Chinese Influence in Crypto

In today's scene of inscription, akin to the stamp collection craze forty years ago, there are subtle critiques of NFTs, sparking discussions among the OGs.

NFTs have undeniably contributed significantly to the industry.

However, the path ahead for inscription is extensive.

As a demand scenario led by the Chinese community, there is an anticipation for inscription to shine on a global stage, aiming to surpass NFTs and MEMEs.

Potential and Challenges

Chinese entities have been pivotal in the crypto space, wielding considerable control in mining and dominating trading volumes in the top exchanges.

However, adherence to US-centric regulations remains a hurdle for trust and recognition.

In the realm of ERC20 tokens and NFTs, Chinese projects often trail the West, which could create a sense of inferiority for the Chinese.

Numerous local Chinese-led enterprises, present themselves in English, standing in contrast to the spirit of homegrown innovation.

NFTs' Market Surge

The roots of this disparity stem from differing industry norms.

While the West fosters self-regulation among industry leaders, China's reliance on governmental regulation fosters a cat-and-mouse game mentality.

The inscription's emergence signals a scene predominantly shaped by the Chinese community, testing industry self-regulation.

Amid the hype, the need for self-discipline, countering opportunistic market exploitation.

Industry self-regulation evolves through a game of interests.

Expectations for the inscription rally echo those of NFTs and MEMEs:

Sustained community vibrancy driven by curiosity rather than just monetary interest, impacting global practitioners and establishing industry norms.

Reflecting on NFTs' rise, from Jack Dorsey's tweet auction to celebrity endorsements, and MEMEs' community-driven potency, highlights the essence of active communities in the industry.

The inscription parallels MEMEs in its user-centric creation model, potentially amplifying cohesion owing to participant investments.

Aligning with this criterion, $MMSS stands out, given its creator, community governance, and international aspirations.

The essence of investment lies in buying low and selling high, and the inscription narrative aligns with this philosophy.