IOSG Founder Urges Chinese Crypto Pioneers to Build, Not Spe

The founder of IOSG Ventures has urged Chinese crypto pioneers to prioritize building sustainable ecosystems over speculative activities. Highlighting the challenges faced by Chinese crypto entrepreneurs, the founder noted that many teams raised significant funds in 2023 but now struggle to secure further investment, leading to market saturation and declining token values. This environment has driven many talented individuals to exit the industry.

In contrast, American crypto leaders have focused on ecosystem building and innovation, contributing to long-term industry growth. The founder emphasized the need for Chinese crypto leaders to support open-source development, organize community events, and invest in early-stage startups to foster a positive feedback ecosystem. This approach, the founder argues, is essential for ensuring the industry’s sustainability and preventing it from becoming a zero-sum game dominated by speculation.