I. The transformation of investment institutions in the Wave of Web3.0 The history of the Internet is both an epic of entrepreneurs and an epic of investors. A series of top venture capital institutions such as Sequoia and IDG have invested in the "half-wall" of the Internet industry. For example, a venture capital of Sequoia Capital alone has invested in Google, Yahoo, Oracle, Youtube, Paypal, Cisco and Apple abroad, and invested in Alibaba, Meituan, Tencent Music, Sina, JD.com and other wel...