About BitIts
BitIts can be understood as a game in which something is created through a creative mental process. Central to this are the so-called “BIts” (short for BitIts), which describe a property of an object or thing (e.g. “It is yellow”). The full creative potential of BIts is realized when they are interconnected in a sequence (e.g., “It is round, yellow, and hollow”), narrowing down the space of possibilities until only one entity remains.
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The value of a BIts results from the frequency of mention in so-called proposals (linking Bits with an It). However, the validity of proposals hinges on a jury’s decision regarding their coherence. Only when a proposal is unanimously approved by the jury are the BIts considered valid and assigned their value. The BIts’ value can be augmented by incorporating them into new proposals.
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The system is managed by a smart contract and the proposals created are stored as NFTs on the Polygon blockchain.