A good start to the day for equities with the Nasdaq up on the back of NVIDIA earnings; this seems to be a direct result of AI income. Their market cap appears to have reached 1 trillion!? As a result of Nvidia, tech stocks are up roughly 2%. Notable mention that the CTO of NVIDIA was also quoted earlier this year saying crypto doesn't offer anything useful.
Crypto bounced slightly in line with tech stocks but not really a noteworthy move price wise.
We saw a move lower with Miladys, due to the BLEND downward pressure. Mutant apes are also suffering from the downward spiral effect of BLEND. It feels like the narrative is shifting around BLEND as projects experience an initial pump but then plummet, which to be fair is not the fault of the platform itself.
0n1 Force aloha finally dropped, and they are said to have a new CTO which looks like the start to a strong team being built for the anime based collection.
Hape Prime, from Jan 2022, made by Digimental Studio, was purchased by Vertex Labs for $12 million. Mando thinks this is a high price, and compares it to the recent valuation for Pudgy Penguins.
10 new squiggles sold and there was some trading around the sales. There was also a blind auction that closed yesterday in the 19 ETH range featuring squiggles that are minted by @ArtOnBlockchain
. There are now only 226 more Squiggles left unminted now.
@DavidFBailey CEO of @bitcoinmagazine joined our stage along with the grand wizard @udiWertheimer
.
David joined the stream poolside but was rugged due to beautiful weather on the island.
In 2018 the Bitcoin conference was built along with the resurrection of Bitcoin magazine, which was purchased from Vitalik Buterin! 2012 is when David found out about bitcoin and he originally thought it was a scam, and even tried to prove to his friend that it was. Obviously he failed, and this was the onset of his Maxi tendencies. He went all-in on BTC in 2013 and it's been history ever since.
He also spoke about color coins, which were a paper written by Vitalik, and ordinals being a revamp of this original idea leading to a resurgence of this ancient tech.
David describes layer 2 solutions that will be built in the future via the fees on bitcoin being created today, laying down and creating new infrastructure will usher BTC to be the accessible amazing tech that it has potential to be!
BTC OG's and maxis are coming out of the woodwork to create on top of the ordinals protocol. David imagines 10's of millions of dollars being poured in and 100's of thousands of developers surfacing to push the bar.
The platforms that drive the most fees to miners and carry the most influence will push the bar exponentially. There are many competing visions for what comes next in BTC, but anything that has been built on ETH has the potential to be built on bitcoin and tried for success.
UDI points out that the reason many things were built on Ethereum were not a result of technical inability, but rather a cultural barrier that had never been overcome.
@huuep spoke on how fees are low now but in the future when fees are high things will have to be done differently. For instance, inscribing art is affordable now so take advantage as it may be out of reach in years to come.
GM