jakiro
When the world was young, a common belief ignited a fire around the world. Web3 was its last glimmer, but how long can this flame shine?
Originally, I should be talking about how the RFQ-structured Variational makes markets, or cheering for the institutional adoption of stablecoins, or at least I should be talking about x402 instead of Meme.
Unfortunately, there is none. Recently, there is always a feeling that Web3’s “integration” ability continues to decline:
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The CTO is back on the scene, and the CTO Meme has been passed down by thousands of mouths, but it is no longer new;
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The Solana conference encountered a turmoil, and talented people emerged from generation to generation in the currency circle, each leading the way for two or three days;
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The Yaya market is popular, the CS accessories market is blocked, and Facaster is busy with acquisitions.
In short, Web3 does not seem so cool anymore. O’reilly in 2006, Gavin Wood in 2015, and A16Z Chris Dixon in 2021 have all defined the term Web 3.0. Just like Messari voted to coin the term DePIN, the concept also needs to be repeatedly given life by the times.
Web3 null pointer
That comfortable sofa chair, warm checkered carpet, and the trigger that didn’t pull in time.
Crypto, blockchain and Web 3 constitute the three phases of our vague “currency circle”, such as AI X Crypto, RWA points to blockchain, and user ownership points to Web3.
Readable, writable and possessable constitute the rhetorical generation of Web 1.0/2.0/3.0, but Web3 points to nothingness.
How long has it been since you heard from GameFi?
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Elementary school students are trading chicken skins
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College students are stocking up on CS weapons
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Adults become roast ducks in the farm town
If a death certificate had to be issued for GameFi, the cause of death could only be that the economic stimulus signal received by the currency circle people was too strong, and it was difficult to be moved by the game.
But what does this have to do with YaYa? In 2024, the project was neutralized. Station B hatched a 5-person studio carbonate team. On October 16, “Escape from Duckkov” was launched on Steam and macOS App Store. It was priced at 58 yuan (51 yuan after discount) and sold 1 million copies per week.
Of course, it is far inferior to the miracle of Black Myth, but the public needs more talents for this kind of games with small creativity, small investment, and low difficulty. Only such a market structure is healthy enough. The game industry needs not only Battlefield 6 and GTA 6, but also Dyson Sphere and Escape from Duckkov.
From the perspective of Web3, Yakov is very naive. GameFi, which previously raised tens of millions of dollars in financing, should not be able to do it. In addition to imitating the hard core of “Escape from Tarkov”, there are two routes:
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PVP search, attack and retreat, online interaction to kill all directions, you can experience the tactical experience of a real team;
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PEV is interesting. The Yakov team has no money to make a mobile game, so they can only work hard on evacuation and collection.
Within a week after its release, with the help of the Steam Creative Workshop, the Mod started a big competition, with online functions and duck markets appearing. Single-player games can also be used as trading markets. Unlimited funds and unlimited output result in an economic model that will never go bankrupt. This is more robust than dual tokens, points competitions, etc.
Although it can’t make money, players still flock to it, with tens of thousands of people trading on it at every turn. It’s like a child playing house. The desire to share is innate. It’s not that we need token stimulation, but token stimulation requires players. Homo sapiens evolved because of collaboration, never because of external stimulation.
From the perspective of the currency circle, double-spending problems have arisen, which is very suitable for blockchain to solve, but “it is not the duck-duck market that needs to be on-chain, but the duck-duck market that is needed on the chain.” We are always accustomed to putting economic factors first and human interaction and experience last.
It is a very embarrassing fact that Web3 is rushing in the direction of Gambling. Even the Chinese trend among foreigners is because there is no more money to be squeezed. The mainland market still retains the last purchasing power because of the high pressure.
If institutionalization and financialization are the answers to everything, then there is no need to bother re-entering China.
The most important thing for retail investors is a sense of identity, just like the x402 Meme Western craze, but will this really attract external people to use stablecoins?
The answer is self-evident. The problem in all currency circles now is not to get out of the circle. Sun Ge has a bad reputation. USDT has really made a big detour from the third world to landing in Europe and the United States.
The Secrecy Bureau requires 100 Yu Zecheng, and the cryptocurrency requires 100 Yaya Market, plus one Suncut.
Rentiers exclude production
He persuaded Yu to put down the sand in his hands and opened his mouth to sing but his voice was mute.
The leisure class was born in the advanced stage of uncivilized culture and escaped the manifestation of the superior economic status of the productive people.
Please give LABUBU a try. The people who got rich first passed down to the second generation. They need to have their own unique fashion expression. It doesn’t matter if it looks good or not. What matters is if you admit it when I say it looks good.
In other words, for the high-end and durability of LABUBU, people need to use it as an anchor to complete the transformation of intergenerational identity.
Why shouldn’t it be displayed by NFT? What is the difference between Fat Penguin and Moon Bird? I don’t think it is a lack of physical objects. The virtualization of human beings has begun to emerge since the QQ show era. It can only be that the blockchain is not cool enough.
There is still a good opportunity to refer to the popularization process of Western luxury goods. Luxury goods happened to be in the 1970s and 1980s. Europe and the United States entered a period of stable economic development. The middle class needs a class-differentiated status symbol. It is best to buy something that they can afford with one month’s salary, and that the working people can afford in a year.
In the dichotomous social structure of slaves/citizens and aristocrats/commoners, there is no need for such luxuries. Only in complex industrialized societies, where human beings as a whole do not need to worry about survival, do they need more cultural representations.
What is highlighted here is the change of intergenerational culture. Unproductiveness is no longer the exclusive domain of a few people. The majority of people are excluded from the production system. After the productivity is developed, rentiers become a specialized occupation.
In particular, how can Generation Z/Xiaodeng/post-05, who have had the ability to survive since birth but not have the ability to live a high-end life, coexist with the early rentiers and even subvert them to become the mother body of the times? They can be licked and scolded, but they cannot do without the economic nourishment of the rentiers.
While the duck market in the East continues to prosper, the big hands of G Fat in the West are also continuing to exert force. The third-party black market of CS players has completely become a negative asset of CS. It is the black market merchants and speculators who make money. G Fat itself has to bear the reputational loss in the final collapse.
Then we can only lift the table in advance.My vassal’s vassal is not my vassal, and my market’s secondary is not my market..
In the four years since I joined the industry, I have always believed that Web3 is a content creative industry, but it is currently close to drying up.
There will always be so few people, and there will always be so few things. Of course, it is always BTC which is a good thing, but BTC does not need any other affiliated agreements, and the two-way demand for BTC is currently 0.
Image description: “Halo Trump”
Image source: @WhiteHouse
If you don’t believe in the ability to make a living, you are looking down on your own weight. Sichuan Bao has proven the power of retail investors, benefiting the White House at the top and halo at the bottom, benefiting the old horse on the left and CHINA on the right.
I once again praise the PumpFun team. Although they are evil, they understand the meaning of long-term success better than Tieshun, revealing the vitality of young people.
Before the Solana Foundation took full control, it was the location of the most active conspiracy group. However, due to the excellence of the foundation and the release of official guidance on concepts such as ICM and PayFi, the vitality of Meme flying and DeFi brushing volume is no longer seen.
Although EF does not engage in human affairs and business, it does not hinder your innovative behavior or malicious behavior. The merits and demerits are left to future generations to comment.
Conclusion
The pearl is buried in the earth, hiding its beauty. Once it is unearthed, its light is overflowing.
Web3 now needs to put aside its arrogance. Apart from the booming, high-end concepts of institutionalization, US stocks, stable coins, treasury bonds and other concepts, as well as the increasingly out-of-control Meme and Perp leverage, it needs to leave a pure land for the neutral market. There must always be something left to face the impact.
Cryptopunk gave birth to the concept of decentralization, giving Bitcoin and blockchain a physical register;
Generation Z is unwilling to lie down in the confused expectation that we will always get rid of the Death Eaters and enter the Muggle world.
