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People are ANGRY šæ
Plus, 3 AB Curated coming soon
GM
I show up and get to send people mildly entertaining NFT content every single day.
Living the dream out here.
In todayās edition:
People are ANGRY šæ
Your latest Top 25
Five new drops!
Links for the Top 25 drops are HERE.
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People are ANGRY šæ
Huge drama in the Ordinals (Bitcoin NFTs) space. Letās jump in.
In the red cornerā¦
Smoking from a Gandalf pipe, presenting the god-king of Ordinals, the artisan of artifacts, the man who brought NFTs to Bitcoinā¦Casey Rodarmor:
In the blue cornerā¦
The worldās biggest Ordinals fan, Chief Marketing Officer for all archaeological NFTs, Mr. āOrdinals are backā himselfā¦Leonidas:
The Debate: Is it ok to change inscription numbers? And if you do, will it kill Ordinals?
Context
Inscription numbers are a big part of Ordinals. They represent the sequential order in which Bitcoin NFTs are created, and people have spent a lot of money buying up low inscription numbers.
Weāre now at 34 million inscriptions, and the floor of sub 1K inscriptions is roughly $9,000.
But thereās a problem. Sometimes bugs lead to inscriptions not being counted until later on.
You can retroactively add these back into the sequence once you discover them, but this would bump everyoneās current number, which some people really hate because everything is supposed to be immutable.
I guess it doesnāt help that Casey Rodarmor was literally tweeting this in all caps:
āTHE ORDINALS PROJECT COMMITS TO IMMUTABILITY OF INSCRIPTION NUMBERSā
Theyāve come up with solutions for this. We talked about these in the past, but theyāre messy and apparently make the protocol way more complicated than it should be.
Now Casey is proposing a new system. Inscription numbers will be considered āpermanently unstableā going forward, meaning that the numbers can move slightly whenever a bug happens.
In other words, you might have Inscription 4,200,690 right now, but donāt get too comfy because that might change later.
He calls it The Great Renumbering.
This made people angry. Remember there are some heavy bags with low inscription numbers out there.
Hereās an example:
Leonidas, who penned a viral ālove letterā against the change yesterday, is also one of these bagholders, although heās presenting it more as a philosophical argument about immutability.
On the other hand, many others āstrongly agreeā with this new direction.
Our take
The new proposed system is basically committing to ordering inscriptions based on when they were actually inscribed onchain ā which makes sense to me.
Inscription numbers, like rare sats, were always a vanity metric and we shouldnāt sacrifice much larger innovations to maintain them.
Does this hurt trust? Maybe in the short term, but I think bagholders are overplaying the impact.
Plus, the changes will be tiny. Casey believes numbers might only change 1% from where they were. So virtually all āvaluableā low inscription numbers will still be low inscription numbers.
Finally, you may be asking, āWhy does this matter anywayā¦arenāt Ordinals dead??ā
The answer is, theyāre down but not out. They still make up over 50% of all Bitcoin transactions even today (which is crazy).
And while volume is sleepy, just like it is everywhere else, there are some very interesting innovations coming out shortly that could re-energize builders.
Specifically, keep an eye on Genetic Provenance, which is about to make it a lot easier to build onchain Bitcoin collections.
Given that no one is paying attention to Ordinals right now (this Casey Rodarmor podcast from yesterday only has 400 views lol), it might be a good time to check back in.
Art Blocks just unveiled three Curated drops at once, which is rare.
So put on your art curator monocle and let's dive into the biggest drops the generative art market senpai has for the next quarter.
This Is Not A Rock by Nicole Vella
The first Art Blocks Curated drop revealed was This Is Not A Rock by artist Nicole Vella, who recently released work on Feral File and Bright Moments.
The art showcases (you guessed it) a rock, hovering over the ground, with lines of raw code acting as the background. Posing the question: Is it the code or the image generated by the code that matters?
because unless until by ixnayokay
Iāve previously written at length about my favorite NFT mechanic, time. And this upcoming Art Blocks Curated caters to my craving, standing out from the recently revealed ones.
It features a hypnotic pixelated aesthetic similar to Implications, the artistās last AB drop which moved almost 200 ETH the first few weeks after mint (high for an AB Presents).
The psychedelic animations are combined with a time-based mechanic where the outputs change daily over the course of years. This allows for an endless exploration of the collection ā a concept reminiscent of Matt Kane's Gazers, as referenced in ixnayokay's recent article.
āØ Added to Top 25 āØ
Trichro-matic by MountVitruvius
Closing out the recent Art Blocks Curated reveals is Trichro-matic by MountVitruvius, the second AB release for the London-based artist this year. This follows his successful Renders Game from January.
Inspired by recent improvements to web browser displays, the artist lets color take the wheel, resulting in aesthetically pleasing abstract structures with great depth.
One for the ālooks good on a wallā maxis.
NOTE: These drops are lightly curated. Our only requirement is that they have recognizable founders. As usual, DYOR. To learn more go here.
Animoca Ć Honda: FORMULA 1 Welcome Event
A drop for NFT degenerates and racing enjoyooors to bond over.
Animoca is partnering with multinational giant Honda to release free membership and commemorative NFTs.
Some of these have already been handed out online and at an IRL event today, but there are still free claims left for those who physically visit the Honda booth at the Suzuka Circuit in Japan this week.
One of these free claims, the Honda KEY NFT, is said to offer holders future access to special experiences and events involving the Japanese carmaker.
Courtyard.io Stress Test
CORRECTION: Yesterday we had the wrong description for this drop so hereās the correct info:
Courtyard.io is back with a third Pokemon card drop at a whopping 90% discount compared to the previous ones, which they hope will break the site.
The rules remain unchanged: Each pack contains one random card from the collection, which you can trade unrevealed for the first 24 hours, and every NFT is backed 1:1 by a physical vaulted card, redeemable at any time.
Canāt beat the price and Iām expecting a rather fast sell-out, so Iāveā¦
āØ Added to Top 25 āØ
Team
Giancarlo Chaux ā @GiancarloChaux
Guillermo Martin ā @pikanxiety
Jon Yale ā @JonYale
Tell us what you really think
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