Today we interviewed Tom Lehman, founder of the Ethscription protocol which is acting to enable digital artifact inscriptions on Ethereum. This is a big deal because it expands the digital artifact movement beyond just the scope of Ordinals and Bitcoin. This begs the question of why does Ethereum need to inscribe if the ecosystem has done so much already with smart contracts and IPFS pointers. Tom outlines the several benefits ethscribing has over minting NFTs in added security, true immutability, and even cost efficiencies. With the Ethereum layer 2 ecosystem now becoming more obviously centralized, the narrative for a new option when creating digital goods on-chain comes at a perfect time. Will ethscriptions be the next big thing to pop off on Ethereum and become a major ecosystem to build for just like Ordinals?

We interview the founder of TRAC, Benny, who is working tirelessly on providing critical indexing infrastructure to the Ordinals and BRC20 space. Benny explains his origins as an Ethereum developer and his switchover to the Ordinals arena which led him to build a suite of necessary tools for Inscriptions. As he was developing he discovered a huge gap in decentralized indexing which led him to build Trac and eventually the TAP protocol. Now with TAP, inscription tokens with more robust functionality can be created which is the fundamental need to enable DeFi, which Benny is labeling as OrdFi. How much infrastructure remains and what are plans moving forward for Trac and TAP? We discuss in this episode.

We interview a core community member of the Ord team which is working on building the virtual machine on top of Bitcoin called BOSS. This is a very much-needed initiative as it will bring in much needed functionality and robustness to the Ordinal space. As of right now, the BRC20 token standard is the standard mechanism to spin up a semi-fungible token ecosystem. With the BOSS system a new token standard can emerge enabling developers to build on top of more functions. If this works out it could be one of the biggest moments in Ordinals history, similar to early Ethereum days for the overall blockchain space.

We finally took a moment to peer outside of what is happening in web3 besides Ordinals and Bitmap. We haven’t properly analyzed the state of sentiment overall since we began heavily following Ordinals once BRC20s were introduced back in March and April. Since then, we’ve found ourselves in a much more positive sentiment as content creators because of all the rapid innovations and foundational value creations happening on Bitcoin. However, once we looked back on the rest of web3, we found a much more depressing outlook due to major hacks and exploits, SEC attacks on HEX, constant rugpulls, and overall notable influencers pushing an anti crypto narrative. This leads us to believe we are likely in a peak bear market stage which according to the Wall Street Market Psychology Cheat Sheet is the depression phase. Also, we introduce the idea of digital matter theory which speaks to the idea of creating digital value through non-arbitrary processes that are reliant on blockchain data and information.

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 😅