How can the crypto retain long-term investors? This is a crucial question, and the answers will vary greatly depending on whether you're a builder, an investor, or a casual player. I believe 90% of Altcoin will disappear, but the moat of data and content won't vanish. In fact, the acceleration of AI might create new opportunities. Regarding data, teams like @SurfAI and @get_truenorth have been particularly impressive this year. I think they have the potential to compete with traditional industries in search engines—a sensitivity that only those in the crypto possess. As for content, the "staked media" mentioned by a16z might be starting to emerge. I think they're also looking for teams to implement it. If Web3 has no future, why is a16z so aggressively seeking exposure in the crypto? I'm quite curious myself. 😂 So while the crypto is currently resembling the Hunger Games or the Squid Game, and we don't know when PvP will gradually disappear, we still need to pay close attention to any major events happening on Web 2 and whether they will have any connection to Web 3. Furthermore, we must continue to hold fast to what we believe is valuable.