Inscription Boom: Opportunities and Challenges Coexist

Recently, the hot topic in the cryptocurrency world is undoubtedly inscriptions. This craze has not only affected the market but also impacted project operations. Some project leaders have stated that employees are shifting their attention to inscriptions, with some even considering resigning to focus on this. As a currently popular track, chain games seem overshadowed in the face of the enthusiasm for inscriptions.

Characteristics of Inscription

The initial features that attract users to inscriptions include: fair launches, full circulation, and the ultimate "small bet for big returns" opportunities. For project parties, the apparent lack of legal risks is also a significant advantage. However, as the popularity of inscriptions continues to rise, these features are gradually weakening.

1. The myth of fair launches has been broken, and emerging inscription projects are likely already well-prepared.
2. The concept of full circulation is being challenged, as some projects begin to reserve part of the supply for DeFi and GameFi staking.
3. The threshold for "small bets with big returns" has increased, and the high Gas fees have significantly raised the cost of participation.
4. The role of the project party has become blurred, whether it is early deployment or collaboration with off-site merchants, it has already exceeded the scope of decentralization.

The Future Direction of Inscriptions

Despite the controversies, the inscription craze is likely to continue heating up. Compared to the madness of NFTs and ICOs in past bull markets, the frenzy surrounding inscriptions may not have reached its peak yet. As a new asset class emerging in this bull market, there are still many stories to tell about inscriptions. Furthermore, veteran miners in the crypto space are also motivated to maintain high Gas fees, which could further drive the development of inscriptions.

For investors, the following strategies can be considered:

1. Focus on inscription projects that can bring innovation to Web3 applications, especially those that can provide real value beyond meme attributes.
2. Participate cautiously in the short term, focusing on projects that are expected to be listed on mainstream exchanges.
3. Pay attention to some established inscription projects, such as BRC20's OXBT and Deed, which may attract new funds.

Personal Opinion

1. The first wave of wealth opportunities in the inscription market has passed, do not expect to see the myth of early Bitcoin or ORDI reappear.
2. The second wave of opportunities still exists, especially when a large amount of liquidity may be released when listed on exchanges. Paying attention to inscription projects with strong listing expectations might be a good choice.
3. Look for projects that can combine inscriptions with practical applications, whether in the DeFi, GameFi, or social finance sectors. Such projects could become the next ORDI, SATS, or RATS.

Overall, the inscription market presents both opportunities and risks. Participants need to stay clear-headed, analyze rationally, and not blindly follow trends. At the same time, attention should be paid to innovative projects that can bring real value to the Web3 ecosystem, as they may be the dark horses of the future.