From the rare cards in instant noodles to Axie's NFT cards, seemingly similar forms of entertainment have vastly different prices due to the participating crowd, value scenarios, and model iterations:

  • A rare card in a 1 yuan instant noodle pack can sell for dozens of yuan, while Hearthstone cards require an investment of thousands or tens of thousands, and Axie cards start at a thousand yuan, with the most expensive reaching hundreds of thousands.

  • The logic behind this is: as the levels of participation upgrade (from children to global players) and the value scenarios expand (from collectibles to on-chain assets), what seems 'expensive' in a low-dimensional perspective may simply be 'basic configuration' in a high-dimensional perspective. The evolution of Bitcoin is exactly like this:

  • Initially, it was a geek's toy, trading ten thousand for just two pizzas;

  • Later, due to speculation, it gained a price, rising to hundreds of dollars;

  • When institutions and small countries began to recognize it, the price broke through tens of thousands of dollars;

  • Today, its market value is only equivalent to that of a giant company, far less than gold—if considered as a 'new type of value storage tool', its value discovery may have just begun.


Assets like Ethereum that carry the blockchain revolution are similarly situated. Short-term price fluctuations are insignificant; the real transformation has just begun.