Odaily Planet Daily reports that Dragonfly Managing Partner Haseeb responded on the X platform to a16z partner Chris Dixon, stating: Most non-financial crypto use cases have not been validated by market demand and are not affected by regulation or industry scandals. If regulation and scams are the factors hindering large-scale development of the crypto industry, then financial crypto use cases under stronger regulatory pressure and more frequent scams should also fail. But the opposite is true. Currently, almost all large-scale crypto applications have financial attributes, including Bitcoin, stablecoins, programmable currencies, DeFi, prediction markets, NFTs, and RWA. In the past, significant capital and talent have explored Web3 consumer scenarios, but market demand has not materialized. In fact, the crypto industry does not need to rely on narratives like “it will definitely revolutionize gaming and media” — just the innovation potential in finance is enough to support long-term industry growth.
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