温馨提示：本站仅提供公开网络链接索引服务，不存储、不篡改任何第三方内容，所有内容版权归原作者所有
AI智能索引来源：http://www.bee.com/id/59737.html
点击访问原文链接

Why are products in the crypto space so likely to fail to launch? | Bee Network

进入原网站 导航首页
Why are products in the crypto space so likely to fail to launch? | Bee Network Login Berita Trending Meme Launchpad Agen AI DeSci Penjelajah Rantai Atas Untuk Newbee 100x Koin Permainan Lebah Situs Web Penting APLIKASI yang Harus Dimiliki Selebriti Kripto DePIN Pemula Penting Detektor Perangkap Alat Dasar Situs Web Tingkat Lanjut Pertukaran Alat NFT Hai, Keluar Alam Semesta Web3 permainan DApp Sarang lebah Platform Berkembang IKLAN Mencari Bahasa inggris Isi Ulang Koin Gabung Unduh Universitas Web3 permainan DApp Sarang lebah IKLAN rumah-Analisis-Why are products in the crypto space so likely to fail to launch? Why are products in the crypto space so likely to fail to launch?Analisis4 bulan yang lalu更新Wyatt 16,762 8 Disusun oleh Odaily Planet Daily Golem ( @web3_golem )

Most of the kripto founders I know are now on their third transformation. This group developed NFT platforms in 2021, moved to DeFi yields in 2022, and then to AI agents in 2023/24. Now they’re chasing this quarter’s hottest trend (maybe prediction markets).

Their transformation wasn’t wrong; in fact, in many ways, their strategy was correct. The problem is that this model itself makes it difficult to build any products that can thrive in the long term.

18-month product cycle New concept emerges → Capital flows in → Everyone transforms → Continues to develop for 6-9 months → New concept disappears → Transformation again.

A crypto cycle used to last 3-4 years (during the ICO era), then shortened to 2 years, and now, with luck, a crypto cycle can last a maximum of 18 months. Crypto venture capital fell by nearly 60% in the second quarter of 2025, leaving crypto founders without enough time and money to develop before the next narrative forces them to transform again.

It’s nearly impossible to build anything meaningful in 18 months. Real infrastructure takes at least 3-5 years, and achieving true product-market fit takes years, not just a few quarters of iteration.

However, if crypto founders continue using last year’s narratives, they’re wasting money, investors will abandon them, and users will churn. Some investors will even pressure crypto founders to conform to current trends, while their teams will begin evaluating investments in projects that have secured funding based on this quarter’s hottest narratives.

Sunk cost fallacy as a survival mechanism Traditional business advice advises against falling into the sunk cost fallacy: if a project doesn’t work, immediately switch to another. However, the crypto space has completely fallen into this trap, treating the sunk cost fallacy as a survival mechanism. Now, no one persists long enough to validate what they’re doing ; instead, they switch at the first sign of resistance—slow user growth, difficulty in securing funding—all of which lead to a shift in strategy.

Every crypto founder makes this trade-off:

Continue developing the existing product; success may come in 2-3 years. With luck, you might even secure another round of funding. Shift to the popular narrative: secure immediate funding, showcase paper profits, and exit before anyone realizes it’s not working. The second option wins in the vast majority of cases.

The project is always nearing completion. Few crypto projects actually deliver on their roadmaps. Most are always in a “near completion” state, missing just one feature to achieve product-market fit. They never truly come to fruition because halfway through, the market winds shift, and overnight, completing your DeFi protocol becomes meaningless, as everyone’s talking about AI proxies.

The market will punish completed projects. This is because a finished product has its known limitations, while a product that is “about to be completed” still has unlimited narrative potential.

Capital chases attention, not completion. In the crypto space, if you have a new narrative, you can raise $50 million even without a product; if the narrative is established and the product is available, it may be difficult to raise even $5 million; if it’s an old narrative, with a product and real users, then it may be impossible to raise funds at all.

VCs don’t invest in products; they invest in attention. Attention flows to new narratives, not old ones. Most teams nowadays are focused solely on “narrative maximization,” optimizing for which story will attract funding, without caring what they’re actually doing. Completing projects limits you, while abandoning them gives you more options.

Team retention rate If you’re a crypto founder, once a new narrative emerges, your top developers might be poached for hot new projects with double the salary, and your head of marketing might be snatched up by a company that just raised $100 million. You can’t compete because you abandoned the hot narrative six months ago to truly finish the project you started.

Nobody wants to participate in boring, stable projects. What they want are chaotic, well-funded projects that might collapse but could potentially yield tenfold returns.

User attention duration Crypto users sometimes use a product simply because it’s new, because everyone’s talking about it, or because there might be an airdrop. Once the narrative shifts, they leave, and no one cares whether the product is subsequently improved or whether the features they requested are added.

In fact, we cannot build sustainable products for unsustainable users. Some crypto founders have repeatedly shifted their focus to such an extent that they themselves have forgotten their original goals.

Decentralized social networks → NFT market → DeFi aggregator → gaming infrastructure → AI agent → prediction market… Transformation is no longer a strategic issue, but has become the core of the entire business model.

Infrastructure Paradox In the crypto world, most things that endure are those established before cryptocurrencies gained widespread attention. Bitcoin was born when no one cared, without venture capital or ICOs. Ethereum was born before the ICO craze, before people foresaw the future of smart contracts.

Most things born during a hype cycle die out as the cycle ends, while those born before the cycle are more likely to succeed. However, the reality is that very few people develop a narrative before it even begins due to a lack of funding, attention, and exit liquidity.

Why is this situation so difficult to change? Token-based incentives create liquidity exit opportunities. Founders and investors will do so as long as they can exit before the product matures.

Information and sentiment spread far faster than construction. By the time a project is completed, everyone knows the outcome. The entire value proposition of the crypto industry is evolving rapidly; to demand that crypto develop slowly is tantamount to demanding that it become something it was never meant to be.

This means that if you spend three years building a product, someone else can copy your idea and launch a product in three months with worse code and a better marketing strategy. Then they win.

Cryptocurrencies are difficult to build any long-term products because they are structurally at odds with long-term thinking.

You can be a principled founder who refuses to change course, remaining true to your original vision and spending years, not months, on development. But you’re more likely to go bankrupt, be forgotten, and ultimately be replaced by those who changed course three times during the time it took to release the first version of your product.

The market doesn’t reward completion, but rather the continuous creation of new things. Perhaps the true innovation in the crypto industry lies not in the technology itself, but in how to obtain the greatest value with the least investment.

Artikel ini bersumber dari internet: Why are products in the crypto space so likely to fail to launch?Recommended Articles

Related: “Painting the door” twice a day: In a hellish market, some people can still make $5 million Author | Dingdang ( @XiaMiPP ) We experienced two “Hua Men” market trends in one day. As professional trader Eugene said, the crypto market is at a hellish level of difficulty, and even excellent traders may not be able to escape the fate of being repeatedly “harvested”. Let’s first look at the market data. BTC surged to $114,000 before plummeting, currently trading at $108,260, a 24-hour drop of 1.85%. ETH plummeted from $4,110 to $3,850, a 2.73% drop. Sol (SOL) is currently trading at $186, down 0.98%. Binance (BNB) is trading at $1,062, down 3.13%. (If you ignore the process, the daily decline alone isn’t particularly impressive in recent times.) According to derivatives data, in the past 24 hours, the total amount of liquidation was US$772 million, of which US$298…

Analisis #Tetesan Udara ## bitcoin# kriptoDefinisi ## ethereumPasar ## Tanda# web3© 版权声明Array 上一篇 24-Hour Hot Cryptocurrencies and News | US Treasury Secretary Bessant: The Fed should cut interest rates if inflation fa 下一篇 $2.8 billion in net profit cannot mask the mNAV crisis: Strategy's battle to defend its Nasdaq 100 index. 相关文章 Reinventing RWA: A comprehensive analysis of BlueX 6086cf14eb90bc67ca4fc62b 24,585 PENGU performs a 10-fold miracle, and the fat penguin becomes the biggest winner of encrypted IP? 6086cf14eb90bc67ca4fc62b 22,663 1 From Algorithmic Stablecoin to Interest-Bearing Asset: USDD’s Upgrade Path 6086cf14eb90bc67ca4fc62b 19,564 It was immediately questioned after its listing. How far can the world’s first RWA stock go? 6086cf14eb90bc67ca4fc62b 19,325 Privacy Coin Revival: Black Mirror, Zcash, and the Unseen Freedom 6086cf14eb90bc67ca4fc62b 17,464 1 “Black Monday” Strikes Again, Is Trump Once Again the “Flash Crash Engine”? 6086cf14eb90bc67ca4fc62b 9,267 2 Tidak ada komentar Anda harus login untuk meninggalkan komentar! Segera masuk Tidak ada komentar... artikel Terbaru Did Jane Street “Manipulate” BTC? Decoding the AP System, Understanding the Power Struggle Behind ETF Creation and Redemption Pricing 21 jam yang lalu 652 Stop Comparing Bitcoin to Gold—It’s Now a High-Volatility Software Stock 21 jam yang lalu 705 Matrixport Research: $25 Billion Gamma Unwinding Imminent, Liquidity Yet to Return Behind the Rebound 21 jam yang lalu 655 ERC-5564: Ethereum’s Stealth Era Has Arrived, Receiving Addresses No Longer ‘Exposed’ 21 jam yang lalu 544 Hong Kong Regulatory Green Light: Asseto Enables DL Holdings to Achieve Compliance for Two RWA Business Implementations 21 jam yang lalu 621 Situs Web PopulerTempoLighterGAIBGliderPlanckRaylsBCPokerVooi Bee.com Portal Web3 terbesar di dunia Mitra KoinCarp binance KoinMarketCap KoinGecko hidup koin Armor Unduh Aplikasi Bee Network dan mulai perjalanan web3 Kertas putih Peran Pertanyaan Umum © 2021-2026. Semua Hak Cipta Dilindungi Undang-Undang. Kebijakan pribadi | Ketentuan Layanan Unduh Aplikasi Jaringan Lebah dan memulai perjalanan web3 Portal Web3 terbesar di dunia Mitra CoinCarp Binance CoinMarketCap CoinGecko Coinlive Armors Kertas putih Peran Pertanyaan Umum © 2021-2026. Semua Hak Cipta Dilindungi Undang-Undang. Kebijakan pribadi | Ketentuan Layanan Mencari MencariDi dalam SitusDi RantaiSosialBerita 热门推荐： Pemburu Airdrop Analisis data Selebriti Kripto Detektor Perangkap Bahasa Indonesia English 繁體中文 简体中文 日本語 Tiếng Việt العربية 한국어 हिन्दी اردو Русский Bahasa Indonesia

智能索引记录