Hong Kong Web3 Conference Observation: Industry Ecosystem Restructuring and Product Orientation Shift

Gate.io News bot message, at the recent Hong Kong Web3 conference, several phenomena are worth following. Western public chains treat Eastern entities only as user relationships and have not reached the level of partnership. The atmosphere at the venue was relatively quiet, with an increasing number of attendees in suits. In the RWA field, there have been some PPT projects claiming to be Web2 elite.

Participants generally believe that the bear market phase provides opportunities for developers (Builder ). In the new cycle, product development should focus on the ability to gain insights into market demand and mastery of underlying chain technology. The industry's focus has shifted from "market dream rate" to "market share," emphasizing the creation of practical products with cash flow and business models.

Source: Shijiu Jun