In the early days of 2023, the build-on-Bitcoin trend started gaining traction with the introduction of the Ordinals protocol. This protocol paved the way for a Bitcoin-native version of non-fungible tokens (NFTs), bringing new possibilities to the Bitcoin ecosystem.
Since then, the trend has continued to evolve with platforms like the Runes protocol, which now supports the creation of memecoins and other fungible tokens on top of Bitcoin. Additionally, the introduction of the BitVM computing paradigm has further expanded the capabilities of the Bitcoin network by enabling the execution of smart contracts.
With these developments, the build-on-Bitcoin trend has opened up a world of opportunities for developers and users alike, showcasing the potential for innovation and growth within the Bitcoin ecosystem.
