Bear Market Survival Guide: VC Perspective panel Barcelona was directed by ETH node Founder of Capital Amos Meiri.. Cerulean Ventures Contributor Jahed Momand, Flori Ventures Contributor Maria Alegre, IOSG Ventures Partner Queeny WooAnd NOIA Capital contributors Muhammed Yesilhark Attend as a guest to share tips for surviving the bear market.
Participants will discuss what the bear market means for emerging crypto projects, the importance of providing true value, and what the “next big thing” is at the end of the current bear cycle. talked.
Bear market
All participants agreed that the cycle was an imminent part of the nature of cryptography. Yesilhark suggested looking at past snapshots of the crypto market to see the cycle. He emphasized that neither of these cycles erased the cipher, and now it does.
Yesilhark summarized what all participants insisted and said.
“Look carefully at your portfolio and make sure that what you’re holding is actually there in the next cycle. Yes, there’s another cycle, so yes, basically up and down, but together. It’s not the same thing to go up and down. “
Meanwhile, Wu also mentioned the benefits of venture capital (VC) bear markets. She said the market is much slower than the bullish market, so VCs have more time to meet with the project team and discuss business models, technology stacks, and market strategies in more detail. .. She said the process strengthened the bond between the project team and the VC, revealing healthier communication and longer relationships.
“Providing true value”
Next, participants talked about suggestions for start-ups looking to invest in the current bear market.
Recently, Blockworks co-founder Jason Yanowitz identified the bear market cycle stage, saying that the current “dead” stage is really frustrating for everyone in crypto space. Alegre also said start-ups feel that the current market isn’t helping them against a bull market where it’s much easier to launch a new project.
Momand said projects that provide valuable solutions could emerge despite the bear market with the necessary funding. The project should plan a long-term expansion of the funding round as it will take a little longer than setting up a bull market.
He said:
“Hopium will be much less [funding] It’s there for some projects. Therefore, rather than providing inflation tokens that guarantee returns to investors, we need to take a little more seriously about the actual problems that blockchain is actually solving. “
Meanwhile, Mr. Wu said it may be difficult to raise funds for long-term projects. However, based on her experience, the bear market has not affected new projects to solve real problems.
Next big thing
Panel facilitator Meili pointed out that new areas have emerged as new trends at the turn of the bear market and asked the following question: For example, NFTs and 2nd generation DeFi appeared at the end of the last Bull Run. In 2016, the popularity of private blockchain surged. So the question was what the participants expected to surge at the turn of the current bear market.
Climate and loan
According to Alegre, Flori Ventures has recently seen many innovative projects on climate-related topics and projects on unsecured credit.
Decentralization
Focusing on the current state of the bear market, Momand said no one was truly decentralized, despite a 80% decline. He argued that this highlighted the importance of complete decentralization and suggested that the traditional financial industry should also take hints.
Yesilhark also agreed with Momand and said he would like to see a “real tokenized world” where all traditional assets are tokenized and traded with each other on a decentralized platform.
Meiri concludes the subject by agreeing with both Momand and Yesilhark. He added that he believes the NFT will catch the second wave upwards.
Other opinions
Recently, there have been other predictions about the following big things:
Mina Foundation’s recent report on zero-knowledge proofs (ZKPs) suggests that they play an important role in the crypto industry. The numbers show that almost all participants (90.1%) find cryptocurrencies using ZKP more attractive.
Meanwhile, Tascha from Tascha Labs recently posted a thread explaining the potential of utility tokens in traditional business. She claimed that companies eventually began incorporating utility tokens to boost their business. This can help utility tokens surge in the next Bull Run.
