What kind of blockchain companies are worth investing in?
Author: Liu Honglin
This afternoon, I had a conversation with a blockchain industry fund manager with a government background. There were many topics, but the main point was summed up in one sentence: "The fund has money, but it just can't invest it."
This sounds quite heartbreaking. After all, blockchain is a hot topic in the media, with capital markets frequently showcasing financing cases worth hundreds of millions of dollars. However, when it comes to actual investments in the domestic market, especially from industry funds with official backgrounds, the reality is completely different.
Investing abroad and issuing tokens is strictly prohibited; this is a red line. As for exchanges and financial licenses, the barriers for capital outflow are even more daunting. What about investing domestically? The result is even more awkward: either it's a consortium chain, or it's an IT outsourcing company with a "blockchain" facade. If you really want to pour money into it, no one has any confidence.
In the end, we smiled at each other and reached a consensus: take it one step at a time????.
But behind this smile is actually the embarrassment of the entire industry: theoretically, there are many tracks that can be discussed, but in reality,