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
🫡CAUGHT 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 📢📢📢📢📢📢
𝗧𝗛𝗘 𝗴𝗿𝗲𝗮𝘁𝗲𝘀𝘁 𝗡𝗙𝗧 𝗮𝗿𝗯𝗶𝘁𝗿𝗮𝗴𝗲 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆 𝗼𝗳 𝗮𝗹𝗹 𝘁𝗶𝗺𝗲!! 👀
You may have noticed the emphasis on 'bit' (highlighted in orange above) 👀
That's because this particular arbitrage opportunity is only possible due to the emergence of the Ordinals protocol 🟧
𝗦𝗼𝗺𝗲 𝗖𝗼𝗻𝘁𝗲𝘅𝘁
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 Ethereum’s:
▫️Larger marketcap
▫️Number of participants
▫️Rate of development
▫️Level of decentralisation
▫️Security
▫️Market 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!! 🫨
But another answer is re-evaluation 🤔
𝗪𝗵𝘆 𝗥𝗲-𝗲𝘃𝗮𝗹𝘂𝗮𝘁𝗲?
The market will need to reassess what ‘valuable’ looks like with Bitcoin assets now entering the game.
Luckily, once that re-assessment begins in earnest, it won’t take long, as the market intrinsically knows how to assess value (clue: I just listed them above)
Here they are again:
▫️Larger marketcap
▫️Number of participants
▫️Rate of development
▫️Level of decentralisation
▫️Security
▫️Market liquidity
Looking through the list again, it’s hard to make any level of argument that the market will do anything other than recalibrate in Bitcoin’s 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 I’ve 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 market’s collective failure to understand the distinction between an NFT and what people, including myself, are now referring to as ‘Digital Artifacts.
𝗪𝗵𝗮𝘁 𝗲𝘅𝗮𝗰𝘁𝗹𝘆 𝗱𝗼 𝗜 𝗺𝗲𝗮𝗻 𝗯𝘆 ‘𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗔𝗿𝘁𝗶𝗳𝗮𝗰𝘁𝘀’?
Well, nobody has said it better than Casey @rodarmor, (the gigabrain behind the Ordinals protocol) so I’ve created a digestible slide (below) with the properties of Digital Artifacts👇
“But FITZY, you mentioned something about the market not being smart enough to understand the difference! You gonna directly address that or what?!”
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 𝗔𝗥𝗘 mutable, censorable and incomplete. And if we accept that they’re not complete, then we have to also accept that they’re not actually owned either! 😬
(A digital certificate of ownership is not the same as true ownership!)
𝗦𝗼, 𝗵𝗼𝘄 𝗱𝗼𝗲𝘀 𝗢𝗻𝗰𝗵𝗮𝗶𝗻 𝗠𝗼𝗻𝗸𝗲𝘆 𝘀𝘁𝗮𝗻𝗱𝘂𝗽 𝗮𝗴𝗮𝗶𝗻𝘀𝘁 𝘁𝗵𝗲 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗔𝗿𝘁𝗶𝗳𝗮𝗰𝘁 𝘁𝗲𝘀𝘁?
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 perspective….
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 “built different”!
They have been Digital Artifacts on Ethereum all along!
“𝗕𝗨𝗧 𝗪𝗛𝗔𝗧 𝗜𝗦 𝗧𝗛𝗜𝗦 𝗔𝗠𝗔𝗭𝗜𝗡𝗚 𝗔𝗥𝗕𝗜𝗧𝗥𝗔𝗚𝗘 𝗢𝗣𝗣𝗢𝗥𝗧𝗨𝗡𝗜𝗧𝗬 𝗬𝗢𝗨’𝗩𝗘 𝗠𝗔𝗗𝗘 𝗨𝗦 𝗥𝗘𝗔𝗗 𝗔 𝗠𝗜𝗟𝗟𝗜𝗢𝗡 𝗪𝗢𝗥𝗗𝗦 𝗧𝗢 𝗛𝗘𝗔𝗥 𝗔𝗕𝗢𝗨𝗧??!!!”
Well that my friend, you’ll be glad to know, is the simple part.
I’ve 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:
A̲r̲b̲i̲t̲r̲a̲g̲e̲
“𝘛𝘢𝘬𝘪𝘯𝘨 𝘢𝘥𝘷𝘢𝘯𝘵𝘢𝘨𝘦 𝘰𝘧 𝘵𝘩𝘦 𝘥𝘪𝘧𝘧𝘦𝘳𝘦𝘯𝘤𝘦 𝘪𝘯 𝘱𝘳𝘪𝘤𝘦𝘴 𝘪𝘯 𝘵𝘸𝘰 𝘰𝘳 𝘮𝘰𝘳𝘦 𝘮𝘢𝘳𝘬𝘦𝘵𝘴”
𝗠𝘆 𝘁𝗵𝗲𝘀𝗶𝘀 𝗶𝘀 𝘀𝗶𝗺𝗽𝗹𝗲. 𝗕𝘂𝘆 𝗼𝗻 𝗘𝘁𝗵. 𝗦𝗲𝗹𝗹 𝗼𝗻 𝗕𝗶𝘁𝗰𝗼𝗶𝗻!!
(only 87 of 10k are listed for sale btw)
𝗖𝗼𝗻𝗰𝗹𝘂𝘀𝗶𝗼𝗻
OCM assets have been THE premium product along, but they’ve been appraised by a market that doesn’t 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
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 “web 2” side of the coin, but I truly believe that patience will be rewarded.
If you made it this far, WAGBO!
Gm legends 🥷
My last @OkayBears thread was a great hit - it primarily focused on the “web 3” aspects of the project.
This thread will be centred around the “web 2” partnerships and long term value & potential of the brand.
Grab a coffee and enjoy 👌🐻
Please RT & share 🙏
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!
I’m so fucking tired of people hating on @trippinapes 🫡🔥
IT’S A FUCKING NEW TEAM AND THEY DOING FUCKING BRILLIANT TO TURN THINGS AROUND.
If you don’t agree with that! That’s on you - But don’t do hate posts for engagement, because you didn’t get enough hugs as a child.
Haters said “watch how it will go back under 100.”
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 🫡🫡🫡 #WEBVD
@Taste_nz @hkine_sol@fisher1414_SOL@BVD_Capital Why are you arguing this when you know you’ve been outed and that was just a nasty thing to do, yeah you’re right you should do whatever the hell you want with your money but getting knowledge of the community’s action beforehand and then undercutting them is just not done.