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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.

110

Summary

Bitcoin on a major run right now on its way to the inevitable $100K prediction, but are we in a super cycle that could propel Bitcoin to beyond the prediction? We use technical analysis to try to predict where it could actually end up. An Ohio Representative provides regulatory clarity that shows favorable conditions for cryptocurrencies. This is great news if you're an American dealing with unfavorable conditions. Artificial Intelligence is getting a lot of interesting applications in the blockchain space. Find out how AI can supplement the DAO in running an organization. A stealth organization has emerged giving a rise to a relatively new governance model. ZeigesitPM attempts to use prediction markets as a sentiment indicator for a Decentralized Autonomous Organization.

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109

Summary

Recent discussions involving Gary Vanyerchuck have been active recently and the main topic has been around the true implications of blockchain gaining mass adoption. The real implication is the total demise of fiat currency which is when powers shift. Every 100 years a different currency rises to become the world reserve currency and the dollar is a few years over due to collapse. Now that cryptocurrencies is a possible option, we could be seeing one of the biggest fundamental shifts ever experienced by humanity. A currency not controlled by any one government is unlike anything that's happened before.

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108

Summary

There is a sector in the crypto space exploding with innovation and that is a decentralized cross chain apps that allow you to swap tokens that are on different chains. To name a few crosschain swapping apps include Multichain.xyz, AnySwap, Zero Exchange, Anti Matter just to name a few. Beeple has a new NFT at the Christie auction going for a current bid of $2.4 million of his first 5,000 Everydays. If you don't know about Beeple, he has posted a new piece of art everyday for the last 10 years. Beeple also sold a Trump NFT for $6.6 million, clearly there is a huge opportunity with NFTs. The metaverse is getting swept under the rug for the most part in the NFT mania, but the metaverse like Decentraland has a unique value proposition for NFTs. With the metaverse, you can turn a DEX like Uniswap into an NFT! This is the ultimate form of composability.

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107

Summary

On today's podcast we interview Scott Gray, head of business development of Dev Protocol! We get an inside look of the economics of tokenizing open source software. With Dev Protocol, any developer can generate 10 million tokens as a way to capture and distribute value to their own community of supporters. Supporters can stake Dev tokens to support the development of different projects in order to participate and support a project so that devs can focus on their project. Supporters who stake mint new Dev tokens that are split between the staker and the project they stake with. We also discuss anonymous development and the chances of it becoming a more common and sustainable way to develop projects. Scott also gives his outlook of the long term application of Bitcoin.

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106

Summary

Since the announcement from Tesla on purchasing $1.5 billion worth of Bitcoin, Iman and William have been discussing the potential snowball effect. What could the United States government do if a large portion of business start allocating a percentage of their reserves for Bitcoin? With Oracle, Apple, and Google likely on their way to make their announcements, the U.S. Government could pull the plug to slow the growth of this new asset. Maybe they understand the potential and decide to encourage development state side and have relaxed regulation. Tune in to see where you stand in this debate.

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