Summary of 2024 Hong Kong Web3 Carnival

1. Crypto can finally make money

2. So the positive cycle has begun. The 2022/2023 conference is full of emotional information, and this time it is all about meaningful cooperation, investment, charging TVL, and accumulating dog plates. Every sentence is a clear and feasible seed of hope

3. European and American project parties finally put down their burdens and faced and actively embraced Ponzi. As for the ending, who cares?

4. This compliance trend is the last chance for the grassroots currency circle to leap over the dragon gate. If it passes, it will be able to call the wind and rain, and if it doesn’t pass, it will be lost in the crowd

5. The market no longer has a unified narrative, and it is even difficult for you to participate in/cover more than two tracks at the same time. Entrepreneurs/investors have begun to choose tracks they are good at for coverage. Of course, the difficulty of each track is different

6. Market projects have a clear contempt chain, and the ability to be falsified has a direct inverse correlation with market value.

1.MEME (cannot be falsified, even without any negative factors)

2.AI (hard to falsify, high ceiling)

3.GameFi (moderate, but really meaningless)

4.DePIN (too many links, easy to make mistakes and be falsified)

7. Of course, MEME is the most difficult to do among them, because you can't plan a great one

8. The new cycle has become extremely OG-unfriendly. The local dogs can't beat the post-00s kids. They can't speak three sentences in English in the international market, and they don't understand the direction of cutting edge technology. They can only use the BTC/ETH they saved that year to do staking/restaking/re-restaking. Most of the old guys have basically lost the right to lead the market

9. The popular wealth spillover effect brought by CEX is seriously decreasing at the margin. BOME will rise if it is listed on Binance, and it will rise if it is not listed on Binance. It's just a matter of how much it will rise.

10. Previously, the stakeholders related to CEX (shareholders/employees/funds, etc.) have always been "the first group of people to get rich", but in this cycle, these people looked at their accounts and felt very uncomfortable, as if the bull market had never come.

11. Many VCs are locked up in GameFi, and they are locked up very tightly, with almost no possibility of unwinding

12. RWA is not mentioned much, mainly because the logical relationship with the mainstream narrative of Crypto has not been sorted out. Because you can't persuade me to sell my house to buy coins while asking me to buy the token of my house on the chain

13. Even if Vitalik comes to power, the structure of Ethereum's Senate has not improved. Each elder must have his own Layer2, and each Layer2 must compete with each other for ETH to make TVL. Although Vitalik has cut off the miners, the subsequent separatism is even stronger than before.V God will become "Web3 Han Xiandi" in no time.

14. Parallelized EVM Layer 1 is optimistic

15. NFT? Don't mention it, it's embarrassing

16. As for the changes that ETFs have brought to the industry, how should I put it? I have always been very emotional. After 7 years in the industry, the industry is like a girl, gradually becoming graceful and elegant.

It's just that,

When she was young, she let the people she liked in

Now, she likes to let the rich people in#CPI数据 #比特币减半 #ENA $BTC $ETH