Tangent Lianchuang: The crypto industry is stagnant and lacks innovation. Web3 needs to undergo a thorough adjustment before it can recover

On August 22nd, Jason Choi addressed stagnation in Web3 despite better acceptance of Bitcoin and Ethereum. Investors, who thrived between 2018 and 2020, feel frustrated by the lack of innovation in the industry.

Choi emphasizes the need for a major market adjustment for Web3 to recover. He also highlighted that the ecosystem’s current nihilistic outlook affects investment behaviors, with many treating income as a narrative.