Runestone (RUNESTONE) is an intriguing NFT collection that merges the world of Bitcoin with digital art. Let’s explore the details:

1. Background:

Ordinals Protocol: Runestone is closely tied to the Ordinals Protocol, which initially introduced NFT-like “inscriptions” on the Bitcoin network. These inscriptions allowed trading digital art and collectibles directly on the Bitcoin blockchain.

Fungible Tokens: Unlike the non-fungible inscriptions of Ordinals, Runestone focuses on creating fungible tokens within Bitcoin’s Unspent Transaction Output (UTXO) model.

2. Key Aspects of Runestone:

Definition: Runestone is an open-source, transparent, volunteer, and decentralized initiative.

Rewarding Participants: It aims to reward people who participated in the first year of the Ordinals Protocol.

NFT Collection: Runestone operates as an NFT collection, offering a unique experience to Bitcoin users.

Market Stats:

Price Floor: The current price floor for Runestone is approximately $5,047.46.

Sales Volume: Over the last 24 hours, there have been sales totaling 6.03 BTC.

Total NFTs Minted: A total of 112,400 NFTs exist in the Runestone collection.

Unique Owners: These NFTs are held by 76,608 unique owners.

Market Cap: The total market cap of Runestone stands at $567,334,273.

3. Where to Buy and Sell:

You can trade Runestone (RUNESTONE) on MagicEden, OKX.

4. Historical Significance:

Runestones draw inspiration from their ancient counterparts—raised stones with runic inscriptions.
While most runestones were erected in Scandinavia, Runestone NFTs bring this tradition into the digital realm. Their vibrant colors have faded over time, but their historical value remains.

In summary, Runestone innovates by creating fungible tokens on the Bitcoin network, rewarding early supporters, and bridging the gap between art and technology. 🚀🔮

#Runestone #bitcoin #BTC $BTC

#NFT MARKET OVERVIEW

TOP COLLECTION
#Runestone - 24H Volume $7.57M

TOP SALE
#AINNRuneStar - $122.30K

TOP MARKETPLACE
#MagicEden - 24H Volume $25.81M

via @LeonidasNFT on X

The #Runestone #airdrop is imminent!

Make sure you are prepared to get stoned:

1. Check if your Ordinals address will receive a Runestone: https://runestone.lfg.cash
2. Join the Discord: http://discord.gg/runestone

Having interacted with individuals from approximately 130 countries, I hold deep respect for the diverse cultures and ethnicities worldwide. Meme, as a dynamic and intriguing token, has the potential to bridge connections across borders. However, it's crucial to acknowledge that the technology in this industry still requires refinement, with various pitfalls such as scams and Ponzi schemes prevalent.
Initially, my entry into this industry filled me with excitement and the ambition to leave a mark in history. Yet, over time, I encountered moments of disillusionment and despair. However, amidst the challenges, I discovered numerous outstanding, genuine, and skilled individuals silently working to improve the industry. I consider myself fortunate to collaborate with such remarkable people towards enhancing the sector. 🌐
Despite my current limited influence, I remain hopeful that collective unity can propel the industry towards positive growth. Let's strive to return to the industry's roots, leveraging technology to enrich lives and contribute meaningfully to humanity's progress. 📈
#WIF #BOME #icp #slerf #Runestone $BTC $BNB 🌐🚀🤝

#Rune If someone follow me yesterday he got too much profit today. Rune is still looking good still we can get profit if we investing on right time and Exit on right time . have a nice day friends
#TrendingTopic #Rune #Aevo #Runestone

#NFT MARKET OVERVIEW

TOP COLLECTION
#Runestone - 24H Volume $6.97M

TOP SALE
#CruptoPunk #5051- $214.10K

TOP MARKETPLACE
#MagicEden - 24H Volume $21.31M

#Runestone , a volunteer initiative to reward the year one #Ordinals community, is preparing for an #airdrop . To proceed, they need six more people to contribute 0.15 #BTC each to cover network fees. The project is currently 80% complete, with art finished, and 112,383 Runestones ready for distribution to eligible Ordinals addresses. The initiative emphasizes transparency and warns against potential scams, urging contributors to confirm the authenticity of messages. Runestone operates without a team allocation, relying on community support. Donations solely cover network fees, and any excess funds will be returned. Contributors receive no extra allocation or special benefits. The call is for 15 people/projects to commit #0.15BTC each for necessary network fees. The absence of a public donation address is intentional to prevent accidental overfunding, and individuals are cautioned against pooling funds or responding to shared addresses due to potential scams. The project depends on community support, and those willing to contribute are requested to express their interest.

by @LeonidasNFT on X

🚨 Top 12 Crypto News in The Last Couple of Hours

1️⃣#Ethereum Co-Founder Vitalik Buterin Suggests Recovery Fork to Counter #Quantum Attacks

2️⃣The #Runestone #63140674 Auctioned for 8 #BTC, Equivalent to $556,000

3️⃣#Konstantin Ignatov Released From Prison After Serving Time for OneCoin Fraud

4️⃣#Federal Reserve is likely to maintain interest rates in the range of #5.25% to #5.50% in March, with a probability of 96.0%.

5️⃣#SEC Yet to Comment on Ethereum #ETF Applications, Analyst Says

6️⃣#Tether has minted 2 billion USDT on the #Ethereum network in two transactions within a span of five hours

7️⃣#MakerDAO Founder Rune Christensen Buys 1008 #MKR Tokens Worth $2.43 Million

8️⃣#Pepe The Frog Creator's NFT Project Peplicator By Matt Furie Sees Floor Price Rise

9️⃣#Kevin Rose Suspected of Selling NFT Holdings and Transferring ENS Domains to Burn Addresses

🔟#Unisat Completes BRC-20 And BRC-20 Swap Update, Launches Proposal For Self-Minting And Destruction Functions

1️⃣1️⃣ #Bitcoin Breaks Through $69,000 Mark

1️⃣2️⃣ #BNB Surpasses 490 USDT with a 1.20% Increase in 24 Hours

Stay updated with the latest crypto news!

(Ord.io on X)

#Runestone just mined a second 3.99 MB block 43 mins ago!

It's the largest #Bitcoin block to ever be mined and contains the Runestone child inscription:

Liquidium, a platform on the Bitcoin blockchain, has launched a closed beta version of Rune lending, allowing users to lend Rune positions on the Bitcoin blockchain.

#liquidium #bitcoin $BTC #blockchain #Runestone #TopCoinsJune2024

🏰 New Code ✨ 10/03/2024

🎈 Do You Want Some Free USDT?

😧Code: BPYIXLMSOS

♔ Final Date: 1 April , 2024

👥 Just 500 People Have Used This Code
New

#TrendingTopic!  #Aevo  #Runestone  #WIFListing  #HalvingHorizons

Magic Eden posted on the X platform that it will launch the Runes platform on April 23.

#MagicEden #NFT #Runes #Runestone #Megadrop

(mononautical on X)

Marathon's new Slipstream service just broke the record for the largest ever #Bitcoin block, measured in raw bytes, clocking in at 3,990.36 kB.

It contains the largest ever single transaction, at 3988.96 kB, a large image inscription related to the #Runestone airdrop.

Note that these aren't the largest ever block and transaction by weight, those titles are firmly held by #F2Pool
$BTC #BTC

via @RuneAlpha_btc on X

#Runealpha has joined the 0.15 #BTC donators for #Runestone to cover network fees for #inscribing /distribution
In the future, RuneAlpha & all #Cook holders are all in to back Runestone aiming to rock it on Rune.
▓▓▓▓▓▓▓▓░ 90%

Leonidas, the developer behind Ordinals, recently shared on social media that there has been some confusion regarding Runestone. While many initially perceived it as an NFT collectible, Leonidas believes that within a month, the prevailing perception will shift, and Runestone will be recognized as a Memecoin.

#Runestone #Memecoins #ordinals

Runes is a novel protocol developed by Casey Rodarmor, the mind behind Ordinals, another Bitcoin-based protocol. Let’s dive into the details:

1. Background:

Ordinals: Casey Rodarmor introduced Ordinals, which allowed creating NFT-like “inscriptions” on the Bitcoin network. These inscriptions enabled trading digital art and collectibles directly on the Bitcoin blockchain.

Runes: Runes builds upon Ordinals but focuses on creating fungible tokens (unlike non-fungible inscriptions). These fungible tokens operate within Bitcoin’s Unspent Transaction Output (UTXO) model.

2. What Are Runes?:

Definition: Runes are a Bitcoin fungible token protocol designed to compete with existing standards like BRC-20, Taproot Assets, RGB, Counterparty, and Omni Layer.

Purpose: Runes simplify the process of creating native fungible tokens on the Bitcoin network.

3. How Runes Work:

Fungibility: Runes are interchangeable, similar to digital dollars. They can be traded seamlessly.

UTXO Model: Unlike some other chains (like Ethereum), Runes use the UTXO model—the same model as Bitcoin itself. This model is considered superior by many Bitcoiners.

On-Chain: Runes operate entirely on-chain, avoiding reliance on off-chain data.

Creating Tokens:

Issuer: The issuer creates a token.

Minting: The issuer sets a limit for how many tokens someone can mint in a single transaction.

Bitcoin Fees: Runes use Bitcoin and pay fees in Bitcoin to create new tokens.

4. Halving and Hype:

Timing: Runes are set to launch during the Bitcoin halving, which occurs when miner rewards are cut in half (currently scheduled for April 20).

Anticipation: Despite not being live yet, Runes is already generating significant hype and attention.

In summary, Runes provides a more efficient way to create fungible tokens on Bitcoin, leveraging the UTXO model and staying fully on-chain. It’s an exciting development for the crypto community! 🚀🔮

#runes #Runestone #btc #bitcoin $BTC

2024.4.9

RUNES ecosystem has the most capital inflow, Atomical ecosystem is still consolidating, and RGB++ ecosystem has just started and is doing well. Now, BRC20 leader and Bitcoin ecosystem originator Ordi seems to be undervalued, I see 300 dollars.

#Runestone #ORDI，

#NFT MARKET OVERVIEW

TOP COLLECTION
#Runestone - 24H Volume $3.81M

TOP SALE
#CryptoPunks #58 - $618.87K

TOP MARKETPLACE
#MagicEden - 24H Volume $15.66M

Empower the evolution of crypto with "Forge TNS" nestled within the depths of Chain $RUNE

Pioneering the inaugural #ENS Name ! Our commitment to progress is unwavering, driving us to shape a destiny where Forge TNS stands as a beacon of transformation in the world of cryptocurrency.

#MicroStrategy #Runestone