Bankless SotN#8 - PUMPED, Introducing: $BAPs! (ETHSCAPE SHIRTS, ETH2 COMING, BULL MARKET MENTALITY)
Aug 5, 2020
Excitement bubbles as the hosts introduce $BAP tokens and unveil the stylish Bankless Apparel, merging fashion with crypto culture. They discuss ETH2's rollout, reflecting on Ethereum's evolution and market dynamics. The conversation touches on the psychology behind bull markets, urging listeners to understand their actual wealth. Engaging community insights and a nod to innovative DeFi platforms keep the energy high, as they challenge listeners to embrace a bankless mindset.
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Bankless Apparel (BAPs)
- Bankless introduces scarce apparel using redeemable tokens on Ethereum.
- These "BAPs" (Bankless Apparel) grant holders a limited-edition Ethscape shirt and potential future virtual items.
Digital Scarcity in Virtual Worlds
- Scarce digital goods like BAPs could represent real-world and virtual items.
- Consider the future utility of these tokens within emerging virtual worlds.
ETH2 Rollout Phases
- ETH2 will roll out in phases, starting with the beacon chain (phase 0), then shard chains (phase 1), and finally the eWASM virtual machine (phase 2).
- Phase 1.5 will merge ETH1 into ETH2, significantly reducing ETH issuance and potentially making it deflationary through EIP-1559.