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Circle brush screen TOKEN2049 reflections: Chinese Web3, still have a chance?

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"There are hardly any Chinese faces on the podium anymore, and if there are, few people want to listen."

At the end of September 2022, Web3 "feast" TOKEN2049 kicked off in Singapore. According to incomplete statistics of this conference peripheral derivative activities have reached hundreds of, behind these toasting, there is such a group of people are worried about the future of Chinese Web3.

9 月 27 日，参会者赵晨的一则参会感想悄然在华人社区中传播开来：「演讲台上已经基本没有中国面孔了，即使有也没啥人愿意听了。」华人 Web3，没了吗？

The following is Zhao Chen's comments on attending the meeting:

Singapore is losing ground.

There were few Chinese faces on the podium, and few who did cared to listen.

In 2014, V God was learning Chinese. In 22 years, the biggest bottleneck of Chinese capital and projects was the founder's English.

Asian capital in the crypto circle overall backward, can not afford to melt.

Megafund has no pricing power, and one of the best Asian funds is smaller than the rotation of a European or American deal. In the future, we can only follow the European and American capital to eat the dregs or gamble on small dishes. Only a few players, such as Binance, can keep up. The yard is 10 times longer than you, and no one can carry it all in you.

Without the support of Asian capital, the Asian project is in jeopardy. After watching the Sino-Japanese naval battle two days ago, I understood why Deng Shichang wanted to hit the Yoshino with his ship, because a big battleship cannot be sunk by shells. It's like the Chinese chains have only been on a regular basis for 18 years and never had a chance to sink a project like Aptos. The only remaining projects in Asia are concentrated on exchanges, 20-22 where DEX has lost a lot of trading volume, although it still retains the virgin territory of centralised contracts, but it is on the verge of rescuing itself. The next cycle contract on the chain will completely end an era.

The exchange frenzy is the beginning of the rescue.

There has never been a worse time for a Web2 founder to make the transition. Being overly optimistic about the advent of the over-application outbreak. Don't try to lead the market with technology like Web2. In Web3, the market determines the technology.

A good web3 founder is not about how long the long board is, it's about not having short boards. A little weakness can kill you.

Capital and project gap, basically announced the next cycle, is Europe and the United States to the Asian market direct shipment of the final. In essence, 2049 is the dumping of European and American projects on the Asian market, similar to the Canton Fair.

2018 is more about what you are/will do and 2022 is more about who you can represent. The Chinese are Crypto Jews.

It's pretty much ensured that web3 takes place overseas.

I didn't do SexDao Don't ask

Zhao Chen 2022.10.29 in Singapore