/ Core Ideas /

• $NAT is the first protocol token that integrates DMT(Digital Material Theory) + non-arbitrary token issuance model + block companion, serving as the universal token in the digital world constructed by DMT.
• DMT is forging a unified, non-arbitrary digital realm. Amidst the major trend of unifying all chains (BTC), the ultimate digital world we dream of is also on the verge of initiating the era of unifying all universes.
• The Block Element Table has opened new frontiers for the discovery of BTC’s native digital assets, marking a significance akin to shifting from smart contracts (abiding by Code is Law) back to block elements (following Block as Ledger), aligning more closely with Bitcoin’s minimalist ethos.

Over the past year, the Ordinals protocol has triggered a Cambrian explosion of Bitcoin-native digital assets based on the most decentralized and strongest consensus: Ordinals inscriptions, BRC20, Bitmap, recursive inscriptions, BRC420, TAP, Atom, Runes, Taproot Asserts, etc… These developments are enriching the soil for the digital world that is descending yet beyond most people’s imagination, heralding an era of Columbus-like voyages of discovery in the digital realm.

Digital Matter Theory (DMT) Opens A New Era of Digital Matter and Digital World

DMT was proposed by some physicists, suggests that digital information can be considered as a form of digital matter, similar to physical materials like wood or metal. It predicts that the future usage of digital information may surpass that of atoms.

Just as the physical world is composed of elements, the periodic table provides a theoretical basis for discovering new elements in the physical world. Scientists use the periodic table to search for new materials (such as semiconductor materials and catalysts) within a certain range to serve the construction of the physical world.

The Real World: The Periodic Table of Elements

In the Bitcoin blockchain, the Trac team and the founder of Bitmap proposed the creation of a digital material form, also known as a block element table, by utilizing the inherent patterns present in the block data. The Bitcoin blocks and transactions are abundant, and information from various fields is permanently recorded and stored in a decentralized and secure public ledger. Thus, we can apply the principles of DMT to create a new class of digital value through a unified process utilizing the inherent attributes of non-arbitrary patterns. This will trigger a massive explosion of native digital assets in Bitcoin.

Digital World: Block Element Table (DMT digital matter is generated from Bitcoin data and derives a non-arbitrary token ecosystem)

There Are 3 Different Applications of DMT In The Bitcoin Ecosystem

• First application: Ordinals Theory \
  Ordinal Theory proposed by Casey Rodarmor gives coins value to Satoshis (Sats, the smallest unit of Bitcoin, equivalent to one hundred millionth of BTC), allowing them to be collected and traded as digital artifacts, similar to the art of forging with gold in the real world. This distribution model assigns a unique ID to each satoshi entering the ecosystem, which can be used by anyone to create digital assets to be engraved on the satoshi.
• Second application: Rare Sats
• Rare Sats (Satoshi): According to Ordinal theory, Sats that occupy a unique position on the Bitcoin blockchain are considered Rare Sats. An example is that the first Sats of each block are called rare Satoshis. This form of pattern recognition assigns value to satoshis in rare locations, much like we assign value to low inscription quantities or rare commodities.
• Third application: Bitmap Theory \
  Bitmap theory is the third known application of DMT, proposed by Bitoshi Blockamoto. It identifies each block on the Bitcoin blockchain as a digital asset. The transactions that make up the Bitcoin block divide the area into individual blocks. This mechanism achieves the first non-arbitrary element of metaverse design.

The above examples were the first digital archaeologists to discover trends and ignite patterns on the Bitcoin blockchain, making the block element a native feature and biggest narrative of the Bitcoin blockchain. DMT aims to provide a systematic approach to constructing non-arbitrary digital assets, specifically non-arbitrary tokens, from Bitcoin blockchain data. Currently, the three above are only applications of DMT, lacking the theoretical issuance methods and models for non-arbitrary tokens in DMT.

DMT is creating a unified, non-arbitrary digital world

The DMT proposed by the founder of Bitmap just summarizes and improves these new but independent digital asset issuance protocols (Ordinals, BRC20, Bitmap, BRC420, etc.) from a higher-dimensional theory and narrative. Just like chemical elements make up the real world, block elements will constitute the digital world, opening the door to a non-arbitrary digital material world based on Bitcoin and block elements. It corresponds to and generates quantum entanglement with the physical material world. DMT is creating a non-arbitrary digital world - it is not a specific project, but rather the ultimate form of a new ecosystem, a new narrative, and a blockchain-based digital civilization. Together, we are creating a true metaverse. The ultimate digital world of our dreams is about to unfold the prelude to “unifying the myriad universes.”

• Bitcoin corresponds to gold in the physical world;
• Ordinals inscribe assets on the blockchain and digitize cultural relics.;
• Bitmap establishes the size and topography of land in the digital world;
• BRC420 enables value entanglement and royalties between digital materials, unifying the standards for game assets and enabling cross-metaverse interoperability of game assets;
• BRC20 and other arbitrary tokens become consensus tokens for various consensus communities/projects/regions/ecosystems.

Now, the only thing missing is the non-arbitrary tokens, protocol tokens, and general equivalents (i.e., utility tokens) for the DMT digital material world.

Multiple applications deployed by NAT use the same non-arbitrary data root in different use cases, $NAT can be used for any application

$NAT: DMT’s First Protocol Token and Universal Token

$NAT (Non-Arbitrary Tokens) is the digital substance with the greatest value found in the block by the digital substance theory. The number is taken from the value of the BITS element in the block (BIT bit is the smallest unit of computer information, 1 Or 0 is a bit), regarding the understanding of $NAT, we analyze its value from the following four dimensions.

1. $NAT is the first DMT protocol token issued by DMT Digital Matter Theory

The proposal of DMT digital material theory has opened up a new continent for the blockchain that is equivalent to smart contracts, returning from smart contracts (following Code Is Law) to block elements (following Block as ledger), and returning to BTC The minimalism of BTC allows us to examine from a new perspective what is the native digital substance of BTC, which is unique to the ecological characteristics of BTC and can be discovered from block elements rather than arbitrarily created by contracts. $NAT is the first protocol token simultaneously issued by DMT Digital Material Theory.

1. $NAT is the first token of the non-arbitrary token issuance protocol

DMT digital material theory believes that the token issuance protocol is mainly divided into two paths: arbitrary tokens and non-arbitrary tokens. BTC, ETH, and ORDI are all representatives of arbitrary tokens, which are subjectively set by the creator. Non-arbitrary tokens are more like the mining industry, mining from the existing elements of the block, rather than the subjective setting of the creator. $NAT is the first token of the non-arbitrary token issuance protocol, which exposes the protocol standard for mining block elements.

Among the two token issuance models, NAT represents the first branch of the token issuance model, and $NAT becomes its first protocol token.

1. $NAT is the first companion token of the block companion

Just like mining gold mines in the real world, there are always many accompanying mines. When mining BTC, the digital substances generated simultaneously with the Bitcoin block can be called block companions. The first block companion is Bitmap, which is the first block companion NFT. Its issuance increases according to the block data and is also a non-arbitrary asset; $NAT is the first token of the block companion. Has the characteristics of FT. The future development of Bitmap and NAT will also produce quantum entanglement.

1. $NAT is the universal token in the DMT digital world

DMT Digital Matter Theory is ushering in the dawn of a brand new digital world, much like how gold was discovered in the real world and became a universally accepted equivalent. The digital world of digital substances also needs a token that is naturally discovered from blocks and becomes a universally accepted equivalent, representing the value of the entire DMT protocol and the DMT digital world.

$NAT is generated and increased with each block - with the value of each digital substance created from each block, each satoshi, each UXTO transaction, and each BRC20 being quantified by BITS. NAT serves as the common currency for this digital substance world, much like the US dollar in today’s real world. However, it is not issued by any authority, but rather discovered within the blocks and achieved through community consensus, similar to the consensus process of gold and silver as universally accepted equivalents.

The value of various DMT digital substances discovered in the digital world requires a measure and medium of exchange. Bitcoin, as a digital gold emphasizing value storage, is becoming less suitable for general payments, just like gold in the real world. Fiat currencies rely on gold as reserves, and when $NAT is minted, it also stores 546 satoshis. Therefore, NAT, which is generated along with BTC in blocks, can be linked to BTC, replacing Bitcoin for general payments and circulation in many scenarios.

How to value $NAT

Based on the analysis above, the evaluation can be done in three stages:

Initial Phase

1. Valuation method one: Estimate by multiplying the average casting cost of $10 by 30-100 times, which is approximately $300 - $1000;
2. Valuation method: $NAT ≈ SATS. SATS becomes the mining reward for Inscription Index, while NAT becomes the universal digital token for DMT. Both of them become core tokens in their respective fields. SATS has a total of 21 million units, with each unit currently valued at $75, making the market cap $1.5 billion. NAT, on the other hand, has only 800,000 units. When it reaches a market cap of $1 billion, it will be equivalent to $1250 per unit;
3. Valuation method three: $NAT≈10 x Bitmap. Bitmap, as a land NFT, is valued at approximately 1:10 compared to the market cap of land and platform tokens on platforms like Decentraland. Therefore, NAT’s market cap is about 10 times that of Bitmap. Currently, each Bitmap is valued at 0.005BTC, which means NAT will be worth 0.05BTC, approximately $2250.

Data source: Twitter user @OrdinalNinja

Development Phase (This Round of Bull Market)

1. Valuation Method 1: $NAT, as the first token of the DMT protocol and a concept leader, is similar to the first tokens of other protocols such as the ORDI token of the BRC20 protocol and the ETHS token of the FACET protocol. The value of these two protocol tokens is approximately $70,000 and $13,000, respectively. Currently, there is no ceiling for the first tokens of these protocols. It is expected that $NAT will have the opportunity to reach a value of around $10,000, with a market capitalization of approximately $10 billion, without any limits.
2. Valuation Method 2: In the Bitcoin ecosystem, MEME tokens account for 10% of the value of BTC, and in the Ethereum ecosystem, SHIB accounts for approximately 5% of the market capitalization of ETH. Currently, MEME tokens in the Bitcoin ecosystem are still in the development phase, while ORDI is already far ahead with a value of around $70,000 per token. $NAT also has the potential to become a leading Bitcoin MEME token, accounting for 5% of the value of Bitcoin, which would result in a market capitalization of approximately $50 billion, with an average value of each token starting at around $50,000.

Maturity Phase (next few decades)

1. Valuation Hypothesis 1: $NAT ≈ Sum of the values of all digital materials such as Ordinals, Bitmap, Recursive Inscriptions, BRC420, BRC20, etc. In the real world, there is GDP (Gross Domestic Product), and $NAT can be considered as the GDP of the DMT (Digital Material World) or the Bitcoin chain’s digital material production value.
2. Valuation Hypothesis 2: Can $NAT surpass Bitcoin? According to the World Gold Council’s estimate, approximately 209,000 tons of gold have been mined, with a value of about $13 trillion. In the real world, the global GDP in 2022 is $100 trillion. As $NAT is a quasi-dollar universal currency, whether it will surpass the value of Bitcoin depends on the future production value of the digital world. In 2022, the total amount of M2 in the United States is $21 trillion, and the M2 balance in China is $33.5 trillion. The value of currencies issued by countries around the world far exceeds the total value of mined gold (Note: This hypothesis and data listing are provided by a non-economic professional. If there are experts, they can design a “GDP statistical model and M2 calculation model” for the digital world).

Prospects for the Development of $NAT

• Establish a digital world payment system with $NAT as the settlement token. Since DMT itself is the entire digital world and the payment system is the most important financial tool in this digital world. Specifically, it is to build a trading market with $NAT as the settlement token, and various markets such as tool market, model market, skin market, cloud rendering market, and Bitmap trading market built with $NAT as the payment token. Any ecological project established around the DMT digital world can use this trading payment system, and the market builders can charge transaction fees in $NAT for their services.
• Build an ecological system with $NAT as the token and Bitmap as the land. DMT is a brand new and huge digital world that can accommodate the dreams of all encrypted digital natives. This world cannot be built by one or a few project parties, but requires community consensus and community construction, just like the ecological system built around Bitcoin now. Anyone can build a meta-universe project based on the DMT framework, based on $NAT as the token and Bitmap as the land, without permission, only community recognition, and charge $NAT as a service fee. At the same time, because of the universality of land and tokens, these ecological projects are interconnected.

What you need to know about NAT

/ Q&A /

① What is the difference between $NAT and Bitmap?

$NAT and Bitmap are the first batch of materials discovered by DMT in the digital substance, and they are two essential elements that make up the non-arbitrary digital substance world. Bitmap is the land of this non-arbitrary digital substance world, holding Bitmap is like holding the certificate of land in the digital world, similar to the real-world property certificate. It is one of the many types of digital substances in DMT and exists in the form of NFT. $NAT is the universal currency of this non-arbitrary digital substance world and is a token. If you must make a comparison, you can understand Bitmap as the land in Decentraland, and $NAT can be understood as MANA.

② What is the difference between the DMT digital world and metaverses such as Decentraland?

• Under the general trend of the unification of all chains, the ultimate universe in our dreams is about to kick off the unification of all universes.The DMT digital world is the entire digital universe, and there will be N more Decentralands and Sandboxes in this digital world.
• Decentraland and other metaverses like it are arbitrary metaverses, where the supply of land, digital assets, and MANA tokens are determined at the discretion of the project team. These digital assets do not exist within Decentraland itself and are akin to vacant land. It is similar to attracting investment in an industrial park, where various resources need to be brought in.
• The DMT digital world is non-arbitrary. The materials that make up this world come from various digital substances created in each block. All the DMT digital world has to do is to present these 3D visualizations.A more straightforward understanding is that Bitcoin is now 2D, and the DMT digital world presents the entire Bitcoin chain and Bitcoin ecosystem in 3D. Any project party content needs to be written into the Bitcoin chain first before entering the DMT digital world.

3D view of block 548829: https://symphony.iohk.io/

• Existing metaverse lands and platform tokens like Sandbox are issued by the project team, and the issuance rights are not publicly available for free minting. On the other hand, DMT digital world’s land Bitmap and token NAT are launched based on the spirit of fair launch through Free Mint. In essence, the land Bitmap and token $NAT do not belong to any project team, but any project team can build ecological projects around these two assets, empowering each other.
• Decentraland was originally born on the Bitcoin network in 2015, but due to scalability issues, it moved to Ethereum in 2017. The idea of a decentralized continent in Decentraland originated from Bitcoin and is applicable to the DMT digital world. The DMT digital world will reintroduce the concept of a decentralized continent from Decentraland back to Bitcoin.

③ Regarding the additional issuance of NAT, there are currently only more than 800,000 $NATs, and the non-arbitrary issuance is scarce and fair.

• First of all, it is clear that the additional issuance of NAT increases with the increase of blocks and decreases with the increase of difficulty. Secondly, in the past 15 years, Bitcoin blocks have only been more than 800,000, with 50,000 new blocks added every year. By 2024 The annual growth rate is about 6%, and it is decreasing year by year (for example, by 2050, the growth rate will be only 2.2%. When Bitcoin is mined out in 2114, the growth rate will drop to 0.0076%. If the destruction deflation mechanism is introduced, the growth rate will be even lower). The additional issuance of ETH is fixed at 5% per year, and DOGE also has an additional issuance of 5% per year. However, when comparing the growth rates, it is evident that the growth of NAT is more reasonable. In 2014, NAT experienced a growth rate of approximately 10%. This growth rate aligns more closely with the progression of a real-world country, transitioning from rapid growth in developing countries to slower growth in developed countries. It also conforms to the laws of economic development.
• The total amount of BITS in each block can be used as the smallest unit, similar to how there are 100 million SATS. Currently, the total number of NATs exceeds 800,000, with about 10,000 holding addresses. This equates to over 80 NATs per person, making it quite scarce. NATs increase with each block, ensuring that subsequent participants also have the opportunity to mint them for free. Additionally, miners can participate in mining NATs. In the early stages, NATs served as a companion mine for Bitcoin blocks. After Bitcoin is mined, $NAT can transition from being a companion mine to a main mine, becoming the main asset mined by miners.

④ Why can’t $SATS or $BPM become the universal currency in the digital world?

• SATS is currently widely recognized by the community. For example, Unisat Wallet uses it as a reward for inscription transaction fees and inscription index mining. However, SATS has already been minted and cannot be issued additionally based on the value growth in the digital world in the future, so its growth is limited.
• The current total amount of $BMP is 1 billion, and it only supports claims for block numbers before 817500. It also stipulates that the last claim date is December 31, 2023. Subsequent users who participate in the DMT digital material world can only purchase it in the secondary market. BMP is only issued based on whether BITMAP is held. For the DMT digital material world, BITMAP is only one of the assets. At the same time, it cannot be issued additionally based on the future value growth of the digital world, and its growth is also limited.

/ Extended information/

• DMT White Paper：https://digital-matter-theory.gitbook.io/digital-matter-theory/introduction/digital-matter-theory
• NAT holds data analysis：https://geniidata.com/user/ethan/tapdollarnatholder
• NAT trading website：
  • https://mscribe.io/ : The first market specially created for NAT. In the future, many DMT digital materials will be released here first.
  • https://ordinalswallet.com/

Solemnly declare:This article only represents a personal position. Some of the views are based on the analysis of community opinion leaders and do not constitute investment advice. DYOR!

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