Blockchain Grafitti: The Immutable NFT Art Inscribed in Bitcoin [VIDEO]

What up Vigilantes?  I hope you caught my last interview with NFT pioneer Gus Grillasca. We discussed Bitcoin Ordinals, NFTs, Liberland, and several other fascinating topics.  Well, get ready for this one, because we’re diving even deeper. 

Gus and I traced the origins of NFTs back to the 1990s when people first considered creating digital objects that could be traded and have market value. Then we talked about Bitcoin's 2009 development, which enabled digital scarcity and led to early experiments with art inscriptions in the Bitcoin blockchain.  I like to think about these inscriptions as Blockchain Graffiti.  Whether you like it or not, it’s not going away. 

We also looked into the creation of colored coins and tokens, which were popularized in 2016 by the Rare Pepe Director and made more user-friendly with the introduction of Ethereum. We discussed recent Bitcoin protocol updates like Segwit and Taproot that have made it easier to store data on the blockchain, as well as the role of Bitcoin maximalists and small blockers in shaping the future of NFTs.

I personally think the argument for small blocks is dead by this point.  Watch the video and hear me out.

Watch the full interview:

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Gus and I both agreed on the importance of art in pushing boundaries and sparking disruptive ideas, and we talked about how Bitcoin could be used to create digital art and drive adoption. We investigated the rush of people attempting to mint and upload digital content in various codes and the demand for NFTs, which is far greater than most people realize.

As it happens, lots of money will be made by being among the first creative pioneers to achieve something new…

We also looked into the potential of NFTs in physical and digital spaces and the ability to mint NFTs on the Bitcoin SV blockchain for pennies. Many people don’t even realize there are already physical NFTs but that shows how quickly this technology is moving. 

We explored the privacy benefits of the UTXO model, as well as the differences in values and priorities between the Ethereum and Bitcoin communities.

Gus explained how he believes Ordinals are the best type of NFTs because all relevant information is stored on the immutable and robust Bitcoin blockchain. I foresee it going beyond just art and allowing for creator tokens, for example.  You’ll be able to own a token from a creator you believe in to support and share in their success.  

I can only imagine how much human creativity will be unleashed…

Overall, our discussion was eye-opening, emphasizing the potential of NFTs to reshape the world of digital art and create new markets and communities. If you want to learn more about NFTs and their potential, follow Gus on Twitter, Instagram, and visit his website

Follow me on Twitter @VamosVigilante

Follow Gus Grillasca on Twitter @GusGrillasca

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Rafael LaVerde

Rafael LaVerde has a background in private equity and venture capital. He discovered Bitcoin in 2012 while volunteering on Ron Paul's presidential campaign. He served as board member of a Libertarian Super PAC while doing post-graduate work in economics, and was also a member of the University of Texas’ Mises Circle. His formal education includes graduate degrees in continental philosophy and psychology. He has been a Bitcoin miner since 2014. Rafael also managed investor relations for the BitAngels Network, which helped finance the vast majority of early Bitcoin startups, and was also part of the DApps Fund team that revolutionized funding structures that eventually became known as ICOs and STOs. He was also the founding partner of what became one of the very first Bitcoin venture capital funds.