The Rune token protocol deployed a few days ago at the Bitcoin halving block (840,000). Since then we witnessed an insane increase in Bitcoin fee’s but this level of excitement and market activity was short lived and only last for a few hours up until a majority of the first 10 Rune deployments were minted. Already the market is displaying signs of exhaustion and disappointment in what Runes ultimately delivers for the Bitcoin metaprotocol space. We discuss our thoughts and experience based on the events that unfolded over the weekend.
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0:00 Sats peak after etching, mania starts
5:40 Founders disappointed with high fees, lackluster platform
6:22 Multiple platform providers hyped up runes protocol
9:46 Caution advised with high-reward crypto investments
15:37 Not everyone should have been, but Unicent's trusted
16:55 Developers seek profit in trading meme products
21:59 Potential for Rune token to dominate market
23:32 In context, protocol and timing are important
27:36 Miners consider sustainability benefits of bitcoin mining
29:09 Uncertain about future, waiting for developers' innovation
#blockrunner #runes
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https://www.youtube.com/watch?v=c3A2VBABVjc
A podcast hosted by Will and Iman covering the Metaverse, Crypto, and Beyond.
From episode: We Rug Pull All of Crypto ? (NOT A BITMAP VIDEO) | TBR #200
YouTube Link:https://youtu.be/jtxJajMQosU?si=pysylG6qNnfjadp3
#TheBlockRunnerPodcast #Bitmap #builders #dmt #metaverse #digitaleconomics
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There is a new major development to the Bitcoin ecosystem that now introduces a way for NFTs to exist on their blockchain. It is called the Ordinal Protocol, which is a numbering system that assigns individual satoshi units with a unique integer. With these integers, anything can now be associated to them in a process called “inscription”, similar to how NFTs represent ownership of a digital asset. Already there are big NFT projects emerging that are leveraging this new foundational protocol to mint cryptopunk variations. However, the ecosystem is so in its infancy, no third party applications have been developed to facilitate trading between inscriptions so its mostly done over the counter, which poses a high risk. Will this ordinal system change the game for Bitcoin forever, making it a viable competitor to Ethereum?
Links In Video:
1. https://twitter.com/bubits_/status/1623455119051472897
2. https://docs.ordinals.com/overview.html
3. https://ordinalswallet.com/
4. https://rodarmor.com/blog/ordinal-theory/
5. https://twitter.com/BitcoinShrooms
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A podcast hosted by Will and Iman covering the Metaverse, Crypto, and Beyond.
From episode 148: Justin Banon Interview: Boson Protocol - Commerce Layer for the Metaverse
Full Video? https://youtu.be/Oksj2vdZCeU
#podcast #TheBlockRunner #Metaverse #Crypto #Ethereum #fyp #JustinBanon #BosonProtocol #OpenSea #Amazon
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In episode 126 of The Block Runner, podcast guest Publious talks about how there is an ability to create money in the market.
Link to short clip ?: https://youtu.be/8GTXUJV6mLs
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BRC20 market has lost a lot of volume over the last few weeks and seems to be finding a bottom support level around 300M, after its sudden rise to a billion. Now the question is, what will drive this market to reach its previous all-time highs and surpass it? We always believed it would only happen once more infrastructure projects were to emerge and new value mechanisms like DeFi, GameFi, Metaverse, etc. are built on top of the token protocol. We review a report written by SMB Ordinals, who is a VC group looking to find the most valuable projects in the BRC20 ecosystem in order to make good investments. After reading their report we find that their thesis aligns with what we’ve been saying for the last few months and agree with their comparisons to how BRC20 market is evolving almost exactly how early DeFi did. Considering DeFi hit an all time high of 180B market, this give BRC20 a projection of 600x upside potential over the next few years!
Links in Video
1. https://medium.com/@SMB_vc/the-growth-of-brc-20-and-defi-710b855f500f
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0:00 - BRC20 market's explosive growth
5:00 - Slow grind, mega spike predicted
10:00 - Infrastructure key for BRC20 growth
15:00 - Supporting developers vital for BRC20
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https://www.youtube.com/watch?v=_BPeqtghKMg
We’ve been involved in the BRC20 space since the market cap was under $30M, and we regularly cover emerging projects that have promising value. But to get started in the BRC20 market, there are some critical tools that need to be used to ensure you are staying safe and have the necessary information needed to make good decisions. We go through several of the top tools and platforms that we have been using to make those 100x gains from Ordi, Oshi, meme, and others. This market will continually evolve and new tools will emerge that will improve the user experience. For now, these are the best tools we’ve seen available in today's market to do important things like monitor the price action of the market, buy and sell BRC20s, hold BRC20s in a web wallet, track the value of your BRC20s, and more.
Links in Video
1. https://ordspace.org/brc20
2. https://unisat.io/download
3. https://ordinalswallet.com/
4. https://unisat.io/market
5. https://twitter.com/DegenerateNews/status/1655600053904625664
6. https://dune.com/domo/ordinals-marketplaces
7. https://ordiscan.com/
8. https://coaxprotocol.io/#/market
9. https://unisat.io/market?tick=coax&tab=1
10. https://unisat.io/market?tick=coax&tab=1
11. https://brc-20.io/
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0:00 - Tools for VRC20 tokens explained
5:00 - Discussion on market trends and strategies
10:00 - Developing BRC20 swap tool
15:00 - Newly released token Coax
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Quick live stream to go over the Rovi.ai project.
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