An overview of Alameda Research's investment landscape: public chain, DeFi, NFT and other fields are attacking from all sides

During 2020-2022, the blockchain industry has undergone extremely rapid changes. From 2019 to the beginning of the first half of 2020, there are almost no interesting first-level projects and new ideas, and Compound directly drives the Defi boom, which in turn drives DEX. NFT, Metaverse, GameFi and other hot spots and entrepreneurial climaxes.

But all walks of life follow the laws of nature, the law of harmony between yin and yang, and when there is a rising tide, there will be a low tide. In 2022, with GMT driving the last wave of X to Earn upsurge, the top 3 in the industry at that time, the "grand debut" of LUNA's collapse, It also directly cools down this overheated market like the arrival of the dark night of the moon. In addition, the Fed's interest rate hike strategy and the global supply imbalance caused by the conflict between Russia and Ukraine have caused great volatility and uncertainty in the market.

And Binance and FTT, two leading exchanges that seemed to be good brothers, suddenly broke up. Everything indirectly reminds us that we are in a period of extreme instability and coexistence of diversified factors. Black swans and white swans are even more indistinguishable from each other.

(11.9 Supplement: Less than a day after the draft was written, something we can all see happened, which is really surprising but seems to be in line with the trend. In order to keep the original, the content of the draft article will not be modified)

There are huge opportunities and uncertainties in the future. In order to better meet the new rhythm point, we may pay attention to the following 5 points:

1. The blockchain world will open up a larger ecology and exchanges, but not so much.

Judging from the historical trend, everything is moving toward unity after merger and elimination, and it is the same in the blockchain field. Now the ecology of the basic public chain platform with a hundred flowers blooming has gradually entered the fierce stage of competition. With the test of the bear market, the projects and exchanges we are familiar with must not only leave and be eliminated . Of course, the fierce competition is also the alchemy stone of high-quality ecology. Whoever can grasp the historical trend while stabilizing the internal situation will become the world leader in the next chain.

Therefore, it is necessary to do a good job of risk avoidance and allocation as soon as possible. Focus on projects with long-term value, and stay away from projects that are talked about and boasted too much.

2. Carry out rich exercises on the spiritual level as early as possible to welcome the alternative fantasy world brought by the metaverse and the virtual age, and effectively deal with deeper loneliness.

The continuous advancement of science and technology often brings more convenient living conditions and more loneliness in the spiritual world. Quick access to information and information, virtual cool special effects and the general trend of VR and AR can make us basically foresee the future trend towards the similar trend of "Ready Player One" and "Runaway Player".

According to the law of conservation of the universe, energy at the spiritual level must also be conserved. A simple example, when the technology was not developed when the post-80s and post-90s were young, the little friends who called you downstairs to play every day, and the post-00s and post-10s basically had the same childhood as pads. According to the situation. The communication of the latter is obviously more than that of online, and the former is more of face to face offline, and this sense of loneliness and distance will only increase. And many post-00s suffer from mental illnesses such as depression prematurely. The premature bombardment of technology and information is more likely to kill people's spirits before the value barriers and defense lines have been established. In the field of financial technology, which is full of luxury, this point is even more complicated. The temptation of an extra layer of Money will make its power magnify by at least 2.5 times.

Therefore, the early construction of the spiritual level can avoid the discomfort when the tide of the times comes as soon as possible. A small number of people who are eliminated are eliminated by competition, and most are eliminated by the times (you can start with some classic books)

3. Most projects that claim to be Tech DNA are not actually Tech; Blockchain will be everywhere

Real Tech projects can often survive the bear market. Because they only need a computer and shelter from the wind and rain, they can continue to develop, and they don't need to spend a lot of money to hire too many expensive technical personnel. (Refer to Airbnb’s early stage) This is very important for the early and mid-term development of a project, and whether engineers are suddenly faced with the temptation of huge financing, whether they can resist the temptation of more convenient blockchain technology is also a key point . Therefore, sometimes, projects under the guise of technology and slogans are often more deceptive than CX projects, because they will cause people to be CPU.

But one thing is certain is that blockchain technology will be ubiquitous in the next five years, and the most popular ones closest to our lives should be: NFT of historical relics, ticketing systems (such as the ticketing application of Ant Financial Services, World Cup ticketing application), authentication system (property certificate, academic certificate, birth certificate, etc.) Tokenization of companies, etc.), as well as countries' recognition of BTC as a currency other than assets.

Let yourself keep up with the rhythm of the general trend of the times as soon as possible, so that you can catch the last train more effectively. Because, branch development has already started.

4. Everyone knows hot water is hot, and they will quickly avoid it. But when faced with high temperature and hot spots, they often rush to them and forget the risks.

We often operate in reverse when we apply the same principles in other fields that are easy to understand in life. For example, the simplest way is to avoid hot water, because hot water has our physical nervous system as a mandatory protective stress response, and it can also avoid excessive injury. However, there are risky hotspots hidden in the market, and our spirit may be paralyzed under the temptation of interests, which eventually leads to a situation where we regret it.

Therefore, in the future virtual and technological era, there will be more sugar-coated bombardments, and it becomes a very important ability to keep one's judgment relatively objective. Let your skills take advantage of hot spots, and have a protection system to prevent yourself from being injured. In fact, a person who is very good at talking about hot spots has already taught us this. Every time, he could almost turn the hot spot up and retreat safely. The most obvious of these is NFT, GameFi’s early hype hotspot.

5. The value will not change the core essence due to the change of the times. But it tests the judgment ability of self-choice and the ability of self-knowledge even more.

With the development of technology in the times, there will be more and more you have me, and I have you. The business model that used to be very simple may become more complicated after the integration of blockchain and VR, AR and other technologies. whole body. But the essence of the core will not change, just like a normal man, no matter how fancy his clothes are, no matter how alluring his attire, his external physical structure is still male (except for surgery). However, the requirements for testing judgment and cognitive ability are higher, and while it is complicated, there are more opportunities. Because, for the same enterprise or project, more Hamlets may appear, and it is particularly important to constantly update your own learning library. At the same time, the influence of individuals on society will be further enhanced

summary:

2022 is a transitional year before the arrival of a new era. In the next 20-30 years, we will most likely enter a stage where more technological and human beings are separated from each other. In order to meet the future stage of technological explosion, at this stage, I personally think that the most critical point is the second point among the five points. The continuous progress of material and technology will most likely lead to spiritual regression, but fortunately, our cultural foundation is deep enough. It is enough to enrich our hearts and let us meet the new world more comprehensively.

Blockchain technology, no matter public chain, private chain, or alliance chain, is a general trend of technology popularization. It will not die due to some bad news, but it will not be overly god-made because of some CX. As an ordinary member, the best way is to keep learning to enrich yourself, keep calm at all times, and stay away from places where special strategies are complicated, crossed and confused.

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