![[AMA & Giveaway] We're Doge Labs - the primary infrastructure provider for Dogecoin Ordinals (Doginals). Ask us about Ordinals, Dogecoin, or both! EVERY question asked wins a unique Dogecoin Identity PFP on Doginals.](https://b.thumbs.redditmedia.com/wTH8DWvX0R1V-INTN0FkzOt-hIR4kIut8z73drwk_IE.jpg "[AMA & Giveaway] We're Doge Labs - the primary infrastructure provider for Dogecoin Ordinals (Doginals). Ask us about Ordinals, Dogecoin, or both! EVERY question asked wins a unique Dogecoin Identity PFP on Doginals.") | Hi r/CryptoCurrency, This is Chris, co-founder of Doge Labs. We are the primary infrastructure provider within the Dogecoin Ordinals (aka 'Doginals') ecosystem. Doge Labs established the first token standard on Dogecoin, as well as launched the first-ever fully automated market on DOGE through a technical breakthrough we call PSDTs (partially signed Dogecoin transactions). I've been a member of r/CC since 2018 - so I'm really excited to do this. Ask Me Anything about Dogecoin, Ordinals, Doginals, or... well, anything else! But first, maybe some background... What are Ordinals?To over-simplify things:
So what are these Doginal things?Dogecoin Ordinals, or 'Doginals', are a brand new functionality and utility for Dogecoin. They enable users to write (inscribe) information that is stored on the smallest individual units of a Dogecoin (aka 'shibes').
You might recall a few headlines regarding transactions on Doge surpassing Bitcoin and Ethereum's combined back in May/June of this year. Well, that wasn't just happenstance... This coincided with the first easily-accessible release of Dogecoin Ordinals, and the overwhelming majority of this volume was made of individuals deploying, minting, and sending inscriptions. Due to the characteristics of DOGE as a blockchain (cheap fees mixed with quick transaction times), users could experiment with creating and minting tokens and NFTs for fractions of a penny, on scales never really done before - certainly not entirely on-chain, at least. In fact, even as far back as August, Doginals have had far more inscriptions than Bitcoin Ordinals, Litecoin Ordinals, Ethscriptions, and Bitcoin Stamps - combined. https://i.redd.it/5xuocxzomtxb1.gif We like to think of Doginals as a kind of sandbox for Ordinal and on-chain NFT development, as the parameters for getting involved and innovating offer such a low barrier to entry. The ecosystem itself is still incredibly new, and major players are just beginning to emerge. Because of the incredibly friendly cost, there are all sorts of people trying out new types and concepts of collections on the daily. On the token side of things (drc-20), $DOGI has come out as a clear frontrunning favorite, as we just witnessed it surpassing 1,500,000 DOGE in trading volume. If you're familiar with Ordinals, $DOGI is basically $ORDI, but on Dogecoin (first token inscribed, 21 million supply, etc.). But even then, the drc-20 landscape is also young with many tokens attempting to establish their footing. ~ Giveaway ~As an introduction to the Doginals ecosystem, every\ question* asked in today's AMA will be given a free Labradoge booster pack - which can be opened to reveal your very own unique, fully on-chain Dogecoin identity PFP. \up to like, uh, the first 1,000? These AMAs typically get around 50 or so comments, so I'm sure we'll be fine.* Just drop your Doginal-friendly wallet address underneath your question to qualify! If you're on Chrome, feel free to use the Doge Labs Wallet extension if you need a quick address. Labradoges act as your personal identifier in the Doginals ecosystem and our way of demonstrating Doginals' unique usecases. They feature over 5,000,000 NFT combinations, of which 99.8+% will be burned as you reroll your traits through the upcoming "Dog Park" integration. There are also 21 one-of-one honoraries hidden in the supply, used to honor the history of NFTs and Ordinals at large. Five of the 21 Labradoge honoraries hidden in the collection Ask Us Anything!While Doginals (might) sound pretty cool ????, nothing comes without drawbacks - including many of the same arguments some people voice against Bitcoin's Ordinals and brc20. If you're new to this space, an old hat, or just a skeptic, I'd love to hear any questions you might have.
I take all questions in good faith, and would love to discuss even some of the more difficult topics if you're willing to have a discussion with me. ???? Thanks for reading, and congrats for surviving this bear market thus far. I'm personally more bullish than ever on crypto as a whole, but I remember the aftermath of 2017/2018 and commend you all for sticking around. - Chris P.S. If you still have MOONs and would like to swap them for an additional Labradoge pack, we will honor the $0.23 price per MOON prior to Reddit's rug pull announcement because **** Reddit. ???? Just shoot me a DM. Additional Resources:[link] [comments] |
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