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."