoin with the LAOS network, using Bitcoin's Ordinals and inscription technology to ensure uniqueness and ownership.

Acceptance Criteria:

The output of the following points is written in an issue in this repository, being very brief, and without any effort on making it beautiful:

• Identify the technical requirements for using Ordinals and inscription technology on the Bitcoin blockchain to mint dynamic NFTs.
• Outline the steps and protocols for storing metadata on the LAOS network and linking it to the Bitcoin blockchain through Universal Location.
• Analyze potential challenges in implementing dynamic NFTs on Bitcoin, considering the limitations and current infrastructure of the Bitcoin blockchain.
• Propose solutions or workarounds to address these challenges, ensuring the robustness and reliability of dynamic NFTs.
• Develop a conceptual model that would demonstrate the creation, storage, and linkage of dynamic NFTs across Bitcoin and the LAOS network

[asiniscalchi]

It's possible to use bitcoin network as ownership chain

https://docs.ordinals.com/introduction.html

explorer: https://ordinals.com/ market: https://openordex.org/