The BRC20 governance structure is undergoing significant changes, with the announcement of a new governance model led by the Layer 1 Foundation (L1F), founded by BRC20 creator @domodata and colleagues. This new structure includes the appointment of leading BRC20 indexers as collaborators. The protocol, which has grown to over $4B+ in value within a year, is set to enter a new era with @unisat_wallet and Best in Slot appointed as co-lead maintainers. The move aims to bring unity to the BRC20 development community and ensure the protocol's sustainable growth.