Thoughts on the Hong Kong Web3 Carnival: Who is swimming naked in the new twist on old stuff?

1. Old food is eaten in a new way, especially the first-layer public chain , such as CKB, TON, NEO, etc., which can be seen from the rise and fall of the coin price. The meeting has been going up in the past few days, breaking the curse that the coin price will fall after every meeting. I wonder if it will break the tradition of speculating on new things instead of old ones in the coin circle. However, some (I won’t name them), have bought booths and held activities, but it is really useless if they don’t cooperate with the coin price to pull up the market, which will only make people wonder: How can they be so famous, but at the same time do so badly in the market?

2. Now is the beginning of the bull market , and the signs are very obvious: project valuations are starting to become exaggerated, project financing amounts are soaring, and financing difficulty has dropped sharply, with tens of millions at the drop of a hat. You have to know that in the bear market, financing of one or two million had to be reported, but now the basic amount is only seven or eight million? The quotas have to be snatched up, and small institutions cannot get the quotas for high-quality projects.

The project owner is not in a hurry to spend the money after receiving it, and seems to be very stingy. There is no sign of a thriving bull market at all. The money should be spent wisely... I guess it will be used to pull up the market later.

3. The Bitcoin ecosystem is really hot, especially Bitcoin Layer2 , but all of them are Chinese projects: Chinese capital + Chinese gameplay + a foreign spokesperson. Real foreigners are not interested in this track, they play Depin, and every market has its own orientation;

4. Many projects give KOL quotas. After all, the community is the primary productive force, so all kinds of Twitter KOLs have emerged. At the same time, the importance of VC is declining, and the importance of the media is declining further.

However, most KOL data is faked. KOLs with good conversion effects are the most powerful ones, while those with poor conversion effects just huddle together to win by offering low prices and bulk packages. However, the project owners are all experienced people, so how can they give quotas casually? Therefore, the competition among KOLs is also very fierce;

5. There are many scammers who cheat people in the name of big companies. There are many scam projects. They make big promises and boast to the sky. It is obvious that they are trying to fool children. So it is important to distinguish the true from the false. Of course, I am not saying that my judgment is necessarily accurate. After all, humility is very important in this industry. For example, the famous law in the currency circle summarizes "If you don't understand, you will look down on it and you will not be able to catch up";

6. There are obviously more foreigners than last year. Fortunately, my English has improved a lot compared to last year. I am happy chatting with you all. I look forward to seeing you all in Dubai. Dubai is a completely different market.