NFT’s Biggest Company Is Coming to Bitcoin Ordinals

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 1 March 2023

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

In today’s episode, aside from fist-shaking at SEC Chairman Gary Gensler, NLW discusses an announcement from Bored Ape Yacht Club creator, Yuga Labs, that it is creating a generative art collection for Bitcoin with Ordinal inscriptions. As part of an emerging Bitcoin Builder moment, he argues, the move makes sense. Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW - “The Breakdown” is written, produced and narrated by Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh. Image credit: Noam Galai/ Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.2	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:15.3	The breakdown is produced and distributed by CoinDes.
0:20.3	What's going on, guys? It is Tuesday, February 28th, the last day of this short month.
0:26.2	And today, we are talking about how the best known NFT creator is coming to Bitcoin
0:32.1	Ordinals. Before we dive into that, however, if you are enjoying the breakdown,
0:36.1	please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation,
0:41.2	come join us on the breakers discord. You can find a link in the show notes or go to bit.ly slash
0:45.6	breakdown pod. All right, guys, well, I got to be honest. I am very, very sick of constant
0:53.3	regulatory stories. There's no doubt it's the most significant
0:57.0	thing happening in crypto right now, and even today, there are so many things that we could
1:01.5	discuss on that front. Robin Hood revealed via their 10K annual report that the SEC had subpoenaed
1:07.7	them shortly after FTX filed for bankruptcy, and they say that they're
1:11.1	currently cooperating with all investigations.
1:13.8	That Illinois version of the Bit License that I mentioned a couple weeks ago that some lawyers
1:17.9	called the most ill-conceived piece of crypto legislation they'd ever seen is moving forward,
1:22.7	with one of the sponsors saying, quote, it's not just a trial balloon that's being floated.
1:27.2	I think there's momentum to be able to coales a trial balloon that's being floated. I think there's
1:27.7	momentum to be able to coalesce behind something that will protect the residents of Illinois.
1:32.7	Then we've got new proposed rules from a UK banking regulator about how financial institutions
1:37.4	in that country can and can't interact with digital assets. Then there are Voyager assets moving
1:42.7	around, which is raising some pretty
	...

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