...Web3.0 Is Not Ideal

Anon: Okay, that is almost everything that I do daily! But why not just build specifically for Web3.0? Surely it is all over the news!

Narrator GPT: Web3.0 is promising, but there are challenges...

For Web3.0 Participants

1）Learning Barriers On New Concepts: Web3.0 is still relatively foreign among the public. Technical jargons and complicated concepts are common in Web3.0.

2）Short-lived Narratives: New concepts and narratives are introduced at a rate not easy to keep up with.

3）Lack of accumulation - Lack of a platform that allows users to share and learn Web3.0 knowledge, from the easy to the difficult and to the complicated.

4) Speculative Culture: New web3.0 participants are 'degens', mainly focus on speculation of profits instead of learning, investing and growing.

For Web3.0 Projects

1) Creative Barriers On New Hypes: New projects with buzz appearing too often. Original ideas gave in to easy copying with no creativities.

2) Short-lived Projects: There are still lacking of projects that are creating long-term values; projects lifespan are short.

3) Lack of profitability: Pre-sales / IDO / IGO / INO has been the norm in generating profits and few cares about a continuous profitable business model. Ponzi-nomics / Over-reliance on profiting from players are not uncommon.

4) Speculative Mentality: Some web3.0 projects are short-term focused, with the mentality of “rugging" or "dumping on retails".