The art community is pivoting from eth to btc and mETH heads are mad.
https://twitter.com/BitcoinPierre/status/1624520854288666624?s=20&t=wRfLoY7hGOd-6gFORQfqGA
Discussion
I told them in a Spaces last night and today that I don't like Ordinals or NFTs, but I understand the appeal. Bitcoin will be around in 100 years. Ethereum will not be around in 100 years. If you want your artwork to last, this pivot makes sense.
I think theyre not married to a specific tech and just want their art to last into the future. And bitcoins stability and entrenchment fits them. If ordinals are on chain, then they will probably also be interested in off-chain solutions as the fee market pushes most art out. They can move the bulk to cheap instant settlement solutions that still have the roots in the same bitcoin ecosystem.
👍 The best message to artists is to encourage them to host their art on Bitcoin L2, and respect the L1 as an economic liberty layer.
Ultimately because of market forces I believe this is what will happen with the majority of non-financial data tied to Bitcoin. L2 doesn't have the same assurances of durability that L1 has though, so I can understand the desire to inscript on the main chain.