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.
The transcript is from an episode of the Block Runner podcast where the hosts discuss the metaverse, specifically a community called Decentraland. They talk about the metaverse's potential for creativity, fashion shows, and the technology behind it. They mention a grant given to a group called Meta Party to create deployable METAs across multiple lands. Finally, they talk about how brands can leverage METAs technology to be hosted on every single plot of the metaverse.
We interview Suman Kanuganti of Personal.ai about the future of artificial intelligence and how users of his platform are able to generate A.I. versions of themselves by curating information and feeding it to their own personal AI. This technology unlocks a whole world of possibilities and can transform the way humans interact in the digital age. We also talk about how these personal AIs can exist in the metaverse and also how an open platform can enable developers to spin up whole new use cases. Also, how does web3 play into the personal.ai ecosystem. How can AI generators and contributors monetize through the platform, and how does blockchain preserve security and ownership of user data.
We discovered a new web3 ecosystem that has developed a protocol for NFT owners to merge A.I. personality to their assets. This process fuses the two NFTs together into a new smart contract which generates an iNFT that carries intelligence properties information on-chain. This is exciting for the future of the metaverse which will host living, speaking, and engaging NFTs that are A.I. enabled to provide services to the end users. A.I. enabled characters will then earn ALI tokens. Will this be the next big primitive or just a fad? Also, we deep dive on A.I. philosophy on how to make A.I. valued on the same level of humanity. Also, what is going on with Bitcoin ordinals? Why are inscriptions going through the roof?!
As we have been anticipating, there has been a surge in A.I. crypto tokens over the last 7 days. Most coins in that sector are up by 200% on average. This was predictable considering the massive amount of attention the Artificial Intelligence applications have been getting from the mainstream. The sector is small with only a handful of viable projects, but nonetheless, the application of leveraging blockchain to create distributed AI learning networks to produce consumer facing AI products is enticing to say the least. Also we speak on the overall market sentiment improving, how AI will continue to develop even outside of web3, and a major update to the Decentraland Worlds progress (ENS enabled).
We interview Travis who is the head of product at Quadrata, a web3 identity solutions protocol bringing digital passports to the blockchain applications ecosystem. We’ve always known on-chain identity was a missing component to realizing the true potential behind DeFi and other blockchain innovations, we finally found a project who is working on delivering exactly that. Quadrata enables dApps to leverage digital passports as on-chain identity verification tools to determine relevant information about its users. What will this do to the progress of DeFi and the metaverse? Also, we get into an A.I. philosophical discussion.