IOSG Ventures Founder: The current crypto industry is overly focused on short-term meme effects, and excellent talents are flowing towards AI

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

Jocy emphasized that many entrepreneurs and developers aim not only for wealth but also to change the world through innovation. However, if an industry environment no longer pursues ideals and values, these people will gradually leave. He called on exchanges and investment institutions to encourage pragmatic innovation and focus on long-termism rather than speculative quick money in order to avoid a negative cycle within the entire industry. He believes that while creativity still exists in the crypto sector, there needs to be more responsible ecosystem support.