Key Points
- The Ordinals/Runes ecosystem is celebrating an important milestone of reaching over a million users.
- Xverse Bitcoin wallet for Web3 just announced surpassing a million downloads.
The frenzy around Ordinals/Runes continues, and Leonidas, the Ordinals developer and creator of Runestones, has just announced an important milestone on X.
He just shared a post highlighting that the Ordinals/Runes ecosystem now has more than a million users. He also highlighted his appreciation to everyone who is on board this important journey.
Xverse Bitcoin wallet for Web3 has just surpassed a million downloads.
https://twitter.com/LeonidasNFT/status/1782755905248895007
Xverse is an app that allows storing all Bitcoin assets in a single place. It is available on iOS, Android and Chrome on desktop. Via the app, users can store, send, and receive digital collectibles in Xverse, and they can also enjoy the highest level of security with the built-in Ledger support.
Xverse is the leading Bitcoin wallet for Ordinals, BRC20, STX, and Rare Sats. Users can easily swap tokens, access Ordinal marketplaces and Bitcoin DeFi apps, and securely store assets offline via Ledger.
Optimistic predicitons for Runes’ evolution
A few hours ago, on his X account, Leonidas also shared his optimistic predicitons about Runes.
He said that the Runes protocol would be used by “the hardcore tech savvy degens” while “the masses fade complaining that the US sucks.” He says that midfluencers will pass on Runes as well.
Next, he predicts that the UX will start to get better, and there will also be some impressive CEX listings while foreseeing Runes achieving billion-dollar MCAPs.
He predicts that the Runes market will get ahead of itself at some point, and that’s when we’ll see a correction that will only cause market consolidation.
He concludes by stating that the builders will continue building until the infrastructure and the UX get good enough that the projects can onboard a new wave of less tech-savvy more mainstream degens who will make the early Runes adopters millionaires.
He says that he already knows how all this will play out because we can simply replace the word Runes with Ordinals, and it all becomes a history lesson.
Here is how Runes will play out:
1. The Runes protocol drops and the hardcore tech savvy degens use it but the masses fade complaining that the UX sucks and also the midfluencers will do what they do best and pass on Runes
2. The UX starts to get better and there are some large…
— Leonidas (@LeonidasNFT) April 23, 2024
At the end of his post, Leonidas said that Ordinals are just NFTs on Bitcoin and Runes are simply memecoins on Bitcoin.
Magic Eden announced the launch of a new platform for Bitcoin Runes
Recently, Magic Eden, the NFT marketplace, has announced the launch of a new platform for Bitcoin Runes.
The platform, currently in beta, facilitates users to trade for Bitcoin (BTC) and purchase Runes and Ordinals using their Magic Eden wallet.
The platform will feature a Swaps View that enables users to specify a particular BTC amount they wish to spend when purchasing Runes. The release of this product was initially planned for April 23, but it was finished ahead of schedule.
