Frog on Bitcoin? Melrose PR joins the "Rare Pepe" club!
Hello everyone! I'm John, your blockchain bro. Today, I'll explain some difficult news in an easy-to-understand way, as always. This time, I'm going to tell you about a company that has joined an interesting club by using a special "frog picture" on Bitcoin (the famous digital money). It's kind of exciting!
What kind of company is Melrose PR?
First, let me talk about one of the main characters of this article, a company called Melrose PR.
Melrose PR describes itself as an “on-chain communications agency.”
There are some difficult words here!
- Onchain：This means that it will be recorded on the blockchain. The blockchain is like a digital record book that is managed by everyone and cannot be tampered with. This refers to activities that are directly related to it.
- Communications Agency：This is the Japanese word for "public relations agency." It's a company that helps effectively communicate information about companies and services to the public.
In other words, Melrose PR is a group of public relations professionals who specialize in blockchain technology (a new digital system).
What is the Decentralized Gentlemen's Club (DGC)?
Next up is the other main character, the Decentralized Gentlemen's Club (DGC for short).
Again, it's full of katakana, but let's break it down!
- Decentralized：This means "decentralized." It is not managed by a single person, but by many computers and people. The key point is that it is not centralized.
- Gentlemen's Club: Well, this gives the impression of a "gathering of gentlemen," but in this case it refers to a community or collection of digital art and items.
DGC aims to be the largest collection on the Bitcoin blockchain, at 3 gigabytes (GB) when complete. That's about the size of a high definition movie! It's amazing that all of that will be stored on Bitcoin. This is twice the size of the next largest collection.
What is "Rare Pepe Inscription"? Are they magic words?
Now, the most interesting (and a little strange?) word in this news is "Rare Pepe Inscription."
Melrose PR joined the DGC family by "minting" this "Rare Pepe Inscription."
Let's take a look at them one by one!
- Pepe: This is the name of a frog character that has been famous on the Internet for a long time. Its slightly silly face is very cute.
- Rare: Literally means "rare" or "unusual." So it means "a rare picture of Pepe."
- Inscription: This is the key point! Inscription means "carving" or "inscription," but in the world of Bitcoin, it refers to the technology of directly recording digital data such as images and text on the smallest unit of Bitcoin (called Satoshi). It's like carving pictures or letters into a digital stone slab. Due to the nature of the blockchain, once data is inscribed, it is extremely difficult to tamper with or erase it.
- Minting: This means "to cast" and is a word often used when making coins. In the digital world, creating a new NFT (Non-Fungible Token, a digital item that is one of a kind) or an inscription like this one and registering it on the blockchain is called "minting."
In other words, Melrose PR isA rare image of the popular internet frog character Pepe has been inscribed directly onto the Bitcoin blockchain and minted as a new digital item." And by owning that item, you become a member of the DGC!
Why is this news?
You might be thinking, "Hmm, is a picture of a frog on Bitcoin really that amazing?"
But there are some interesting points to this.
- New ways to use Bitcoin：Up until now, Bitcoin has had a strong image of being "digital money". However, thanks to this technology called inscription, it has become possible to record things like artworks and collector's items on the Bitcoin blockchain. This shows that the possibilities of Bitcoin are expanding.
- New trends that companies are paying attention toThe fact that blockchain-specialized companies like Melrose PR are actively participating in this new movement is proof that these "inscriptions" and "digital collectibles" are not just fun and games, but are garnering attention as a new form of business and communication.
- Proof of participation in the community: In a club like DGC, having a certain digital item (in this case a rare Pepe inscription) serves as proof of membership. It could be said to be a new form of membership card or proof of participation.
In this way, this news is just one example of how Bitcoin technology is evolving and starting to be used for many more interesting things than just money.
John's comment
Wow, the world of Bitcoin is evolving rapidly! In the past, it was called "virtual currency" and may have had a somewhat suspicious image, but now art is recorded like this and a large community is being born. I thought it was interesting that the frog "Pepe" has become a "rare" existence on Bitcoin, and the culture of the Internet and the latest technology are merging. I'm looking forward to seeing what new uses will be born in the future!
This article is based on the following original articles and is summarized from the author's perspective:
Leading OnChain Comms Agency Melrose PR Joins Decentralized
Gentleman's Club with Rare Pepe Inscription on Bitcoin