Sleepy, founder of Little Ghost: "Being alive" is the blue chip of the next bull market

0x13(Sleepy)

23-11-21 12:00

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Original title: "Sleepy, founder of Little Ghost: The old NFT projects that are still alive will be blue chips in the next bull market"

Original author: sleepy

Editor's note: Sleepy, founder of Little Ghost, published his 10 predictions on the development direction of NFT in 2024. He believes that the large-scale application of NFT requires content innovation, and the "living" of NFT requires entrepreneurs to continue to do things. At the same time, he mentioned that Meme will not disappear, the life cycle of new Meme will be shorter, and NFT in the RWA track is yet to be discovered.

It's almost the end of the year, and I suddenly had an idea to take a snapshot of some of my current ideas, and then verify how many of them have come true and how many have exceeded my imagination at the end of next year.

1. Some NFT IPs will really drive Mass Adoption

Personally, I think it is not realistic to achieve Mass Adoption by challenging the existing financial system. Although decent practitioners in our industry have a decentralized ideal, and it has been relatively popular in some countries with severe inflation, foreign trade transactions and other scenarios, it is not realistic to achieve Mass Adoption through tokens in our daily living environment. The NFT IP itself represents the ability to continuously output content. In my opinion, content is a better way to attract outsiders. Only by attracting content and lowering the entry threshold in terms of technology can we have the opportunity to achieve Mass Adoption. The difficulty has never been to teach outsiders how to use a wallet, but to convince outsiders why they have to use a wallet.

2. Old projects that are still alive will all be blue chips in the next bull market

Here, "alive" is not judged by floor price, trading volume, etc., but by whether the team is still doing things. I would like to give the following words to entrepreneurs in the industry. Believe that hard work will be rewarded. Although we always say that this industry does not reward long-termism, what we have done will always be seen by others. True long-termism will definitely be rewarded.

3. PFP Collection is still the mainstream form of NFT

What I mean here is that most projects that want to use NFT for marketing will still use avatars to issue their NFTs, because after users change their avatars, they will become the propaganda of the project in various social media. To give an example that may not be appropriate but can express my idea well, the social media account of avatar Holder will become the focus media on various social media platforms.

4. It is difficult for a PFP without a carrier to survive for more than 6 months

The "carrier" here, in plain words, means "what exactly does your project do", for example, Tiaohai is also doing various activities and marketing, but its main business is selling wine. Projects need to have a complete business model, and there will be less and less time left for new projects to slowly explore the business model after the sale. In other words, entrepreneurs can no longer wait until the NFT is sold out to complete future planning and resource integration, but must put these in advance.

5. The life cycle of new memes will be shorter

Memes will never disappear, and there will always be endless new ones. In 2024, the life cycle of Meme NFT will be shorter than it is now, and the wealth effect of individual projects will be even crazier.

6. The status of artists in commercial projects will be further reduced

Top-level projects in all aspects are not discussed. With the development of AI, the gap in the art of NFT projects will be eliminated. Unless the design of the IP itself is extremely unique, artists may still be dominant in personal art projects, but they will become more and more like tools in commercial projects.

7. NFT has great potential in the RWA track

I have not studied RWA in depth, so some ideas may be wrong. Welcome to correct me. The most important thing about RWA is what the asset package in the real world is. From a personal perspective, the asset package I am more interested in is the income rights of offline stores. Some time ago, I communicated with a friend who is an investor in Web2. Now they are trying to use the drip irrigation model to invest in offline stores. The specific model will not be repeated. If you are interested, you can check it out yourself. I am looking forward to obtaining the income rights of several offline stores by holding certain NFTs. Of course, how to convert between fiat currency and crypto is also a problem to be solved, but I am very much looking forward to it.

8. NFT liquidity solutions continue to iterate, and existing products are facing challenges

I am not a finance major, and I don’t speculate in cryptocurrencies much. I just thought about whether it would be more reasonable to combine the two NFT liquidity solutions, Blur and Flooring, and add some fancy stuff. I regard Blur as an NFT liquidity solution rather than just a trading market. Entrepreneurs who want to get rid of Blur, OpenSea and the like can also think about it in a different way.

9. Fully Virtual’s metaverse will continue to be sluggish, but I am very optimistic about the application scenarios of the combination of virtual and real

Pure virtuality is very demanding on the experience, especially with the name of the metaverse. If the experience is average, you will be criticized, not to mention that most of them can't even be "average". In addition, various problems such as social attributes and real-time rendering are constantly increasing in intensity. From a technical perspective, there is a high probability that there will be no play in 2024. But I am very optimistic about the experience of combining virtuality and reality. Before virtual assets bring us into their world, we should bring them into our world first.

10. There will be a super NFT project across multiple tracks

Projects starting with NFT IP have a lot of room for imagination. The reason is simple. IP can adapt to any product and any track. For example, any project, whether it is DeFi, RWA, GameFi, social, metaverse, trendy brand, etc., can use the little ghost IP as the "spokesperson" of the project. Therefore, under the premise that the team wants to do things seriously, the NFT project has a lot of room for extension, and various projects can be connected later. Of course, it is impossible for a startup to lay such a wide pipeline at the same time. I just proposed a possibility. Entrepreneurs should still be down-to-earth and take one step at a time.