2 years ago
In a caller occurrence of SlateCast, big Akiba sat down with Danny Yang from OnChainMonkey to sermon assorted aspects of the rapidly evolving crypto space. The speech covered topics specified arsenic OnChainMonkey ‘s unsocial presumption successful Ethereum and Bitcoin ecosystems, the imaginable interaction of NFTs connected bitcoin blockchain bloat, and the contentious contented of royalties for creators.
OnChainMonkey : Merging Art with Blockchain Technology
OnChainMonkey was initially created arsenic an on-chain generative creation task successful September 2021. It became the archetypal on-chain PFP postulation minted successful 1 transaction connected Ethereum. However, the task rapidly evolved into a community-driven endeavor focused connected empowering communities astir causes done NFT technology.
The assemblage down OnChainMonkey follows a acceptable of halfway values known arsenic RISE – Respect, Integrity, Sustainability, and Enrichment. These values usher their actions arsenic they enactment towards creating a affirmative interaction successful the satellite done their initiatives.
NFTs connected Bitcoin: Expanding Block Space Value
As adoption for Ordinals—the protocol enabling NFTs to beryllium minted straight onto Bitcoin—grows, Danny Yang shared his enthusiasm astir expanding artifact abstraction worth by securing high-value integer assets similar creation and collectibles alongside Bitcoin. He believes this improvement volition thrust much users to tally afloat nodes to guarantee the chain.
Yang besides noted however his squad managed to store each 10K images from their postulation utilizing conscionable 20 artifact retention units—a testament to their committedness to mindful utilization of blockchain resources.
Royalties Debate: Adapting Business Models
The podcast discussed caller developments concerning royalties for creators wrong the NFT space. Platforms similar Blur actively question ways to either aggregate oregon region royalties altogether. Yang acknowledged that the concern is simply a “battle” betwixt collectors, creators, assemblage members, and traders.
However, helium remains optimistic astir the aboriginal of royalties successful the industry. While admitting that the lack of royalties would pb to an accommodation successful concern models for creators and communities, Yang believes that caller solutions volition look to code these concerns.
OnChainMonkey’s Upcoming Projects
Looking ahead, OnChainMonkey has respective breathtaking projects lined up. They program to merchandise their “Passport to the Wealthy Digital Nation,” offering members entree to invaluable resources and experiences. Additionally, they person an creation collaboration with generative creator Alexei Andre connected the horizon. The postulation volition usage DNA from OnChainMonkey’s existing works to make awesome caller pieces.
As crypto enthusiasts proceed navigating this analyzable landscape, conversations similar those connected SlateCast supply invaluable insights into emerging technologies and their imaginable interaction connected assorted aspects of our lives.
Don’t miss retired connected this engaging occurrence of SlateCast by watching the podcast successful afloat above, wherever Danny Yang goes into further item astir OnChainMonkey’s projects and shares his thoughts connected different captious developments wrong the crypto space.
The station 10k NFT postulation connected Bitcoin, the large NFT migration? – SlateCast #56 appeared archetypal connected CryptoSlate.
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