Haonan is right. He coined this term 'research fetish' during our viral devconnect series and I feel like its so accurate in describing what has been plaguing the Ethereum & broader crypto community for the last few years. An obessive desire to research new technology that no one asked for, pour 9-figs of VC dollars into it, all for it to launch with no real PMF and lack of real usecase. This is rapidly changing as more cutthroat founders enter our space from legacy finance & fintech realms who want to generate meaningful cash-flows first. Also, Hyperliquid.
haonan
@haonan
research fetish is the biggest disease in crypto
PhD founders raising $10M+ just to do research no one asked for and never ship actual products
you can have all the TPS in the world, but if the customer doesn't give a fuck, you don't have a product
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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