The Bitcoin network BRC-20 standard will be jointly maintained by UniSat and Best in Slot

Domo, the anonymous creator of the Bitcoin network's BRC-20 standard, announced that its non-profit organization, the Layer 1 Foundation (L1F), will collaborate with Bitcoin infrastructure companies UniSat and Best in Slot to jointly serve as the "primary maintainers" of BRC-20. The BRC-20 token standard operates on the Ordinals protocol, which allows for the trading of digital assets other than BTC on the Bitcoin network. Ordinals tracks, loads data, and transfers assets by writing "inscriptions" on small denominations of BTC (called satoshis). Although UniSat and Domo had a conflict over the "Jubilee" upgrade of the Ordinals protocol earlier this year, Domo still recognizes UniSat's role in decentralizing the BRC-20 ecosystem. UniSat is the first market to list BRC-20 tokens, and token ownership was previously tracked and traded over the counter through Google Sheets spreadsheets. UniSat also collaborated with Best in Slot to develop a decentralized BRC-20 index product.