Welcome to today's rhythm BlockBeats "Rune + NFT Observation". Today we will start with Rune Observation, because both Runes and Bitcoin images were generally cold in the past week, but this guy has skyrocketed - BAMK•OF•NAKAMOTO•DOLLAR It has risen by nearly 3 times in the past week, and by nearly 90 times from the end of April to the highest point last week. The total market value ranks third, but it should be noted that only 6.25% of the circulation is in circulation, and 93.75% is pre-mined by the project party. BAMK•OF•NAKAMOTO•DOLLAR is the governance token of the Bitcoin mainnet native stablecoin protocol launched by BAMK.FI. The other token is naturally a stablecoin, ticker is NUSD•NUSD•NUSD•NUSD.
There are other Bitcoin native stablecoin protocols based on runes, such as @Ducatstable, and the various technical implementations are clearly written in the white paper. However, bamk.fi's first move once again proved Casey's words "the simpler the better". The current $NUSD (i.e. NUSD•NUSD•NUSD•NUSD rune) is directly anchored to Ethena's $USDe. You can give them $USDe on the official website of bamk.fi, and then they will transfer the NUSD•NUSD•NUSD•NUSD rune to you. It's so simple...
The TVL shown on the official website is already close to 4.2 million US dollars.
Then as long as you hold NUSD•NUSD•NUSD•NUSD, it is equivalent to starting BAMK•OF•NAKAMOTO•DOLLAR mining. 6.25% of BAMK•OF•NAKAMOTO•DOLLAR is used for mining rewards in the first quarter, and is settled in block #886454. After settlement, 31,250 BAMK•OF•NAKAMOTO•DOLLAR are allocated to each block. The unlocking (collection) rate is the same as the mining rate.
Do you think the security is a problem? Anyway, UTXO Mangement, the asset management department of Bitcoin Magazine's parent company BTC Inc, has already invested $1 million. It was this news that brought BAMK•OF•NAKAMOTO•DOLLAR to its all-time high last week.
bamk.fi said that the second phase of the product will be like Ethena, through "delta neutral" hedging to achieve price stability.
You know, BAMK•OF•NAKAMOTO•DOLLAR took 3 days to complete. This operation method of bamk.fi may be learned by many later comers in the future - leaving a part for the on-chain degen, and the official tweet hinted that the first 4 letters of the ticker are B.O.N.D (which also means "bonds"). If you are also zkSync and have once again detonated your aversion to "VC disk", the Bitcoin ecosystem is definitely the best place for you to play now. After all, there will be many opportunities for fair launches like bamk.fi.
It is worth mentioning that bamk.fi also emphasized that it rejected VC investment
Then let's go back to NFT project observation.
Gamma.io is a mainstream Bitcoin NFT trading market. Compared with other Bitcoin NFT trading markets, Gamma focuses more on art. It is Gamma and its "Prints" function that first implemented the Open Edition release like that on Ethereum in the Bitcoin NFT trading market. (Related reading: Ordinals ecosystem is fun again, is the Bitcoin NFT ecosystem returning from "big casino" to "art gallery"?)
This time, Gamma has collaborated with 4 well-known artists to bring the "Gamma Summer Pass". Holders will receive free airdrops from Ordinals OG artist @billyrestey, as well as exclusive casting rights for Ordinals artworks to be released this summer by @Megapont (WeaslyGrizzly) and @otograf_jp (about $20 each). In addition, holders will also get priority experience of the new version of Gamma at the end of this summer.
There will be no public sale of the pass. Only those who have minted at least 3 NFTs on Gamma and hold at least 3 NFTs launched by Gamma before June 6, 2024 are eligible to mint up to 2 Summer Passes at a price of 0.0012 Bitcoin. You can check the whitelist qualification on the Gamma official website. Minting will be open at 0:00 and 12:00 on June 19th, Beijing time, with only a 15-minute minting window at each time point.
Happy summer, Ordinals art lovers.
In last week’s observation, we mentioned the rune NO•ORDINARY•KIND and briefly mentioned the @SeizeCTRL behind it (Related reading: CryptoPunks hits a three-year low, the Ethereum NFT era ends|Rune + NFT Observation 0612). Yes, this is the "n0k" we mentioned last week.
In addition to the above, there are two interesting points about this project. First of all, CTRL will definitely continue to play with the concept of rare satoshis. All 7680 "n0k" will be on 2 Rare Sat (a level lower than epic satoshis). Secondly, in terms of the map opening mechanism, you see the picture above, right? Doesn't it look a bit like... a condom?
Seriously, "n0k" has an "unpacking mechanism". The first time you perform "unpacking", the background, one eye and headdress will be displayed, while the second time you perform "unpacking" will display all the features. I think this is the first time I have seen the manual map opening gameplay on Bitcoin.
One of the core cultures of CTRL is "Fuck Fiat Currency". Well, when you Fuck Fiat Currency, you should also pay attention to insurance... In addition, I really recommend everyone to watch the videos produced by their official Twitter, which are of high quality.
The Ordinals project by the famous meme artist @boldleonidas. Udi Wertheimer, the "Great Wizard" and founder of "Quantum Cats", is a fan of this artist. Udi even said that "Quantum Cats" can break the rule of not accepting whitelist cooperation for this project.
As you can see, Udi's tweet was sent as early as March. This project was announced relatively early, but there was no other information except for occasional updates of preview images. Last week, it was suddenly announced that the total supply was 100 and the minting price was 0.01 Bitcoin, but the tweet was deleted not long after...
Whatever the reason, this project is worth our attention.
This is the project of Ordinals top KOL @Jiurn. In plain words, it is a digital publication publisher + bookstore + library on the Bitcoin chain. It is not clear whether there will be NFTs or runes, but as a project launched by Ordinals top KOL, I think the probability is not small, so keep an eye on it.
@dmtnatomon is a Bitcoin card battle game based on DMT, and 8064 cards will be issued. If you don’t know what DMT is, you can refer to my past article (related reading: Natcats soared tenfold in a week, what exactly is the DMT small picture?).
The DMT track is relatively niche and hardcore, but it also has a certain market. For example, the 9th "The Royals" on the Magic Eden 30-day trading volume list is a DMT project.
Use Bitcoin block data to summon a fairy:)
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