1/ In the early morning before the crash, I was working on this NFT Quine by Larva Labs The background is both big (after all, it's the pioneer) and small (NFTs have cooled down 😂) - The new work released by the founder of Cryptopunk, with a punk market cap of $2 billion - Its brother work Meebits, with a market cap of $70 million - Its brother work, pure on-chain artwork Autoglyphs, with a market cap of $175 million Now this work is the latest: - Name: Quine - Total supply: 497 - Market cap: $17 million - Floor price: 8.32 ETH - Mint price: 7.56 ETH If you have money to spare, I suggest you buy one, after all, it's benchmarked against Autoglyphs; If you have no desire to buy, then don't buy, this thing is just a number, worth nothing 😁 --- Forget it, let's review the process of this NFT ⬇️⬇️⬇️

2/ Why is it so expensive? At first glance, the price of 7.56 ETH seems very high, but considering a few factors, it's actually quite reasonable. - Limited supply: Not 20,000, not 10,000, not 1,000, only 497. - Artistic form: A limited edition artwork created in collaboration with Art Block (probably no one recognizes it anymore, but it doesn't matter), and Art Block will not produce any more in the future. - Form of existence: Purely generated on-chain, unlike apes; even if this company disappears, this artwork will still exist on-chain, similar to Cryptopunk. So the total market value is only 17 million USD, which we bought with real money, but there are only over 300 people 😂.

3/ Let's review Quine's sales process, which was quite ordinary. If we go back two years, the launch of this NFT would have been unprecedented. Various big players and scientists would have been glued to their computers, but now it's like a deserted street. At first, I thought that even though it wasn't as hot anymore, there would definitely be people competing with me, but I overestimated it. 1️⃣ Minting method: 477 were publicly sold, everyone placed bids, and in the end, the first 477 people successfully subscribed, but the price was settled at the lowest bid, and the rest of the money was refunded. 2️⃣ Time: 24 hours, so initially, not many people were competing, only 0.25 ETH. I also bought a few, realizing it needed 24 hours to end (the day before the crash), so I went back to sleep. 3️⃣ Last 10 minutes: Based on past experience, the last 10 minutes are definitely intense, so I was fully focused in front of the computer. I was just waiting for the last minute, and at that point, it skyrocketed to 7.56 ETH each, and the minting was successful, incredibly smooth (which shows that really no one was competing 😂). I was so tired that I just rolled off to sleep, not expecting the 1011 tragedy to happen later.

4/ Summary NFT artworks ultimately return to their artistic attributes, with no one Fomo-ing and no one Fud-ing. Quietly waiting for value discovery in the corner. Friends in the punk group are playing punkstr, strstr, and I'm playing quine😂