Dear family members who haven't lost enough on the small image, look here! The NFT graveyard has been quite lively lately; in less than a week, two platforms have consecutively announced their closure "due to market reasons." Today's protagonist is Rodeo, which once claimed to revolutionize NFT social networking and become the "Instagram of NFTs" on mobile. Ultimately, it couldn't survive this winter and has simply given up and accepted the ridicule. Have you seen through it? When a track can't even maintain a beautifully decorated storefront, it indicates that the goods inside have long since rotted and gone bad; even the passing dogs won't sniff it. 📉

Many people may not have even heard of what Rodeo is, and that's right. This is the current state of the crypto world: 99% of projects are born with great fanfare (VCs on stage, Twitter blowing up) and die quietly (just an announcement, server power outage). Rodeo, under the banner of 'mobile-first,' wanted to replicate OpenSea's wealth myth on mobile with some 'social discovery.' What happened? Except for a small group of die-hard fans who trade with each other and wash trades, no one uses it. Now the official announcement says they can't keep going and need to cut losses. Isn't this just a typical 'the project team has no money to pay salaries and is preparing to take their leave' statement?

Let's take a closer look at the official statement that 'operating costs are too high.' Dude, you are an NFT platform; isn't the logic just to facilitate transactions and take a cut? In simple terms, it's because there's no trading, no traffic, and no new investors coming in that your little cut doesn't even cover server rent and the money to pay ghostwriters to tweet. When a so-called 'innovative platform' has deteriorated to the point of not being able to pay for electricity, you should understand that the bubble in this track is not just bursting but is rotting all over. This so-called 'for the good of the community' is actually 'I really can't keep this up anymore.' 💸

Ironically, Rodeo is the second NFT platform to announce its closure this week (the first was GameStop's NFT market). What does this indicate? It indicates that the current NFT market has entered 'doomsday survival' mode. Those so-called 'social+NFT' and 'finance+NFT' projects, stripped of their hypocritical technical veneer, are all about CX. Previously there was liquidity to support it, and everyone could still enjoy passing the buck; now that liquidity has been drained, these intermediary platforms find they don't even have the opportunity to drink soup, and all that's left is this generation of investors' meager remaining value, not even enough to fill in the gaps. 🤡

The funniest thing is that the official also 'thoughtfully' reminded users to export their private keys before the server shuts down. Listen to this; doesn't it sound like a clearance sale right before closing? 'The boss ran away with his mistress; everyone come and grab the remaining junk!' If your NFT is still up there, quickly move your fat finger to take it away. Don't wait until the server domain expires, and you can't even find a pixel of those electronic images that are 'worth zero'; that's when you will truly be a 'digital refugee,' crying over a pile of invalid metadata. 🏚️

Everyone needs to wake up and stop believing in the myth that 'mobile is the future.' In the crypto world, there is no profit-making effect; even if you turn your platform into a metaverse immersive experience, no one will care. The fall of Rodeo is just a microcosm; it represents those mediocre projects that raised funds with PPT at the end of a bull market and struggled in the bear market without any achievements. Their demise is inevitable, even a 'detox' for the Bitcoin and Ethereum ecosystems. This so-called 'social protocol' essentially aims to make the act of harvesting the unsuspecting more convenient, allowing you to be precisely harvested while waiting for the subway. 🤮

The current NFTs have completely 'decentralized'—decentralized to the point where even centralized platforms don't want to serve you anymore. In the past, big names bragged that NFTs are art, copyright, and symbols of identity; now look, they resemble the biggest IQ tax in this cycle. Don't expect some niche platform to help you make a comeback; most of those so-called 'new narratives' are just bedtime stories concocted by project teams to squeeze out a bit of remaining value. In this circle, surviving long is much more important than being handsome; clearly, Rodeo hasn't even mastered the basics of survival. 💀

A word of warning to everyone: stop looking for gold in the trash heap. The closure of Rodeo is just the appetizer; in the days to come, those platforms without traffic, money, or logic will fall like dominoes one after another. If you are still holding those JPEGs that have dropped 99%, the best advice is: take a screenshot for remembrance, commemorating how you were once severely harvested by this magical industry. Clear out those chaotic, low-quality platforms as soon as possible, and save the remaining bullets for truly valuable assets. In this circle, preserving your principal is always more meaningful than chasing after a dead fantasy. Be tough and say little; don’t be the last fool to take over. 🔚

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