We finally did it chat!
With the launch of
@natdotfun we’re finally entering phase 2 of DMT’s epic story.
This all started with the release of the Digital Matter Theory (DMT) protocol and the creation of
$NAT about 2 and a half years ago, but really this has been an 8 year journey to get to this point.
When Will and I first started exploring crypto, we launched a podcast as a way to document the journey in real time. We believed that by openly navigating the space together, we could not only deepen our understanding of crypto’s fundamentals, but also build a community of like-minded people driven by the same curiosity and desire for opportunity that consumed us after the 2017 era.
At the center of it all was one question on our mind:
Was crypto our generation’s chance to introduce something as civilization-shifting as the internet, or was it all just one massive scam?
Through every boom and brutal bust cycle that followed, our conviction evolved in many directions. But beneath all of it, one belief remained constant.
It was that crypto had the potential to fundamentally transform the creator economy in ways that were impossible before onchain value creation and distribution existed.
That belief led us down multiple paths in developing new tools and support systems for creators trying to find their place in crypto. From experiments in the metaverse through Decentraland and Bitmap, to helping creators carve out their identity within the DMT Ordinals landscape, every step has been part of the same pursuit.
But where we’ve arrived today is where we believe we can make the greatest impact. Because we’ve set our sights on what we believe is one of crypto’s biggest problem, its lack of substance.
In a world where nearly every asset is conjured out of thin air, how could we ever expect people outside of crypto to develop genuine respect for the things we create? Crypto has become synonymous with vapor because, in most cases, that’s exactly what it is.
What’s missing is substance.
An underlying fabric that gives meaning, permanence, and legitimacy to digital assets.
And up until now, the only thing crypto has produced that has truly demonstrated those qualities is Bitcoin. Its security, longevity, and ability to harness real-world energy in order to preserve value in cyberspace have made it the industry’s only undeniable source of digital substance.
Yet over the years, the industry has done everything in its power to drift away from Bitcoin as the anchor of value.
What we aim to do is recenter crypto around it. This is what DMT is about.
We believe digital assets should emerge from the same underlying fabric that gives Bitcoin its significance.
That fabric exists within Bitcoin’s expanding data layer, the structured stream of information the network continuously assembles, verifies, and cements into reality every ten minutes with each newly mined block.
This is where we discovered substance through the release of
$NAT, and where we believe all future manifestation of digital assets should originate from as well.
NAT.FUN is our attempt to bring this vision to life by combining the familiar launch mechanics of Solana-based tokens with the non-arbitrary substance of Bitcoin’s underlying data substrate through the DMT framework.
At its core, the launch experience of Non-Arbitrary Tokens on
NAT.FUN remains approachable and familiar, but with a refreshing new twist. Bonding curves still act as the liquidity engine, but layered on top is an entirely new format for asset genesis and issuance, one where fungible and non-fungible assets inherit their properties of existence from Bitcoin itself.
Truthfully, we have no idea how far this experiment can go. But we believe crypto has spent long enough creating things from nothing. It’s time to start building from a foundation of substance instead.
If we’re right, this marks the beginning of a radical shift for crypto.
And with any meaningful shift comes friction. People will have to wrestle with the implications of change, which requires an open mind and a willingness to consider that much of what that arbitrary crypto era has produced up until now may have simply been the testing ground for the emergence of non-arbitrary substance.
Once you can comfortably swallow that pill, an entirely new world of opportunity begins to open up. Your mind starts to wander toward the possibilities of what can be built when digital assets derive their existence from Bitcoin’s richest untapped resource: its data.
To everyone who has followed our journey to this point, I sincerely appreciate your support. I’m not someone who came from an Ivy League background. I didn’t grow up wealthy, and I don’t have deep-rooted connections within the crypto industry.
What I do have is genuine conviction in the things I pursue, and genuine care for the future prospects of the industry I’ve come to view as my life’s calling to work to improve.
That conviction is what has pushed me and my team to continue breaking through walls of resistance in order to fully realize this vision.
Looking forward to breaking some shit with all of you as we start experimenting with DMT.
Let the good vibes roll and don’t be afraid by what you see once you experience this new reality 👁️👁🗨👁️