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MR PRO | Are Bitcoin NFTs and L2s The Next Big Thing?
Breaking Down The Stacks Revolution
GM DOers!
Kyle here. š
Bitcoin NFTs are having a momentā¦ again! š
When NFTs launched on Bitcoin earlier this year it took many by surprise.
There was some solid growth initially, but it was hard to understand if this would be something sustainable or just another fad in the crypto space.
After all, if you tried to mint a Bitcoin NFT, the experience felt like minting an NFT on Ethereum back in 2018ā¦ Limited tools to support the technology and a terrible UX. š£
Weāre now a few months into Bitcoin NFTs and there seems to be no signs of slowing down.
Not to mention, some very interesting technologies, projects, and tools are popping up to support the Bitcoin NFT ecosystem.
Stacks has really stood out as a viable layer 2 solution that allows for NFTs and other applications to be built on top of the Bitcoin blockchain.
This has the potential to be a really big deal, considering Bitcoin is the largest cryptocurrency by market cap, has a massive global community, and remains the most decentralized blockchain today. ššŖ
Building on top of an ecosystem like this could prove to be very useful, and the opportunities are exciting.
While itās still VERY early stages, itās large enough that itās worth looking into and understanding.
Thatās why we brought in Chris Sotraidis, the author of the Spatial Awareness Newsletter to give us an overview of whatās happening with Bitcoin NFTs and the new Stacks revolution.
Enjoy! šāļø
Introducingā¦ Stacks
Hey DOers, Iām Chris Sotraidis, and itās a pleasure to be sharing my insights with you today! Letās dig inā¦ š
As the world of blockchain and cryptocurrency continues to evolve, innovative solutions such as the Stacks ecosystem emerge to address the limitations of existing networks.
Stacks brings a new level of utility and functionality to Bitcoin.
In this intro, we will delve into the intricacies of the Stacks ecosystem, its unique tokenomics, the innovative concept of Bitcoin Ordinals, and notable NFT projects building on the platform.
Stacks Ecosystem Overview
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