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.
We take a step back to gain perspective on the DeFi space. There's an all time high in locked liquidity at $14 billion and we correlate the last DeFi bull run with the all time high GAS prices. Yearn Finance leads the DeFi race at the moment and the founder Andre Cronje has created an ecosystem to keep an eye on. One of those ecosystem projects is called Keep3r Network is one protocol gaining traction. Finally we end with a discussion on Steve Wozniak's splash in the cryptocurrency space with Efforce token.
We return to discuss some of the latest developments happening within Decentraland. This time Decentral Games releases their own Token called $DG. This token will serve as a governance token to decide on where to spend funds decided by the community. The token will also be used to incentivize players to gamble in their casino. This is the first sign of true sustainability within the metaverse and just the first sign of an activity that most projects will adopt. We also discuss Bitcoin logic where in 10 years we can see the price of Bitcoin go as high as $1M.
On this episode William and Iman speak with Daniel Kim from NFTBank.ai to discuss an NFT portfolio app that will help you evaluate your NFTs. We get the origin story on how NFTBank came to be as well as the most optimal way to use the app. We get into the details as to what kind of data is needed to valuate NFTs. Being able to collect and value a portfolio for NFTs is a large missing piece to on-boarding additional users to the space. Most NFTs are hard to evaluate, we get a hard look as to what increases value of NFTs.
On the eve of Thanksgiving, we gather to discuss numerous developments. One development that has the crypto world talking is Bitcoin's approach to the all time high. We discuss why Bitcoin is approaching an all time high and whether or not adoption has propelled the value high or Bitcoin's scheduled bull run. We dive right into what Ethereum 2.0 is and the potential improvements we're going to be seeing. We spoke to Splinterlands and we got an inside look at a proper play to earn game that has successfully created a game with sustainability. Finally, we announce the Corona Zombie first person shooter winners.
With the recent surge of Bitcoin we take a look back at our predictions and acknowledge the cadence that Bitcoin has in the market. Regardless of the environmental effects surrounding Bitcoin, it seems that Bitcoin has a mind of its own. The latest run has Bitcoin now going past $17k. The last time this happened was back in 2017 during the previous bull run. We then get into Decentraland's district dilemma where we describe the lack of content being deployed. MetaZone finally supports district deployments where meta-owners can now contribute their meta to districts. This means that you don't have to be a landowner to purchase and deploy a meta. This means revenue generating metas can now be deployed and revenue can be shared with districts. Big things are happening in Decentraland. Stay tuned to the end for the next event!