The recent encryption circle can be described by using the name of a classic domestic black humor movie Crazy Inscription. In the past two weeks, we are doing interviews and summaries of various chain game projects in 2023. What is ridiculous is that more than one boss complained to me that no one is working anymore, and they are all working on inscriptions. If you put a little pressure, there will be young employees. I offered to resign and focus on making inscriptions... I grinned bitterly. Same thing, the W Labs work group has been occupied by the topic of inscriptions. Even the current MOD recruitment with fixed monthly salary + NFT airdrop has only a few responders. If this happens in a few Months ago, the friends had to break their heads and grab the work. Chain gaming is also a very popular track recently, but compared with the magic of inscriptions, it really pales into insignificance. Then there was no one to write investment research articles. I had no choice but to continue writing this article myself, hahaha.
Of course, I am also rushing in. When the bull market is coming, I just need to trap myself a little bit first, and then do research. This can cure lazy cancer. This article is just about my personal opinions. It is purely nonsense and does not provide investment advice at all.
1. What’s special about the inscription?
For users, inscriptions have three major characteristics: fair launch, full circulation, and taking small to reach the extreme. For project parties, Inscription has a major feature: there is no project party on the surface, and the legal risks are low. However, these characteristics have become weaker and weaker as the recent inscriptions money-making effect has been extremely spread among web3 users.
The first point is that the most talked about fair launch only exists in the batch of Ordi in the first half of this year. The inscription team that is just starting up now should all have the time to coordinate and make batch robots. Haha, this is human nature, there is nothing wrong with it.
The second point is that full circulation has been challenged. Yesterday there was an inscription that 50% is reserved for defi and gamefi as pledge.
The third point is that Xiao Bo Da originally wanted to use a few hundred cards to spend a few dollars in gas to earn a few thousand dollars in return, but the current gas environment is that it costs 20-30 dollars to play one card, and 3,000 dollars to play 100 cards. As a result, someone else finished the mint first and you were out of the index, and 3,000 dollars of gas were wasted.
The fourth point is, whether it is arranging the robot in advance or looking for OTC merchants to promote it together, is this really not considered a project party?
Second, will Inscription continue to be popular in this bull market?
In one word, yes. If you compare the popularity of the NFT pictures from the last bull market and the ICO from the last bull market, you should have a perceptual judgment. The current inscription hype has not reached the extreme level of madness. Another important point is: As the only new asset class that has emerged in this bull market so far, Inscription has many stories to tell in the future. Finally, all the old miners in the encryption circle have the same goal, that is, Gas must continue to be high, and they must make money, so these old moneymen in WEB3 will take a clear stand.
How to proceed with subsequent inscription projects? Everyone has their own ideas, I will provide some for your reference only:
2.1 Find innovative inscription projects that can enter the web3 application category, and add actual empowerment to the meme attribute;
2.2 Don’t rush randomly in the short term, Gas can kill you, unless you are a relative of the deployer who knows how to pull it later. Focus on finding some products that you have strong hopes for in the future, even if you buy them in the secondary market (WGGDAO Guatian Community VIP channel has summarized some);
3.3 Pay attention to some ancient inscriptions. It is estimated that Xinzhuang has entered, such as OXBT and Deed of BRC 20, which have increased 4-5 times in the past two days. After studying the fundamentals, they represent two types. OXBT is a previous hot project with 16,000 holders, high consensus, and a long time to attract funds at the bottom; Deed is a small cap, and small market makers can control it without spending too much money. .
3. Finally, let me summarize my personal views on the future of inscriptions.
The first wave of opportunities to get rich with Xiao Bo Da is gone. Don’t always think about becoming Satoshi Nakamoto who has been mining BTC silently for a year, and don’t dream about another ORDI opportunity. The market may continue to have similar myths about getting rich. In fact, the bookmaker releases eye-catching news, which has nothing to do with ordinary players.
Opportunities for the second wave of Alpha with lower multiples still exist. For example, listing on the stock exchange can release a lot of liquidity. When Ordi was listed on the Gate exchange in the last wave, it reached 29 U at the earliest. Large investors could only ship 20 U off-site, but now Binance and Okex can ship spot goods at will. So pay attention to the expected inscriptions on Qiang, you know.
The last step is to find the first project that can actually empower Inscription, whether it is defi, gamefi, socialfy or XXXXfi, which can bring Inscriptions economic model or business model into application projects. W Labs has been studying this for almost two months, and we have some results. We also hope that friends who have fresh ideas in this area can communicate more. Any inscription project that can succeed in this regard may be the next ORDI, SATS and RATS.
