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After the Atomicals Hong Kong gathering, AVM surged by 90%.

After the Atomicals Hong Kong gathering, AVM surged by 90%.

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律动BlockBeats律动BlockBeats2024/04/08 08:14
By:律动BlockBeats

It seems that the Atomicals protocol has returned to its state from a few months ago.


As of the time of writing, according to Atomicals Market data, the floor price of ARC-20 token leader ATOM has broken through 2.2, with a 24-hour increase of 38.17%; the floor price of ARC-20 token AVM has broken through $0.27, with a 24-hour increase of 90.91%.



A week ago, when BlockBeats wrote "Dramatic Changes in Chip Structure, What Happened to the Atomicals Protocol After Months of Decline?", it was observed that there were significant changes in the liquidity of ATOM tokens among the major chip holders. Among the top 100 holders of ATOM, only 6 addresses remain with ATOM obtained through "minting". After a long period of frequent trading turnover, most holders are feeling very low.


On one hand, the leading ATOM has been under a cloud, with prices continuing to decline, down 62% in the past 4 months. On the other hand, before the split, the liquidity of ATOM was like expensive NFTs or real-world mansions, which most people could not afford. The development progress of "splitting" and "AVM" has been criticized by the community as "working in isolation", and protocol author Arthur has always "remained mysterious".


However, over the past week, it seems that the protocol author Arthur is more willing to communicate with everyone, with frequent Twitter posts and interactions.


At the same time, with the countdown to Bitcoin's halving in April, the overall Bitcoin ecosystem has once again regained market attention and liquidity. From Bitcoin NFTs to the runic ecosystem and the Runes protocol, the trading volume and prices of various assets on Bitcoin have seen significant growth, with several top assets of the Atomicals protocol performing well. The community atmosphere has also improved, seemingly returning to the enthusiastic state of a few months ago.


Hong Kong Gathering


The warming of the community atmosphere may be partly attributed to the Hong Kong Atomicals meetup organized by Wizz Wallet and Atomicals Market.



According to feedback from foreign community participants, the atmosphere at the event was very positive: "Unlike other events I have attended, not only are the builders passionate about the technology, but the holders also have high hopes for Atomical's technology, especially the upcoming AVM."


"It is rare to see holders so knowledgeable about technology, but at the Atomicals meetup, they were discussing details like professionals. Seeing this level of enthusiasm and knowledge in the community is truly impressive and surprising."


In addition, during the event's AMA, protocol author Arthur made an exclusive remote presentation, providing more specific arrangements for the progress of the highly anticipated AVM in addition to explaining Atomicals' BTC L1+ and Turing-complete smart contracts: "The public beta version of AVM will be released on the Testnet in the first week of May."


According to Wizz Wallet, at the Bitcoin sub-venue of this event, Arthur also gave a remote speech. The Atomicals Protocol official also stated on its social platforms that details of the AVM smart contract system will be gradually released in the coming weeks.



"Institutional Investments Will Impact Our Long-Term Vision"


Meanwhile, a recent significant event for the Atomicals protocol was the acceptance of voluntary donations from the community.


As an experimental protocol with a high degree of "halal" in the Bitcoin ecosystem, the Atomicals protocol officials stated that they will never launch fundraising tokens, nor will they introduce any type of securities, nor will they accept investments from VC institutions, in order to maintain the purity of the protocol.



Regarding why they do not accept investments from VC institutions, the officials provided a more specific explanation in the comments: "Investors may receive funds and returns more quickly, but the long-term vision will be affected. It's not always the case, but often it is."


As a return for the voluntary donations, the copyright of the Atomicals virtual machine AVM core interpreter is transferred to all donors. Names or brief information can be attached to the open-source license of the AVM interpreter and preserved permanently.



As of the time of writing, the latest statistics show that the donation amount has reached 3.3274 BTC, with 5335 addresses making donations.


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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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