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Waterdrip Capital: The New Logic of Web3 Entrepreneurship in the Global Trade Order

1. The United States is building a new trade and financial order to maintain its global dominance, which includes incorporating Bitcoin into its national strategic vision, anchoring it with gold as the asset of the new financial system, and consolidating the dollar's credibility through a combination of physical assets and digital assets. 2. The global crypto market has undergone a transition from frenzy to calmness, entering a phase of deep retracement and cleansing, with projects lacking genuine value gradually disappearing. This has provided entrepreneurs with an opportunity to build a solid foundation and nurture new opportunities, especially in the Bitcoin ecosystem, public chain ecosystem, real-world assets (RWA), and payment finance (PayFi) sectors. 3. Against the backdrop of macro-environmental turbulence and a preference for conservative capital, crypto startups that operate steadily and have healthy cash flow are more likely to break through, designing business models oriented towards cash flow and considering how to generate stable income rather than relying solely on token appreciation or subsidy-fueled expansion. 4. The emergence of crypto concept stocks marks the integration of the crypto industry with mainstream finance. These companies participate in the blockchain industry in various ways, providing investors with diversified investment targets. They also guide entrepreneurs on which mode is more likely to be accepted by mainstream capital. 5. Web3 entrepreneurs have started considering new paths for funding and development. In addition to relying on issuing tokens for funding, the path towards tokenizing equity (i.e., traditional equity financing and going public) is becoming increasingly clear. Entrepreneurs should comprehensively consider the project type, revenue model, regulatory environment, and team expertise to choose the most suitable funding and development path.
blockbeats|Apr 24, 2025
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