A short summary of @festival_web3 last week in HK. 1. More ppl than expectation. There’s almost no much volume on chain, but still a lot of ppl attending the events, not just main event but also @BNBCHAIN one; 2. @ethereumfndn still trying hard to push the development of L1 and grow the dev eco; 3. Most VCs and projects are no longer in events or actively working. No new projects, devs and primary market is almost gone; 4. The 1% left builders and projects talking about agents, payments, trading and no more infra; 5. Many so called “active market makers” seeking deals with projects to help manipulate the tokens; 6. AI extracts money, devs, VCs, attentions, etc. almost everything from crypto. We can say it’s good for cleansing out mediocre, but looks like new talents don’t feel crypto as cool as 2020 to join. Really tough time for all builders and investors still left in crypto. Need innovations to make it cool again.