@oygmkktd
“Ordinals, Runes, wBTC: Who Will Dominate Bitcoin's Next Wave ❓”
1⃣️ Different types of assets have emerged in the Bitcoin ecosystem, including bridged BTC and Bitcoin Token Protocol;
2⃣️ Bridged BTC (e.g. wBTC) is the packaging of Bitcoin into tokens on other blockchains for purposes such as DeFi;
3⃣️ Bitcoin token protocols (such as Ordinals and Runes) on the other hand burn digital assets directly onto the Bitcoin blockchain, including NFTs and fungible tokens;
4⃣️ The Bitcoin NFT market is growing and becoming an important asset class in the Bitcoin ecosystem;
5⃣️ Bridging BTCs will face competition, new bridging BTCs may emerge, and token protocols need to be better;
6⃣️ Bitcoin token protocols depend on community interest, are volatile and need further development.
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