It is also an NFT project, why domestic projects have been slow to develop?

Recently, the nft market has been running all the way, completely ignoring the continuous downturn in the currency circle. After several years of development, the nft market is slowly maturing. Some projects have become the blue-chip consensus in the circle. The most typical ones are APE, azuki, doodles, etc. These communities have indeed become very organized and cohesive. It is relatively large, and it constantly attracts some kols for endorsement.

Those who have been in this circle for a while will find that these blue-chip projects have a common feature that they are all foreign projects, and even if there are some domestic projects that can attract popularity, they will soon become second- and third-rate. The project was finally forgotten. This is not to say that there are no second- and third-rate waste projects abroad, but why blue-chip projects are all foreign, while domestic projects are not ranked? This phenomenon is also true from the perspective of the development history of the currency circle. The mainstream blue-chip projects in the currency circle are all foreign, while the domestic ones have basically disappeared.

This is a question worth thinking about. Because this phenomenon does not appear in a day or two, but exists in all walks of life. Are you saying that there is no capital and no talent in the country? On the contrary, most of the capital talents in the market are provided by China, especially in the early stage of industry development. China occupies a leading position with a large share in many aspects, but why not later?

To analyze this phenomenon from the recent nft market, the nft market is a very special industry, which is simply cultural output. And this is also the most visible difference between domestic and foreign. The original punks and kitties in the nft market were also made abroad, but they were tepid, and nft was not ignited until last year. It can be said that the domestic and foreign NFT markets are basically synchronized, and everyone is on the same starting line, but last year, with the foreign APE products that completely ignited the entire market, domestic projects also took advantage of the Dongfeng to catch a ride, but Soon the momentum of foreign projects obviously overshadowed domestic ones. Anyone who participates in the nft market subconsciously tells themselves: the domestic market is to make quick money, and it is to cut leeks. And the ridicule that the Chinese do not cut the Chinese. Therefore, in order to join this market and share the dividends of the nft market, most domestic funds and talents, all aesthetics and investment logic are basically done in accordance with the Western way. That is, if a project obviously has Chinese characteristics, but it may not be popular, because foreigners do not recognize it, and foreigners do not recognize it, then it becomes a project for the Chinese to cut off the Chinese, regardless of how high the project starts and the resources How strong it is, it will be very difficult to achieve sustainable development in the future.

One of the most important reasons is that the domestic market is relatively large, and it is easier to make quick money. To put it bluntly, it is easier to cut leeks. Many people in China rush to rush when they see something, no matter what it is, as long as they think they can make money, they rush. The more people onlookers, the more they join in, so that most of the people and funds involved in the project are of this type. We know that in the early development period of the project, the project was designed with many bugs and unreliable development. Due to the large number of participants, it led to high opening and high walking, which made the project party lose the opportunity to build the product slowly. If there is a problem with the product, it will be magnified. As long as any idea is not realized, it will be ridiculed and cut off. The participation of the public has indeed solved the problem of cold start of the project. It is easy to obtain funds and talents, but not enough tolerance and openness The mindset allows the project to go through constant trial and error and optimization. So even if the project team had their original intentions at the beginning, it is difficult for them to make a difference in the face of this irrational torrent. As a result, the project team has become very pure to make quick money and cut leeks. Anyway, I will do everything in the future. If it is thankless, then we will each take what we need. You can make quick money by speculating on projects. We will tell stories and draw cakes, and everyone will have a bright future.

The second is the impact of the entire policy environment. From the perspective of the development of the currency circle, there is indeed a big gap between China and Europe and the United States. The domestic situation is that if you let it go, you will die. If the industry does not solve any substantive problems for the time being or cause trouble to the government, Domestically, it is generally hacked to death. Foreign countries are relatively slack, that is, I will draw a framework for you, what can be done and what cannot be done, and then continue to discuss according to the development of the industry. From this point of view, foreign countries will give time, patience and tolerance. The development of new industries and new things. Because they understand that the reason why Western countries have taken the lead in the field of technology is because they tolerate this innovative development.

Again, there are social reasons. In China, there has always been a deep-rooted thought, that a small rich means peace and contentment. Therefore, once the elites of many industries have reached a certain position and their wealth has reached a certain level, they will start to retire bravely and retire for the elderly. The empowerment of the new generation has led to the lack of help and guidance in the process from birth to development of the new industry, which has led to the lack of guidance by some people with sufficient voice and resources to guide the new industry, resulting in a chaotic development of the entire industry. There will be many detours, and these detours could have been passed quickly under the guidance of the predecessors, but the latecomers have to spend a lot of time and resources to go through. It is precisely because the new industry does not have the platform of its predecessors, which leads to the misallocation of resources. Many good projects miss the opportunity and die directly. On the other hand, in Western society, many people are still struggling in the front line at the age of 70 or 80. Through their own voice and resources, they are like an old horseman driving a car, and they earnestly help newcomers to take root in new industries and help newcomers to do Some things that are within your power, but these things are vital to the newcomer. And when the time is right, these old grooms will give way to the sages and let the newcomers go to work.

Also, there is the issue of the entire social infrastructure. When many industries in China are developing, they lack supporting infrastructure. As a result, if an industry is not developed, it is necessary to repeatedly build wheels, which not only wastes resources, but also misses opportunities. Because the rules for the development of many industries are that whoever develops well will make the rules. The West has always been better in this regard. The social infrastructure, schools, enterprises, and some social organizations can be organized in an orderly manner to quickly empower new industries, including government assistance. The result is the rule discourse of most emerging industries. Power has always been in the hands of the West. The rules are made by others. Even if there is a huge domestic market, it is only a place for practice, not a place for active industry development.

Finally, there is a phenomenon in foreign culture, that is, there are many cases of enterprise evergreen. Although many companies have changed over a few years or more, some companies are still at the forefront of innovation, such as Microsoft and Apple. Both companies were founded in the 1970s, and their innovative energy continues to lead the way in technology. This is relatively rare in China. Although the development history of domestic enterprises is relatively late, it is basically foreseeable that domestic enterprises will eventually become state-owned enterprises. The characteristics of state-owned enterprises are monopoly, monopoly of resources and enjoyment of policies. They often use administrative means to pick fruits for other types of enterprises, and their innovation and contribution to social development can be described as indescribable. Therefore, foreign cultures have the ability to stay evergreen, and some companies can always find the second growth curve when the times change. Therefore, although some foreign projects have a low starting point, they have strong explosive power behind them. As a whole, there is a trend of low opening and high walking. In China, it is the opposite, which is high opening and low walking. This experience is very poor. It's hard to be alive.

The above simply analyzes the differences between Chinese and Western cultures from the development of the nft market. I hope to give you some inspiration and avoid detours in the future development of the industry. I also hope that one day the domestic environment can be truly improved, and it can become a base for the development of new industries, and can continuously export new technology ideas and cultural influence to the world, instead of relying on intensive labor to obtain products with meager profits. (PANews)