Author: LianGuai Moon
1. Compared to Old Money, Web3 is just a fart. Token2049 didn’t cause any waves, but F1 on the 15th raised the prices of Singapore hotels threefold… We’re just the little brother;
2. No one wants to talk. Last year, everyone was discussing Singapore, discussing Web3, discussing the future development and their own paths. This year, everyone is silent, no one wants to talk;
3. Half the number of participants. It’s not as grand as last year. Moments on social media are quiet, with very few likes. The venue is only moderately lively, and peripheral activities have decreased;
4. Technology gave up on Token2049 and Asia. The hottest layer2 track this year, well-known projects didn’t come to the main venue, only went to ETHSG, but the number of people was scarce. Vitalik couldn’t save it either. Technical sharing activities decreased, and the developer community is not active. I don’t know if those young people who used to develop Web3 are still in this industry;
5. Investment institutions are silent. Not only did they not buy booths, but when chatting privately, they vaguely said, “We’ll invest in good projects,” which means “We won’t invest” for me. Even if they see good projects, they will undervalue them, making the founders cry in their hearts;
6. NFT is basically extinct. Azuki and Boring Ape, which were popular last year, have been quiet this year. Even the Gaming track is dead silent. Those seemingly novel things full of pixel art and two-dimensional elements are nowhere to be seen this year. The whole scene is boring and dull;
7. Issuing cards is a good business. In short, there are more card issuers now;
8. Some are struggling while others are flourishing. Top-tier project teams spend millions to secure the largest nightclub in Singapore, and they are eager for side events and after-party celebrations. Middle and lower-tier project teams are reluctant to even go to Singapore, after weighing the pros and cons, as the return on investment is not proportional. After all, there are few profitable projects and investors are not investing. Every penny must be spent carefully. Life is truly difficult;
9. There is still a group of people who are highly mobile. It’s only been 12 months since 2049, and some friends have already changed jobs three times. Regardless, I admire their dedication to Web3. I can understand it very well. In traditional fields, it’s either monopolized or plagued with intense competition. At least with Web3, there’s still a chance for a better future;
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