Web3 Cold Winter Battle Royale: Resignations, Closures, Transformations, and Selling Out
The fierce clash between technology and capital, products and markets, vision and reality has caused Web3 startups to fall one after another like falling leaves. Waves of layoffs, transformations, and closures are sweeping through, with each story reflecting the confusion and reluctance of market participants.
(Previous summary: a16z: Using crypto spirit to find Web3 talent, stop focusing only on education and big company resumes)
(Additional background: Why did the gold farming studios support Warcraft but "kill" all Web3 Games)
Table of Contents
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Layoffs
Transformation
Selling Out
Hacks
Closures
Conclusion
In the recent year of the crypto winter, one Web3 startup after another has withered away like falling leaves. The once-booming bull market has vanished, replaced by broken funding chains, rampant hacking, and strategic confusion. Many companies once relied on