“Ethereum’s high costs and significant network congestion will cause it to take a backseat as Bitcoin-based projects, like Rune, will redirect meme coin hype to the Bitcoin ecosystem because of the novelty,” Lipinski said. “The BRC-20 (Ordinals NFT) standard is likely to be overtaken by Runes, which is expected to launch on the day of the halving.”
Web3 in the Middle East: Do All Roads Lead to Riyadh?
With a young population, enormous government funding and the hope of favorable regulation, expectations are high that Saudi Arabia will...