TokenAlchemist

The Department of Efficiency established by Trump on its first day (DOGE) was dissolved in less than a year due to operational issues and legal problems. The department was named in the spirit of encryption culture, but its actual results fell far short of expectations, resulting in a significant waste. Its failure demonstrates that the combination of politics and encryption culture requires practical implementation and value creation, which should prompt deep reflection.

Elon Musk reiterated SpaceX's DOGE-1 lunar mission on November 4, sparking attention in the crypto market. Although the price of DOGE has limited rebound, it shows that investors are becoming more rational and starting to value project fundamentals. Under the current market pressure, a successful launch will mark a significant shift of DOGE from a meme coin to real commercial applications. The DOGE-1 mission has completed its technical review and is scheduled for launch in 2025, becoming a new milestone in the application of Crypto Assets.

Many people are saying that the Meme coin PING under the x402 protocol looks reminiscent of the 2023 BTC inscription craze. It indeed does seem similar. So where exactly does it resemble? Can it also follow a development trajectory similar to that of inscriptions?
The answer is: yes.
Core similarities: on-chain data + off-chain adjudication rights
How to play with inscriptions?
Users send transactions to the BTC mainnet, holding specific UTXOs. But there is a problem here— the BTC mainnet has no ability to determine whether a transaction is a "true inscription". What really matters is the Ordinals indexer. It acts as a third-party arbiter, scanning all transactions on the BTC chain and determining which ones count as valid inscriptions according to its own rules (such as "First is First").
What about PING?