A trend is emerging where people are creating NFT art on Bitcoin by etching Rune Inscriptions, with some inscriptions numbered from #0. The surge in Rune etchings is attributed to the minting of a 'first is first' 10k Rune inscriptions collection. Additionally, individuals are converting Cryptopunks into Runes with a max supply of 1, potentially introducing a new approach for art editions on Bitcoin.
What’s your take on the new token standard on Bitcoin: Runes?
"Rune Punks" and "Crypto Punks on Runes" are etching simultaneously. https://t.co/Ufd7yBG8qi
rune punk etchings are basically treating runes as erc1155 with a supply of 1. by increasing the supply to 10 or 100 but keeping divisibility at 1, could this be a new approach for art editions on bitcoin?
BREAKING: People are mass etching thousands of Punks into Bitcoin as Runes with a max supply of 1 View newest etches here: → https://t.co/eIkcq9tVFu https://t.co/dAYTQITtyV
All roads lead back to punks. People are etching 1/1 Cryptopunks and essentially creating the first 10k runes collection. h/t @tnols82 https://t.co/pjVzeu0Kkx
We've had more Rune etchings in the last hour than we've ever had in any hour since the Bitcoin halving. Even more than the first hour of the halving. This is all because of this degen mint to be the first "first is first" 10k Rune inscriptions "collection." (Not counting the… https://t.co/O4VRCikyc1
Rune Inscriptions 👀 Starting to see "Rune Inscriptions" being used to create NFT art on Bitcoin. These are inscriptions created during the etching of a new Rune. And they are numbered from #0!👈 This is Rune Inscription #687 for the rune, ONCHAINMONKEY (Rune #687). https://t.co/bUXbGev5pw