It is believed that every active NFT player will have a few NFT collectibles that have not performed well or even returned to zero in their wallets, either because of poor liquidity, or because the theoretical return value is lower than the gas consumption. The final destination of these NFTs may be to permanently "sleep" in the wallet.

So, is there any other way to deal with it, and can it take advantage of the waste heat of these zeroed NFTs?

Recently, a project called "Illiquid DAO" has become popular in the community. The main concept of this project is exactlySpecifically,

Specifically,Illiquid DAO allows users to send their "worthless" NFT (note: only supports Ethereum, and NFT must be minted before December 28, 2021) to the specified address 0xeea89c8843e8beb56e411bb4cac6dbc2d937ee1d, as "compensation", Illiquid DAO will follow the NFT Amount of JPEGS tokens are returned to each sending user.

According to official information, the total supply of JPEGS is 100 million pieces, of which the founding team will allocate 5% (5 million pieces), LP incentives will allocate 12.5% ​​(12.5 million pieces), and the treasury will allocate 12.5% ​​(12.5 million pieces). The remaining 70% (70 million pieces) will be allocated to community users who send NFT to the above acceptance address.

According to the current distribution plan that each NFT can return 500 JPEGS,These 70 million JPEGS can match up to 140,000 zero-level NFTs. However, the Illiquid DAO official tweet has mentioned that the distribution of JPEGS will be halved after the first airdrop on January 7th (250 NFTs will be returned for each NFT), so if the accepting address fails to collect 140,000 before the halving time NFTs, the number of matches may be further enlarged (Note: This is just a mathematical guess, and it is not ruled out that after the halving, there will be a hard cap on the number of NFTs, and Fuyu tokens will be used for other purposes).

According to Opensea data,At present, a large number of users are frantically transferring NFTs to the acceptance addresses beginning with 0xeea8 (there are some NFTs that still have certain value), several works are transferred to this address almost every second. As of 17:45 Beijing time, the number of NFTs in this address has reached 12,700, and the categories are even more varied, ranging from some works that were once familiar to everyone but are now becoming less and less loud, to various weird-shaped animals, to selfies, pornography ...0xeea8 may have become the address with the richest "collection" content in the NFT industry.

With the successive fires of OpenDAO, MaskDAO, and Gas DAO, various "earth dog" DAOs began to appear in batches. Unlike many other DAOs that have emerged in the future, Illiquid DAO has well met the psychological needs of those users who have been damaged in NFT investment-"Let's leave it alone, it's better to give it a go." Judging from the current market sentiment , the project has more or less shown some potential to take over the heat of the market.

However, Illiquid DAO also faces some difficulties that other DAOs face, the core of which is the future development direction and project value support.At present, Illiquid DAO has not given too much explanation on the specific details of the so-called "doing a big thing", and there is no specific plan for how these zero-returned NFTs collected from thousands of users will be used.

As for the risk issue, regardless of the market performance after the token goes online in the future, as far as the current situation is concerned, the "exchange NFT token" model does not involve interaction at the contract level, so there will be no authorization pressure. However, in view of the current high gas price, even if the NFT itself has no value, the transfer on the chain still requires a certain amount of gas cost (for batch transfer, try:https://nft.life/batch-transfer), users need to consider whether it is worth participating.