Building Bitcoin Culture
Dubai, UAE
Joined April 2023
- Tweets180
- Following19
- Followers558
- Likes339
We are excited to support visionary builders unlocking the way tokenized culture is traded on Bitcoin.
@funkybit_fun offers major unlocks in the Bitcoin user experience for trading and issuing layer 1 assets.
Looking forward to Mainnet soon⌛
DeFi
DeFi commands 24% of Dapp activity & is still the most popular niche of Web3.
6 out of the top 10 Dapps by UAW in August 2023 are from the DeFi ecosystem.
Stargate Finance leads with 1.87 million UAW, highlighting DeFi's pivotal role in the blockchain community.
3/9
DeFi TVL dipped 5% but Ethereum still maintains a 71% share.
Popular L2's like @arbitrum & @optimismFND are making waves
@BuildOnBase, the @coinbase Layer-2 blockchain, saw an astonishing 946% TVL increase.
New developments & legal wins keep the DeFi sector interesting.
4/9
Token Investment - A Focus On The Fundamentals
Traditional investment models are now being applied to token procurement to get the gems.
Involves:
• Fundamental analysis
• Evaluating business quality
• Assessing unit economics &
• Scrutinizing the management team.
4/9
The @BlackRock Bitcoin ETF
A signal to the sustainability of the digital assets.
The time & aggressive intentional effort of @BlackRock Bitcoin ETF application only suggests they've done their homework.
A spark for a new wave of investor interest in Bitcoin & other ETFs.
5/9
⏺ Bitcoin Education.
To understand ordinals, one must educate himself about the nitty-gritty of Bitcoin technology.
The Ordinals theory will be explored thoroughly in academic institutions and experimented with further. Just a matter of time!
There's more interest now!
5/7
⏺ Increased Bitcoin Scarcity
Ordinals are created by attaching metadata to individual satoshis.
Therefore, less availability as each sat can find a different purpose besides payment.
You know what this means for Bitcoin value. It solidifies its place as digital gold.
2/7
Market Projections
The @BCG group estimates that the tokenization of global illiquid assets will be a $16T market by 2030.
Relative to the total value of global assets, $900T, this is a tiny fraction.
💡 The global crypto market is currently just above $1T.
5/8