The status quo of the NFT market: Is ETH NFT dead?

Author: Sleepy.mid, Source of the Founder of Little Ghost: X,@Sleepy0x13

As a NFT entrepreneur, especially Collection, it is also released on ETH. The mentality these days will inevitably be affected. At the same time, many people are discussing whether ETH NFT is dead.So I hope to share some of my views and thinking with you through this article. I hope to help everyone participate in the NFT project better and even recharge some faith for everyone.

ETH NFT why blood flows into a river

At present, there is no need to say more about the status quo of the market, simply analyze the reasons.

As we all know, NFT is a small circle, so when Bitcoin surge and drive the NFT project in the Bitcoin ecosystem, many ETH NFT players’ attention is attracted.

And the current bull market will make all people who do not make money. Sometimes although they make some, they will feel anxious because they see more people earn more.

So it is not difficult to understand why ETH NFT flows into a river.

The funds in the ETH NFT pool were transferred to BTC NFT and other currencies, and many people chose to sell ETH NFT to obtain mobile funds.

In addition, Farmer, who had previously mining in Blur, also stopped mining.Prior to this, they were the exit liquidity of many projects. In order to obtain Blur’s tokens, they would give the project BID, which made many NFT sells on the floor price too much, and when they no longer provide exit exitLobricity is easy to sell for large households, making the floor price fall by 20%to 30%or even more.And this situation will be more terrible to liquidate the loan liquidation.

This world is a huge meme

What I want to talk about next is another question. It is also seen in some communities recently. Many people are asking whether the wave of ETH NFT is a bubble rupture or panic.

It has always been a problem that how to pricing NFT.As far as the NFT in the current market, I think there may not be so -called “value coins”.Therefore, I don’t think it should be estimated to the price of NFT according to the traditional thinking mode.Compared to the pioneering financial innovation of projects such as UNI and CRV, most NFT projects can provide more emotions.

At this point, the NFT is the same as the entire encryption industry. Everyone is speculating emotions, and everyone is making emotions.Many times, we often say that the difference between the NFT project and other projects is that the NFT project has a very sticky community, and at this point, we can see items such as PEPE.

In my opinion, whether it is ETH or BTC, or other chains of NFT projects, it is essentially Meme. This world is a huge Meme.Otherwise, if the so -called “value” alone, why Azuki and Bayc can sell for hundreds of thousands of unit prices, all of them are memes.Buying NFT is actually paying for your emotions. The hype NFT is actually paying for other people’s emotions.

NFT and “gain”

Then you need to talk about the “gain” that NFT brings to Holder.Two days ago, I also talked about this question when I called @freeguyyee. This was a very important issue that day, and we did not discuss a result.

The reason for this discussion is that I saw many people saying that “NFT always punished diamonds” in the community not long ago. We think that the reason for everyone to say is that emotional hype will make the price of NFT rushing to a time to rush to a time to rush to a time to rush to the time of time.After the highest point, it continues to fall down, and the diamond hand does not choose to sell at a high point, but choose to hold it for a long time, but now there are few projects to provide enough sense of gain for diamonds.

Frankly speaking, this is where we are not doing enough.

It is normal and reasonable to find more benefits for ourselves, so we have no way to avoid Flipper completely.Then, when we are thinking about the solution of this problem from the perspective of the project party, we can only do what we can do to make everyone believe that NFT is worth a higher price, and how to make everyone believe that we need to give Holder a sufficient sense of gain.

Next, I want to talk about the sense of gain and not leak. What are we doing?

I think it can be simply and rudely divided into two categories. One is the sense of economic gain, and the other is emotional gain.

In terms of economic gain, I believe everyone can understand that it must not rely on uninterrupted money to pull the plate. On the one hand, the market timing is wrong. On the other handCauses the project to die.So our idea is to allow everyone to get more external income because of holding a little ghost.For example, we are upgrading the spiritual value system and lottery system of the little ghost. We hope that we can not rely on third -party plug -ins, so that the mechanism can operate as we designed to make better rewards of diamonds.

Recently, a very strong technical big brother has joined the little ghost’s team. He has made a lot of contributions in multiple developer communities. With his joining, many we have always wanted to do it, but he has suffered from the implementation of no technical personnel.It can also be advanced quickly, and in the future, we can also be more flexible.

On the other hand, the sense of gain of emotion.

In the past period, we have been buried the development of the little ghost IP. Now it can even be said that the little ghost is the most cross -border project among all NFTs.We hope that through our efforts, we can rest assured that the holders can put on the little ghost’s avatar without worrying about being laughed at as leeks. We hope that all holders can feel that holding a little ghost is worthy of being worthy of a little ghost.Pride, this is our motivation for continuous development.

Different from many projects, our team is a team that really starts from scratch and starts. We have not contained golden spoons, and we have not worked in traditional industries for 10 years, and we have not done other entrepreneurial and industrial investment.At the beginning, the resources we can touch are very limited, but with sincerity and feelings, we have come all the way to the present.Our foundation is not good, but so that we are not worse than anyone else, and even leading many people.Most of our teams are people in the circle, and they usually fry coins by ourselves. I think this may also be the reason for us to rely on feelings to do the project of Little Ghost, not to make a fast forward and fast out.The project quickly saves money.

In the bear market in the past two years, we have been promoting the development of Little Ghost IP in the web2 world and has done a lot of brand joint activities, but in fact, the positive feedback brought by these joint names is very limited, so we often fall into it.In self -doubt, worrying about it is valuable.

When I called with Erji a few days ago, I asked him: “You stand at the perspective of Holder. When you see that we have reached a joint cooperation with some Web2 brands, would you have a sense of pride or a sense of gain?”

He said, “Yes.”

At that moment really moved me very much. China is too big, so we cannot satisfy every event to participate in all Holder, but I really hope that everyone will feelpride.Regarding the development of Web2 business this year, I can’t disclose too much, but it can be said that in the past year, we have run the business model, and this year will be a year of magnifyingThe potential energy of the brand with greater influence and deeper Web2 business exploration. Although Rome is not built in one day, we believe that the little ghost will become a monster, growing rapidly with the speed that ordinary IP cannot reach.

As the encryption market enters the bull market, this also means that we will launch a lot of movements in Web3. You can rest assured that we will use MID as an entrance to the ecology. We will also promote other block links into the MID. In this wayThe project is no longer subject to a single blockchain ecology, but can develop multi -ecological combination.We are not very convenient to disclose other plans in Web3. Please look forward to it.

We are promoting the ecological transformation of the small ghost project from a single IP to entertainment content. Making content, platforms, and development channels is our focus. Web2’s joint name and Web3 action will become our amplifier.I don’t think ETH NFT will die, but after this wave of market, I think there will be more and more projects to try to do some practical things on the basis of emotional speculation. Maybe now it can be said to be the value of price regression, butIn the future, I believe it will definitely be a value regression price.

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