By Kyle, Investment Manager@Bing Ventures 特别鸣谢查理芒格先生对本文的帮助和支持。 沃伦·巴菲特的长期商业伙伴查理·芒格曾在接受媒体采访时继续表示对加密货币的不信任。他指出，“加密热潮”是一种“大规模的愚蠢行为”。他形容加密货币“像是一个开放的下水道，充满了邪恶生物”，并希望投资者永远不要碰它，永远不要买它。 我很能理解这种情绪的来源，并相信他的说法是有根据的。作为一个加密行业的早期支持者，我对于加密货币价格的关注也常常超过对于技术发展的期待。最初我认为类似于芒格先生这样的误解是由于人们不了解加密货币可能给生活带来的好处所导致。但是随着时间的变迁，我倾听了更多的传统投资人的意见，其实许多批评都是富有成效的。 更广泛地说，围绕公链展开的加密货币规模化实践随着时间的推移正发生巨大的演变。在这篇文章中，我将分享关于公链的进化论点，并围绕当前公链技术发展的历史性阶段构建一个有趣的下水道模型。特别是，我将探索一种名为PipeFi的新模型。它极有可能在下一阶段引领新的公链发展方向。为什么选择公链传统Web2公司通过业务流产生现金流，而不会在创立伊始就...

By Kyle, Investment Manager@Bing Ventures 特别鸣谢查理芒格先生对本文的帮助和支持。 沃伦·巴菲特的长期商业伙伴查理·芒格曾在接受媒体采访时继续表示对加密货币的不信任。他指出，“加密热潮”是一种“大规模的愚蠢行为”。他形容加密货币“像是一个开放的下水道，充满了邪恶生物”，并希望投资者永远不要碰它，永远不要买它。 我很能理解这种情绪的来源，并相信他的说法是有根据的。作为一个加密行业的早期支持者，我对于加密货币价格的关注也常常超过对于技术发展的期待。最初我认为类似于芒格先生这样的误解是由于人们不了解加密货币可能给生活带来的好处所导致。但是随着时间的变迁，我倾听了更多的传统投资人的意见，其实许多批评都是富有成效的。 更广泛地说，围绕公链展开的加密货币规模化实践随着时间的推移正发生巨大的演变。在这篇文章中，我将分享关于公链的进化论点，并围绕当前公链技术发展的历史性阶段构建一个有趣的下水道模型。特别是，我将探索一种名为PipeFi的新模型。它极有可能在下一阶段引领新的公链发展方向。为什么选择公链传统Web2公司通过业务流产生现金流，而不会在创立伊始就...

By Kyle, Investment Manager@Bing Ventures Special thanks to Mr. Charlie Munger for his help and support on this article. Warren Buffett’s longtime business partner, Charlie Munger, has continued to express his distrust of cryptocurrencies in media interviews. He called the “crypto craze” a “massive act of stupidity.” He described cryptocurrency as “like an open sewer full of evil creatures” and hoped investors would never touch or buy it. I can well understand the source of this sentiment and...

By Kyle, Investment Manager@Bing Ventures Special thanks to Mr. Charlie Munger for his help and support on this article. Warren Buffett’s longtime business partner, Charlie Munger, has continued to express his distrust of cryptocurrencies in media interviews. He called the “crypto craze” a “massive act of stupidity.” He described cryptocurrency as “like an open sewer full of evil creatures” and hoped investors would never touch or buy it. I can well understand the source of this sentiment and...

By Kyle, Investment Manager@Bing Ventures The social sphere of the metaverse is on the verge of exploding. Metacosmic social interaction based on blockchain is an important opportunity to re-liberate humanity and productivity. At the same time, the social infrastructure of the Web3.0 era is being perfected. Web3Graph, as a new Web3 event-driven open Graph infrastructure project, is empowering social with innovative modes such as DeFi, NFT and DAO.The creator of the social graphWeb3Graph conne...

By Kyle, Investment Manager@Bing Ventures The social sphere of the metaverse is on the verge of exploding. Metacosmic social interaction based on blockchain is an important opportunity to re-liberate humanity and productivity. At the same time, the social infrastructure of the Web3.0 era is being perfected. Web3Graph, as a new Web3 event-driven open Graph infrastructure project, is empowering social with innovative modes such as DeFi, NFT and DAO.The creator of the social graphWeb3Graph conne...

By Kyle, Investment Manager@Bing Ventures 在Web3部署的早期阶段，大多数项目都集中在娱乐、游戏和社交网络上。然而，随着Web3技术的发展和成熟，它将为制造、工程和智慧城市等更深度的垂直领域提供支持。除了达到该阶段所需的技术要求外，它还需要更加贴近社会接受度、隐私和安全以及内容创建需求的存储基础设施。Source: Messari存储项目的成败将取决于它从周围环境捕获和存储数据的能力。“获取数据”之后的下一个需求将是“交互和保存数据”，这意味着数据不仅需要以有意义的方式表示，而且还必须具有高性能的响应性。隐私和安全问题同样很关键，因为Web3涉及虚拟资产，会包括大量多种类型的数据，这可能会使用户处于更危险的数据环境。 我们认为MEMO的安全和隐私技术将发挥重要作用，这将重新定义Web3的底层基础设施。人们总是想要更多不仅Web3.0的数据存储很重要，我们还需要考虑如何处理所有数据并使其对用户具有可操作性。无缝共享是一个更高层次的愿景。**安全性和稳定性是永恒的价值追求。 **安全问题主要来自存储服务提供商。如果项目方的经济模型无法以用户利...

By Kyle, Investment Manager@Bing Ventures 在Web3部署的早期阶段，大多数项目都集中在娱乐、游戏和社交网络上。然而，随着Web3技术的发展和成熟，它将为制造、工程和智慧城市等更深度的垂直领域提供支持。除了达到该阶段所需的技术要求外，它还需要更加贴近社会接受度、隐私和安全以及内容创建需求的存储基础设施。Source: Messari存储项目的成败将取决于它从周围环境捕获和存储数据的能力。“获取数据”之后的下一个需求将是“交互和保存数据”，这意味着数据不仅需要以有意义的方式表示，而且还必须具有高性能的响应性。隐私和安全问题同样很关键，因为Web3涉及虚拟资产，会包括大量多种类型的数据，这可能会使用户处于更危险的数据环境。 我们认为MEMO的安全和隐私技术将发挥重要作用，这将重新定义Web3的底层基础设施。人们总是想要更多不仅Web3.0的数据存储很重要，我们还需要考虑如何处理所有数据并使其对用户具有可操作性。无缝共享是一个更高层次的愿景。**安全性和稳定性是永恒的价值追求。 **安全问题主要来自存储服务提供商。如果项目方的经济模型无法以用户利...

By Kyle, Investment Manager@Bing Ventures 从本轮周期的发展来看，在传统的Web2.0业务中植入DAO和MaaS（Metaverse-as-a-Service）似乎还没有非常成功的案例。Web3.0其实还远没有到和元宇宙深度耦合的阶段。Zilliqa是一个古老的Layer1区块链协议，正在尝试转型为支持扩展现实（XR）元宇宙，为其合作伙伴提供MaaS平台的底层基础设施。 在这篇文章中，我们探讨了MaaS是什么，以及自作为扩展现实元宇宙的解决方案推出以来，Zilliqa和其代币ZIL的表现如何，以及未来几个月值得关注的进一步增长催化剂。ZIL是Zilliqa区块链的生态系统代币。用户以 ZIL支付交易费用，然后将其分发给活动验证者及其各自的委托人，以换取保护网络。什么是MaaS？尽管MaaS这个概念看起来很新潮，但曾经类似的应用场景却十分普世，它在金融、游戏、商业等传统领域都有很多成熟的案例，本质上都是在元宇宙供给和需求两端搭建技术桥梁，让资金在两端之间更高效的运转。元宇宙的成功和大规模采用取决于用户自建的能力。换句话说，利用元宇宙即服务技术...

By Kyle, Investment Manager@Bing Ventures 从本轮周期的发展来看，在传统的Web2.0业务中植入DAO和MaaS（Metaverse-as-a-Service）似乎还没有非常成功的案例。Web3.0其实还远没有到和元宇宙深度耦合的阶段。Zilliqa是一个古老的Layer1区块链协议，正在尝试转型为支持扩展现实（XR）元宇宙，为其合作伙伴提供MaaS平台的底层基础设施。 在这篇文章中，我们探讨了MaaS是什么，以及自作为扩展现实元宇宙的解决方案推出以来，Zilliqa和其代币ZIL的表现如何，以及未来几个月值得关注的进一步增长催化剂。ZIL是Zilliqa区块链的生态系统代币。用户以 ZIL支付交易费用，然后将其分发给活动验证者及其各自的委托人，以换取保护网络。什么是MaaS？尽管MaaS这个概念看起来很新潮，但曾经类似的应用场景却十分普世，它在金融、游戏、商业等传统领域都有很多成熟的案例，本质上都是在元宇宙供给和需求两端搭建技术桥梁，让资金在两端之间更高效的运转。元宇宙的成功和大规模采用取决于用户自建的能力。换句话说，利用元宇宙即服务技术...

By Kyle, Investment Manager@Bing Ventures Based on the evolution of this cycle, it appears that there has not been any great success story for implementing DAOs and MaaS (Metaverse as-a-service) into traditional Web2.0 businesses. Web3.0 is far from being deeply coupled to the meta-universe. Zilliqa is an ancient Layer1 blockchain protocol that is attempting to transform to support the extended reality (XR) metaverse, providing its partners with the underlying infrastructure of the MaaS platf...

By Kyle, Investment Manager@Bing Ventures Based on the evolution of this cycle, it appears that there has not been any great success story for implementing DAOs and MaaS (Metaverse as-a-service) into traditional Web2.0 businesses. Web3.0 is far from being deeply coupled to the meta-universe. Zilliqa is an ancient Layer1 blockchain protocol that is attempting to transform to support the extended reality (XR) metaverse, providing its partners with the underlying infrastructure of the MaaS platf...

By Kyle, Investment Manager@Bing Ventures The open source community has proven to be the foundation of the community governance and coordination paradigm. The Governor DAO used crypto tools to improve the DAO system and more broadly to increase token-holder participation through decentralized governance. Governor DAO solved the problem of apathetic participants by iterating on governance rules and frameworks.Source:DeepDAOGovernance effectiveness is the core metric for tracking community valu...

By Kyle, Investment Manager@Bing Ventures The open source community has proven to be the foundation of the community governance and coordination paradigm. The Governor DAO used crypto tools to improve the DAO system and more broadly to increase token-holder participation through decentralized governance. Governor DAO solved the problem of apathetic participants by iterating on governance rules and frameworks.Source:DeepDAOGovernance effectiveness is the core metric for tracking community valu...

By Kyle, Investment Manager@Bing Ventures Led by liquidity mining, DeFi became the focus of the industry in the second half of 2020. Users deposit their assets into the contract to provide liquidity for the agreement, which in turn rewards them with fee sharing and governance tokens. DeFi is a target of attack because of the assets that are stored in the protocol, and hackers can attack the contract in a variety of ways. According to incomplete statistics of SlowMist Hacked, the number of blo...

By Kyle, Investment Manager@Bing Ventures Led by liquidity mining, DeFi became the focus of the industry in the second half of 2020. Users deposit their assets into the contract to provide liquidity for the agreement, which in turn rewards them with fee sharing and governance tokens. DeFi is a target of attack because of the assets that are stored in the protocol, and hackers can attack the contract in a variety of ways. According to incomplete statistics of SlowMist Hacked, the number of blo...

By Kyle, Investment Manager@Bing Ventures 元宇宙社交领域正处于爆发的前夕。基于区块链的元宇宙社交是重新解放人性和生产力的重要契机。同时，Web3.0时代的社交底层网络和基础设施正在完善。 Web3Graph作为全新的 Web3 事件驱动的开放graph基础设施项目，正在用DeFi、NFT、DAO等创新模式正在给社交赋能。创造者社交图谱的纽带Web3Graph围绕用户的协同效应将碎片化的社交价值联系起来。Web3Graph引入了“Event Engine”的概念。这意味着，当你开始进行社交时，你可以确定拥有自己社交网络的一切活动所有权，然后继续提取大量的社交价值。 对于希望将社交图谱作为其社交核心的用户来说，还有更多预期的好处。社交图谱能够为你的业务创造收益，并且能够解锁你的用户体验并将所有权交给你自己。由于连接了碎片化的内容，市场基本上发现了信息价格和业务。可以说，社交图谱极大解放了虚拟网络背后的社会资本。Source: Web3Graph 社交图谱不仅授予用户以元宇宙的数字地位，而且还直接控制整个元宇宙的社会权限。在某种程度上，Web3...

By Kyle, Investment Manager@Bing Ventures 元宇宙社交领域正处于爆发的前夕。基于区块链的元宇宙社交是重新解放人性和生产力的重要契机。同时，Web3.0时代的社交底层网络和基础设施正在完善。 Web3Graph作为全新的 Web3 事件驱动的开放graph基础设施项目，正在用DeFi、NFT、DAO等创新模式正在给社交赋能。创造者社交图谱的纽带Web3Graph围绕用户的协同效应将碎片化的社交价值联系起来。Web3Graph引入了“Event Engine”的概念。这意味着，当你开始进行社交时，你可以确定拥有自己社交网络的一切活动所有权，然后继续提取大量的社交价值。 对于希望将社交图谱作为其社交核心的用户来说，还有更多预期的好处。社交图谱能够为你的业务创造收益，并且能够解锁你的用户体验并将所有权交给你自己。由于连接了碎片化的内容，市场基本上发现了信息价格和业务。可以说，社交图谱极大解放了虚拟网络背后的社会资本。Source: Web3Graph 社交图谱不仅授予用户以元宇宙的数字地位，而且还直接控制整个元宇宙的社会权限。在某种程度上，Web3...

By Kyle, Investment Manager@Bing VenturesThe government shut down after its credit collapsed has become a problem about equal to having an elephant in the living room. It’s so big you just can’t ignore it.We have to admit that it is difficult to set up a valuation system for cryptocurrencies, but you can’t deny the fact that they are a new generation of currency.Bitcoin can accumulate more and more foreign exchange reserves under the premise of absolute independence of monetary policy, free c...

By Kyle, Investment Manager@Bing VenturesThe government shut down after its credit collapsed has become a problem about equal to having an elephant in the living room. It’s so big you just can’t ignore it.We have to admit that it is difficult to set up a valuation system for cryptocurrencies, but you can’t deny the fact that they are a new generation of currency.Bitcoin can accumulate more and more foreign exchange reserves under the premise of absolute independence of monetary policy, free c...

By Kyle, Investment Manager@Bing Ventures DeNet is a multi-chain ecosystem that offers fully decentralized storage based on DeFi tokenomics and monetization services for every participant, be it miners, developers, content creators or users. At present, the product ecology is relatively sound. The DeNet storage service is fast, secure, and relatively user-friendly. As a mature NFT storage scheme, the protocol has a convenient and secure storage environment and advanced management functions. U...

By Kyle, Investment Manager@Bing Ventures DeNet is a multi-chain ecosystem that offers fully decentralized storage based on DeFi tokenomics and monetization services for every participant, be it miners, developers, content creators or users. At present, the product ecology is relatively sound. The DeNet storage service is fast, secure, and relatively user-friendly. As a mature NFT storage scheme, the protocol has a convenient and secure storage environment and advanced management functions. U...

By Kyle, Investment Manager@Bing Ventures In the early stages of Web3 deployment, most projects focused on entertainment, gaming, and social networking. However, as Web3 technology evolves and matures, it will support deeper verticals such as manufacturing, engineering and smart cities. In addition to the technical requirements to reach this stage, it also requires a storage infrastructure that is more closely aligned with social acceptance, privacy and security, and content creation needs. T...

By Kyle, Investment Manager@Bing Ventures In the early stages of Web3 deployment, most projects focused on entertainment, gaming, and social networking. However, as Web3 technology evolves and matures, it will support deeper verticals such as manufacturing, engineering and smart cities. In addition to the technical requirements to reach this stage, it also requires a storage infrastructure that is more closely aligned with social acceptance, privacy and security, and content creation needs. T...