$PING hundredfold Return ignites the Marketplace, will the x402 protocol replicate the inscription craze?
Author: Cookie
Yesterday, a special Meme Gem was born on Base, and it is $PING. Based on the cost of the initial offering and the current coin price, a successful MINT yields approximately 18 times the Return. (The current market cap is $18 million, and the initial offering Return is close to 100 times.)
The special feature of $PING is that its Minting reminds people of the inscriptions from two years ago. The cost to Mint $PING is about $1, and if successful, you can receive 5,000 $PING. The Minting page for $PING is also similar to those inscriptions from back then, lacking a fancy front-end, giving it a more hardcore feel.
This is the first token issued through the x402 protocol. So, what is the x402 protocol? Why is the Minting process of $PING so special? And what is the current ecosystem situation of this protocol?