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Fernando Nikolic, founder at Perception, highlights that runes, inscriptions, and digital collectibles represent the first on-chain economies using BTC as their reserve and settlement asset.
He explains that all fees within these ecosystems are paid, priced, and settled exclusively in BTC, pushing the boundaries of how Bitcoin can be utilized beyond traditional transactions.
Nikolic has previously noted that Bitcoin adoption and capital remain concentrated in North America and Europe, reflecting patterns seen in traditional finance. He has also argued that Bitcoin is accessible to anyone but may not be suitable for everyone, pointing to the cultural shifts required for broader use. These earlier observations provide context for his focus on new Bitcoin-based on-chain economies.