Ordinals founder: Runes is built for degens and memecoins, competing with Taproot Assets and RGB

TechFlow news: Ordinals founder Casey tweeted that Runes is built for degens and memecoins, but the protocol is simple, efficient, and secure. It's a legitimate competitor to Taproot Assets and RGB.

It does not rely on ordinals or inscriptions; balances are stored in UTXOs and can be locked on the Lightning Network. Runes names are optional—reserved names are assigned if no name is specified.