According to Czhang Lin, CEO of Web3 venture fund LBank Labs, universities have a "critical" role in nurturing the next generation of Web3 talents, and academia must understand this to guide students towards the right vision.

On August 2, the venture capital firm announced the winners of its Summer Camp competition for college students. A variety of participants from different academic institutions competed to win a trip to Cabo San Lucas, Mexico, and mentorship opportunities from various crypto funds.

In a statement sent to Cointelegraph, Lin emphasized the importance of universities for the future of Web3. According to Lin, universities are "critical players for new technologies" such as Web3 and a typical source of talent. "It is important for universities to understand Web3 and guide students towards the right vision," he said.

Even though the markets are bearish, Lin believes it is still the right time to build and invest. Lin said:

"The bear market is always the best time to build and invest. During this period, venture capitalists can be more demanding and put greater pressure on startups from universities. However, we believe more strongly that diamonds will shine in any situation and perseverance will be their best friends. "

Asked about hot trends among college students, Lin shared that another "buzzword" called artificial intelligence (AI) is involved. But Lin said despite the emergence of AI, there shouldn't be a problem as the two industries can work together.

Regarding trends among college students participating in the competition, Lin shared that most applicants focused on decentralized finance (DeFi), liquid staking derivatives (LSD), zero knowledge (ZK), and decentralized applications (DApps).