PANDORA was very popular some time ago, and it rose from 1245U to 32000U like a bulldozer, which was jaw-dropping. NUTS peanuts, another popular project, was an earlier image-to-coin duality project than PANDORA, and its price also soared.
It is said that for a project to take off, narrative, soil and timing are very important. It is obvious that Pandora has received more attention than NUTS. This is due to the accumulation of funds in ETH, the large number of large investors, and this time it is a hot spot in the entire network, and it has been rising all the way without stopping.
PNADORA borrowed the innovation of NUTS, but Pandora came up with the so-called ERC404 protocol, which is based on ETH, ecology, funds, and popularity, which completely overwhelmed Nuts. So to see the NUTS project clearly, we must first understand what it does, what innovations it has, and what investment opportunities it has.
According to the official website, Tiny SPL is a new token standard that allows you to own tokens in Solana without worrying about rent issues.
In plain words, NUTS, as a compression technology, can infinitely reduce the storage cost on the SOL chain. What is derived here is that SOL is a POS chain, and the storage on its chain requires costs, which is actually a rigid demand for NFT.
As the first token of the TINY SPL standard, NUTS has a status similar to ORDI in the BRC ecosystem. According to the first principle, if the protocol is to be established, the first coin must be established. If NUTS cannot be established, then Tiny SPL will not be established either.
So what innovations does Tiny SPL have?
1. NFT can be compressed, making minting NFT at infinitely low cost.
2. Make the cost of using this protocol almost zero
3. Allow NFT to have a certain amount of liquidity, can be used as a currency swap, and can split any digital balance.
It is said that the duality protocol of image and currency, including the ERC404 protocol, may change the pattern of the NFT track. So we will wait and see how the protocol develops.
Friends who play with NFT all know that the biggest pain point is poor liquidity. Previously, NFT existed as a work of art, but now they are all replicas, whether it is the Moon Bird or the Bored Ape, etc. Do you think it has a high artistic value? I don’t think so.
However, NFT has its uses as a medium of exchange, a brand, or even a premium, or a symbol. New things should not be biased. Maybe there will be some innovative things in the future. But for now, NFT has a lot of pain points. Although BLUR's order-pending model also solves the liquidity of NFT, it is not very ideal.
The emergence of Nuts and Pandora solved the fundamental reason that the previous currency was a currency, the picture was a picture, and both buying and selling required placing orders, which led to extremely poor liquidity. Now NUTS and Pandora show that the currency is a picture, and the picture is also a currency. Those who like NFT can collect it, and those who don’t like it can trade it on DEX at any time, which greatly improves the purchase and investment experience of NFT.
The second is the issue of royalties. Previously, when NFTs were traded, the platform set a royalty rate, and the platform changed the royalty rate at will for its own development, which did not bring ideal benefits to the team and developers. To put it bluntly, if NFT itself has no empowerment and connection, it is just a small picture and has no value.
The so-called value is speculation. In the financial market, anything that can be speculated is valuable. Indirectly, NFTs also have unique prices, which is normal.
Nuts and Pandora can form liquidity on DEX, and the income generated by liquidity will be rewarded to the issuer and team of NFT. This directly binds the growth of the project and the project owner, which is also a great progress.
In general, the Nuts protocol improves the problems of NFT's indivisibility, poor liquidity, and royalty differences, solves the storage cost of the SOL chain, and as a new token protocol standard, it can completely rewrite the development pattern of the NFT track.
When I first knew NUTS, the price was 0.5U, 3.6u at its peak, and a total issuance of 21 million pieces. The current price is 1u, and the corresponding market value is 21 million Wu. In terms of the innovation of nuts and the changes in the NFT track, it is underestimated.
The development of the crypto industry has been an innovation in asset issuance, and each iteration of asset issuance will bring prosperity to assets. For example, pow, ICO, inscriptions, etc. have brought prosperity to the industry, so the valuation of the corresponding leading projects is also very imaginative.
The NUTS project is far from being a so-called asset issuance. If it succeeds, it will change the market structure of NFT, and the corresponding valuation will not be as high as that of asset issuance such as inscriptions.
But there is still a lot of room for growth. Pandora’s current market value is 150 million US dollars, while Nuts is only 22 million US dollars. Now any popular MEME can be valued at over 100 million US dollars, and 1 billion US dollars at its peak. Not to mention the local dogs on the ETH chain, there are many projects on the SOL chain with a valuation of over 500 million.
Therefore, my personal analysis shows that NUTS can reach a FDV of 500 million US dollars. Although the price is temporarily low, the prospects are promising. I always vote with money when I am optimistic about something, so I will continue to buy it. Whether it can really reach 500 million US dollars, then we will let time prove it.
