The Transformation of Investment Landscape in the Web3 Field and Future Outlook

In the Web3 space, the investment landscape is undergoing profound changes. Some well-known crypto investment firms are facing difficulties, while others continue to maintain strong momentum. This shift reflects the development trends and challenges within the entire industry.

After a certain crypto investment institution invested heavily in the BTC L2 sector, it decided to shift towards the post-investment management phase. This decision highlights the high risk nature of crypto investments. At the same time, some Chinese investment institutions have also begun to adjust their strategies, either shifting to the secondary market or focusing on supporting invested projects to go live on trading platforms. These changes reflect the different ways investors respond to market fluctuations.

In contrast, a well-known investment institution in Silicon Valley continues to maintain its strength. This institution not only raised substantial funds in the AI field but also maintained the large scale of its crypto fund. This differentiated strategy highlights the varying risk preferences and long-term perspectives of different investment institutions.

Currently, the cryptocurrency industry is exhibiting an interesting regional division of labor: the West is responsible for concept development, while the East focuses on project development; the West concentrates capital, and the East provides liquidity. Despite this, an increasing number of Eastern institutions are beginning to pursue "internationalization", a trend that is worth noting.

In terms of exchanges, stablecoins, and compliance, the East seems to be in a relatively backward position. This situation reflects the broader historical context and the current global economic landscape.

With the "export to domestic sales" strategy of a certain AI company, we are witnessing a resurgence of traditional venture capital. However, the past model of USD + offshore companies + venture capital + Chinese market is disappearing. The domestic investment environment is also changing, with local governments paying more attention to "hard technology" and localization, while the central government is planning for future industries.

The challenges faced by Chinese cryptocurrency investment institutions stem from multiple factors. Western investment institutions can naturally embrace the global market, while Chinese institutions find it difficult to directly enter the local market and can only rely on a Western background to compete. This structural difference affects the development paths of different institutions.

In the current situation, the future direction of the Chinese crypto community has sparked much thought. Finance has always been a means of mobilization, rather than merely a speculative tool. The balance between innovation and long-termism, as well as how to find one's place in global competition, are all questions that industry participants need to consider.

The future development may not be smooth sailing. Various platforms may become the "lords" of the information age, hindering the development of newcomers. We need new innovative paths and breakthroughs. At the same time, the contradiction between speculative behavior and long-termism also needs to be resolved.

Finally, practitioners in the cryptocurrency industry face an important challenge: how to leverage the local liquidity market to build public products for a global audience. This is not only about commercial success but also about the long-term development of the entire industry. In this era full of opportunities and challenges, finding one's position in global competition will be a question that every participant needs to contemplate.