Everyone says that the emergence of PING is very similar to the BTC inscription craze of 2023, why is it like that? Like where? Will it evolve and develop like the inscription market? First of all, the answer is: yes. Okay, let's elaborate on the specific logic as follows: 1) Why is it like that? The core lies in the combination of legitimate data on the chain and off chain interpretation rights. The operational logic of the inscription is that the user sends a transaction to the BTC mainnet and holds a specific UTXO, but the BTC mainnet does not have the ability to determine which transaction is valid, and the Ordinals protocol is the indexer that determines whether the inscription is valid. As a third-party referee, it scans all transactions on the chain and determines which ones are valid genuine inscriptions according to its own defined rules, such as "First is First". The operation logic of PING is almost the same formula: users send USDC to a specific address on the Base chain, and the address is dynamically returned by x402scan, which is equivalent to the user sending a "payment request" to the x402 protocol. However, the Base chain and x402 protocol themselves do not know that this is a "mint PING", in their eyes, it is just an ordinary ERC20 transfer. What truly gives this transaction the "mint meaning" is the x402scan indexer: it scans all USDC transfers sent to a specific address on the Base chain, identifies which transactions are "valid mints" according to its own defined rules (1 USDC=5000 PING), and then records them in the off chain database and distributes tokens through contracts. 2) Like where, when the inscription first came out, it was resisted by the Bitcoin Core team because its existence had no value other than filling the BTC mainnet with a large amount of dust trading. Obviously, following this line of thought, the existence logic of PING is similar, but like the BTC mainnet, the x402 protocol, as an open standard, is powerless even if it is not favored in the short term. The principle is simple. At least the assets with inscriptions still exist on the BTC mainnet. Inscriptions no longer have any speculative value, and releasing them can return a portion of BTC. However, everyone's Mint PINs have actually gone to the designated treasure wallet of x402scan. The team is crowdfunding and issuing coins at the same time. The real x402 protocol has only been "freelancing" before and after 。 Don't rush to attack me yet. As I mentioned earlier, this behavior is a "charge" operation, which greatly benefits the exposure and dissemination of the value of the x402 track. It is equivalent to forcibly creating usage scenarios for the x402 protocol, with immediate results, and can be considered a stress test of the x402 protocol. It is undoubtedly a "singularity of x402 narrative", which will give rise to a series of improvements and ecological prosperity possibilities. 3) Will it evolve like the inscription market? Yes, as mentioned earlier, the purpose of PING is actually the x402scan indexer. But obviously it has significant problems: for example, assets are held under its own centralized entity name, which goes against the original intention of the x402 protocol to open a payment channel for AI agents. It may not be seamlessly compatible with other x402 protocols, and there may not even be unified operational norms for casting, transferring, and destroying. So, following the logic of BRC20-ARC20-SRC20 Runes' evolution, I believe there will be many new "inscriptions" that claim to be more "orthodox". For example, improving the custody method, changing the form of minting transactions, obtaining native protocol support, and other ideas. To exaggerate, even if the x402scan protocol runs away in the middle, the Treasury roll payment cannot stop this wave of wind from blowing, and Pandora's box has already been opened! The above. Let me reiterate one point. The outbreak of x402 narrative is certain, and PING only sounded the charge. There may be many ways for the market to evolve in the future. The above sharing rights are cognitive logic and do not provide any investment advice, but there is no need to worry. The upcoming excitement is worth joining in!