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Crypto doesn’t feel euphoric right now. It feels exhausted. In this episode, we break down the viral $100K “save crypto art” tweet and use it to highlight a deeper issue: NFTs didn’t fade because people hate digital art. They stalled because the distribution model rewarded hype, front-loaded extraction, and misaligned incentives. Fixed mints, surprise dilution, disappearing creators. The structure struggled more than the concept itself. We explore an alternative through internet capital markets, bonding curves, and non-arbitrary tokens. Instead of setting inflated prices upfront, value can be discovered in real time. Instead of one-time mint revenue, creators participate in ongoing activity. Instead of arbitrary supply changes, expansion follows transparent rules anchored to Bitcoin. From our perspective, the next phase of crypto may depend less on louder launches and more on tighter incentive alignment and clearer constraints. Models that emphasize sustainable participation over one-time events could reshape how creators and communities interact. If there’s one takeaway, it might be this: rather than asking whether NFTs are “over,” it may be more useful to question whether the underlying mechanics make sense. When incentives and rules are clear, long-term building becomes a more realistic outcome. Links in Video 1. Guy spends $100K on art: https://x.com/batsoupyum/status/20202... 2. MekaVerse Grave: https://x.com/MekaVerse 3. NAT.FUN brings back NFTs: https://x.com/natdotfun Join the Telegram for daily NAT updates: https://t.me/dmt_nat Full NAT paper here: https://natgmi.com/natpaper Website & Newsletter: https://www.theblockrunner.com/ Get into the metaverse on Bitcoin, Natrix land is here: https://mscribe.io/bitmap/716472 Please like and subscribe. Also, check out our podcast on your favorite podcasting app! Play on our land: https://716472.bitmapos.io/ Follow us on: Twitter: http://bit.ly/TBR-Twitter Mscribe Discord: / discord MetaZone Discord: http://bit.ly/TBR-Discord Mscribe Discord: / discord Audio: : http://bit.ly/ThBlkRnr Spotify: http://bit.ly/TBlockR Stitcher: http://bit.ly/TheBlockRnr End Music by Twitter: @Nat_Thom_ Youtube: https://t.co/Ou22RD8wlJ?amp=1 Arcade by LAKEY INSPIRED | / lakeyinspired Music promoted by https://www.free-stock-music.com Disclaimer The views and opinions expressed by The Block Runner are for informational purposes only and do not constitute financial, investment, or other advice. 00:00 - Why Crypto Feels “McDonald’s Era” Right Now 03:09 - Viral Tweet Exposes the “Starving Artist” Reality 05:58 - The Real NFT Problem: Distribution, Not JPEGs 06:21 - Mechaverse Case Study: Hype, Cashout, Silence 11:08 - “Seven Deadly Crypto Sins”: Supply Dilution Preview 12:02 - NAT.FUN Fix: Bitcoin-Governed, Non-Arbitrary Supply 15:20 - Creator Call Recap: What Builders Asked, What’s Coming 18:15 - Internet Capital Markets: Memecoin Rails, Reused for Art 20:01 - Bonding Curves as Brand Tests + Incentives Loop 28:47 - DMT Explained: Digital Physics + Tangible Assets 33:29 - Getting “Bamboozled” by AI: Signal, Truth, Twitter Bots 46:42 - “Seedance” Shock: AI Video Goes Mainstream, Fas #blockrunner #DMT #NATDOTFUN #NATFUN #NATTOKEN #NAT