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The Block Runner is your final source for cryptocurrency technology, explanations and news.

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February 7, 2025

Summary

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.

226

Summary

We discuss more updates to the NATRIX and break down core concepts that we believe in that will make the metaverse more impactful as a market sector in crypto. As we build up to our Land Distribution Event more people are asking us how will our technology stack in BitmapOS enable a better outcome than what we have seen already in previous metaverse attempts. This is a good questions as it allows us to focus on our own internal direction.

From the very beginning we have always believed the focus is always on the developer. This means not only supplying devs with the proper guidance and frameworks to build out metaverse apps more efficiently, but also ensure there are ample pathways toward monetization in order to sustain development. METAs (Metaverse Enabled Tokenized Apps) are different than a typical digital asset, they require regular maintenance and potential upgrade to remain compatible with the underlying OS stack. This introduces new layers of complexity and economic consideration in order to ensure the content being proliferated throughout the metaverse has the right foundations.

We then discuss the important opportunities that will present themself once The Natrix ecosystem matures such as the ability for land owners to generate passive income through the shared hosting of METAs. How this is done we explain through in-metaverse payment split technology and the abilities to delegate and receive delegation of assets in order to build out engaging experiences that retain user interest.

We discuss the above considerations and so much more in this podcast as well as unveil more mechanics around the built in avatar system for The Natrix. Keep your eyes open for a little teaser of a cute like Block Runner cameo in the metaverse itself ;)

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225

Summary

The Bitmap experiment has been ongoing for more than a year, introducing a community focused on delivering metaverse primitives that help Bitmap owners build out their virtual environments. We ask in this hour long podcast, what will it take to get the state of the metaverse anywhere near capable of supporting a digital economy at the scale of multi-trillions of dollars worth of virtual value. We’ve been asking ourselves this very question for years and go over some of our thoughts and share history from our origins of metaverse development.
We then introduce our virtual environment (NATRIX) in NatCat 3D avatar form, which is utilizing the technology framework of BitmapOS that we have developed. With the NATRIX we intend to distribute the first FULL land distribution event (LDE) by utilizing a new feature to Mscribe that will enable Bitmap owners to fully distribute their parcels to individuals who want to purchase them through parent-child inscriptions. The experience will be similar to the NAT blockpad but repurposed for Bitmaps. Our goal is to have this method of parceling and community onboarding onto a Bitmap become a re-occurring activity within the metaverse economy, similar to token launches (TGEs) in the broader crypto space.

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224

Summary

Superfan is building a next generation suite of tools that enables creators to use generative AI in their UNAT scripts. This will be showcased by the upcoming HIRO’s launch on Mscribe August 15th. HIRO’s is a collection of 4,032 dynamic characters that are responsive to non-arbitrary data patterns that occur on Bitcoin. The HIRO asset itself is an impressive demonstration of the high fidelity output behind the technology stack being utilized to generate them. We speak with Superfan to understand better the technology and the practical use cases moving forward as he will open source. Also, his thoughts on community building by utilizing AI and the super power ability it can introduce in metaverse construction.

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223

Summary

The Bitcoin DeFi ecosystem is in its infancy stage as the technical infrastructure for DeFi functionality are only being discovered and brought to market. However, the potential value this industry can bring to the Bitcoin and broader web3 ecosystem is tremendous. We speak with the Founder and CEO of Hermetica who is building a stablecoin primitive on Bitcoin using the value of Bitcoin itself in the stability mechanism. This is a dream in the eyes of Bitcoin believers since it marks a separation away from the dependencies of the fiat system to introduce stability for synthetic versions of the dollar. Also, a stablecoin native to the Bitccoin ecosystem will introduce tremendous support for Bitcoin DeFi and act as a catalyst for an ecosystem of development to build on top of this foundational pillar. How Hermetica achieves stability through Bitcoin is discussed with the introduction of their perpetuals futures balancing mechanism that ensures no matter what side Bitcoin trades value wise, the pegged USDh will always remain valued at a dollar.

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222

Summary

We interview one of the pioneer builders in the Bitmap ecosystem FOXXI, who is working on developing the Foxiverse. Within the Foxiverse, users will be able to participate in a wide variety of activities ranging from social, gaming, clan building, and even resource commodity excavation. Foxiverse is poised to introduce many new vectors of interesting market exploits to the broader Ordinals ecosystem, which have the potential to demonstrate the overall value premise metaverse has to offer. It has been over a year since the initial launch of the Bitmap experiment, and since then not much has been developed resembling a high value producing 3D environment. We discuss with the Foxxi team how they intend to deliver on these very high expectations and how they plan to incorporate DMT UNATs into their ecosystem design. Soon they will be launching a Bit Miner which operates in their world so users who own of the UNATs can have the ability to mine non-arbitrary resources and commodities throughout the Foxiverse. With the Ordinals market in such a downturn, is this level of metaverse experimentation exactly what the market needs in order discover the next spark of interst? Can Bitmap, DMT, NATs, and the metaverse on Bitcoin be the next paradigm for builders and web3 journeyman?

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