Intro

Introduction

POLYGON

Introduction

Recently, @web3\_ayush recommended me to read Chris Burniske’s Blog Crypto asset Valuations and I was hooked cause I came out of degen shitcoin schedule and didn’t understood half of the terms on the sheet, so I buckled up and got into the Arc Invest research paper’s and found one more gem-of-an analyst Brett Wiston there and thought that I have some great projects in mind(emphasis on I), so instead of blindly targeting any numbers, take inspiration from this models and do an CryptoAsset valuation myself.

Abstract

Delving into the realm of Bitcoin transactions, the age-old debate surrounding their fundamental purpose has persisted since the early days of Bitcoin's inception. The question of whether Bitcoin primarily serves as a medium for financial transactions or evolves into a secure, distributed data store capable of encompassing a myriad of functionalities, ranging from app data to domain names, has been a point of contention. Although this controversy has subsided in recent years due to a well-considered compromise, the advent of taproot has introduced a design quirk, paving the way for the emergence of a groundbreaking NFT protocol named Ordinals, which challenges pre-existing limits.