Yi Li Hua: Web3 is essentially the financial industry, benchmarking Web2 products as "misconceptions" on the development path
BlockBeats News, April 23rd, Liquid Capital (formerly LD Capital) founder Du Jun posted on social media:
"In the past wave of extinction of crypto VCs and projects, one core reason is that funding was basically spent on. Nurturing teams to develop useless Web3 products. The biggest misconception is benchmarking Web2 products. Essentially, Web3 is an industry, and there is no need to duplicate Web2 products. The most successful companies in the past crypto industry are all financial products, ranging from stablecoins, trading platforms to payment, and other successful companies are."
"Now with the arrival of the AI era, first, there is no need for large financing to recruit teams. Second, the new opportunity lies in AI + Finance. We believe that excellent founders with a few elites can build top-tier companies. This is currently the biggest opportunity for first-tier investment."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Barclays: Bloom Energy (BE.US) demand turning point is steeper than expected, rating raised to "Buy"
Barclays has upgraded Bloom Energy’s rating from "equal weight" to "overweight," setting a target price of $289.
Competitor turns supplier as the "new owner"! Bank of America: Marvell Technology's acquisition of Lumentum may prompt Cisco and Ciena to seek other sources
Bank of America analysts stated that Marvell Technology's acquisition of Lumentum may prompt Ciena and Cisco to diversify their optical component suppliers.
Goldman Sachs traders warn of an "invisible bear market": S&P 500 is only 3% away from its all-time high, but 60% of its constituent stocks have entered bear market territory.
The S&P 500 Index is only about 3% away from its latest record high, but 60% of the constituent stocks in this benchmark index are deeply entrenched in bear market territory.

