Why All 10,000 OnChainMonkey NFTs Will Move From Ethereum to Bitcoin - Ep. 548

Unchained

Laura Shin

News, Tech News, Business News

4.6 • 1.3K Ratings

🗓️ 26 September 2023

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Bitcoin Ordinals have exploded in popularity since their launch by developer Casey Rodarmor in January, changing the NFT game with millions of inscriptions to date. But what comes next for Bitcoin-based digital artifacts? Danny Yang and Bill Tai, cofounders of Metagood and creators of NFT collection OnChainMonkey, discuss why they will move OnChainMonkey from Ethereum to Bitcoin, Rodarmor’s proposal to change the Ordinals inscription numbering system, and why they believe more creators should consider moving to Bitcoin. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Show highlights: How the idea for Metagood came up What is give-to-earn and how it is used to reward OnChainMonkey holders The differences between Ethereum versus Bitcoin when it comes to digital assets The creative potential of Bitcoin Ordinals Why OnChainMonkey will move from Ethereum to Bitcoin Thoughts on Casey Rodarmor’s Bitcoin Ordinals proposal to change the inscription numbering system What are recursive inscriptions How to convince NFT creators to leave other blockchains for Bitcoin Thank you to our sponsors! Crypto.com Arbitrum Foundation LayerZero Toku Guest: Bill Tai, cofounder of Metagood and creator of OnChainMonkey Previous appearances on Unchained: https://unchainedcrypto.com/maitai-globals-bill-tai-on-why-blockchain-is-the-6th-wave-of-technology/ Danny Yang, cofounder of Metagood and creator of OnChainMonkey Links Unchained: MaiTai Global’s Bill Tai On Why Blockchain Is The 6th Wave Of Technology Bitcoin Ordinals Creators Propose Changing Inscriptions Numbering What Are BRC-20 Tokens? A Brief Introduction Was Bitcoin Creator Satoshi Pro-NFTs? Bitcoin Ordinals Inscriptions Surge Past 2.7 Million How to Create a Bitcoin Ordinal Elsewhere: Bitcoin Ordinals Trading Is Down Bad—But Just How Bad? A New Frontier for Bitcoin? Recursive Inscriptions Explained ‘NFTs will win on Bitcoin’ — OnChainMonkey NFT collection ditches Ethereum Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	One of the things people are worried about with images being put on Bitcoin, how it can really slow down or prevent other people from sending
0:09.0	monetary transactions on Bitcoin. But we're showing that with efficient coding, you can actually have the best of both worlds.
0:20.0	Hi, everyone. Welcome to Unchained, your no-hype resource for all things crypto. I'm your host, Laura Shin, author of The Cryptopians.
0:28.0	I started covering crypto eight years ago, and as the senior editor Forbes was the first mainstream meter printer to cover cryptocurrency fall time.
0:35.0	This is the September 26th, 2023 episode of Unchained.
0:40.0	Toku makes implementing global token compensation and incentive awards simple. With Toku, you get unmatched legal and tax tech support to grant and administer your global team's tokens.
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1:17.0	Arbitram's leading Layer 2 scaling solutions can provide you with lightning fast transactions at a fraction of the cost, all while ensuring security rooted on Ethereum.
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1:43.0	Download the Crypto.com app and get $25 with the code Laura. Link in the description.
1:49.0	Today's guests are Danny Yang and Bill Tai, co-founders of MedaGood and creators of OnchainMonkey. Welcome, Danny and Bill.
1:56.0	Hey, Laura. Great to be here. Thank you, Laura. I'm honored to be here again.
2:00.0	Bill, you were my third guest if I remember correctly, so...
2:04.0	Yeah, I'm pleasure to have you back.
2:06.0	It's part of the industry kind of at the Necker blockchain summit.
2:10.0	I know. I can't believe that was over seven years ago now, but anyway.
2:16.0	So part of the reason that I brought you to here was to discuss some recent issues.
2:21.0	You could call them in the Bitcoin Ordinals world, and it affects you as creators.
	...

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