- Lots of projects, but not confident about current market

Unlike many people thought about this bear market (we can finally call it, right?), there are actually many projects here.

Most of these projects are old and after TGE, but there are few new ones as well. The old ones just suffered a lot lately and don't seem to have ambition to go up in near future. Most of them are focused on surviving than rising, which is good and bad.

- Main topic is games and metaverse

Many new start-ups are originally from web2 industry and looking to build apps in web3. Apparently games and metaverse is the way they want to chime in this new area.

New layer 1, new protocols and new apps are more focused on 'bringing non-crypto users' and 'having fun'.

This is a good sign for the bear market and starting to build for the next wave.