Shanghai Blockchain Week: Mainland Web3 walks in the sunshine but crawls in the dark

Author: Golden Finance Yue'er

1. I thought Token2049 was cold enough last week, but I didn’t expect that Shanghai would freeze me to death. There is no need to be overly critical. Under such market conditions and regulations, it is difficult to imagine any domestic blockchain week doing better than it.

2. Engraving prudence and compliance in our bones. Different from foreign countries where a hundred flowers bloom and the plate area is a mixed bag, Shanghai's Web3 reflects full rigor, moderation, safety and conservatism.

3. The power of DAO and the community cannot be underestimated. As an important node linking all parties, they work tirelessly to activate the industry atmosphere, blend industry resources, and serve as the light of the bear market.

4. The end of making money is metaphysics. The biggest shock of the trip to Shanghai came from being told fortunes by Amway, a programmer friend. In my opinion, this is the most representative of materialism. Facing Web3, a field of wealth integration, another kind of expectation and explanation is also needed.

5. There is nothing new under the sun, I still have to read more. Follow a fixed business model and repeat the same old path over and over again, but you can succeed every time. The details may have changed, but the rules of business remain the same.

6. Innovation is insignificant, and the essence of investment is to invest in people. There won't be any technological innovations in a short period of time, and the stories in the white paper have long been told. Investors should be cautious. The most important thing is a reliable team, followed by preliminary data.

7. Sincerity + marketing routines are a must-win. My eldest cousin is very good at this, please publish a book, I will recite and write it from memory.

8. Deeply rooted in the local area, foreign countries really have no influence at all. Forget it, even the Chinese projects have fled, what else do I expect?

9. Some traditional industries are moving into Web3, but they avoid the word "Web3" and prefer to use "Metaverse" and "Blockchain". Get the new industry slang rules and put them in my snakeskin bag.