Culture on Bitcoin. That's the tweet.

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 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

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.

Gaming. Gaming dominates the Dapp scene with an average of 758k+ daily active wallets, a 6% growth. It maintains a 37% dominance in Web3. The interplay between NFTs and gaming is evident. There'll be more NFTs' integration into the gaming world. 2/9

Web3 Revival. In August alone, daily unique active wallets (UAWs) in Dapps crossed 2 million, marking a 17% MoM growth. NFTs & SocialFi also experience some strong growth in their daily UAWs. Only DeFi experienced a slight drop. Signs of Uptober? Let's explore further👇. 1/.

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.

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

Token-Equity Adoption. Tokens are emerging as a new form of capital formation as the crypto market matures. Its growth has taken the shape of equities in the past. 💡Identifying tokens with robust fundamentals, product-market fit, & sustainable economics is key. 3/9.

The US Brawl. Major changes may be underway for the US crypto ecosystem. Recent court decisions, such as @Grayscale's Bitcoin ETF victory against the @SECGov, are promising. It may be the pathway to @BlackRock's & other institutional giants' Bitcoin ETF approval. 2/9.

Space Standstill. The Web3 space is nearly at a standstill. The crypto king price oscillates between a relatively close price range. Nothing exciting is currently rocking the space. But that doesn't mean some KEY events are not cooking BTS that could cause a seismic shift. 1/9.

⏺ 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.

⏺ More Bitcoin Utility. Bitcoin Ordinals can be used to create digital collectibles in the form of:.• Text.• Code.• Video.• Audio.• Games.• Dapps etcetera. Each satoshi can be used for different purposes now, individually, which means more use cases per Bitcoin. 3/7.

⏺ 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.

Ordinals have revived the builders' mentality the Bitcoin community once had and it's become a major catalyst of Bitcoin adoption. It's awesome & Here are 6 reasons why we're bullish on the Ordinals Protocol ⤵. 1/7.

The Potential. This asset category will likely keep growing because of the advantages it brings to illiquid RWA, including:. • Increased Liquidity.• Fractional Ownership.• 24/7 Market Availability.• Global Asset Ownership.• Enhanced Market Efficiency. 6/8.

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.

@binance @BCG @BinanceResearch Growing Fast!. In early 2023, RWA TVL stood at $100M. Now, it's ranked among the top 8 DeFi categories with a TVL of about $1.3B. Token holders have also more than doubled their count. • Just about 18K holders, 1 year ago. • Over 43k as at 3rd of September, 2023. 4/8

The Tokenization Process. Different assets go through different processes to be minted on-chain. But the tokenization process can be generalized as shown👇. 3/8

Bringing RWAs On-chain. For RWAs to be on-chain, ownership & representation must be accounted for through the blockchain. This is achieved through a Tokenization process. What is Tokenization?.Simply put, it's creating a blockchain-based token representation of the asset. 2/8.