The Web3 Industry Enters a New Era of Enterprise

The Web3 industry is undergoing a profound transformation, shifting from an emphasis on idealism to pragmatism. This shift, centered on actual profitability and structured operations, marks the industry's entry into a mature stage.

Transformation from Concept to Practice

Early Web3 projects often gained recognition by relying on concepts such as "decentralization," attracting investment even in the absence of a clear profit model. However, recent developments indicate that the industry is transitioning towards a business-oriented model. Projects are beginning to build substantial profit models and accept evaluations based on business performance. Some projects have already generated considerable revenue and gained market recognition, with the Web3 industry shifting from concept-driven to actual outcome assessments.

Key Factors Driving Change

Three major factors have driven this transformation:

1. Deepening of market participants' awareness
2. The regulatory frameworks of various countries are gradually improving.
3. Traditional financial capital is accelerating its influx

These developments have established stricter industry standards. Although Web3 remains sensitive to strong narratives, relying solely on anticipated price increases is difficult to sustain, highlighting the limitations of narrative-driven models.

Regulatory frameworks demand higher standards of transparency and accountability. Projects must demonstrate real business structures and operational performance; mere vision is no longer sufficient. Traditional financial capital similarly evaluates using quantitative indicators such as profitability and growth rates, rather than short-term market reactions.

The Rise of Corporate Strategy

To adapt to the new environment, Web3 projects are adopting traditional corporate strategies:

1. Achieve vertical integration through mergers and acquisitions.
2. Integrating into the institutional system through IPO

Some projects integrate ecological functions through acquisitions, such as a trading platform acquiring an NFT market and portfolio services. These integrations reflect adjustments to the fundamental principles of Web3, as projects begin to prioritize market competitiveness and sustainability.

At the same time, companies are actively seeking IPOs and adopting traditional capital market norms. This helps to address regulatory uncertainty, gain the trust of institutional investors, and reach a broader market.

Looking to the Future

The Web3 industry has entered the era of enterprise, marking its transition from a technological experiment to a mature industry. This shift does not deviate from the original vision, but rather lays the foundation for long-term development. Projects need to establish sustainable business models and operational structures while maintaining an innovative spirit.

In the future, how Web3 companies will balance the理念 of decentralization with corporate operations, and how they will maintain technological advantages in competition, will be important challenges faced by the industry. As more traditional financial and tech giants enter this field, the landscape of the Web3 industry may undergo further changes.