jakiro
Source: Chain Observation
How to look at @backpack wallets that have been discussed recently?Exchange?NFT community?You see, many people who first know BP will have a confusion of how to position it.In my opinion, it is the “super application” of the NFT+wallet+compliance exchange. It can even be understood as a “closed -loop ecosystem” of the user of the DAPP applet+wallet exchange under the XNFT protocol.Why?Next, talk briefly about my understanding.
What is the layout of Backpack?
What Backpack does. If you do n’t observe the whole picture, it is easy to be brought into the fragmented cognition of Fragment. Some people love Madlads ’NFT community culture.New paradigm of integrated transactions on the upper+chain.What do you say?These are the typical features of BP. Compared with the current liquid market that is completely separated from the blockchain ecosystem and connected by combined lines, things that BP do always make people feel like an apple closed -loop ecosystem.
In fact, in a complete open source blockchain protocol portfolio market, it is always a bit of a maverick to do closed -loop, but in terms of the elongation cycle, Android and iOS have always bidded and Battle? Is there any loser?The closed -loop ecosystem based on community attributes will have a process of breaking the long popularization of different product lines.Behind the closed product line is the powerful community cohesion+leading product use experience+powerful resource consolidation capabilities, which will form a joint force at a certain point in time to become a competitive barrier that others cannot surpass.There are “Xiaomi” after “Apple”, which are doing such a business layout.
2) Backpack’s current stage of the entire product line has obvious Solana ecological brand, which means that its development will also be binded with Solana ecological severe binding.To some extent, Backpack has built a set of Native wallet+exchanges for Solana ecology, and a set of XNFT mini -program DAPP application market.
In the short term, BACKPACK and other products and agreements in the entire blockchain environment are obvious. For example, compared with the general CEX, Backpack cannot cover the full blockchain ecological grabbing various currency first -mover advantages to attract extensive extensive attractionThe user group, but there are no doubt that some projects with obvious Solana genes can be fermented and growing in Backpack. Some users who participate in the Solana ecology in the early days will also get greater expected market returns.
What are the challenges and problems facing backpack?
Because of this, Backpack will inevitably encounter certain resistance in the process of expanding the market. Airdropping distribution incidents are typical.Objectively speaking, due to compliance factors, Backpack screens high -quality projects to issue AirDrop to users who contribute transactions. This is a long -term incentive and gain.For users, it is equivalent to earning a stable “high age” on a exchange, but as mentioned above, user benefits are the second distribution of the platform’s consolidation of resources. A single user participation intensity intensity intensity intensityThe amount of funds and the key is that the project party’s expectations to release chips require platforms to coordinate.It is okay to stretch the period for comprehensive income, but it is difficult to settle only to a certain amount of brushing+airdrop return.Even if it is not handled, it will be rejected by public opinion.
Why is this?
In essence, Backpack is a platform party that gathers and integrates resources. It attracts high -quality project parties to distribute airdrops, and then attracts high -quality users to drive growth. This will be a long -term dynamic Tradeoff process.The platform party cannot guarantee that each operating activity can get absolute returns 100 %. After all, it is the project party who distributes the chips. The total amount of airdrops is constant.There must be fewer, very simple truth.
In essence, this is a incentive process of chip allocation. The platform is based on the goal of pulling new and increasing activity and a “reward mechanism” reached by users.How to avoid being reversed is actually a technical work. Instead of holding a short -term acquisition of over -arbitrage returns to bear the risk of losses, it is better to stretch the cycle. From a longer -term dimension, the rate of return is calculated.Welfare has the advantages of top resources (Pyth, W, etc.). On the other hand, after all, Backpack’s own platform growth expectations (coin issuance) is also a “replenishment” benefit that will land at a certain time in the future.
How to define the industry value of Backpack?
Backpack I tend to treat it as a “super application” derived based on @Solana high -performance Layer1 public chain.
In the Bitcoin and Ethereum ecology, everyone is happy to tell the story of Layer2 Infra. The story of the application hinders that it is not as expected to be delayed to the next bull -bear conversion cycle.In contrast, Solana’s ecological differences are quite large. Focusing on high -performance public chains, users who play MEME’s outfield increase users, and planning DEPIN’s super narrative is a large number of DEFI and Games derived in the process., NFT, Payment and other ways.There is a feeling that the Solana ecology has been developing with the genes of Web2+Web3 from beginning to end. Therefore, developing “application” is a problem that will not escape, and it will also become the main theme of the Solana ecological round bull market.
At this stage, almost every blockchain system is facing a more objective factor that tells B -side stories than C -end application imagination space, so when everyone plays Layer2 and other Infra is hot, the Solana ecosystem grows NFT+wallet+combinedThe three -in -one super application paradigm of the Yiyi Institute, NFT is community culture and viscosity. Wallets are used as users to participate in the entrance and DAPP application distribution center, and the compliance exchanges make compliance pipelines that are in line with the real world.
At the moment when the entire blockchain ecology criticizes the financial HYPE attributes, Backpack’s super application paradigm is more like entering a mature product line growth model of web2 in the web3 environment.It will be of leading significance to the extensive application of ecological landing and mature Web2 product strength philosophy.
above
Based on the above observation height, looking at some problems facing Backpack now, it is not difficult to understand:
1) Excessive community attributes are the advantages of the community and the disadvantages of the large -scale expansion of the crowd. In a large part of the people who have not participated in the community, including me, they will be passively brought into the community;
2) Too much attention to the attributes of the rules is the foundation of its future bigger and stronger, but this also limits the diversification of early products and models, and it needs to continue to grow for a long time.
3) “Super Application” is always a good story, but when the entire Crypto can leave INFRA and pay more attention to the application of the application. This is not a challenge facing Solana’s ecology. The BUILELDER in the entire Crypto all -chain environment is for the past.
I used to say that Solana, as a high -performance Layer1, is doing the “advanced” public chain form that leads Crypto Infra architecture. It seems that you need to add a footnote to this judgment.The closed -loop system also leads the integration of Web2 and Web3 applications in the “prevailing”.
Note: Presumably a lot of people, paying attention to Backpack originated from the growth expectations of its “FTX 2.0”. I want to know a project with FTX genes and equivalent backgrounds, and at the same time, what kind of development height will come out of the project “re -departure”.IntersectionMaybe, wait and see.
