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Why Bitcoin Ecosystem?
Words from the founder of XPUNKNFTs , onXRPdotcom , UNIXPUNKS & @edendotgame | @Forbes Contributor
Met with founder of Xpunks, and here is what he has to say about the project before we proceeded into the questions, “One of our major initiatives involves Eden, which is a gaming metaverse. We're making significant strides in the gaming sector. Additionally, with Xpunks, we host Techno Raves, which are live events aimed at bringing new participants on board and fostering a sense of community within our own community. We refer to this concept as ‘ThePunkHouse.' The most recent exciting development is our plan to send our entire collection to the Moon, the physical Moon! We've secured a spot on a SpaceX rocket and will be part of a NASA mission. In this historic endeavor, our artwork, totaling 10,000 pieces, will be engraved in the first-ever Museum on the Moon known as the Luna Price Museum. This momentous event is set to launch this month.”
What led you to integrate Bitcoin into your NFT project, and how has this decision impacted your project's success?
Integrating Bitcoin into our project was an obvious choice for us. I have a strong appreciation for Bitcoin, particularly because of its decentralization. What sets Bitcoin apart is that it operates without a central entity, such as a corporation or foundation, dictating its fate. Instead, it's the collective ecosystem and its builders who influence Bitcoin's future, and I find this decentralized aspect truly captivating.I view our participation in Bitcoin as a momentous opportunity. To celebrate this, we initiated an experiment where we offered 100 NFTs to our community. These NFTs were gifted to 100 individuals who have consistently added value to our overarching brand and community. We distributed them for free through the innovative MagicEden launch pad.
The response to this initiative has been overwhelmingly positive. This move wasn't about capitalizing on a hyped market since we understand that trends can be unpredictable. Instead, our primary goal was to establish a strong foundation for our project and gain exposure in the Bitcoin industry, even during less hyped times.
The result has been nothing short of success, with the community expressing its enthusiasm for this integration. We've witnessed significant growth, and it's clear that the community is fully on board with this decision.
Challenges And Opportunities Gotten In The Btc Ecosystem
We haven't encountered many challenges so far. We have a broad network of builders in the Bitcoin space, and this initial move gained significant traction. Our brand has now extended to Bitcoin, but it's not an ongoing commitment. It's more about offering memorabilia to those who own an ordinal from us, as it's part of our existing collection. To balance it out, we burned 100 pieces on the XRP Ledger. The launch went smoothly using the Magic Eden launch pad, and we've been doing well ever since.It's quite rare to find founders who haven't faced more challenges in the Bitcoin ecosystem, as many find it taxing.
How does the Bitcoin ecosystem influence the Nft space and what are the opportunities that has offered for Nft projects?
As I mentioned earlier, the builder market offers immense opportunities for those who wish to create something valuable. When I talk about 'value,' I mean something that benefits the entire ecosystem, not just extracting value for personal gain. The real potential with Bitcoin lies in being part of a blockchain that's likely to outlast all others and consistently leads the way.The opportunity, particularly concerning programmability, is significant. There are ongoing efforts to integrate smart contract functionality into Bitcoin, which could spell trouble for Ethereum. Ethereum's sluggishness and high costs are its drawbacks, and Bitcoin shares these issues. However, the one missing element in Bitcoin is smart contracts.
If Bitcoin successfully incorporates smart contracts at the protocol level in a secure manner, it could outshine other chains, except for those focused on efficiency, speed, and low transaction costs, like the XRP Ledger. That's why we are involved in both chains, as we envision a future where only a handful of dominant chains exist, as opposed to the current landscape with dozens. Bitcoin will undoubtedly be among them, and when smart contracts become a reality, the fate of blockchain will be significantly shaped, especially on Bitcoin.
Building is fun and it is not also fun. It all depends on how you view it.
In conclusion, I hope this article has provided you with valuable insights and perspectives on the importance of community in web 3.0. Your support and engagement mean the world to me, and I'm grateful for the opportunity to share my thoughts and knowledge with you. As always, I welcome your feedback, questions, and ideas for future articles. Together, we can continue exploring and learning in this web 3.0 space. Thank you for being a part of this journey, and I look forward to our continued exploration in the next article. Stay curious, stay inspired, and stay engaged!
Amazing interview!
Brad is a champ when it comes to building. Super happy he is having his collection taken to the space