STEPN Lianchuang: Profit model and user growth are crucial for products, and AI still needs to be explored

According to BlockBeats, on September 17, STEPN co-founder Yawn Rong said at the FarCon Asia conference that when a project is popular only because of token incentives, it will eventually become worthless. We should discuss why users are willing to own something on the chain.

He believes that users are willing to spend money on products because the products meet their standards. Analysis over the past three years shows that strong growth and sustained operations can increase user spending.

Yawn Rong also mentioned that most AI companies cannot figure out how to make money, and combining blockchain or cryptocurrency cannot solve this problem. In the next 10 to 20 years, AI may dominate, but it needs to solve the problem of monetization and growth.

FarCon Asia is jointly organized by Tako Protocol, BlockBeats and Jam. It aims to explore the innovative achievements of the Farcaster ecosystem and the future prospects of Web3 social. It is expected to attract more than 500 attendees.