A Brief Explanation of Heroglyphs (4 minute read)
Heroglyphs is a new token protocol on Ethereum that only allows validators to mint tokens. This not only incentivizes decentralization, but also creates an aura of prestige around each token due to the commitment required to create one. Like Runes or Ordinals, Heroglyphs are created by inscribing data into a block, with minting rewards shared equally between all validators. Rights to mint and manage tokens can only be leased using a Herberger tax model, meaning anyone can pay more and take the ticker.
Are Bored Apes Dead? (2 minute read)
The Bored Ape Yacht Club NFT collection floor price is at 10 ETH – down 92% from its April 2022 all-time high. There were numerous reasons for the decline, including interest in other collections, the NFT market downturn, and a lack of cohesive strategy from creator Yuga Labs. Going forward, the launch of the Otherside metaverse, the return of Yuga's co-founder as the CEO, and the consolidation of Yuga's IP could revitalize the project.