My original goal was to improve my knowledge of NFT through buying them. Because it is not simple to be able to truly rise to the investment of encrypted art, the amount of funds and operational capabilities required are not simple, and the production of encrypted art requires a combination of resources, artistic power, and capital, which are currently far beyond my ability circle. What I call "capability" here is not ability in the narrow sense, but capability in the broad sense. It includes the required resources and capital, and even luck itself is included in it.
Because of Uniswap's successful investment experience (the so-called "success" here is a narrowly defined success defined by two standards: first, outperforming Bitcoin in the same period; second, the market value is stable in the top ten), I am experiencing NFT In the process, I have been trying to find the "next Uniswap" in the so-called NFT field. Readers often ask me who is the "next Uniswap" in the NFT field. The so-called "next Uniswap" in the NFT field refers to who can become the leading project in the NFT field like Uniswap in the DEX and even DeFi fields. People often give me the so-called NFT track top ten project increase list or something. But let's be honest here, none of them are worth investing in. The so-called NFT track gains list is even some garbage rankings concocted to deceive the small leek. Look, what are the leading projects? Investigate a little bit of their old bottom. Many of them were ICO cutting leeks during the last bull market. What was the story they told about cutting leeks at that time? Is it NFT? Not at all. So why are they all posting to the so-called NFT concept now? Isn't it a hot spot, trying to take advantage of this bull market and cut a handful of leeks? I would advise those readers that to get started in the blockchain industry, you must first master Satoshi Nakamoto's thoughts, without supervision, and without authority. You still have to pay attention to the original intention of the project party, as well as the development history, reputation records, and tracking records in investment. Those hot projects have no unshakable original intentions and long-term beliefs. Such projects are left to the speculative hot money and stupid leeks, serious investors who are determined to long-termism, or It's better to stay away. Confucius taught us that a gentleman does not stand under a dangerous wall. The project party can't last for 5 or 10 years. How long is your investment? Without 5 or 10 years, how can we get enough compound interest and how can we get a return of more than 100 times?
The best investment time is a bear market, followed by the early and early days of a bull market. My position on UNI on 2020/11/4-2021/2/28 belongs to the latter (Refer to Reading 3/9 "Uniswap (UNI) Real Offer Review: Standing 30 knives, ranking among the top 10 in market value, significantly outperforming Bits Coin" [link]). And now the bull market has reached the midfield (refer to reading 2/21 "Bull Market Has Entered the Midfield" [link]), and all targets are valued on the high side. The demons and demons were all resurrected, and the bone spirit became a flower girl, dressed even more coquettishly than the girl from the Liang family. In the bull market, the real high-quality projects cannot surface because your eyes, ears, nose, tongue, body and mind are all surrounded by rubbish projects. Think about Uniswap, which was born in 2017. Who paid attention to Uniswap in 2017-2018? almost none! Who still thinks Uniswap is rubbish in mid-2020? A lot of people! Never overestimate your own naked eyes. Everyone thinks that they are Monkey King, but they are actually just a silly Tang Seng. He gave his Tang monk meat to the bone spirit, and was still helping the bone spirit count the money. Even if it is a so-called excellent project like opensea, if it dared to issue coins in the current bull market, I would not think it is worth investing. I would rather wait until the next round of bear market tests to see it, because the bull market issuance itself is the action itself. First of all, its motive is questionable, and it should be treated in the spirit of always presuming the worst malice as Lu Xun said.
I saw a tweet two days ago and made an interesting point. It is to imagine that if the Mona Lisa is to be transported from France to Shanghai for exhibition, the transportation, security, insurance, etc. required are definitely very expensive; and if the beeple works sold by Christie’s (Refer to read 3/12 "$69.35 Million! Christie's first auction of blockchain NFT artworks was a big success" [link]) The cost of shipping from Christie's in Hong Kong to sellers in the United States is nothing but the Ethereum blockchain It’s just a transfer from the previous one. I have to say that it is quite enlightening. Because of the decentralized blockchain, the transfer of value has never been easier than it is today.
In addition to investing or producing NFTs and investing in NFT projects (referring to application-layer projects) in the layout of the NFT track, there is also the so-called NFT infrastructure. At this level, there are also various public chains flying around the sky, claiming that they are engaged in NFT, what NFT public chain is. It's all nonsense. Let’s take a look at who is the public chain that carries the most value, the most and the longest history of NFTs? Well-deserved, the only one is Ethereum. Is decentralization important to NFT? Too important. Time is not critical to NFT? It's too critical. Which public chain allows you to travel back to the beginning of 2017 and create another cryptopunks? No, no one can do it! Time cannot travel, and history cannot be recreated. Just like you can never go back to the Qin Dynasty and recreate the terracotta warriors and horses. The value of NFT is similar to that of Terracotta Warriors and Horses. Over the years, the accumulation on the NFT grows thicker, and only the chain with the longest life cycle can maintain its prosperity.
On 2/28, during the big correction, Ethereum fell below $1400. I started to build Ethereum from the position below $1400 (refer to 3/2 "The Great Counterattack of the Jedi" [link]). The rise of NFT will bring more anchored value to Ethereum. Moreover, unlike Bitcoin's cross-chain injecting value into Ethereum, and DeFi amplifying value through financial leverage, NFT brings true zero-level value. Moreover, unlike ERC20 homogenized tokens, NFT cannot transfer value across chains, because after crossing to other chains, the timestamp and history are interrupted. For things on the target chain, the timestamp can only be traced back to the cross-chain. One moment, and cannot go back to the earliest moment of NFT. The earliest history of NFT can only be on Ethereum. Therefore, the value of NFT will only be firmly locked in the Ethereum ecosystem. As the value of NFT grows, the value monopoly of the Ethereum ecosystem will be greatly enhanced.
Today, Ethereum has surpassed 2500 dollars and reached a new high. I will continue to hold a position in Ethereum, calm and happy, and I am happy to see it happen.