X2Y2 Twitter Space: How Do Scientists Mine Gold Dogs?

Author: X2Y2

Host (X2Y2): @alex_pengfei

Guests:

• Co-founder of Shanghai Qing Oreo

• Community Manager of Shanghai Qing 0xCaptain

• Whale Builder & Kingdata Analyst

• Recording Link

Alex: Today's topic is how scientists hunt for golden dogs. Recently, the market has warmed up, so we welcome everyone to listen to successful experiences in preparation for the potential market recovery to come. I am your host Alex, and I am pleased to invite everyone to the thirty-seventh episode of Space. Today's theme is how scientists hunt for golden dogs, and we have invited three outstanding guests. Please introduce yourselves briefly.

OxCaptain: Hello everyone, I am OxCaptain.

RockyWang: Hello everyone, I am RockyWang from Whale Builder. I mainly focus on on-chain analysis of NFTs and tokens. Since Nason is an institutional investor, our on-chain analysis is more geared towards a C-end voice broadcasting platform. Welcome everyone to use our products.

OREO: Hello everyone, I am OREO, and you can call me Qingqing. Shanghai Qing started during the pandemic because the dog-hunting market began in April. Our community member Jack helped us create a dog tool kit, which now supports FreeMint alerts, batch authorizations for multiple wallets, and scam detection, allowing for one-click identification.

Alex: Let's dive straight into the main topic, which is how to hunt for golden dogs. The first question is something many people are curious about: what are scientists doing during a bear market? Especially since previously, both APT and Blur had many short positions, and many people made a lot of money from APT shorts, using various scientific methods to get rich. What are scientists doing during a bear market?

OxCaptain: My friends and I consider whether the bear market is a false proposition because the profit effect in a bear market tends to decrease, and market sentiment becomes gloomy. The opportunity to make money is always present, though. In fact, many people have made a lot of money during the bear market in their own ways, and I think what they are doing now is quite diversified and may not be in the same field. For example, we all know He Bi made a lot of money in every wave during the bear market.

We mainly focus on tools for hunting image dogs. Recently, FreeMint has become quite popular, especially the FreeMint project that was brought up by Goblin, which has not stopped throughout the bear market. Our community is dedicated to hunting image dogs, and our group is generally active 24 hours a day. Every day, we see thousands of messages, and we can see who has made mistakes or sold off, which is very interesting. There are many opportunities in various niche areas. For example, when we invest in NFTs, there are often image openings. There is an Indian scientist named Baba who specializes in grabbing high-rank image openings and has his own set of algorithms to outperform all tools in the market. For blue-chip projects, the profit can reach around eight to ten ETH.

In the Alpha community TBP I am in, some scientists focus on lurking in some popular projects. Some projects in the early stages acquire many whitelist spots through their own PreMint efforts, and by using methods like breaking a thousand, they can achieve a lot. Every popular project has their presence, which is also quite profitable.

Currently, some FreeMint projects may have removed the floor price during the whitelist stage, dropping to one ETH or one and a half ETH. Some scientists run scripts to quickly grab some public sales, and the profit curve in between is also quite large. These are the things we do every day, but we are more focused on the FreeMint image dog area.

Alex: I understand, and I think you explained it well, giving everyone a close look into the life of scientists. I wonder if RockyWang has any insights into the scientist community? Since you are also a scientist, could you share your daily routine during the bear market? Is it still like it was during the bull market? I have a friend who is also a scientist and used to write code every day during the bull market. I wonder what your current state is like?

RockyWang: Personally, I am currently focused on two areas: one is interaction. Most projects that have emerged during the bear market are quite good, just like the previous cycle's Flow and other good projects that rose during the bear market, like Martin. In this cycle, I am particularly optimistic about the food calculation track in the bear market. Last time with APT, everyone basically just needed to bind an email and DC to get airdrops, which was incredibly easy. As long as you are diligent and create multiple accounts, you can form a combination and interact more. Now everyone is brushing ZK Sneak, and besides ZK, Arbitron in the second layer also has great potential, benchmarking against APT's private UI projects, which should also launch tokens on the mainnet in the first quarter of next year.

I personally think this involves privacy and the second layer, which could be a significant anchor for the future. We will engage in volatility arbitrage because we have certain advantages in data aspects. So for volatility arbitrage, we have a set of plans for grid strategies, trend tracking, and spread arbitrage, and we make related arbitrage decisions. Currently, Bitcoin's volatility is basically fluctuating between eighteen thousand and twenty thousand, moving back and forth. This strategy works well as long as it remains sideways; volatility arbitrage strategies are still quite good. Spread arbitrage, like when ETHW forked, had significant arbitrage opportunities in price.

For newly launched or potentially stable projects, we can achieve relatively stable returns through different arbitrage strategies even in a market with little activity. Although the yield may not be very high, it can ensure a decent annualized return. Personally, I believe that besides these two, there is another group of black scientists in the bear market, which we often see in the news about thefts that occur frequently.

Why does theft happen in a bear market? The core reason is that many project teams face funding shortages during the bear market, and many technical personnel start subcontracting or directly pausing, leading to many projects or DeFi experiencing vulnerabilities. These vulnerabilities provide opportunities for hackers, resulting in theft incidents. Such occurrences are rare in a bull market because everyone generally has money, so the maintenance and technical updates are relatively quick.

This is also a part of top scientists' operations, able to exploit vulnerabilities and code in projects, which can be considered quite a remarkable operation. Today, it seems another project was hacked for fifteen million dollars, involving three scientists. We mainly focus on the first two: interaction and secondary arbitrage.

Alex: What you just said about scientists reminds me of a joke because in the crypto field, it's all about who cuts whom, who is the sickle and who is the chives. The people at the very top are always the most formidable scientists because many of them will look for bugs when they are short on cash and exploit project teams, and sometimes project teams might not dare to speak out even if they lose hundreds of thousands for fear of being accused of not fixing the vulnerabilities, which could lead to panic in the bear market, causing the coin price and the entire project to collapse. So, it’s in this state of being extorted.

Everyone says scientists are at the top of the food chain, like sharks, while others may be at the lower or middle levels of the ecological chain. What does OREO think? You are a project team; do you have any understanding of the state of scientists during the bear market? Or is there anything you would like to share?

OREO: I personally focus more on the image circle, specifically NFTs. Some popular projects are often completely taken over by scientists. I am quite familiar with MintTech, which was very popular, but I am not really in the field of exploiting tokens.

Alex: Can you give some examples of NFT projects where scientists use contracts to snag some good projects? Especially during NFT Mint, the speed of manual Mint versus contract Mint by scientists is quite different. Do you know if many scientists still participate in contract Minting, particularly related to today's theme of golden dogs? Some may have temporarily pulled back.

OREO: Looking at previous projects like Saudi, most of the popular projects are still completely taken over by scientists, including breaking circles and understanding official websites. As mentioned earlier, BlockLyn, the scientists’ cost might be around zero point zero zero something, while for ordinary people, it could be zero point zero one or zero point zero two. The cost for scientists is definitely lower. We still have scientists playing in this area, such as MintTech and Thunder, which are still quite popular tools in the market.

Alex: So I think it still relates to the market environment. Recently, I observed that scientists in the image circle, a few weeks ago, there was a project that seems to have cooled down a bit, called Game Garden, because the contract had some issues, leading to scientists exploiting bugs and Minting a lot. Such projects might only have two or three in a week, but during the bear market, there are many every day, which keeps scientists quite busy. I feel like the pace of life might slow down a bit. Golden dogs in the current deep bear phase or fluctuating market, with ETH recently surging, I think it might just be a retracement rather than a recovery; it hasn't reached an upward trend, just a rebound.

In such a rebound and fluctuating market, how should we judge these golden dogs? The Goblin mentioned earlier has been around for at least two or three months, and it seems that there haven't been many particularly popular ones recently, except for a small raft game that is quite hot. I wonder how to judge the NFTs related to golden dogs?

OREO: As mentioned earlier, Goblin is relatively early and can be considered as having brought up Free Mint, like a wizard. At that time, when everyone was hunting DG, we didn't know there was a background until later when we found out it was for financing. Speaking of pigs, everyone should be familiar with it. If we want to judge a golden dog, we need to see if there is a gameplay. Image dogs will be quicker; after hunting, we will look into the background, whether there is gameplay behind it, including whether there is funding involved, whether someone is manipulating the market, or whether there are market makers. These are my basic judgments on golden dogs now, and we can observe the curves and trading volumes to determine whether to enter.

If there is gameplay, previously there was a clown and corn, which are relatively easy to understand. These all have some gameplay, whether it’s issuing tokens or having financing gimmicks, which can significantly raise their floor prices, making many people willing to enter. Recently, due to the fluctuations in the coin circle, the image circle market has been relatively sluggish, so the golden dogs generated this week, which are zero point zero something or above, are quite rare.

Alex: Currently, it seems there will still be some, but there may be some indicators. Everyone can look at their own order volumes and how the big players might play it. In fact, there hasn’t been that eye-catching, good NFT yet, right?

OREO: Our community prefers not to fall behind because I have also participated in their Space. Initially, it was FreeMint, and the opening price was around zero point zero two. Although the current floor price is relatively low, I personally still like it. I think the trading volume on the platform is relatively low right now, and there haven't been many golden dogs that have particularly caught my interest recently. If the coins stabilize a bit, there should be one or two good projects emerging in the image circle.

Alex: I feel that during this rebound phase, everyone will still pay some attention, but currently, I feel that people who are trading image dogs or golden dogs are shifting to Aplos because the recent Flaminco project has been quite popular, which might lead to some transfer. Is there anything you want to echo regarding the decrease in the number of golden dogs?

OxCaptain: It’s not that the number of golden dogs has decreased, but rather that the market style is changing too quickly. Just like when we participate in FreeMint, the project hotspots are constantly changing. Making money is harder than before; in a bull market, you might only need to pick a few trees to get good returns, but in a bear market, a type of project that was very hot one week might not be as hot the next week. While focusing on what we do, we also keep an eye on the hottest projects on-chain.

As mentioned, Aplos being able to emerge is indeed a rare occurrence, a bit of a survivor's bias. I have previously joined many groups focused on exploiting tokens, constantly brushing various interactions and testnets. The probability of actually getting an airdrop or making a significant amount of money is very low. Many people who exploit tokens find that they don’t make money and stop, and then suddenly a profitable opportunity arises, and these people rush in again. After a long time without projects, they run out again. When we focus on FreeMint and hunting image dogs, we know that in about six months, there haven’t been many truly large golden dogs that have emerged.

We choose a relatively large data approach, using various tools to determine which projects have a certain degree of price increase. Since our FreeMint win-loss ratio is relatively good, we operate with multiple wallets. We have a foreign member in our group named Toast, who operates with nine hundred wallets. If one FreeMint can only be minted once per wallet, with nine hundred wallets, if it rises to zero point zero one, that’s already eight or nine ETH. Using multiple wallets creates a leverage effect.

We use various analysis tools to analyze and judge the data before, during, or after a project. Before a project goes live, we look at some project hot calendars. Many tools create project calendars, which may analyze Twitter Formal data, including the enthusiasm for participating in PreMint. We analyze and organize these projects.

In fact, the bear market is more concentrated because there are more opportunities to make money. Perhaps those true big players have chosen to lie flat, or some people feel they can’t make money and return to Web2. Everyone is still striving, and I think they are all very concentrated in Alpha communities or small circles, still huddling together for warmth. I previously organized an overseas Alpha community, and the current win rate is still quite high, including domestic Lin Changsun and the TBP I am in. Everyone is huddling together for warmth, sharing information, and rushing to hunt image dogs, and overall profitability in various aspects is relatively good.

Alex: It feels a bit like a bear market community, where everyone is still huddling together for warmth. I feel it resembles the logic of VC, because the VC logic is that during a bear market, everyone either refrains from acting or all invest together in projects within the same field, allowing for simultaneous hype or amplifying the story. Aplos is a typical case of the bear market where everyone huddles together for warmth. I want to ask, when huddling together, does OxCaptain choose new projects, or does everyone rush into the same project, creating a Formal wave?

OxCaptain: Each project is different. We look at the fundamentals of the project, including whether they will continue to operate afterward. In a bear market, I am a relatively diamond-handed trader. I believe that in a bear market, taking small steps and quickly taking profits is a strategy that is easier to make money with. I often sponsor some projects to observe their future development, as profits can retract significantly in a bear market.

Alex: So it’s a Flip strategy.

OxCaptain: Before we take on a project, we analyze and judge various data, including the tools that OREO mentioned, which we also use a lot.

Alex: RockyWang, does the current deep bear state affect your judgment? Because you previously mentioned focusing on FreeMint, is there still profit in the current deep bear state? Is there still room for survival?

RockyWang: I personally believe that there should still be room for FreeMint to survive. Although the profits from FreeMint are minimal now, FreeMint symbolizes a spirit. Back in early this year or around March-April when playing NFTs, everyone was filling out project forms to grab whitelist spots. It used to be that you needed to pull in three friends for a five-level referral, and you could get a whitelist in DC, then take photos and make various memes, and the project teams became increasingly outrageous.

FreeMint emerged to break the whitelist. For us users, we lean towards a spirit of blockchain, which is decentralization combined with more transparency and fairness. FreeMint symbolizes this spirit and cultural orientation. In the later stages, besides Goblin leading the way, there should still be a continuous emergence of such FreeMint projects, which should yield some good golden dogs.

Because of the current deep bear state, the difficulty of FreeMint will be a bit higher. Recently, one NFT we played is the Reddit avatar, which is currently the largest forum in the world, ranking as the fifth largest website in the U.S. after Instagram and Twitter, with a user base of around 1.5 billion. The second generation of NFTs was released in October, as the first generation took four months to sell out. This time, the NFT sold out within twenty-four hours.

In a bear market, relying on such a large platform with its own endorsement and influence, we are more willing to try. Although I didn’t use it during the Mint phase, I bought it on the secondary OpenSea at around zero point two, and it peaked at zero point nine, giving me about two times the profit. In fact, being able to launch NFT projects in a bear market indicates that there must be some advantages, as the bear market has eliminated many trash projects. I know that in such an environment, creating relatively fake data, the costs and consequences or future selling situations may not be optimistic, as everyone is quite frugal in such circumstances.

Just like the Mint project released yesterday called FridayBeer, it’s a podcast from the U.S. that is often heard, and they have over a hundred thousand followers on T-Talk and YouTube, with over a million followers on Inks, belonging to a relatively casual and humorous club culture. Currently, the price seems to be around zero point zero six on OpenSea. Personally, I am willing to try such culturally significant and influential projects that can emerge in a bear market because the prices are low, and I am willing to take that risk.

As a Pascal of the club, there may be more similar NFTs released later as a logic guide for airdrops. In this situation, I am willing to purchase NFTs with lower prices and ample imagination, where the community background and the platform itself have certain influences. I believe that the bear market has already eliminated many inferior NFT projects.

Alex: I hear you, and you believe there is still some space for FreeMint projects, but because the bear market has filtered out many projects that should fail, the probability of survival for those that remain is still there, making it worth paying attention to. As for specific projects, it still relies heavily on personal judgment, and I think it’s essential to look at gameplay and operations.

NFTs depend on whether the gameplay and operations can attract people and tell a good story. Most project teams still have some deviation in the completeness of the story they tell. I wonder how OREO views the share of FreeMint? At its peak, half of the projects were in FreeMint, but now the number of FreeMint projects has decreased, indicating that this trend is declining. What do you think about this phenomenon? Will it gradually become a niche category? Or might it come back? What is the trend like?

OREO: I believe FreeMint will still have a certain market. In the past week or the first half of the month, the profits from FreeMint may not have been high, but the profits from some paid projects have increased. Just like when we were playing Helix, initially, hardly anyone was Minting, but by the last thousand pieces, they were all snatched up.

In fact, this profit is quite considerable. For example, PAL had many people Minting. In the first half of the month, paid projects were relatively active, but I’ve noticed that the market for paid projects has become worse in the last couple of days. We saw a training leaderboard, and the free projects like VOX and VOT are also FreeMint, which should have shifted from paid to FreeMint because no one was Minting the paid ones, and the floor price has risen quite well.

If the coin price stabilizes for about a week, the FreeMint market should return, including a paid project themed around women that I have participated in. The FridayBeer project that RockyWang mentioned, I also participated in, but its current performance is not satisfactory. I am looking forward to their future performance.

Because the coin price has fluctuated too much in the past few days, it may lead to significant fluctuations in Get. If it’s FreeMint, the Get might be around fifty, and the win-loss ratio isn’t that strong. FreeMint, as mentioned, might have a Get below zero point zero, around zero point zero zero five, which has a better win-loss ratio. If it has already risen to a Get of zero point zero one, I also advise everyone in the group not to enter because the win-loss ratio is too poor. I have seen many high Get projects that, after a wave, have no buyers and directly die. In such cases, the secondary market is more cost-effective. I personally believe FreeMint will still have a sustained market.

Alex: So you think it depends on the win-loss ratio of Get and that due to the current bear market phase, last month I also participated in this project, and those making money were mostly from paid Mints, while FreeMint didn’t attract much attention, so I didn’t make any money. At midnight, the Get fee was quite high, around fifty or sixty, so it was also quite a loss. I can take your advice. How does OxCaptain view the future changes in the FreeMint market? Will it continue, or might it come back like OREO suggested?

OxCaptain: I hadn’t considered whether this project is a product of the bear market or whether it will disappear after the bear market ends. However, we are more inclined to think that regardless of whether it’s the project team, the platform, or the users and traders themselves, we are more inclined to believe that FreeMint might be a long-term existence. Currently, royalties are becoming optional, and traders believe that OpenSea still has a relatively large user base in various aspects.

In fact, OpenSea has not made any concessions in many areas. For example, my trading platform fee is still two point five percent, and royalties will not be adjusted. We have already launched X2Y2 in bulk because users have these demands, but there is still no way to shake OpenSea's trading volume and circulation in the short term, so it won’t be affected too much. We will consider the existence of projects that previously did not have FreeMint or were relatively few. Now that the market has been educated by FreeMint, when it returns to a normal market, will the acceptance of such paid projects be lower than before?

Initially, many projects only needed to paint a pie, and everyone would buy into it because FreeMint provided some unexpected experiences. For future projects, regardless of their roadmap or subsequent financing, if they provide experiences that exceed what I previously encountered in paid projects, I might hope to find these things in FreeMint in the future.

If such people exist, the market will not be completely compressed. FreeMint is currently a survival space for project teams in a bear market. Many project teams I have experienced may have started making many plans during the bull market, but by the time of the deep bear market, they might find that Minting is not feasible or face many situations. If they choose FreeMint, the project might completely die. In the past, when I was in operations, if there was a very low cost to attract users, those users could become the foundation for the future development of the project. Just like Shanghai Qing was also a FreeMint project initially, and later the community became the backbone of this project, with our engineers also coming from the community.

Projects are closely related to users, and FreeMint can help projects acquire users more quickly. Returning to the market itself, there are many old chives in the current bear market who have run out of money and have become more rational. The market may need some new chives to come in. If new chives enter the market, comparing paid and unpaid projects, they may also urgently need some paid project teams to make more plans, including more practical things; otherwise, they might not even be able to compete with the free ones.

I believe FreeMint has lowered the barrier for users to enter NFTs. In a very long-term phase, before the real big bull returns, FreeMint should have a very lasting market, although it may be affected by market fluctuations. We have been participating in FreeMint projects since around April-May until now. Although the market situation has been disturbed by various projects in between, the market will eventually return. However, due to the entry of scientists and various people, the difficulty of making money will increase, but this phenomenon itself will not lead to extinction in the short term.

Alex: I understand. In the short to medium term, the market needs something with a low entry barrier, and FreeMint is such a path that will not be replaced for the time being. When the bull market comes back, project teams will find various ways to allow everyone to obtain it. At that time, the demand will exceed the barrier, so people will be more willing to Mint. Project teams, driven by profit, will certainly want to collect a Mint Fee, and everyone will be willing to pay because of the wealth effect. The share of FreeMint may be squeezed, which is a psychological game. Your analysis is very thorough, and it also raises the question of whether FreeMint is a product of the bear market.

I think it is, but will it disappear with the end of the bear market? This is unknown to everyone, but at least for a considerable period, it will still accompany us because we are still in a fluctuating phase. The last question is, regarding trading, whether it’s project hunting or secondary trading, what projects do you find particularly interesting? Of course, this does not constitute any investment advice, just casual exchanges.

OREO: I find the new moon project quite interesting, and I have heavily invested in it.

Alex: Do you have any regrets?

OREO: No, because I looked at the chart and quality of the new moon and found it to be okay. In the 3D area, it is viable, and the recent line at zero point three is basically a long-term support level. When it drops to zero point two eight, it quickly returns to zero point three. I have Minted myself and swept some on the secondary market. I am quite optimistic about their opening chart; if the quality is similar to what was released, I believe it will still pump.

Alex: Everyone can pay attention to it. Perhaps due to the excessive wealth code, it suddenly exploded; Twitter can be like that, very strange. It was really awkward just now.

OREO: Exploding is very normal.

Alex: Quickly change it back, I don’t know why Twitter keeps crashing; it’s very strange and frustrating.

OREO: It’s related to interests; I’m not making any recommendations.

Alex: RockyWang, have you seen any particularly interesting projects recently?

RockyWang: I haven’t really looked at secondary and image dogs because image dogs are basically short and quick. NFTs are usually buy three, sell two, keep one; that’s basically the logic. So I quickly sell them out. Currently, the core tracks I’m looking at are first the privacy track. The ALEU project is a mainstream privacy computing token based on ZK, and the investment background is still very strong. The second round of financing has reached two hundred million dollars, including Vision Fund, which is Masayoshi Son's, Samsung Capital, and Sequoia seems to be involved as well. The second round raised two hundred million dollars, and it’s also a privacy public chain project.

I believe privacy computing is a core necessity for the next Web3 infrastructure, so I am quite optimistic. It is still possible to support mining, using a POW consensus mechanism. The third round of testing should start in early November, and you can mine using graphics cards. I find this project quite interesting, as they have developed their own programming language, and their layout is quite comprehensive. The team is also impressive, with ample funding and a strong investment background, so I am preparing to participate in the third test, which is the logic of mining.

For the second layer, Arbitron, as everyone knows, OP's performance is quite good, and I think it has potential. ETH Roll-up's ZK Sneak is also a key focus in the second layer expansion, which I have been paying attention to recently. Currently, I am brushing interactions, and the interaction costs are still high because of the need for staking. Personally, I am focusing on these two areas. Currently, these three projects have not yet launched and are early-stage projects, so everyone can keep an eye on them.

As for launched projects, I won’t mention them. The next track everyone knows is the infrastructure of Web3, a series of tokens that should have potential. Here, we can look for some infrastructure projects, including public chains, indexing protocols, social graphs, etc., which are all storage infrastructure projects worth laying out at the bottom. Because these projects have mainstream tokens, Link, GRT, AR, and Field Coin are all doing quite well in the infrastructure space, so everyone can pay attention to them.

Alex: It sounds like there are still many recommendations related to privacy and social aspects. One advantage of the bear market is that, including when Altos was brushed, it was quite enjoyable. Score is also a Chinese team that invested two billion dollars, and during testing, someone brushed three hundred thousand. The project team wouldn’t give them empty promises, thinking it was too foolish. I believe everyone needs to judge for themselves because project teams won’t explicitly state airdrops; they will still hint at them, so everyone needs to assess the risks themselves. Lastly, I want to ask OxCaptain.

OxCaptain: Currently, in the short term, I am still focusing on the ETH chain. For NFTs, I am currently paying attention to three modules: relatively hot domestic projects, including the domestic QL project that is quite formal, including the front-end control of Magical Cats. The entire domestic scene is quite formal. I categorize these projects into this type, similar to the previous Black Cat and Magical Cat, including the upcoming Mysterious Creatures, which should have financing expectations by the end of this year or the first half of next year. The market heat and various aspects are still quite good.

Recently, there was a big scoop, and I think this project has a profit expectation. The domestic people are all focusing on formal domestic projects, which is a good choice. Since I do a lot of flipping, I can get a decent return during the trading process. I will set some targets with some foreign Alpha communities. For foreign underground projects, I will monitor their trading data on-chain, analyze and judge some fundamentally sound projects, and choose to enter before they do and exit before they leave. This is generally a relatively stable approach.

In the bear market, what everyone does less is deep research. They may look at the project team's layout and strength. This year, MiniLand can be considered an annual project, and the main project is expected to launch around mid-November. Currently, if you buy three potatoes, it’s a FreeMint project, and it should be around one point three ETH, which can secure a ticket for the main project. This is currently a relatively good choice.

My view is that there are gains without tears, but if you scatter your investments, you might end up losing big while picking up small gains. Everyone has their strengths; some people excel at exploiting tokens to make money, while others excel at hunting image dogs and can also make money. But if you try to do both, you won’t make much. During the focus process, I tend to lean towards some hot projects or hot links, where I can grab the bonus money, like the first wave of ETHW, because it was mainly people from AWS doing it. Early on, they could get many whitelist spots and then make a significant profit in between, including Aptos and early NFTs. Previously, those who exploited airdrops could also make a lot.

Because I focus on NFT projects on the ETH chain, I can’t make a lot of money in it, but this chain can bring me relatively stable returns, and if I can earn, I will. Recently, a friend sent me a message about a Web3 platform where one USDT can buy a PaaS, and now the floor is around two thousand two hundred, which is also a relatively good investment. I will make these choices.

Alex: I understand. Thank you very much. This has also set a flag. Interesting projects are worth listening to, but this is not a recommendation. During the bear market, everyone can learn from each other and see what the big players are investing in. We do not provide any investment advice. Do any of the guests have anything to add, or do you want to see if the audience has any questions? If not, today’s Space will conclude here.