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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.

166

Summary

We discuss with the founder of Ordswap.io, Jack Liu the origins of builder culture on Bitcoin. Through his extensive experience, he has identified what makes Ordinals the lightning in a bottle moment for the Bitcoin ecosystem. Now with so many interested parties dedicated to creating value for Bitcoin through Ordinals, the momentum will drive it to become a full-fledged developer platform. Also, why does he find Bitmap one of the more exciting innovations from the Ordinals movement? From his perspective, Bitmap satisfies all 3 of his criteria when determining if an idea has the potential to take over a market or not. Also, for the first time a guest turned the interview back onto us and asked us several questions about our experience and opinions on how this metaverse space on Bitcoin will develop, a first for us 😅

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165

Summary

We discuss how our new platform launch went and how the market is reacting to Blockamoto’s parcel inscription standard. Why are so many fearful and reluctant of enabling parcel inscriptions this early? Also, we break down how important the standard of bitmap is to maintaining a consensus among developers who are building within the ecosystem. In order for new technical layers to be built on top of the ID system that bitmap represents, we need project founders to follow the mechanisms of land distribution in accordance with the standard. Will the xSpectre project who is distributing land in their VE outside of the parcel standard effect the outcome of their ecosystem negatively in the long run?

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164

Summary

The crypto bull market is showing signs of progress after ripple case and with all the interesting innovations emerging especially from the Bitcoin ecosystem. Yat Siu, founder of Animoca Brands is paying attention to Ordinals and claiming it is the next sector to show cultural growth. This is important because Yat was a huge force in the NFT movement and legitimized a lot about those projects. We then talk about what the components of the metaverse are and talk about how important the operating systems will be to the growth and maturation of bitmap ecosystem. Without operating systems, developers cannot introduce the functions needed for engaging content and experiences to be deployed.

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163

Summary

We speak with Dirk and Bob Way from Xspectar to go over how the metaverse will have a similar buildout to the internet we have today. We identify parallels of what is needed to construct the 3D internet and what value is added through experiences in the metaverse. We also discuss the metaverse on bitcoin. Bitmap is the recognition of organic data on Bitcoin's blockchain and reimagines that data into districts of the metaverse made up of transactions now recognized as parcels of that district.

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162

Summary

In today's interview with IMSO Chris we get an understanding on his background building for different virtual environments. With the advent of Bitmap and the BlockOut now with 800,000 districts in the hands of 17,000 people, Chris sets his sights on the growing bitmap community. We discuss what Bitmap means for the metaverse and why now is the first time we have an alignment amongst builders and landowners in a way that is built on systematic processes. We chat in depth with Chris on what he's building and how you can get involved.

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