The Block Runner Crypto Podcast

186. TBR - Why Ordinals Are Better Than NFTs | Interview w/ Danny Yang of Metagood OnChainMonkeys

Nov 13, 2023

Expert Danny Yang joins hosts Iman and Will to discuss recent developments in the Ordinals ecosystem, potential issues with Bitcoin, and the future of web3. They explore Danny's origin story in web3, the unique features of an on-chain monkey collection on Ethereum, the advantages of using Bitcoin for storing value and assets, the importance of fees in securing the network, and the upcoming OCM Genesis art collection on Bitcoin.

01:08:07

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Episode guests

Danny Yang

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Episode notes

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Quick takeaways

The Ordinals ecosystem addresses increasing fees and potential issues with Bitcoin, offering a solution for securing digital assets on the Bitcoin blockchain.

Digital art created on-chain using recursive inscriptions has the power to empower networks and communities within the crypto community.

The importance of fees in supporting the security of Bitcoin and the shift towards layer 2 solutions to accommodate high-value NFTs and tokens.

Deep dives

Danny Yang's Origin Story in Web3

Danny Yang, co-founder and CEO of On Chain Monkeys and Medi-Good, shares his background and how he got into Bitcoin and the web3 space. He discusses his computer science background and interest in AI and big data. He talks about meeting Charlie Lee, creator of Litecoin, and getting involved in the Bitcoin and crypto community. He also shares his experiences launching crypto companies, exploring Ethereum, and his current focus on leveraging crypto to empower networks and communities.

Introduction

2min

Crypto Beginnings and Bitcoin Community

10min

Exploring the History and Technical Aspects of an On-Chain Monkey Collection on Ethereum

3min

Creating a Collectible Distribution of Digital Art on Ethereum

13min

Building on Layer 2 and the Importance of Fees

20min

Importance of Contributions to Ordinals and Upcoming Satin Point

11min

OCM Genesis: Exploring a 10K Collection of Art on Bitcoin

8min

In this episode of TBR 1 hr Podcasts, hosts Iman and Will are joined by guest Danny Yang to delve into the world of Bitcoin and cryptocurrency. They discuss recent developments in the Ordinals ecosystem, including the increasing fees and potential issues with Bitcoin. Danny shares his background in Bitcoin and cryptocurrency ventures, highlighting his current company, Metagood. The conversation also touches on crypto art, the background in cryptography when getting into Bitcoin, early use cases, and the transition of crypto punks to on-chain art. The discussion further delves into the Ordinals protocol and its capabilities for securing digital assets on the Bitcoin blockchain. They touch on the importance of fees in supporting the security of Bitcoin and the push towards Layer 2 solutions. The conversation also goes into how On Chain Monkeys, Metagood’s flagship PFP project, plans to convert all of their Ethereum NFTs into Bitcoin Ordinals.

Topics:

First up, Danny goes over his origin story on how he got into web3
Next, Danny discusses recent developments in the Ordinals ecosystem, including the increasing fees and potential issues with Bitcoin
Then, we ask what Metagood is up to
and Finally, Danny reveals his feelings on the future of web3

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