We break down the state of the Meme economy and make comparisons to what we saw in the 2021 bull cycle. Memes on Solana have strong parallels to the NFT market on Ethereum from last cycle, especially when you compare revenue figures of the top marketplaces like pump.fun to Opensea. We give our thoughts on where we are on the timeline of meme mania and speak about the impacts memes are having on the broader crypto market. This includes methods of launching new projects by leveraging memes as a more user friendly go to market vehicle to onboard community and then adding complexity layers down the road to not off-put sentiment.
Also, when it comes to marketing narratives memes seem to be dominating the mind share so we discuss how we are approaching $NAT from a marketing perspective. Now that $NAT is weeks away from officially becoming Bitcoin’s second subsidy reward coin, how we classify this new coin is important for public perception. Some do not see $NAT as a candidate to fit within the existing market demographic of memes and rather see a new narrative formed around the coin that distinguishes it from the meme asset class due to its technical provenance to DMT and the broader mission of supplying Bitcoin miners with additional subsidy to sustain network security. We discuss our thoughts on this and also the liquidity dilemma when it comes to supporting Bitcoin assets. All sectors of the Bitcoin ecosystem are facing this problem and are actively working toward building solutions that can either bring more liquidity to Bitcoin from other chains or port Bitcoin native assets to other chains like Solana to benefit from those capital markets.
In this episode of TBR 1 hr Podcasts, hosts Iman and Will are joined by guest Danny Yang to delve into the world of Bitcoin and cryptocurrency. They discuss recent developments in the Ordinals ecosystem, including the increasing fees and potential issues with Bitcoin. Danny shares his background in Bitcoin and cryptocurrency ventures, highlighting his current company, Metagood. The conversation also touches on crypto art, the background in cryptography when getting into Bitcoin, early use cases, and the transition of crypto punks to on-chain art. The discussion further delves into the Ordinals protocol and its capabilities for securing digital assets on the Bitcoin blockchain. They touch on the importance of fees in supporting the security of Bitcoin and the push towards Layer 2 solutions. The conversation also goes into how On Chain Monkeys, Metagood’s flagship PFP project, plans to convert all of their Ethereum NFTs into Bitcoin Ordinals.
Msquared is building critical technology to enable developers to build rich and robust metaverse experiences. Over the last several months they have showcased this tech in a variety of multiplayer demonstrations. This Halloween they created a maze experience where tens of thousands of players were competing to complete the challenge simultaneously, demonstrating the capabilities of their massive multiplayer technology. We participated and recorded our experience while discussing the applicability of this tech to the Bitmap ecosystem. Also, our review of the overall experience and thoughts on how it could be improved and reimagined to create an engaging experience for the non-gamer population of the world who seek to onboard onto the metaverse.
In this episode of the TBR 1 hr Podcast, we dive into the world of crypto and art with special guest Bit God. Bit God shares his journey in the crypto space, from reselling sneakers to working at centralized and decentralized exchanges. We explore Bit God's transition to focusing on NFT marketplaces, including the discovery of Ordinals and the creation of a Twitter account for NFT collecting. We also discuss the exciting new release from Quadrillion called Perpetuals, a curated collection of established artists making their debut on Bitcoin. The artists' identities are revealed after the minting process to focus on the art itself. We explore the challenges of onboarding artists to Bitcoin, the importance of digital artifacts, and the potential of the metaverse for community building. The conversation delves into the complexities of token standards, the emergence of Pipe as a hybrid approach combining BRC 20 and Runes, and the need for consensus and direction in the community. We also touch on the potential use of pattern recognition in creating fungible or non-fungible tokens and the importance of developing proper infrastructure to support liquidity.
In this episode of TBR 1 hr Podcasts, hosts Iman and Will delve into the fascinating world of the metaverse and its potential impact on our lives. They discuss the merging of virtual and physical realities, sharing personal experiences and insightful observations. From the allure of virtual environments to the emergence of new technologies and innovations, Iman and Will explore the possibilities of the metaverse. Join them as they navigate this immersive journey, uncovering the potential for connection and self-discovery in the metaverse.
In this episode of the TBR 1 hr Podcasts, join us for an insightful discussion on Atomicals, the new mining craze that is revolutionizing the Bitcoin chain. We dive into the benefits of mineable tokens, the customization of transaction IDs, and the potential for developers to create exciting web3 products using Atomicals. Our guest, a seasoned blockchain expert, shares his vision for the future of token protocols and the significance of Atomicals in the evolution of digital identity systems. Atomicals has the potential to usher in a new era of efficiency improvements and programmable solutions for developers to build robust ecosystems on top of Bitcoin. Unlike many other projects promising to deliver on these same value adds, Atomicals has a working protocol that can be leveraged today.