SevenX Ventures founding partner: The only DePIN project invested in is io.net, and many RWA and DePIN projects have not yet met the standards

ChainCatcher news, Li Rongbin, founding partner of SevenX Ventures, expressed during the "User-Centric: Exploring New Opportunities for Web3 Applications" Space hosted by RootData that he is not very optimistic about the prospects of the integration of blockchain projects with the real world. He pointed out that many RWA and DePIN projects have not yet reached an ideal state.

He believes that in the next three to five years, the entire industry will continue to develop in parallel with the traditional world, and the intersection between the two will not be easy to achieve. Excessive overlap may lead to regulatory intervention, which could trigger centralized control, whether from the government or other regulations. This situation contradicts the original decentralized philosophy of the blockchain industry.

Li Rongbin stated: "The only DePIN project we are currently investing in is io.net, which we view as a bilateral market project. Blockchain technology still has the potential to solve the problem of matching supply and demand, thereby addressing the challenges of incentive issues. io.net exists to solve the incentive problem."