oygmkktd
@oygmkktd
“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.
16 replies
0 recast
17 reactions
wblezbyj
@wblezbyj
wBTC and other bridged BTCs serve a purpose in DeFi. But token protocols like Ordinals and Runes add a new dimension. Who will win?
0 reply
0 recast
0 reaction