Hello everyone, I am Tange!

As we all know, the term Web3.0 comes from abroad and stands for blockchain, decentralization and cryptocurrency. In this idealistic utopia, many domestic entrepreneurs tried to get a piece of the pie, but reality played a joke on them. Let me tell you in detail...

First, the profit model of Web3.0 in China is single. Entrepreneurs have found that it is difficult to find a way to make a profit without selling NFTs and issuing tokens. This has led to an embarrassing situation: financing - looking for investors - being questioned by investors about the profit model. It really reminds me of the time when Ma Huateng couldn't figure out how QQ made money.

However, unlike those years ago, the current Web3.0 entrepreneurs have a "death countdown" hanging over their heads. Domestic entrepreneurs have to rack their brains to think about how to make money, instead of being able to explore the essence of Web3.0 comfortably like foreign entrepreneurs.

Web3.0 abroad is a self-IT test field initiated by the public. This experiment is full of concepts such as idealism, anarchism, decentralization, DAO, etc., but when will they become a reality? I am afraid that only monkeys and gods with horse faces (i.e. donkeys) know. Web3.0 abroad started with "Satoshi Nakamoto", and then developed rapidly under the promotion of geeks, and finally IT capital entered the market at the end of Web2.0, and the speculation continued to rise.

However, don’t think that China’s Web3.0 is stagnant. Alliance chains and digital collections have taken root in China. Although they seem boring and useless, they are also a manifestation.

What if you want to do web3?

So what should we do if we want to do web3? Raise funds. To raise funds, we need to find investors, right? The first question investors ask is, what is your profit model? Just like QQ back then. It seems that Ma Huateng can’t escape the questioning of the profit model of web3 investment. However, it’s more like urging than questioning - tell me, what is your profit model?

Doing web3.0 in China? Well, to put it bluntly, it's a bit like groping in the dark. Without selling NFTs, it's hard to make a profit by issuing tokens, so what to do? Raise funds! To raise funds, you have to find investors, but as soon as the investors come in, they ask: "What is your profit model?" This makes me smile awkwardly like Ma Huateng, and I can only bite the bullet and answer: "I'm still thinking about it."

To be honest, I prefer to regard the non-Chinese web3 as a self-IT test field initiated by the public. This test field is full of words such as idealism, utopia, de-authorization, decentralization, DAO, etc., which sound exciting. But when can these be truly realized? That's a question for those geeks and investors - when are you going to realize these ideals?

The environment abroad is much better than that in China. Look at the development of web3.0. Starting from "Satoshi Nakamoto", a group of geeks pushed it up, and finally IT capital from the end of web2.0 entered the market and continued to push it up. They are conducting cyber tests in terms of transaction fees, network security construction, upper-layer application construction, etc. Each point is a big problem, let alone in the strong pressure environment in China.

However, China is not useless in the field of web3.0. The blossoming of alliance chains and the rooting of digital collections, although they seem boring and useless, are also a kind of performance. The actions led by government agencies and empowered by blockchain to open up digital government affairs are also constantly being updated and improved. This looks a bit like our infrastructure maniac style - in the web3.0 era, we can either devote ourselves to the geek carnival abroad or devote ourselves to the implementation of domestic capabilities. This is like a bright avenue and a rugged path in the web3.0 era, which makes us irresistibly make choices.

To be honest, this road is a bit difficult to walk. People in our country have been taught to be down-to-earth and not to aim too high. So in the web3.0 era, our steps may be more cautious and pragmatic. But then again, this road may not be hopeless. Just like our domestic digital government affairs, as long as we are willing to work hard and invest, we will see the light of hope one day.

In general, the web3.0 era is like a mirror, reflecting the different faces and difficulties of our country and abroad. We must face the pressure of reality and pursue the realization of our ideals. Only in this way can we find our position and value in the web3.0 era. Therefore, the web3.0 era is both a challenge and an opportunity. It depends on how we grasp it!

So, the web3.0 era is waiting for us. Should we devote ourselves to the geek carnival abroad or devote ourselves to the implementation of domestic capabilities? This is a question. But no matter what, we should maintain an optimistic attitude and move forward courageously. Because only in this way can we find our place and our value in the web3.0 era!

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