NatCats: Unique Art on the Bitcoin Blockchain

“Non-fungible Arbitrary Tokens” in short NatCats. You must be thinking of the same old NFTs. Well, they’re not! And we'll see why. In this brief article about NatCats we'll go through what they are and how they come into existence!

NatCats operate on Bitcoin and unlike traditional NFTs which are not unique, NatCats are unique. They leverage non-arbitrary data on the Bitcoin blockchain to create unique art pieces.

Now what is non-arbitrary data?

The data on the blockchain that has a specific meaning and structure. It’s not random, but rather the data that contributes directly to the creation of unique artworks represented by NFTs.

NatCats fall under the umbrella of Unique Non-Arbitrary Tokens (UNATs). NatCtas are considered the first movers within the UNAT framework.

So, how are they created?

Patterns. That’s a one-word answer. NatCats are created by finding a specific pattern in the Bitcoin blockchain and then claiming that pattern as your own. Once claimed, you can mint an NFT that represents that pattern.

But a similar pattern can be found by anyone. Where’s the uniqueness?

Exactly, the rarity or uniqueness of a NatCat is determined by the complexity of the pattern it represents. More complex patterns are considered rarer.

Alright, let’s talk WHY NatCat?

The use of non-arbitrary data could lead to a more objective way to assess their value compared to traditional NFTs. Providing a clearer valuation metric as opposed to subjective assessment based on artistic style.

Let’s recap

NatCats are unique NFTs operating on Bitcoin, leveraging non-arbitrary data for creation. Created by identifying specific patterns on Bitcoin blockchain, their rarity is determined by pattern complexity.