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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.

176

Summary

In this episode of TBR 1 hr Podcasts, hosts Iman and Will are joined by guest Adev as they delve into the fascinating world of BRC 20 tokens and the emergence of new projects in the blockchain space. They explore the significance of the ORC 20 token standard and the release of the ORC 20 indexer, which has gained significant traction. The speakers emphasize the importance of multiple indexers for increased efficiency and risk management. They draw parallels to the evolution of Bitcoin and the necessity for the space to become more advanced before decentralization can occur. They also introduce the concept of creating projects based on patterns found on Bitcoin's blockchain and the need for data indexers to track such patterns. Throughout the conversation, the speakers advocate for an open and decentralized future for indexers and highlight the trajectory of their own company in data democratization and blockchain technology. The discussion serves as a thought-provoking exploration of the evolving landscape of indexers, token standards, and the potential of data democratization through blockchain technology.

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175

Summary

In this episode of the TBR Podcast, hosts Iman and Will delve into the topic of indexing which has become a consistent concern within the Ordinals space due to matters of centralization. A coalition of major ecosystem actors have banded together to form the first attempt at creating a decentralized indexing process. Also, they explore the concept of the metaverse, its potential to revolutionize digital existence, and the importance of infrastructure in its development. The hosts shed light on the challenges faced in creating a metaverse and the role of open-source tools and standards. They also discuss the historical pattern of analog to digital transformations and how it can be applied to the virtual space. Join Iman and Will as they navigate through these thought-provoking topics and provide insights on where the most entertainment and value may be found in the metaverse.

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174

Summary

In this episode of The Block Runner Podcast, join hosts Iman and Will as they delve into the fascinating world of Digital Matter Theory (DMT) and its application in the metaverse. They explore the concept of bitmap assets, non-fungible digital artifacts derived from bitcoin's block data, and their potential to create unique districts and parcels within the metaverse. The hosts discuss the need for a framework to determine ownership of patterns within the bitmap ecosystem and how recursive inscriptions can play a crucial role in recognizing and utilizing these patterns. Join them as they navigate through the intricacies of DMT and its implications for the future of digital assets. Don't miss out on this thought-provoking episode of #TBR 1 hr Podcasts!

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173

Summary

We interview the CEO of Xverse, Bitcoin’s #1 wallet provider who recently secured a 5 million dollar seed round of funding to expand and scale their services. Xverse has been deeply involved in the Bitcoin development space, originally being a team member of Stacks which is the leading layer 2 solution to Bitcoin. For many years, Stacks was regarded as the only viable solution to building applications like products on Bitcoin, which led Xverse to build a wallet that would improve the user experience overall for users of that network. Now with the introduction of Ordinals this year, Xverse took the chance to support the ecosystem in its early days and is now the #1 provider for Ordinal asset holders. We discuss what the future of building on Bitcoin looks like and how critical infrastructure needs to be built in order to compete with Ethereum and its smart contract development ecosystem.

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172

Summary

We interviewed one of the founders of the FOXXI team which is one of the leading contributors in building utility for the bitmap ecosystem. After the blockout of Bitmap districts, the major question has been who will step up to build and provide the necessary infrastructure to expand the ecosystem in order for Bitmap to become a major force in the metaverse. FOXXI is working on exactly this by focusing on the social side by creating a platform allowing Ordinal owners to form relationships and also by creating a bitverse where community members will be able to deploy their own virtual environment to connect and explore. This is one of the first attempts at building a 3D immersive layer on top of Bitmap that will grant new utility to all Bitmap owners. We discuss also a built in mechanism that will allow Bitmap owners who deploy their Virtual Environments to extract “bits” which will serve as a mechanism to reward BRC20 tokens down the line, introducing an even greater utility proposition.

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