Inscription Craze: The New Darling of the Encryption World

Recently, a wave of inscription fever has swept through the cryptocurrency field, often referred to as "crazy inscriptions." This phenomenon has not only affected ordinary users but has also impacted the operations of various blockchain gaming projects. Some project leaders have reported that employees are shifting their focus to inscriptions, with some even resigning to fully participate in inscription activities. This situation is also prevalent in other teams, where work group discussions are dominated by the topic of inscriptions, and even recruitment responses have significantly decreased. In contrast, while blockchain gaming is also a popular track right now, it pales in comparison to the allure of inscriptions.

The Uniqueness of Inscriptions

For users, inscriptions have three main characteristics: fair launch, full circulation, and an extreme "small bet big" opportunity. For project parties, the main advantage of inscriptions lies in the fact that there is no clear project party on the surface, thereby reducing legal risks. However, as the money-making effect of inscriptions spreads widely among web3 users, these characteristics are gradually being weakened.

1. The myth of fair launches has been shattered. Most current inscription projects have pre-arranged times and batch robots.
2. The concept of full circulation is being challenged. Some projects have begun to reserve a portion of the supply for DeFi and GameFi staking.
3. The threshold for "small bets for big wins" has increased. The rise in gas fees has significantly raised the cost of participation, and the risks have also increased.
4. The role of the project party becomes ambiguous. Whether pre-deploying bots or collaborating with OTC traders for hype, whether these actions can still be considered as "no project party" is debatable.

The Sustainability of the Inscription Craze

Despite these changes, the inscription craze is likely to continue. Compared to past NFT booms and ICO frenzies, the current hype around inscriptions does not seem to have reached its peak yet. As the only new asset class to emerge in this bull market, inscriptions still have many stories to tell. Additionally, veteran miners in the crypto space are motivated to maintain high Gas fees, which could further drive the development of inscriptions.

Future Inscription Project Development Directions

1. Look for innovative inscription projects that can enter the web3 application field, adding actual functionality based on meme attributes.
2. Participate cautiously in the short term, focusing on projects with strong listing expectations.
3. Pay attention to some established inscription projects, such as BRC20's OXBT and Deed, as they may attract new investors.

Personal Views on the Future of Inscription

The first wave of wealth creation opportunities has passed, and do not expect the myth of early Bitcoin mining or ORDI to reappear. However, the second wave of opportunities still exists, especially in terms of exchange listings. Past experiences have shown that listings can lead to significant increases in liquidity and price.

The most promising projects are those that can bring practical application value to inscriptions, whether in DeFi, GameFi, SocialFi, or other fields. Projects that can successfully integrate inscriptions into their economic or business models may become the next ORDI, SATS, or RATS.

Overall, the inscription market is undergoing a shift from pure speculation to seeking practical applications. While there may still be speculative opportunities in the short term, in the long run, only inscription projects that can truly bring value to the blockchain ecosystem are likely to thrive.