jakiro
Author: Terry, vernacular blockchain
“Fanhua”, which was just finished not long ago, set off a whirlwind in the investment market, and it also caused many people to discuss Shanghai in the 1990s, especially the Yellow River Road and the capital market under the Shiliyangchang, which is not just Abao’s.The Golden Age also reflects the true epitome of many small social figures in the trend.
In fact, this is true for many industries – the early days are full of flowers and the fire is burning, and the atmosphere of wealth is everywhere, and opportunities are almost everywhere. However, as the grass-roots development stage goes away, good days gradually become beautiful memories and face everything.Return to the usual predicament.
“What we love is not “Flower Flowers”, but that era of opportunities everywhere.”To a certain extent, the Web3 industry in the past 10 years is equivalent to the stock market in the 1990s. Now, with the passage of spot Bitcoin ETFs and the continuous approaching of the Web3 industry, the “blooming era” of the crypto world has also been the “blooming era”Is it time to end the curtain call?
01The glorious years of the crypto world
I believe many friends in the crypto industry have thought about how to participate in this wave of the times if we had the opportunity to go back 10 years ago?
Tun BTC?Be a Miner?Establish another Bitmain?Or become an early employee of BN?There seem to be countless choices, nothing more than the past decade of the crypto world. It is really a golden age that breaks through the limits of imagination, and has also created waves of industry legends and big boss myths.
Photo: CZ (first from right) took a photo with early practitioners in the industry
Among them, BN is naturally a model of the wealth effect. You should know that BN was once unknown when it was established before its establishment in 2017, and sought financing everywhere. After it was established, it was even criticized for its BNB breaking its issue. – BNB was launched in July 2017 and issuedThe price was 1 yuan, and then it fell below the issue price and cut to 0.5 yuan at the lowest level.
He Yi later recalled that it was the period when CZ was under the greatest pressure, “I lost 10 kilograms in three weeks.” But no one expected that BN quickly became the world’s largest trading volume in just about half a year after its establishment.It has made rapid progress.
In just four years, by the peak of 2021, some former BN executives valued the company more than $300 billion, and in addition to the founders, they created a large number of billionaires.
In addition to the platform, the Miner field is also a spin-off track for booming development. Taking Shenyu, the founder of Yuchi, as an example, from digging with a laptop in the dormitory in the early days, to buying graphics cards at home, and then seizing industry development in 2013.Opportunity to create a fish pond. A 500 KW fish pond once produced more than 20,000 BTC and more than 100,000 ETH.
As the beginning of the dream of crypto world, the PoW mechanism tied Miner’s wealth and life with the development of BTC, making Miner the most determined evangelist and defender of Bitcoin, giving BTC a strong vitality and becoming the cryptocurrency.The beginning of the world’s crazy beginning—Almost most of the early crypto tycoons and leading companies came from the Miner field.
From a handful of ten thousand coins to the thousand coins and hundreds of coins that are now spread all over the world, from the block production boss (Shenyu, etc.) and the platform boss (CZ, etc.) 6 years ago, to the current approachable people”Ping billions of people” has become different from the past in just a few years.
Not long ago, Hurun released the 2023 Rich List. In the domestic crypto industry, many big shots such as Wu Jihan, Li Lin, and Xu Mingxing were on the list:
Wu Jihan ranked 9th among Peking University alumni with 10 billion yuan; Li Lin ranked 3rd among Tongji University alumni with 7 billion yuan; Xu Mingxing ranked 16th among Renmin University of China alumni with 5 billion yuan.
Of course, the entire crypto industry has passed its initial turbulent era. It may be unrealistic to rely on the replica of the trajectors’ trajectory of the past to achieve wealth by participating in block production and providing block production machines.
However, for ordinary investors, there are still many cost-effective choices in the Web3 industry.
02The best time is 10 years ago, followed by now
The most direct thing is the Airdrop form that has appeared and become popular since the “DeFi midsummer” in 2020 in addition to production blocks and tokens.
This provides a brand new reward for participants with a keen sense of smell and willing to try new things, and is also a large amount of income other than operations such as hoarding tokens in the circle:
Uniswap (UNI) gave away an iPhone 12;
Meme (MEME) gave a house;
Tokenlon (LON) delivered a luxurious dinner;
The Graph (GRT) curator event gave a room;
In 2023, Blur sent a total of 360 million BLUR to more than 62,000 addresses that meet its Airdrop conditions. Among them, the largest single address received 3.2 million BLUR. According to today’s market price, it exceeds 1.6 million US dollars.10 million yuan.
In addition, although ARB, TIA, and JTO Airdrop have limited wealth creation effects, there are stories of getting rich after getting fucked by multiple addresses.
For the Web3 industry in the past three years, practicing new products in daily life is not only to meet one’s own needs, but also to inadvertently lay the grass snake gray line for future surprises.
Just like in “Fanhua”, Zhizhenyuan earns money from information gaps, so the prosperity and decline of Zhizhenyuan and the Yellow River Road are the same breath and destiny: as long as the information gap is still there, the era of Fanhua is horses running and martial arts.Jump, and with the end of the grassroots era, the most obvious feature is that the information difference is gradually being smoothed out.
In the past 2023, Ordinals and meme, as the main narrative, are different from the traditional narrative logic dominated by many large-scale investment and financing projects and VCs, and still give more possible contours to the general public in addition to OG and giant whale.Opportunity to overtake.
Especially the inscriptions and meme information that are flooded in major WeChat groups once made people dream back to the zoo market that year.In addition, spot ETFs have also added new variables to the entire industry:
As the main channel for the market to enter the market with an anticipated over-the-counter incremental funds, everyone is looking forward to ETFs that can bring huge incremental funds, open up the path of traditional mainstream investors to invest in cryptocurrencies, and promote Bitcoin and other products as much as possible.The large-scale acceptance of Wall Street has enabled crypto asset allocation to gain wider recognition.
You should know that the top applications in the Web2 world, whether on Taobao or Amazon, can easily have hundreds of millions or even billions of buyers. As the top Web3 application, users such as MetaMask and ENS are only hovering at the tens and millions of levels., and there are even fewer mainstream BTC holders.
From this perspective, the Web3 industry is still a 7*24-hour stage.After the spot ETF is passed, it will still be a niche market in the next few years, and the incremental entry process is still full of opportunities. What exciting repertoire will be staged next, which is worth looking forward to.
03summary
For me personally, the most impressive sentence in “Fanhua” is the sentence that my uncle said to Mr. Bao:
I know the Empire State Building in New York. It takes an hour to run from under to the roof, and it takes only eight to eight seconds to jump off the roof.This is stocks. If you want to make money from stocks, you must first learn to lose.
Since 2017, especially after the midsummer of DeFi in 2020, in the crypto world, all kinds of colors have been continuously becoming the main narratives – whether it is the golden shovel of DeFi, the sky-high small pictures of NFT, and the ups and downs of the new public chain andThe latest wave of Ordinals.
These rotating narratives constantly provide us with new “counterattack legends” to the general public, teasing our nerves. This is not only the norm in the crypto world, but also a sign that the “golden age” of Web3 has not yet ended.
Therefore, in the Web3 industry, we must remember not to get off the card table – “Walking with an elevator, climbing stairs with a staircase”. As long as we are still working hard on the field, one day, we will usher in the era of flowers that belongs to ourselves..
