Bored Founders🦄 Will Bitcoin Ordinals be a new NFT?
6 min read

FOMO, Ocean Protocol and web3 news
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February 7, 2023 | Read Online
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😎 GM!

The new episode of the Bored Founders News is here.

You can read about Bitcoin Ordinals, Ocean Protocol, FOMO, Bill Murray party, Super Bowl concert in Roblox, free bitcoin tattoos, and much more.


Enjoy!


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PS.  Learn more about BFC on our Discord
.

Today topics:

🦄 Bitcoin Ordinals

📈 Web3 Express News

😨 Web3 Dictionary - FOMO

🌊 Ocean Protocol

😎 BFC Corner - Bored State

🦄 BITCOIN ORDINALS

Bitcoin ordinals are a way to assign numerical values to satoshis, the smallest unit of Bitcoin, to track and give meaning to them. The ordinal theory is a concept within Bitcoin that allows satoshis to be treated as unique and valuable items that can be inscribed with content, stored in Bitcoin wallets, and transferred through Bitcoin transactions. This has the potential for various innovative use cases, such as creating digital artifacts and decentralized systems.


You can check the latest Inscriptions at https://ordinals.com/. Bitcoin ordinals allow the creation of Digital Artifacts. It’s something like NFTs, but on the Bitcoin blockchain. No one wants to name it non-fungible tokens because of lousy fame and existing regulations. Digital Artifacts are also similar to Digital Collectibles and Digital Assets, which are used as an NFTs synonym.

What is the problem with Bitcoin Ordinals?

The high gas price and speed of all operations. I don’t know if it makes any sense.

What do you think about it? Reply to this mail. 📬


📈 WEB3 EXPRESS NEWS


  • Amazon is looking to hire web3 staff for Cloud Services. Amazon is turning to Web3 for the next generation of its cloud services.

  • When NFT started to become popular, many celebrities created their celeb NFT collection. Is that a good idea? Depends on the result. One of the good ones is the Bill Murray 1000 and a members-only party he organized on a golf course in California.


  • The California Department of Motor Vehicles is putting car titles on the blockchain, a move that combines open-source blockchain Tezos with Oxhead Alpha, a software development firm.

  • The ftNFT is a retail store located in the Mall of the Emirates that allows customers to purchase digital-to-physical items and check out some of the newest innovations in the space. Dubai has been a hub for Web3 developments for a long time. It looks like the next step for furthering web3 adoption.


  • Want to get a free tattoo? Go to Guatemala! A Guatemala-based Bitcoin company, Osmo Wallet, led to the free ink promotion for its clients.

😨 FOMO
(WEB3 DICTIONARY)

FOMO, short for Fear Of Missing Out, is a feeling we all experience from time to time. It's the nagging worry that you're going to miss out on something big, whether it's a party, a concert, or an investment opportunity. When it comes to investing, FOMO can lead to impulsive decisions like buying an asset after its price has skyrocketed, hoping to cash in before it comes crashing down. This is often referred to as "FOMOing in" or "aping in".


FOMO is used to convince potential clients to buy a product. The idea of a limited quantity or a limited-time offer adds to the sense of urgency and the fear of missing out.

FOMO is a powerful force that can make us do things we wouldn't normally do, but it's important to take a step back and consider the consequences before making any hasty decisions.


🌊 OCEAN PROTOCOL

How will AI benefit from Web 3.0 infrastructure?

DALL-E, MidJourney, and ChatGPT - all need to consume a looooooot of data. In the same way as an infant has hands, legs, and a brain, the AI model has an algorithm, but it needs to learn how to use it.

AI developers have used centralized datasets from Kaggle, AWS, or even the FBI. Ocean Protocol is the web3 project aiming to decentralize those and lower the barriers for buyers and suppliers of data.

On Ocean Marketplace, you can encounter diverse datasets that can be bought directly from the supplier without needing an intermediary. Moreover, Ocean Protocol is an open-source project meaning everyone can launch their data marketplaces. Decentralized marketplaces will specialize in geographies, regulatory environments, industries - you name it.

This way, AI developers will have access to more accurate and relevant data, and data owners such as hospitals, small businesses, or single persons will be able to monetize it.

Want to hear more about tokenomics, features, and the team behind Ocean Protocol? Check out Świat Web3 - a weekly newsletter with the best deep dives into web3 projects in Poland (only in Polish). 👉 Source


😎 BORED STATE
(BFC CORNER)


If you're still unsure about joining the Bored Founders News, I want to share with you one of the projects in progress inside BFC. You need to get one of the Bored Founders Club NFT to participate!

The group of interested founders decided to work on implementing Balaji Srinivasan's concept of Network State.

"A network state is a highly aligned online community with a capacity for collective action that crowdfunds territory worldwide and eventually gains diplomatic recognition from pre-existing states."


This is one of the approaches to creating a country, starting from the internet community. There are a lot of exciting ideas on how to do that. If you are interested, join us!


Check out the Bored Founders Show.

You can watch it on YouTube or listen on Spotify.

In the 3rd episode, Bogusz hosts Ben Turtel - the Founder & CEO of Kazm.xyz, a data-driven CRM for Web3. Podcast is about AI, Google, Startups, Building web3 CRM.

The 4th episode will be published soon!


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😎 Thanks for reading today’s mail!

We hope you enjoyed the news that we prepared for you.

Next mail next Tuesday.


DISCLAIMER:

This newsletter is for educational purposes only. Do your own research.