Q1 2023: Build, Bitcoin, Repeat
Highlights from 2023
Did you know that Bitcoin has been running 24/7 for 10 years with zero downtime? This durability is just one of the many reasons it is the perfect foundation for the Stacks layer and for builders. And the world seems to (finally) be catching on.
Ordinals shook up the Bitcoin world and helped catalyze a shift back toward a culture of innovation and exploration. Lightning, Stacks, RSK, and other Bitcoin-focused projects and layers were happy to welcome new builders and energy. For its part, Stacks was named the #1 Web3 project on Bitcoin for a second year in a row and crossed some important milestones:
Stacks 2.1 was officially activated in March, paving the way for Nakamoto and sBTC
Stacks reached the 100,000 block height milestone
Bitcoin-secured clarity smart contracts crushed the 60,000 milestone
Stacks outgained the market to solidify a position in the top 50 of CMCs ranking
Stacks was the top trending cryptocurrency on social platforms for 3 weeks (2 weeks in a row), (LunarCrush)
Elsewhere in the ecosystem, Stacks builders led the charge on Ordinals development: Gamma became one of the most popular inscription tools and Ordinals marketplaces, Xverse released wallet and PSBT support, Hiro released an Ordinals Explorer/API and wallet support, while Neoswap and Satoshibles teamed up on Ordinal swaps!
And much, much, more which you will find below. Before you dive in though, here’s a quick plug for three fantastic resources for keeping up with the blossoming world of Bitcoin building:
Stacks Snacks: A weekly link roundup of all the biggest Stacks news run by the Comms Working Group
Bitcoin Builders Association Newsletter: A weekly roundup covering the biggest news from Ordinals, Lightning, RSK, and Bitcoin in general
Bitcoin Writes: A newsletter run by the sBTC Stacks Resident keeping you apprised of all the latest development around sBTC
Congratulations to all of you on another great quarter of progress and thank you to all the incredible builders and leaders that make Stacks such a great community.
— Mitchell & Claire, Stacks Foundation
Gamma launched their own Ordinals Marketplace. The Gamma platform now supports Ordinals auctions, allowing users to trade inscribed satoshis peer-to-peer. Read more here.
The Hiro platform launched! The platform has everything you need to write, test and deploy smart contracts, directly from your browser.
sBTC Roadmap: The sBTC working group shared the work ahead: Growing the Bitcoin Economy: The Road to sBTC.
The Stacks 2.1 activation has landed. The cutover for the Stacks 2.1 activation occurred on March 20th. Read more here.
The Stacks Accelerator rebranded to the Bitcoin Frontier Fund, doubling down on investing in start-ups building on Bitcoin L1 and Bitcoin layers.
Hiro launched their very own Ordinals Explorer to help people discover and enjoy digital artifacts on Bitcoin.
Xverse launched SatsConnect, enabling PSBT signing for connecting your wallet to apps.
Stacks had strong movement in the market, outpacing the growth of every project over $1B in market cap in March.
Want highlights like this delivered every week? Check out our new roundup of the week's biggest Stacks stories and updates here.
Did we see you at these past events?
DeFi Denver: March 1st
Building on Bitcoin Stacks + Hiro Workshop at ETH Denver: March 2nd
Building in a Bear Stacks Meetup NYC: March 9th
Building on Bitcoin Hackathon: Feb 24 - March 7th
Bitcoin Olympics: March 31
hack.summit - March 31st - April 1st
Find Stackers at these upcoming events
Building on Bitcoin Virtual Event - April 19th: Join us for in-depth conversations and announcements about Bitcoin’s evolution to becoming more than just a store of value.
Coindesk Consensus ‘23 Week - April 25th - 28th: Stacks Foundation and Hiro will be returning to Consensus this year in a shared booth, spots 925 and 926 from Wednesday - Friday that week. Stop by, meet Stacks and Hiro folks, get some free merch, and hear all about the latest updates from us. We’d love to meet you. Use Promo code: Stacks25 for a 25% discount. We’re also taking part in three events that week that you won't want to miss: ETH Austin, Stacks Austin Chapter & Hiro Pickleball Mixer, Keep Bitcoin Weird: NFT’s, Ordinals...
NFT.NYC Nolcha Event - April 12th: Gamma, Stacks Foundation and Hiro are activating a Bitcoin NFT gallery at Nolcha NFT.NYC’s immersive art exhibition at Art District Live. Attendees will engage with multi-versed artists and creators who boldly mix realities and leverage technology, block-chain based art, web3 native live music, and AI driven installations in a state of the art visually next level 360 degree immersive venue, challenging perceptions of what art can be. Stay tuned for the event registration link on Friday, which can be found on the Stacks events calendar. Learn more here (access code: STACKSNYC).
Bitcoin Builders Conference - May 17th: Stacks will be participating in the first Bitcoin Builders Conference, which kicks off Bitcoin 2023 Miami week. This ecosystem-agnostic event will offer developers and innovators strong educational content through hands-on workshops, panels with engineering leaders, and insightful industry keynotes, not to mention the space to test drive the latest development tools.
Ordinals Conference & Hackathon - May 18th: Stacks Foundation will be sponsoring the newly formed Ordinals Conference and Hackathon taking place in Miami during Bitcoin 2023. The event will bring together the top builders, projects and investors pioneering the future of digital artifacts. The hackathon will kick off on April 24th.
Sneak Peek at the rest of 2023
Find conferences, hackathons, recurring meetings, and more from throughout the Stacks Ecosystem. You can also submit events on behalf of your organization or local community.
Ordinals. You've been hearing a lot about them lately.
"Ordinals came out of nowhere and they came out at the right time, with the right angle that is igniting interest in the Bitcoin builders culture. They're more than just NFTs." - Muneeb Ali
Ordinals simultaneously validated the market for things like Bitcoin NFTs and solidified the need and narrative for Bitcoin layers, resulting in new organic interest in Stacks This interest also resulted in STX jumping up into the top 50 slot for tokens. The bigger picture? Ordinals are exciting, and the ecosystem has rallied to create a ton of new capabilities around them, but they're just one great example of how powerful Bitcoin layers are.
New Ordinals products from the Stacks Ecosystem:
Ordinals + Stacks Media
Creator Of $1.4 Billion Bitcoin Layer 2 Gives Backstory on 98% Jump In Price (Forbes)
Muneeb Ali with Laura Shin (Unchained Crypto’s Podcast) on Bitcoin Ordinals
Muneeb Ali with Jason Yanowitz (Blockwork’s Empire Podcast) on Bitcoin revival
Muneeb Ali with Jason Choi (Blockcrunch Podcast) on Bitcoin Ordinals
Muneeb Ali with Imran & Qiao from Alliance Dao (Good Game Podcast) on Bitcoin application era
Unlocking Bitcoin’s Full Potential with sBTC
Looking for the latest, weekly roundup of sBTC updates? Subscribe to Bitcoin Writers - Weekly sBTC Updates. This newsletter provides a weekly glimpse into the Stacks Community's effort to unlock Bitcoin write via sBTC and the Stacks blockchain. Check out more on sBTC below.
Stacks Foundation blog: An intro to Bitcoin-Backed DeFi - one of the biggest sBTC unlocks.
Chris Burniske on sBTC: “It's finally time, where people are so bearish on building on BTC — that I think it's time to be bullish on it.”
Gamma: Jamil Dhanani shares his thoughts and expertise and what sBTC means for collectors and artists alike
Xverse blog: Introducing sBTC: Non-custodial Native Bitcoin DeFi
Town Hall: Using Trust-Minimized Native Bitcoin in Applications
YouTube: How sBTC is an Improvement in Decentralization for Building with Bitcoin
Programs + Governance Updates
What’s new with the Stacks Grants Program? Critical Bounties, Decentralized Mining Pools & More!
Stacks Is the #1 Web3 Project on Bitcoin for Second Year in a Row
Sustainable Bitcoin Protocol: Xverse weighs in on Bitcoin's impact on the environment
Kyle Ellicot/Medium: Introducing Ordinals - Theory, Protocol, Bitcoin NFTs, and New Possibilities
Foundation blog: Ordinals + Web3 Startups
Foundation blog: Industry Lessons Series - Developer Due Diligence Checklist
Trust Machines: How Bitcoin Ordinals Can Affect the Next Bitcoin Halving
Trust Machines: What are Bitcoin Ordinals?
Trust Machines: What are Rollups and How Can They Work on Bitcoin?
Trust Machines: An Introduction to Building on Bitcoin
Trust Machines: An Introduction to Bitcoin NFTs
Xverse blog: What are Bitcoin Usernames?
Trust Machines: What are Bitcoin Layers and Why are They Important?
Xverse blog: A Complete Guide to Stacks Cryptocurrency (STX)
Trust Machines: An Introduction to Bitcoin DeFi
Medium/Albert Liang: 2023 Prediction: The Year of Bitcoin Unicorn Startups
More ways to get involved
Bring your expertise to the community through a Stacks Grant or Residency
Stay up-to-date on the blockchain, and other areas of the ecosystem by joining regular calls
Join a Stacks Working Group
Find ways to contribute your skills, including full-time positions
Reach out to us to be part of a Stacks feedback interview