Arthur Hayes Says Ordinals ‘Bring Human Culture’ To Oldest Crypto Community
The post Arthur Hayes Says Ordinals ‘Bring Human Culture’ To Oldest Crypto Community appeared on BitcoinEthereumNews.com. The investor’s fund, Maelstrom, is focused on assets that gave rise to crypto meme culture. Arthur Hayes is very bullish on Ordinals and memecoins. As the nascent Ordinals ecosystem takes the oldest blockchain’s development by storm–with a series of funding rounds and new protocols launching–Hayes explained his thesis to The Defiant, and how his fund is targeting not only Ordinals, but the larger memecoin sector. “Ordinals, BRC-20, and Runes bring human culture to the oldest, largest and most valuable crypto community – the Bitcoin community,” he told The Defiant. Maelstrom, the family office he leads and which takes a 10/20/50 year time horizon according to its website, “is extremely bullish on the future of any assets or protocols tangentially related to these areas of interest,” said Hayes. Meme-ology The word “meme” was first coined by evolutionary biologist Richard Dawkins to define a unit of culture. Hayes’ refers to Ordinals, and their subsequent meme culture, as bringing in an essential part of human culture to the Bitcoin ecosystem. In addition to Ordinals and memecoins, Hayes also fixes his eyes on BRC-20s and Runes, the latter a new protocol launching last week in line with the Bitcoin halving. Ordinals’ inscriptions are the Bitcoin equivalent of NFTs. They are arbitrary data that lives on the Bitcoin blockchain, tied to a satoshi, the smallest denomination of a Bitcoin. Runes, which launched on the day of Bitcoin’s fourth halving, is a new way to inscribe information onto the oldest crypto network in a more efficient manner than fungible tokens issued on the Bitcoin network, called BRC-20s,. Following a February and March lull, Ordinals have picked up again, with daily inscriptions doubling in April to an average of 150,000. More than 66 million inscriptions have been registered on the Bitcoin blockchain, with Ordinals inscriptions driving NFT…
The post Arthur Hayes Says Ordinals ‘Bring Human Culture’ To Oldest Crypto Community appeared on BitcoinEthereumNews.com.
The investor’s fund, Maelstrom, is focused on assets that gave rise to crypto meme culture. Arthur Hayes is very bullish on Ordinals and memecoins. As the nascent Ordinals ecosystem takes the oldest blockchain’s development by storm–with a series of funding rounds and new protocols launching–Hayes explained his thesis to The Defiant, and how his fund is targeting not only Ordinals, but the larger memecoin sector. “Ordinals, BRC-20, and Runes bring human culture to the oldest, largest and most valuable crypto community – the Bitcoin community,” he told The Defiant. Maelstrom, the family office he leads and which takes a 10/20/50 year time horizon according to its website, “is extremely bullish on the future of any assets or protocols tangentially related to these areas of interest,” said Hayes. Meme-ology The word “meme” was first coined by evolutionary biologist Richard Dawkins to define a unit of culture. Hayes’ refers to Ordinals, and their subsequent meme culture, as bringing in an essential part of human culture to the Bitcoin ecosystem. In addition to Ordinals and memecoins, Hayes also fixes his eyes on BRC-20s and Runes, the latter a new protocol launching last week in line with the Bitcoin halving. Ordinals’ inscriptions are the Bitcoin equivalent of NFTs. They are arbitrary data that lives on the Bitcoin blockchain, tied to a satoshi, the smallest denomination of a Bitcoin. Runes, which launched on the day of Bitcoin’s fourth halving, is a new way to inscribe information onto the oldest crypto network in a more efficient manner than fungible tokens issued on the Bitcoin network, called BRC-20s,. Following a February and March lull, Ordinals have picked up again, with daily inscriptions doubling in April to an average of 150,000. More than 66 million inscriptions have been registered on the Bitcoin blockchain, with Ordinals inscriptions driving NFT…
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