PANews April 23 news, Liquid Capital founder Jack Yi (Yi Lihua) posted on platform X: “In the past, the wave of demise in crypto VC and projects had a core reason, which is that financing funds were essentially consumed in: maintaining teams to develop useless web3 products, among which the biggest misconception is benchmarking web2 products. Essentially, web3 is a financial industry that does not require the repeated development of web2 products. The most successful companies in the past crypto industry were all financial products, from stablecoins, exchanges to payment and other successful enterprises. Now the AI era has arrived, there is no need for large financing to recruit teams, and AI + finance is at a new opportunity. We believe that outstanding founders with a few elites can achieve top-tier companies, which is currently the biggest opportunity in primary investment.”

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