Behind Web3: The Truth About Financing and Networking

Some behind-the-scenes operations in the Web3 industry are surprising. There are rumors that certain projects can gain promotional opportunities by purchasing large amounts of tokens. This practice initially seemed absurd, but when someone actually made a similar suggestion, I realized I was the one who didn't understand the rules of the game.

In the early days, many people had naive ideas about the financing process. They thought that as long as they had a good product and promoted it in forums, it would be enough. However, in reality, it is necessary to build a wide network of connections, including industry celebrities, advisors, institutions, and so on. Choosing partners often means having to turn down other parties.

Despite the Web3 industry claiming to revolutionize the trading system, factional disputes still exist. There have been rumors in the past that choosing a particular trading platform might affect the chances of listing on other platforms. There may also be competitive relationships among different investors. As the industry has developed, this divergence has weakened, but it has not been completely eliminated.

People tend to label things for quick identification and classification. In the Web3 space, this labeling is even more pronounced, involving aspects such as market capitalization, industry, and functionality. These labels help people quickly understand project characteristics, development stages, and manage expectations. For example, projects supported by a well-known investment institution are often considered more promising.

The spread of online trends ( meme ) also follows a similar logic. They often rely on well-known figures or topics, as this makes it easier to attract attention and spread quickly. As more people participate in discussions or profit, more people will be attracted to join.

Social psychology indicates that individuals are more easily influenced by emotions in a group, and rational thinking is often submerged by the collective unconscious. The Web3 world is like a kingdom full of dreams, where people continuously seek the next opportunity. Those "dream makers" attempt to profit from people's enthusiasm.

Although everyone understands that in the end it should return to value, many still hope to seize short-term opportunities. This leads to a cycle: from initial skepticism to small attempts, then to large investments, and ultimately possibly heavy losses. However, even after setbacks, people will still be attracted by new opportunities.

What we see as the "windfall" may just be an illusion, while the wealth effect acts like an enticing "red pill." In this industry full of opportunities and risks, it seems that people are always repeating similar patterns, making it difficult to break free from this cycle.