“Ordinals, Runes, wBTC: Who Will Dominate Bitcoin's Next Wave ❓”

1⃣️ Different types of assets have emerged in the Bitcoin ecosystem, including bridged BTC and Bitcoin Token Protocol;
2⃣️ Bridged BTC (e.g. wBTC) is the packaging of Bitcoin into tokens on other blockchains for purposes such as DeFi;
3⃣️ Bitcoin token protocols (such as Ordinals and Runes) on the other hand burn digital assets directly onto the Bitcoin blockchain, including NFTs and fungible tokens;
4⃣️ The Bitcoin NFT market is growing and becoming an important asset class in the Bitcoin ecosystem;
5⃣️ Bridging BTCs will face competition, new bridging BTCs may emerge, and token protocols need to be better;
6⃣️ Bitcoin token protocols depend on community interest, are volatile and need further development.

The battle for Bitcoin's next wave is heating up. Token protocols are volatile but promising. Bridged BTCs have challenges too.