The blockchain industry has undergone extremely rapid changes during 2020-2022. From 2019 to the beginning of the first half of 2020, there were almost no interesting primary projects and new ideas. Compound directly led the Defi boom, and then led to continued hot spots and entrepreneurial climaxes such as DEX, NFT, Metaverse, and GameFi.
But all walks of life follow the laws of nature, the law of yin and yang harmony, there is a tide and there is a tide. In 2022, with GMT leading the last wave of X to Earn craze, the "grand debut" of LUNA, the top 3 in the industry at that time, also directly cooled down this overheated market like the arrival of the moon and the night. In addition, the Fed's interest rate hike strategy and the global supply-side imbalance caused by the Russia-Ukraine conflict have caused great volatility and uncertainty in the market.
Everything is indirectly reminding us that we are in a period of extreme instability and coexistence of diversified factors. Black swans and white swans are even more inseparable. 💡2023 will enter the entrance of a real new era. The potential crisis is still not completely resolved (debt, inflation, etc.), but the combination of VR/AR/Blockchain Tech led by blockchain will be closer and open the door to a new era more quickly. At the same time, China is also likely to quickly integrate into this track between 23-25, and gradually become more stable and universal.
(Note: This article was written in November 2022. The principles are universal. It is a new content platform sent to BN partners. The content on 23.1.31 has been further filled and optimized compared to the original manuscript)
There are huge opportunities and uncertainties in the future. In order to better meet the new rhythm point, we may pay attention to the following 5 points:
✨1. The blockchain world will develop larger ecosystems and exchanges, but not that many.
From the historical trend, everything is heading towards unity after merger and elimination, and the same is true in the field of blockchain. Now the ecology of the public chain platform, which is flourishing, has gradually entered a stage of fierce competition. With the test of the bear market, the projects and exchanges we are familiar with will inevitably leave more than just LUNA. Of course, the fierce competition is also the alchemy stone of high-quality ecology. Whoever can grasp the historical trend while stabilizing the internal situation will become the next leader in the world of chain.
Maintain relative financial leverage stability, user asset security, and steadily expand investment and strategic layout to grasp key historical level nodes.
Risk avoidance and allocation should be done as early as possible. Focus on projects with long-term value, and try to stay away from projects that are full of empty talk and excessive boasting. If you want to play, you should treat it as a condiment rather than a staple food.
✨2. Carry out rich spiritual exercises as early as possible to welcome the alternative fantasy world brought by the metaverse and virtual age, and effectively deal with deeper loneliness.
The continuous advancement of science and technology often brings more convenient living conditions and a more lonely spiritual world. The rapid acquisition of information and news, the cool virtual special effects and the general trend of VR and AR can enable us to basically foresee that the future trend will be similar to that of "Ready Player One" and "Off the Record".
According to the law of conservation of the universe, energy on the spiritual level must also be conserved. A simple example is that when the 80s and 90s were young and technology was not well developed, their friends would ask them to go downstairs to play every day, while the 00s and 10s basically spent their childhood with pads. The latter obviously communicate more online, while the former communicate more offline face to face, and this sense of loneliness and distance will only grow. Many people born in the 2000s suffer from mental illnesses such as depression too early. The premature bombardment of technology and information is more likely to hurt people's spirits before the barriers and defense lines of values are built. In the field of financial technology, which is full of luxury, this is even more complicated. The temptation of money will amplify its power by at least 2.5 times.
Therefore, if you start to build up your mental capacity as early as possible, you can avoid the discomfort when the tide of the times comes. A small number of people are eliminated by competition, and most of them are eliminated by the times (you can start with some classic books - Analects, Zhouyi, Secret of the Golden Flower, etc.)
✨3. Most projects that claim to have Tech DNA are not actually Tech; Blockchain will be everywhere
Real Tech projects can often survive the bear market. Because they only need computers and sheltered accommodation to continue development, and do not need to spend a lot of money to hire too many expensive technical personnel. (Refer to Airbnb's early days) This is very important for the early and mid-term development of a project, and whether engineers can resist the temptation of more convenience brought by blockchain technology when they suddenly face the temptation of huge financing is also a very critical point. Therefore, sometimes, projects under the guise of technology and slogans are often more deceptive than CX projects, because they will make people CPU.
But one thing is certain: blockchain technology will be everywhere in the next five years. The ones that are closest to our lives and will be popularized the fastest should be: NFT of historical relics, ticketing systems (such as Ant Financial's ticketing application, the World Cup's ticketing application), authentication systems (property certificates, academic certificates, birth certificates, etc.) and item traceability (the application of various blockchains in milk, wine, and luxury goods), the popularization of asset tokenization (apartment ownership, company tokenization, etc.), and the recognition of BTC as a currency attribute outside of assets by various countries.
Only by keeping up with the trend of the times as soon as possible can we catch the last train more effectively. Because, the branch development has already begun.
✨4. Everyone knows that hot water is scalding and will quickly avoid it, but when faced with high temperature hot spots, people often rush towards them and forget the risks.
We often do the opposite of what is easy to understand in life when applying the same principles in other fields. For example, the simplest thing is to avoid hot water, because hot water has our physical nervous system as a forced protective stress response, and it can also prevent excessive injuries. However, there are hot spots with risks in the market, and our spirits are often paralyzed by the temptation of interests, which may eventually lead to regrets.
Therefore, in the future virtual and technological era, there will be more sugar-coated bombardments, and it is very important to keep your judgment relatively objective. Let your skills take advantage of the hot spots, and have a protection system to prevent yourself from getting hurt. In fact, someone who is very good at taking advantage of hot spots has already taught us this. Every time, he can almost get the hot spots excited and then retreat safely. The most obvious example is NFT, which was a hot spot hyped by GameFi in the early days.
✨5. Values will not change their core essence because of the change of times. But it will test the judgment ability and self-awareness of self-selection.
With the development of science and technology, you will be more and more intertwined with me. The once simple business model may become more tangled after the integration of blockchain, VR, AR and other technologies. But the core essence will not change, just like a normal man, no matter how fancy he wears or how seductive he dresses, his external physiological structure is still that of a boy (except for surgery). But the requirements for judging and cognitive abilities are higher, and with complexity, there are more opportunities. Because for the same enterprise or project, there may be more Hamlets, and it will be particularly important to constantly update your learning library. At the same time, the influence of individuals on society will be further enhanced.
🥝Summary🥝:
2022 is a transitional year before the arrival of a new era. In the next 20-30 years, we will most likely enter a stage where technology and human beings are more inseparable. In this way, we will usher in the future technological explosion. At this stage, I personally think that the second of the five points is the most critical. The continuous progress of material and technology will most likely lead to spiritual regression, but fortunately, our cultural roots are deep enough to enrich our hearts and allow us to welcome the new world more comprehensively.
Blockchain technology, whether public chain, private chain, or alliance chain, is a major trend of technology popularization. It will not die because of some people's badmouthing, but it will not be over-deified because of some CX. As an ordinary member, the best way is to keep learning and enriching yourself, and always stay calm and stay away from places with complex and confusing special strategies.
The opinions in this article are all personal opinions of the author. They do not contain any investment advice or guidance. I hope we can discuss and make progress together.