The deep thinking from the boss of Jocy, a top fund in Asia, is very touching:

1. It is a good thing for VC to support projects, but the extremely long lock-up period makes them passive. In the long run, what can support the industry and high-quality projects?

2. The development dilemma of ETH does reflect the dilemma of the industry.

3. Jocy calls on projects to consider real users and use cases. We look forward to the efforts of industry giants such as iosg and Binance to promote the emergence of low-valuation and high-use case projects.