Bitcoin Halving Spurs Fierce Competition for First Runes Mint

As the Bitcoin halving approaches, developers and collectors vie for the first Runes, a new token protocol, expecting significant market value.

The Bitcoin halving is set to launch the new Runes token protocol, sparking a race among developers to mint the first tokens.
Runes, developed by Casey Rodarmor, builds on the Ordinals protocol, allowing users to etch tokens directly on the Bitcoin blockchain.
Collectors and developers are anticipated to spend millions in fees to secure early Runes due to their expected high market value.
The halving will also impact existing Bitcoin assets like Ordinals and BRC-20 tokens, with potential price increases due to reduced BTC supply.
High network fees expected post-halving could make Bitcoin assets more exclusive, affecting the accessibility and momentum of new projects.