In just one day, I have seen many former employees of CZ come out publicly to support Binance. Some are now working in marketing and Kol agency XDO, some are former interns of CZ, and some are former employees of YZi Labs working on the Bitway project. These people did not make an appointment with each other, but they almost stood up at the same time. On the contrary, it is difficult to see any former employees coming out to support their neighbors. This comparison actually illustrates many problems Let me show you a list of @ RootDataCrypto. Currently, among the top 20 VC firms with investment projects in the crypto field, only four or five are truly led by Chinese investors, and YZi Labs ranks third on this list. One of the most direct reasons why so many VCs have been unable to continue in recent years is that they are not making money. I also talked to Brother Sun about this issue yesterday. He recently invested heavily in River, Bitway, and Lit, clearly not for short-term returns, but more to continue pushing this industry forward I also asked @ yzilabs why they continue to invest since the investment return is not ideal. They manage a fund size of over 15 billion US dollars and are also investing in multiple fields such as biomedicine and AI. They are straightforward in saying that investing in crypto is not solely for financial returns, but for building industries and supplementing infrastructure, which is a long-term choice Bitway's founder ShaneQiu is a typical example, who has received investments from both YZi Labs and Sun Ge, and is now doing on chain balances on BSC. When he mentioned the incubation camp, I agree with one thing he said. This kind of training camp is essentially a laborious and thankless thing. In the West, a16z is doing it, while in the East, YZi Labs is basically sticking to it, because this itself is like finding a needle in a haystack. Perhaps among 100 people with ideas, it is already considered a lot if 5 of them can actually run out in the end But it is precisely because it is difficult and uncertain that it is more valuable. Nowadays, many exchanges are already very cautious about investing in projects, and YZi Labs is still continuing to do training camps and incubation, essentially drawing its own card in the constant pivot, waiting for the next truly market recognized phenomenal product EASYResidence is a global incubation program that currently has over 30 projects entering the training camp for learning. Each project can receive up to $500000 in sponsorship support. In the new season of S3, nearly 400 projects have applied to join the camp, with 4 to 6 sessions held each year, and about 40 to 100 projects participating. This is a very rare learning opportunity for founders, and they can also have face-to-face exchanges and entrepreneurship with @ cz-binance and @ heyibintance. @ ellazhang516 is responsible for the incubation camp, and this kind of investment and patience are actually rare in the current industry environment