Original author: sleepy.mid (Twitter: @sleepy0x13)
This article originates from Sleepy, founder of Weirdo Ghost GangX, who published his top 10 predictions about the development of NFT in 2024. He believes that
It is difficult for a PFP that lacks a carrier to survive for more than 6 months. The life cycle of Meme NFT in 2024 will be even shorter than it is now, and the wealth effects of individual projects will be even crazier, etc. Odaily organizes it as follows:
It’s almost the end of the year, and I suddenly had the idea to take a snapshot of some of my current ideas, and wait until the end of next year to verify how many have come true and how many have exceeded my imagination.
1. Some NFT IP will really drive Mass Adoption
Personally, I think it is unrealistic to achieve Mass Adoption by challenging the existing financial system. Although decent practitioners in our industry all have a decentralized ideal, and have been relatively successful in some countries with serious inflation, foreign trade transactions and other scenarios. Popularity, but for our daily living environment, it is not realistic to implement Mass Adoption through tokens. The NFT IP itself represents the continuous content output capability. In my opinion, content is the better way to attract outsiders. Only through the attraction of content and lowering the entry barrier through technical aspects can we have the opportunity to achieve Mass Adoption. The difficulty is never to teach outsiders how to use a wallet, but to convince outsiders why they must use a wallet.
2. Old projects that are still alive will be blue chips in the next bull market.
When it comes to alive here, I dont use the floor price, transaction volume, etc. as the criterion, but to see whether the team is still doing things. I would like to give the following words to entrepreneurs in the industry. Believe that hard work will be rewarded. Although we always say that this industry does not reward long-termism, the things we have done will always be seen by others. The real long-term Doctrine will definitely pay off.
3. PFP Collection remains the mainstream form of NFT
What I mean here is that most projects that want to do marketing through NFT will still use avatars to issue their NFTs, because after users change their avatars, they will become the project’s publicity in various social media. An example that may not be appropriate but expresses my idea well, the social media account of the avatar Holder will become Focus Media on various social media platforms.
4. PFP lacking carriers is unlikely to survive beyond 6 months
The carrier here, in the vernacular, means what is your project about? For example, Tiaohai is also doing various activities and marketing, but its main business is selling wine. Projects need to have a complete business model, leaving less and less time for new projects to slowly explore the business model after the release. In other words, entrepreneurs can no longer wait for the NFT to be sold out before completing future planning and resource integration. It is necessary to put these forward.
5. The new Meme PFP life cycle will be shorter
Meme will never disappear and will always emerge in endlessly. In 2024, the life cycle of Meme NFT will be even shorter than it is now, and the wealth effect of individual projects will be even crazier.
6. The status of artists in commercial projects will be further reduced
It is a top-notch King-level project in all aspects and is not within the ranks of discussion. With the development of AI, the gap in art aspects of NFT projects will be smoothed out. Unless the design of the IP itself is extremely unique, artists may still be the dominant ones in personal art projects, but they will become more and more dominant in commercial projects. Like a tool man.
7. NFT has great potential in the RWA track
I have not studied RWA in depth, so some of my ideas may be wrong. Corrections are welcome. The most important thing about RWA is what the asset package is in the real world. From a personal perspective, the asset package I am more interested in is the income rights of offline stores. I communicated with an investor friend of Web2 some time ago. Now they are trying to use the Drip Tong model to invest in offline stores. I won’t go into details about the specific model. If you are interested, you can check it out for yourself. I am looking forward to holding some NFTs. To obtain the revenue rights of several offline stores. Of course, how to convert between legal currency and crypto is also a problem to be solved, but I am very much looking forward to it.
8. NFT liquidity solutions continue to iterate, and existing products face challenges
I don’t study finance, and I don’t usually speculate in currencies. I thought about whether it would be more reasonable to combine two NFT liquidity solutions, Blur and Flooring, and add some dirty work. I regard Blur as an NFT liquidity solution rather than just a trading market. Entrepreneurs who want to kill Blur, OpenSea and the like can also think differently.
9. Fully Virtual’s metaverse will continue to be sluggish, but it is very optimistic about the application scenarios of combining virtual and real.
Pure virtuality is a very demanding experience, especially if it is called a metaverse, and if the experience is mediocre, you will be scolded, not to mention that most of them cant even achieve average. Coupled with the increasing intensity of various problems such as social attributes and real-time rendering, there is a high probability that it will be out of business in 2024 from a technical perspective. But I am very optimistic about the experience of combining virtual and real, bringing virtual assets into our world before they bring us into their world.
10. There will be a super NFT project spanning multiple tracks
Projects starting from NFT IP have a lot of room for imagination. The reason is simple. IP can be adapted to any product and any track. For example, any project, whether it is DeFi, RWA, GameFi, social, Metaverse, trendy brands, etc., can use Little Ghost IP as the spokesperson of the project. Therefore, as long as the team wants to do things seriously, the NFT project has great room for expansion and can be followed by various projects. Of course, it is simply impossible for a start-up company to lay out such a wide pipeline at the same time. I am just raising a possibility. Entrepreneurs should still be down-to-earth and take one step at a time.
