Hey there fellow crypto degens,
We curate the best educational resources in crypto. Here’s a digest of the top content from The Crypto Illuminati this week.
Got your cup of coffee ready? Alright, let's jump right in ☕
🐝 The Buzz and Concerns Surrounding NFTs
The article discusses various developments and trends in the NFT space, including the introduction of Blend by Blur, the culture of NFTs, NFT lending protocol and the rise of Hoopas.
1. Blur made an exciting announcement about their new platform, "Blend," which introduces peer-to-peer perpetual lending for NFTs.
2. While some argue that NFTs will never reach their former peak, there are differing opinions about the current state of the NFT culture.
3. The Solana blockchain has seen significant growth in its NFT ecosystem, with the rise of Hoopas filling up the pace of the Solana NFTs.
🔍 The Sui Mainnet Primer
The article provides a collection of top reads on Sui's mainnet launch, including its key features, consensus mechanism, scalability, partnerships, and market response.
1. Sui's mainnet launch has garnered attention from industry experts and investors due to its unique features, efficient consensus mechanism, scalability, and partnerships.
2. Sui has gained popularity as a potential Layer 1 solution for smart contracts and has attracted over 40 games building on its network.
3. The integration with Coinbase Cloud provides a significant boost to Sui's visibility and adoption.
🧵🧠 BRC20 Mania: How Sustainable Is It?
The article discusses the rise of Bitcoin ordinal theory and its impact on the crypto industry, including the emergence of BRC20 tokens and meme coins. It also touches on the debate around Bitcoin transaction fees and the potential for future growth in the space.
1. Bitcoin ordinal theory involves attaching data to satoshis, the smallest unit of Bitcoin, and is used in creating NFTs and BRC20 tokens.
2. BRC20 tokens are bringing smart contracts to Bitcoin and have already hit a billion-dollar market cap at their peak.
3. Meme coins, a type of BRC20 token, have captured the crypto world's imagination and could bring unexpected innovation to the table.
1. Some may argue that the rise of meme coins and speculative activities in the Bitcoin space could lead to a bubble and eventual crash.
2. Others may argue that the focus on BRC20 tokens and meme coins takes away from the original purpose of Bitcoin as a decentralized, peer-to-peer electronic cash system.
🌪️ BRC-20 Tokens: Spawning a Memecoin Pandemonium
The article discusses BRC20 memecoins, which are meme-inspired tokens that utilize the BRC-20 token standard on the Bitcoin blockchain. It covers their market cap, differences from ERC-20 tokens, minting fees, and how to trade and mint them.
1. BRC20 memecoins are meme-inspired tokens that utilize the BRC-20 token standard on the Bitcoin blockchain.
2. The market cap of BRC20 memecoins has surged to nearly $1 billion at its peak, highlighting their immense interest and potential in the crypto landscape.
3. Minting fees for BRC20 tokens have reached record highs due to congestion on the Bitcoin network, but this also underscores the demand and enthusiasm surrounding memecoins.
1. The hype around memecoins may lead to investors overlooking the risks and potential downsides of investing in them.
2. The constantly evolving crypto landscape means that the popularity and success of BRC20 memecoins may not be sustainable in the long term.
Do you think NFTs will never reach their former peak?