According to BlockBeats, on September 17, STEPN co-founder Yawn Rong participated in FarCon Asia, the first large-scale Farcaster ecosystem offline event in Asia, and spoke at a roundtable on the theme of "Strategy and Inspiration for Online Social Discussions":
When a project becomes popular just because of token incentives, it usually ends up being worthless. Maybe we can discuss why you would want to own something on the chain other than token incentives? No one has figured out how to get users to spend money on a product, and if they don't spend money on the product, it means the product is not up to the standard that they are willing to spend money on. Based on the analysis of the past 3 years, I think that to do this, you need to have very strong growth. Stay in business for a while, and you will have a critical mass of users, and their spending will increase accordingly.
I think for most AI companies, they can't figure out what to do with their products and how to make money. I don't think that combining blockchain or cryptocurrency can solve this problem. So, I'm not saying that I'm not optimistic about AI. Maybe in the next 10 to 20 years, AI will dominate, but we need to figure out how this technology will develop. The first is how to monetize, and the second is how to grow. For AI companies, they are just burning investors' money, although it is still in the early stages.
FarCon Asia, the first large-scale Farcaster ecosystem offline event in Asia, is jointly organized by Tako Protocol, BlockBeats and Jam. The conference aims to deeply explore and showcase the innovative achievements of the Farcaster ecosystem and the future prospects of Web3 social networking, breaking the stereotype of one-way output in traditional financial encryption conferences. This FarCon Asia conference is expected to attract more than 500 participants, including Farcaster ecosystem builders, active Farcaster ecosystem users in Asia, VCs and well-known investors, senior researchers, etc.
