Thank you Emmy for showering me with 6,250 Diamonds and getting me to shamelessly tweet this out. If you're a Solana OG head to https://t.co/AR7Mq0EJ9A to claim the Diamonds you've earned
๐ซกCAUGHT WIND THAT THE BVDCATS @BVDCAT_ MIGHT want a Dogelana (DGLN) airdrop?
THE OG DOGE OF SOLANA?
to all BVDCAT HOLDERS?
ARE YOU IN OR ARE YOU IN?
RAID BELOW FOR ENTRY ๐ข๐ข๐ข๐ข๐ข๐ข
๐ง๐๐ ๐ด๐ฟ๐ฒ๐ฎ๐๐ฒ๐๐ ๐ก๐๐ง ๐ฎ๐ฟ๐ฏ๐ถ๐๐ฟ๐ฎ๐ด๐ฒ ๐ผ๐ฝ๐ฝ๐ผ๐ฟ๐๐๐ป๐ถ๐๐ ๐ผ๐ณ ๐ฎ๐น๐น ๐๐ถ๐บ๐ฒ!! ๐
You may have noticed the emphasis on 'bit' (highlighted in orange above) ๐
That's because this particular arbitrage opportunity is only possible due to the emergence of the Ordinals protocol ๐ง
๐ฆ๐ผ๐บ๐ฒ ๐๐ผ๐ป๐๐ฒ๐ ๐
Until now, Ethereum has been accepted as the gold standard for NFTs. By comparison, an asset secured anywhere else has been broadly viewed as less valuable.
The disparity in appraisals is due to many factors, but some of the core ones are Ethereumโs:
โซ๏ธLarger marketcap
โซ๏ธNumber of participants
โซ๏ธRate of development
โซ๏ธLevel of decentralisation
โซ๏ธSecurity
โซ๏ธMarket liquidity
But what happens when a chain with even greater decentralisation and security, as well as a MUCH larger market cap (2.5x that of ethereum) suddenly unlocks the ability to create and own non-fungible assets?
The answer is DISRUPTION!! ๐ซจ
But another answer is re-evaluation ๐ค
๐ช๐ต๐ ๐ฅ๐ฒ-๐ฒ๐๐ฎ๐น๐๐ฎ๐๐ฒ?
The market will need to reassess what โvaluableโ looks like with Bitcoin assets now entering the game.
Luckily, once that re-assessment begins in earnest, it wonโt take long, as the market intrinsically knows how to assess value (clue: I just listed them above)
Here they are again:
โซ๏ธLarger marketcap
โซ๏ธNumber of participants
โซ๏ธRate of development
โซ๏ธLevel of decentralisation
โซ๏ธSecurity
โซ๏ธMarket liquidity
Looking through the list again, itโs hard to make any level of argument that the market will do anything other than recalibrate in Bitcoinโs favour.
Thus bringing me onto the aforementioned arbitrage opportunity.
Currently, Onchain Monkeys are priced in eth (around 1.3eth floor for Genesis at time of writing).
But not only are they priced in eth, their value is impacted by the features of the Ethereum blockchain itself. Which as Iโve shown, is flawed, when compared with Bitcoin.
But not only that!
Since its creation on Ethereum (9th September 2021), the OCM Genesis collection, has in my opinion, been misunderstood and severely undervalued by most of the market!
This has, in no small part, been due to the marketโs collective failure to understand the distinction between an NFT and what people, including myself, are now referring to as โDigital Artifacts.
๐ช๐ต๐ฎ๐ ๐ฒ๐ ๐ฎ๐ฐ๐๐น๐ ๐ฑ๐ผ ๐ ๐บ๐ฒ๐ฎ๐ป ๐ฏ๐ โ๐๐ถ๐ด๐ถ๐๐ฎ๐น ๐๐ฟ๐๐ถ๐ณ๐ฎ๐ฐ๐๐โ?
Well, nobody has said it better than Casey @rodarmor, (the gigabrain behind the Ordinals protocol) so Iโve created a digestible slide (below) with the properties of Digital Artifacts๐
โBut FITZY, you mentioned something about the market not being smart enough to understand the difference! You gonna directly address that or what?!โ
Of course, now where was I?
Oh yeah. If we were to use the above classification of Digital Artifacts, and our aim was to classify all of the Ethereum NFTs in existence, 99% of them would fail the test!
And not just fail, I mean REALLY fail!!
Most of them ๐๐ฅ๐ mutable, censorable and incomplete. And if we accept that theyโre not complete, then we have to also accept that theyโre not actually owned either! ๐ฌ
(A digital certificate of ownership is not the same as true ownership!)
๐ฆ๐ผ, ๐ต๐ผ๐ ๐ฑ๐ผ๐ฒ๐ ๐ข๐ป๐ฐ๐ต๐ฎ๐ถ๐ป ๐ ๐ผ๐ป๐ธ๐ฒ๐ ๐๐๐ฎ๐ป๐ฑ๐๐ฝ ๐ฎ๐ด๐ฎ๐ถ๐ป๐๐ ๐๐ต๐ฒ ๐๐ถ๐ด๐ถ๐๐ฎ๐น ๐๐ฟ๐๐ถ๐ณ๐ฎ๐ฐ๐ ๐๐ฒ๐๐?
It passes with a perfect, 100% Digital Artifact score!!
They are FULLY onchain, and unlike 99% of NFTs, they are not JPEGs stored on IPFS!
They were created in a single ethereum transaction, using generative code, which resulted in all 10k assets being securely and immutably etched into the fabric of ethereum chain itself!
To put that into perspectiveโฆ.
EVERY marketplace, and EVERY centralised server like IPFS, could cease to exist tomorrow, and the OCM owners would still be able to use a blockchain explorer to view their assets, and also verify TRUE ownership of them!
OCMs are quite literally โbuilt differentโ!
They have been Digital Artifacts on Ethereum all along!
โ๐๐จ๐ง ๐ช๐๐๐ง ๐๐ฆ ๐ง๐๐๐ฆ ๐๐ ๐๐ญ๐๐ก๐ ๐๐ฅ๐๐๐ง๐ฅ๐๐๐ ๐ข๐ฃ๐ฃ๐ข๐ฅ๐ง๐จ๐ก๐๐ง๐ฌ ๐ฌ๐ข๐จโ๐ฉ๐ ๐ ๐๐๐ ๐จ๐ฆ ๐ฅ๐๐๐ ๐ ๐ ๐๐๐๐๐ข๐ก ๐ช๐ข๐ฅ๐๐ฆ ๐ง๐ข ๐๐๐๐ฅ ๐๐๐ข๐จ๐ง??!!!โ
Well that my friend, youโll be glad to know, is the simple part.
Iโve made it abundantly clear that I believe the Ethereum market has undervalued OCM Genesis since day 1,so if we look at that definition of arbitrage again, the opportunity should become clear:
Aฬฒrฬฒbฬฒiฬฒtฬฒrฬฒaฬฒgฬฒeฬฒ
โ๐๐ข๐ฌ๐ช๐ฏ๐จ ๐ข๐ฅ๐ท๐ข๐ฏ๐ต๐ข๐จ๐ฆ ๐ฐ๐ง ๐ต๐ฉ๐ฆ ๐ฅ๐ช๐ง๐ง๐ฆ๐ณ๐ฆ๐ฏ๐ค๐ฆ ๐ช๐ฏ ๐ฑ๐ณ๐ช๐ค๐ฆ๐ด ๐ช๐ฏ ๐ต๐ธ๐ฐ ๐ฐ๐ณ ๐ฎ๐ฐ๐ณ๐ฆ ๐ฎ๐ข๐ณ๐ฌ๐ฆ๐ต๐ดโ
๐ ๐ ๐๐ต๐ฒ๐๐ถ๐ ๐ถ๐ ๐๐ถ๐บ๐ฝ๐น๐ฒ. ๐๐๐ ๐ผ๐ป ๐๐๐ต. ๐ฆ๐ฒ๐น๐น ๐ผ๐ป ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป!!
(only 87 of 10k are listed for sale btw)
๐๐ผ๐ป๐ฐ๐น๐๐๐ถ๐ผ๐ป
OCM assets have been THE premium product along, but theyโve been appraised by a market that doesnโt know the difference. The medium of measurement has been faulty this entire time!
They will no longer be priced in the native asset of Ethereum, a chain that has accepted subpar product.
They will be priced in Bitcoin, a chain that by design, can only house Digital Artifacts!
After their migration, and with their official classification as the first 10k collection inscribed on Bitcoin, they will be accurately judged on their core properties, and by a market that truly values them.
In summary, the value of an Ethereum OCM Genesis, in the depths of a bear market, and with most people not understanding how to truly appraise its value, will greatly increase once they take their throne as the most significant collection of Digital Artifacts on Bitcoin!
!RISE
๐จ BREAKING: ๐ฎ๐ณ #G20 Leaders make MASSIVE #Crypto Decision that could change EVERYTHING ๐ณ
If you're into crypto, you NEED to see this ๐ฅ
A thread ๐งต
6/6 - To summarise, OKB have the connections, support and determination to take the project and brand to unparalleled heights.
The process is longer when building the โweb 2โ side of the coin, but I truly believe that patience will be rewarded.
If you made it this far, WAGBO!
Gm legends ๐ฅท
My last @OkayBears thread was a great hit - it primarily focused on the โweb 3โ aspects of the project.
This thread will be centred around the โweb 2โ partnerships and long term value & potential of the brand.
Grab a coffee and enjoy ๐๐ป
Please RT & share ๐
Report: Under the leadership of @trippinapes refounder @apeXdaz3 they had burnt millions of $TRB, 300 apes, released 2 art upgrades, and built 3 new tech platforms since the takeover from the previous team.
@trippinapes has new founders.
Dear CT, please DYOR before fudding!
Holding 110 (after burning few apes for DAO), will continue accumulating.
@apeXdaz3 @EmmaLeguin @Gen_enid Thank you for the great work!
Iโm so fucking tired of people hating on @trippinapes ๐ซก๐ฅ
ITโS A FUCKING NEW TEAM AND THEY DOING FUCKING BRILLIANT TO TURN THINGS AROUND.
If you donโt agree with that! Thatโs on you - But donโt do hate posts for engagement, because you didnโt get enough hugs as a child.
Haters said โwatch how it will go back under 100.โ
We stood our ground and watch them hate.
Our next stop is 1000 $Matic baby nothing will stop the drill.
#Drillclubtothemoon
@BVDCAT_ x @SuperHoldersDAO
What an honour to be a part of this, diamond handed & top people on $SOL, so of course BVD has to be in there!
Looking forward to the future of this ๐ซก๐ซก๐ซก #WEBVD
@Taste_nz @hkine_sol@fisher1414_SOL@BVD_Capital Why are you arguing this when you know youโve been outed and that was just a nasty thing to do, yeah youโre right you should do whatever the hell you want with your money but getting knowledge of the communityโs action beforehand and then undercutting them is just not done.