It’s not even a new way of this doing this. It’s OP_RETURN colored coins, which is what Omni was doing 11 years ago. Their website and explorer looks better than the trash made for ordinals and runes. There is zero innovation, but 100% spam. We have seen it before — but never as well funded.

ZezzebbulTheMysterious

bitcoin

Thoughts on ordinals and runes (probably not popular, but thoughts)

crrdlx

I guess by innovation I was talking about something different than pics on chain, not sure what, something that hasn't been done before.

I'd still sat ordinals and runes are clever in that someone figured it out. Tokens aren't new, doing this way is. 

I think 99% of the tokens will be nothing and sadly people will lose money. I think excitement will wane. But an alternate unimagined innovation may be out there.