challenges in the Crypto field

Facing the current challenges in the Crypto field, in-depth reflection and forward-looking discussion are necessary. Although the Crypto field has great potential, its development is currently dominated by short-term speculation and gambling. This phenomenon is particularly significant in sub-fields such as DeFi, NFT and GameFi. Profitability has become the primary goal of many participants, which reveals a core problem: most crypto applications have not yet met real user needs and lack sustained value creation.

We cannot simply excuse the status quo by saying "it's too early". The widespread adoption and long-term success of the crypto world relies on developing innovative applications that solve real user problems, rather than relying solely on ideas and white papers full of grandiose promises. We see not just challenges, but huge opportunities - to bring the practical applications and benefits of blockchain technology to the next billion users through innovation and real value creation.

In recent times, I have been actively responding to some challenges faced by the cryptocurrency field. At the same time, I have been thinking about the future development prospects of cryptocurrency, and I am puzzled by some of the problems. This article is intended to share my in-depth thoughts and explorations of these feelings.