Fractal's FSIC and ASIC, are we buying "computing power" or "attention"?

There is less than a week left until the Fractal mainnet launch on September 9. From the very beginning, everyone was looking forward to whether they could replicate the "new asset craze" of last year's Inscription on Fractal, and attention has turned to two other points. The first is "mining" for "grabbing the first mine", and the second is the new infrastructure related to OP_CAT.

Since the latter still needs to wait for some time after the mainnet launch to run out, it can be said that the biggest and most direct hot spot related to Fractal is "mining". Among the NFT projects related to "mining", the ones with the highest attention are FSIC and ASIC.

The progress of these two projects was not optimistic at the beginning of the sale, but they suddenly accelerated until they were completed. Let's take a look at FSIC first.

FSIC's sale price is 0.0048 bitcoins, with a total of 3,800. After the minting started on August 29, it lasted until the final public sale stage to complete all sales.

In the early stage, this project suffered a lot of doubts, such as the team remained anonymous and there was only one photo of the mining machine with the word "FSIC".

And whether the price of FSIC is too high compared to renting the same computing power.

But the reason why the editor still minted 2 FSIC at that time was precisely because the project suffered too much doubt at the time. Before the sale, FSIC had responded to the doubts, and the most important thing was to clarify that the source of its computing power was a one-year lease from the Solo Fractal mining pool. As long as the project does not run away after the sale but really does things around computing power, this kind of "mining" NFT will have its advantages:

For ordinary players, there is a certain understanding and operation threshold for computing power leasing, such as how to buy it cost-effectively, who to buy from, etc. Some leases even have consumption thresholds, and you have to lease a certain amount of computing power to start.

Renting computing power by yourself is more of a "one-way long $FB", especially the higher the popularity of "mining", the more expensive the computing power leasing price will be, but it is equivalent to "being locked" and unable to realize in real time. For NFTs that can be traded in the secondary market, although the computing power of a single NFT may not seem high, the extra price can be regarded as a "liquidity premium", and you can sell your computing power to other players at any time.

Therefore, the essence of "mining" NFT is more like "attention investment" rather than how much can be mined. The key point is that the team should not run away with the money and can buy and sell at any time.

Because FSIC once reached the floor price of 0.01 Bitcoin after all sales, it doubled compared to the minting price. ASIC also began to accelerate when there were more than 1,000 remaining, and finally completed the sale of all 3,150 "mining" NFTs at a price of 0.0062 Bitcoin. The differences between this project and FSIC are:

- $FB mining will not start until one week after the Fractal mainnet is officially launched (the best time is expected), while FSIC will start on the first day of the mainnet launch. Since they actually bought the mining machines themselves, it takes time to deploy new mining machines.

- The average computing power of a single ASIC NFT will reach 17 TH/s, while FSIC is 7 TH/s.

- The $FB mined by FSIC will be given in full, and ASIC will give 90%. FSIC is currently voting in the community whether to charge 1%~2% of the revenue to incubate new projects. Currently, the option of charging 2% $FB has gained an overwhelming advantage, which shows that the community is still relatively robust.

- The ASIC team is real-name, and the FSIC team is anonymous.

The important game points are the first two points. Although the average computing power of a single NFT of ASIC is more than twice that of FSIC, mining will start a week later than FSIC, and the first week is the most critical. At present, we cannot see how the market will react to these two differences in terms of price, because ASIC will only list its entire collection on Magic Eden tomorrow. However, the current floor price of FSIC on Magic Eden is basically stable at around 0.007 Bitcoin, which is still higher than the casting price of ASIC. Therefore, the editor is optimistic that ASIC minters can get benefits at the beginning, but whether the advantage of computing power difference will be fully realized in price remains to be seen.

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