Unpopular point of view: the current infrastructure market dominated by Mindshare is not right, there is no project in the web2 market just because mindshare has no products to do 10b+, the web3 market can be like this or the development is not sound enough, the reason is that the market noise is too much, the engineering ability is not strong enough, and there are also white projects that are not pragmatic enough to dominate attention. We have seen product-led projects such as Pendle and Jupiter in the application, but the application layer is still extremely weak in the engineering capabilities of Monad, Berachain, and Eclipse, and the so-called Mindshare is very strong, and the final delivery capabilities are as backward as polkadot and starknet, which will allow us to continue to bear the infrastructure of this cycle. What do high-minded investors in Asia think of @mrjasonchoi
Unpopular opinion: The current mindshare-driven infrastructure market is problematic. In the web2 market, no project has reached a $10B+ valuation solely due to mindshare without a real product, but the web3 market is not yet mature enough to sustain this. The reasons are the excessive market noise, lack of engineering capabilities, and the disproportionate attention given to white-labeled projects that lack practicality.
We've seen projects like Pendle and Jupiter dominating the application layer, but the mainstream is still pushing Monad, Berachain, and Eclipse - projects with extremely weak engineering capabilities. Despite their strong mindshare, their ultimate delivery capabilities lag behind projects like Polkadot and Starknet, which may keep us bearish on infrastructure in this cycle.
I'm curious to hear the perspective of high-mindshare Asian investors, such as @mrjasonchoi, on this view.
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