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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.

161

Summary

We spend some time in Msquared testing metaverse environment called The Construct to see for ourselves what the developers are testing out in there with MML. While we were inside that virtual world we got to witness a developer building and deploying his creations in real-time and configuring its size right in front of us. We then discuss the continued progress of the Bitmap ecosystem and predict what has to be developed next in order for the movement not to become another passing fad within the web3 space. We also discuss our next project that will contribute to fulfill some of the market needs within the Bitmap ecosystem. This new platform will be called Mscribed, the first Bitmap-focused Ordinal inscription platform designed for metaverse users on Bitcoin.

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160

Summary

We talk about the pitfalls of internet culture on society and how it distracts from finding true value. Information is much less reliable and trustworthy than it used to be and its becoming more difficult to process it through platforms like Twitter. What are the solutions to this dilemma and how is it impacting the human psyche? Also, SEC is continuing its aggression toward blockchain and cryptocurrencies, which is resulting in a mass exodus out of the U.S. Many giant organizations like a16z, Coinbase, Kraken, and others have already announced their plans to establish themselves abroad in reaction to these policies. What will this do to America’s status as a hub for innovation? Also, we dive deeper into Bitmap, the newest Ordinal standard being proposed to act as a foundation layer to the metaverse. This is a big deal because never has there been a standard for the metaverse and for it to all exist on the most secure and highest value blockchain in the universe, is a tremendous narrative.

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159

Summary

We discuss the metaverse progress and newfound interest after Apple unveils their new headset. The Vision Pro is one of the most powerful consumer electric devices ever created, and Apple has spent several years developing it. Why is big tech so focused on the metaverse when the pathway to its growth isn’t clear yet. We discuss and react to what was unveiled during WWDC. Also, how is the SEC suing Binance going to affect the web3 space? In our opinion, Binance has likely committed some of the violations they are accused of, but for the SEC to umbrella label so many projects as issuers of securities without establishing any new guidelines for crypto is over stepping. Also, Binance US is not a large institution in the grand scope of crypto, so if there are any actions to freeze volume there it will likely not impact the broader market.

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158

Summary

We break down our recent HUGE ANNOUNCEMENT where we discuss our project MetaZone raising 3 Million dollars in a seed round. This is very exciting for us as we’ve been building in the metaverse space for more than 3 years. All the hard work is paying off and we are now able to take our platform to the next stage to expand the application ecosystem of the 3D virtual realm. MetaZone is an app store where creators can upload 3D functional content that enables buyers to purchase the content as NFTs, and then deploy them directly onto land in the metaverse. Once deployed, users can interact with the content directly and experience the creations for all the beauty and utility they can offer. YouTube and crypto are our passions, but contributing to the metaverse with our project is one as well. We thank everyone who supports us and joins our community as we continue to develop and expand.

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157

Summary

We recap the interview we recently had with the co-founder of Bitensor, Jacob Steeves. The main profound statements from the interview include alignment theory between AI and humans through the use of cryptocurrencies. Also, the realization that a decentralized AI system will at one point scale to a massive network that corporate AI will have to participate. Also, we talk about how Sam Altman’s new initiatives with Helios and Worldcoin. Can providing humanity with a universal UBI of a crypto token be what is needed to align all people on earth toward a common goal of economic stability in the wake of human displacement as a result of AI. Are Sam Altman and Sam Bankman Freid alot alike in there views and does that impact the amount of trust society should have in Sam Altman after what happened to SBF? Also, what will it take to catalyze the metaverse in the same way ChatGPT has catalyzed the AI market to emerge, or how netscape onboarded millions of users to the internet? We try to identify what those events will look like for the metaverse.

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