From Photography to Token: The Wealth Code of Top Traffic in Web3

In the cryptocurrency market, a former top Japanese female artist is making her foray into the Web3 space with her exclusive Token, attracting widespread attention. This project claims to integrate fan economy, artificial intelligence, decentralized autonomous organizations, and traditional beliefs into the blockchain, making it a phenomenon of the "quantum superposition state" of contemporary internet.

From NFT to Token: The Evolution of Traffic Monetization

This artist's Web3 journey can be seen as a model for educating cryptocurrency investors. Back in 2021, she set a record for a single transaction of 170,000 RMB with 28 pieces of artistic photo NFTs. At that time, the NFT market was at its peak, and investors demonstrated the power of "fan economics" through their actions: as long as they owned their idol's digital works, they were willing to pay a high price for the digital certificates.

In February 2025, she appeared at a bar in Hong Kong to participate in an exchange event, and industry insiders had already sensed the signals of market changes. As expected, two months later, a Token named "Mikami" appeared on the Solana chain, with a token distribution plan that stood out: 50% locked until 2069, 20% for presale, and 5% as a marketing budget.

Token Allocation: A Well-Designed "Hunger Games"

Let's take a closer look at the Token distribution plan in the white paper:

• 50% locked until 2069: This practice can be referred to as "blockchain version of hoping for plums to quench thirst". By the time it is unlocked, the artist will be 76 years old, and the virtual world may have changed beyond recognition.

• 20% presale share: This is obviously to give early investors an advantage, similar to the operation of some projects suddenly raising prices in the early morning and then quickly selling off.

• 15% liquidity pool: Based on the current price of SOL, the initial market value is estimated to be around 10 million RMB. Considering the average turnover rate of similar tokens could be as high as 2000%, this is sufficient to support multiple rounds of trading activities.

Project Planning: Traditional Models under Web3 Packaging

The four development stages proposed by the project team can be said to be a culmination of "blockchain patchwork art":

• Shrine Economy: Tokenizing fans' pilgrimage behavior, reminiscent of a peculiar case where a certain Japanese temple issued "Merit NFT," leading to monks getting involved in coin speculation.

• AI agents: Claiming to create virtual idols, but the reality is that most AI projects are using existing large language models, and the results may be difficult to satisfy.

• DAO Governance: On the surface, it allows token holders to participate in voting, but in reality, it may retain super administrator privileges, similar to the absurd incident where the founder of a certain well-known DAO project claimed that "the private key was lost" after absconding with a huge amount of funds.

The Collision of Fan Economy and Crypto Speculation

According to the artist's current 8.23 million Twitter followers, the Token market value may fluctuate between 8.23 million and 82.30 million USD. This valuation model is reminiscent of tiered pricing strategies in certain service industries.

However, the adult industry has a unique phenomenon of "invisible fans": many supporters may prefer to purchase physical works rather than leave a permanent transaction record on the blockchain. This may result in actual purchasing power being only about 20% of the surface data.

• NFT Purchasing Power Trap: Investors who once purchased digital artworks at high prices may have suffered significant losses in the digital collectibles market.

• Fan support logic fails: Fans voting for their idols is emotional consumption, while cryptocurrency trading is a zero-sum game; the nature of the two is entirely different.

• Lifecycle mismatch: An artist's career typically lasts 5-8 years, while the average lifespan of a similar Token is only 27 days. This operation is akin to using short shelf-life products for long-term investment.

Behind the Project: Careful Operations by a Professional Team

From the information revealed in the white paper, the team behind it is likely to be experienced market operators:

• Token economic model: Highly similar to the "four-stage strategy" of a certain project in 2024, just replacing the two-dimensional images with real-life photos.

• Cross-chain deployment strategy: Choosing Solana over Ethereum clearly highlights the preference for its fast confirmation and low transaction fees, making it more suitable for frequent trading.

• Deflationary mechanism design: On the surface, it creates a sense of scarcity, but in reality, it may facilitate market manipulation, similar to how certain animal-themed tokens frequently burn to cover up large sell-offs.

Risk Warning: Investors should exercise caution

For investors considering participation, please keep the following points in mind:

• Limitations of contract auditing: Most audit reports for similar tokens may not guarantee their safety and reliability.

• Liquidity risk: Initial trading depth may be shallow, and large transactions may cause significant price fluctuations.

• Regulatory Risk: Recently, Japanese financial regulators imposed penalties on a certain artist token project, with a considerable fine amount.

• Technical Risks: From one-way liquidity pools to flash loan attacks, market manipulators have various methods that may lead to losses for investors.

Future Outlook

The possible development trajectory of this cryptocurrency boom is:

• Short-term: Significant price increase may occur on the first day of launch, and there may be a lot of related discussions on social media.

• Medium term: Early investors may profit from presale shares, leading to a significant drop in coin price, and investors may begin to seek to protect their rights.

• Long term: By the time it unlocks in 2069, the current investment may have become an "antique" in the digital world.

Conclusion: Maintain a Rational Investment Attitude

In this rapidly changing era, we have witnessed the evolution from physical artworks to NFTs and then to crypto tokens. This artist has always been at the forefront of technology. However, as ordinary investors, we should keep two principles in mind:

• Treat this type of investment with an entertainment mindset: the amount invested should not exceed what one can afford.

• Believe in market laws: Investors who have experienced the market's baptism will ultimately achieve growth in future markets.

This artist, who has a large fanbase globally, is redefining "fan economy" with blockchain technology. From traditional platforms to decentralized exchanges, from physical works to Tokens, her actions showcase new possibilities in the digital economy.