AHOY! $MEME (@MEMECOIN) IS GOING TO @BINANCE! 🙌
This is not a drill! This is not fake news! This is happening!
$MEME is the 39th (not 69th) project on Binance Launchpool! You only have 7 days! Come join the farming with your fellow Binancians!
👇 https://t.co/Kivi8pYnmr
🔥 Fuck Yeah! $MEME (@Memecoin) Fire Sale is 100% reserved in 42 min! I want to thank myself for all the honest work in making it happen.
You can still join the Sale if you have an Allowlist or Waitlist until October 27, 12AM PT/ 3AM ET!
P.S. $MEME FARMING WILL GO ON! LFG! 🧑🌾
Hey you 🫵
I'm pretty sure you were on X all day but in case you weren't, I wanna tell you that $MEME (yes, the @Memecoin I'm farming) is having the Fire Sale today!
Protip: If you have a WAITLIST wallet, come in the first hour for a 6.9X probability boost. You are welcome.
Unlock a legendary chest by becoming a zero-knowledge master 🔓.
The key? Verify that you've transacted on @Scroll_ZKP, @LineaBuild, @0xPolygonDeFi, or @zksync.
https://t.co/QXRTonlkGR
🛸To celebrate the launch of the @Scroll mainnet, we've teamed up with projects in the #Scroll ecosystem to introduce the Orbiter Bridge Odyssey - Scroll Flight! 🚀 🚀
We are offering a substantial prize pool, join us in sharing the 4000U in rewards! 🎁
🔗https://t.co/J37Y1Rnzdy
🚀 Get ready to embark on an exciting journey as we unveil the much-anticipated brc20-swap Mainnet!
Join the next chapter as we kick off daily raffles for exclusive brc20-swap Prime Access on Discord. Starting right now🚨
Read the thread below 🧵
1/ Happy 1st birthday @Aptos_Network! It's been a year since Aptos Mainnet burst onto the scene, so buckle up as we look back at a year of milestones, breakthroughs and relentless innovation at Aptos Labs and across the entire Aptos ecosystem. 🧵👇
#AptosOne
We're excited to announce the launch of our brc20-swap testnet!
Test out our new product and let us know what you think.
https://t.co/24b5FTpRQM
Instructions below 👇
💀The Big Lie = NFTs they sold you 💀 Part (1/8)
Here’s why Ordinals present the largest asymmetric risk/reward opportunity in Crypto and will save Digital Art.
Here are the main reasons I’ve been bullish, remain bullish, and confident that Ordinals will flip art on NFTs on alt chains combined within 18 months - which represents over a +500x potential given the current Ordinals market cap. (My opinion)
First I’ll go over NFTs, fatal problems with NFTs, and why Ordinals will win.
NFTs, 99%+ of ERC and SPL tokens are simply off chain pointers to a centralized database. The data (Art) does not live on-chain, the art can be changed without your permission, the creators must pay fees to maintain this off-chain data on centralized servers.
Do you really expect serious art collectors to pay $1m+ for a image that can be changed without consent (intentionally or via security breaches) at any time ? How can you build a brand on top of IP that risk looking completely different in the future ? Art is meant to be collected and passed down to future generations - who will be paying the server hosting fees in 100 years from now ? Many examples exist of NFTs that were once images that now solely exist as a 404 not found error…. As revenue sources dry up for projects, this will only become more common.
Ordinals are fully on chain, one fee to inscribe and the data /image is as ~secure as the Bitcoin network, stored on every Bitcoin full node, not a centralized database.
Incentives - how many 10k collections exist on ETH/SOL ? How many NFTs exist on ETH/SOL ? Millions and every NFT minted dilutes the existing NFTs. Relative to Ordinals, it’s insanely cheap to spin up a smart contract and mint millions of NFTs on new tokens. This ultimately drives profit actors to mint tons of low quality NFTs (+ dilution) and see if they can sell them, check your hidden folder and you will see what I’m talking about.
On the contrary, Ordinals are competing for the same blockspace that every other Bitcoin transaction is paying for via a democratic fee market, as blockspace becomes more scarce and valuable (assumption), so will Ordinals. This creates an incentive to inscribe quality over quantity that will only increase. It could potentially cost millions of dollars to inscribe a 10k collection, hence why only a few exist even with 30m+ inscriptions. Which ecosystem do you think is more sustainable?
Incentivized liquidity and leverage - we have seen many example of tokens like blur/looks abstracting the value away from the art to cater to alt coin traders and VCs - this created a downward spiral that still exist. People are willing to take small losses bc they think they will make it up with token rewards, as the token goes down, liquidity dries up, and rare NFTs lose a premium because the bulk of the liquidity is at the floor.
This also dampens upside, diverts liquidity, and lessens volatility when you factor in AMMs. NFTs on alt chains have a large amount of leverage in the system that causes and will continue to cause liquidation cascades, this is due to smart contract functionality. Ordinals don’t have marketplaces that encourage this behavior as it’s tough without Turing complete smart contract functionality on the base layer. These will be built eventually, however due to the Bitcoins block time constraints you simply cannot trade the same way as alt chain NFTs. The other factor is rarity, since Ordinals currently have no metadata, they don’t have any statistical rarity, liquidity is spread organically based on what the collector values, not some bs ranking system. Continuing, you also don’t have staking or staking ponzinomics because you cannot just mint tokens on bitcoin like eth and sol.
Ordinals mimic the IRL fine art market and collecting much closer than alt chains, on a more secure and larger blockchain.
NFA - just my opinion
(Part 1/8) - more to come💧
1/ New privacy paper with @VitalikButerin, Jacob Illum (@chainalysis), @mat_nadler, @fschaer!
https://t.co/ovH1iYXXY6
We explored new compliance opportunities made possible by https://t.co/Nt4b2Tgx1D, where users can provably dissociate from illicit funds.
story below 🧵👇
Let them eat $CAKE 🍰
Bridge omnichain-CAKE with @StargateFinance and @PancakeSwap in our latest Quest!
Receive a delicious omnichain-NFT for your efforts 🧁
https://t.co/cgE9lLjxxE
🔥🔥🔥MASSIVE FREEMINT🔥🔥🔥
#CNP , No.1 project in Japan, will hold its largest-ever FREEMINT!
☑ Follow @cnp_en@ihayato
☑ Like and RT
☑ Go Premint!
https://t.co/8De9IiNXiu
There will be thousands of winners🥷🥷🥷
Please spread the word and join us!