Founder of IOSG Ventures: The current crypto industry is overly focused on short-term meme effects, and top talent is shifting towards AI

ChainCatcher news, IOSG Ventures founder Jocy Lin stated that recently, core developers of portfolio projects have left the crypto industry to venture into AI entrepreneurship. He pointed out that the current crypto industry is overly focused on short-term meme effects, neglecting the creation of long-term value, which may lead to more talented individuals moving to the AI field. Once these individuals shine in the AI industry, it will be difficult for them to return to the crypto space.

Jocy emphasized that many entrepreneurs and developers aim not only for wealth but also to change the world through innovation. However, if the industry environment no longer pursues ideals and values, these individuals will gradually leave. He called on exchanges and investment institutions to encourage pragmatic innovation and focus on long-termism rather than speculative quick money, to avoid the entire industry falling into a negative cycle. He believes that the crypto industry still possesses creativity but requires more responsible ecological support.