mar 3, 2024 - OLGA Stamps

Description:

OLGA Stamps is short-term contest started by JP Janssen using his new STAMP encoding system ('Octet Linked Graphics & Artifacts') that was detailed in Counterparty Improvement Proposal 33.

This proposal, titled 'File Storage in P2WSH Outputs', was not named 'OLGA Stamps' until about 2 months after the CIP and minter tool was published by JPJA. Since this process involved a cheaper and more efficient way to create Counterparty Stamps, the Stamps community including MikeInSpace, gave it that name later commemorating JPJA's past minting of the OLGA NFT token in 2014.

After this uptick in interest and popularity for CIP 33, JPJA announced this OLGA Stamps competition to invite artists to try this new process out. The rules involved minting in this new manner between Bitcoin block 833,000 and 834,000, minting a token supply between 1-1000, and including a design directly inspired by the original OLGA artwork.

What is very interesting about this process is that JPJA included a custom tool to mint these tokens manually using the Electrum wallet (an older and very technical Bitcoin wallet). JPJA also offered a reward (PEPOLGA) for first place and the Dogeparty mint of OLGA for 'all high-effort contributions'.

His original twitter thread is a great place to view all the submissions for this contest.

Issuer: JP Janssen

Added to timeline:

Date:

Images: