The version is about to start switching again The version that belongs to the head of the chain is coming to an end And the version that belongs to the on-chain VC is about to begin Here's why: 1. The ceiling version of the project that can be driven by the head of the chain is already very obvious, and it is basically a meme coin, which cannot really drive the innovation narrative and the emergence of new infrastructure; 2. The core of the on-chain head lies in trading, and more nakedly, it is to grab liquidity, so the first priority must be to think about their own interests, and at the same time, because to maintain the winning rate, in the existing environment, the pattern is a loss, and the contrarian construction is a fool, so it is the best choice to pour it in advance (the head of the car with construction ability has died in the last version); 3. The synergy between the head of the car and the upstream and downstream of the exchange and other industrial currency circles is almost 0, and it is difficult for the head of the car to run to teach the dog village and the exchange to do things while maintaining the image of their "independent researchers", and another point is because everyone is more i; 4. A large number of VCs have not invested in the primary market, but there is still a lot of money in hand, at this time there is only one way left for them, to the chain, we have recently clearly seen that many high-control projects with VC or Mingzhuang support behind them are going better, and after more than 2 years, many VCs have gone from rejecting the chain to now embracing the chain; In a sense, generations of car leaders have completed their historical mission: in addition to making money, voting with their feet with retail investors, forcing VC and exchanges to build the chain, in a sense, it is like a kind of peasant uprising, but we also want to formally the limitations of the head, most of the head of the car is a trader rather than the industry's infrastructure builders and newcomers, at least so far, I have not seen any head of the car has the ability to talk to the government or even the boss of a listed company, so the chain has developed to this day, The power of the industrial currency circle is also about to start to intervene: VC and exchanges are accumulating, and the leaders are investing in research and trading, and they are beginning to enter the joint stage to break the ceiling on the chain - this version is about to start.