Author: Zen, PANews
During the golden age of internet development in China, Kuangbo was a legend in the hearts of many. This video player once accounted for 80% of the domestic video traffic, serving over 500 million users. The creator of Kuangbo—Wang Xin—has also experienced the ups and downs of life, from peak to valley.
After regaining his freedom, Wang Xin returned to the public eye with a completely new attitude. However, his 'second spring' of entrepreneurship was not smooth; as the hype around new products faded, Wang Xin, now in his second entrepreneurial phase, gradually 'retreated' and remained silent for a long time.
By early 2025, Wang Xin rekindled his entrepreneurial passion, announcing his full commitment to Web3 and focusing on the intersection of AI Agents and crypto economy. He also proposed the concept of 'technological fairness' and regards it as the core value for the next phase of entrepreneurship.
In a recent interview with PANews, Wang Xin candidly shared his reflections on the past, his dedication to fair technology, and his belief in restarting amidst the Web3 wave.
Passed the gates of the blockchain industry without entering.
In 2011, Wang Xin first encountered Bitcoin. Out of curiosity about decentralized currency, he read Bitcoin's source code and mined some coins. However, as he was focused on Kuangbo's business at the time, he did not invest too much energy into it and did not spend much time studying it. At that time, BTC appeared to him more like a geek's experimental product: volatile, with an unclear future.
'Now the mindset towards Bitcoin is completely different.' More than a decade has passed, and Wang Xin's view on Bitcoin has undergone a complete transformation. On one hand, he genuinely admires the technical innovation behind Bitcoin's blockchain technology; on the other hand, Bitcoin has grown from being little known to becoming a mainstream asset on par with gold. Wang Xin stated that the community-driven and decentralized architecture has established global trust, overturning his initial doubts and providing him with many insights.
Compared to the current cooling period of the Web3 industry, 2018 was undoubtedly a booming year for most practitioners and investors. Many internet entrepreneurs went all-in after the founder of ZhenFund, Xu Xiaoping, called out 'embrace blockchain'. In February of that year, Wang Xin regained his freedom and 're-emerged' in a high-profile manner during a gathering with Xiaopeng Motors founder He Xiaopeng, 58.com CEO Yao Jinbo, and Huanyu Times CEO Li Xueling, among others. He Xiaopeng stated on social media that Wang Xin was healthy and had a mindset in line with theirs, and they discussed the development of AI, video, and blockchain technology. At that time, there were many rumors that Wang Xin was going to enter the blockchain industry.
On the left is Xiaopeng, and on the right is Yao Jinbo.
However, Wang Xin ultimately chose to establish Cloud Song Artificial Intelligence in Shenzhen, engaging in the social and AI sectors, and successively launched 'Toilet' and 'Lingge AI'. Due to his previous experience, Wang Xin stated that he could not lead the team into policy risks. 'At that time, going all-in on blockchain might have touched a red line,' Wang Xin admitted.
Around 2018, although the ICO craze had not yet cooled down, regulatory policies were highly uncertain, and the domestic blockchain entrepreneurial environment tightened suddenly. As a responsible entrepreneur towards the team and the company, after the incident with Kuang, Wang Xin once demanded the company to dismiss employees so they could apply for labor arbitration and receive compensation. Therefore, during his second entrepreneurial attempt, he was unwilling to let the team bear any risks. However, within the company, a small team continued to monitor the blockchain industry and maintained their study and research on the technology.
After years of 'disappearance' and reflection, he entered the Web3 space.
After launching the social application 'Toilet' and the flexible employment recruitment product 'Lingge AI', Wang Xin faded from the public eye for three to four years. Regarding this 'disappearance', Wang Xin stated that it was intentional on his part and also a result of the environment.
'Lingge AI' and 'Toilet' gained attention initially due to Wang Xin's 'star entrepreneur' aura, but subsequently did not create much impact. Both products did not meet expectations, with the 'Toilet' project even being halted before its launch. This experience of ups and downs made him realize the necessity for calm reflection. Wang Xin stated, 'This kind of adjustment is quite important for me as a serial entrepreneur. I have had brilliance and low periods, and what is actually needed is a stronger inner self and clearer goals. By refining myself, I believe I can go further.'
In 2019, during an interview with (The Beijing News), Wang Xin stated, 'I'm not a very good investor, but I will be a good entrepreneur.' However, during the years of reflection, he has actually invested in many projects, mainly concentrated in the hardware and AI fields, such as the flying car company 'Xiaopeng Huitian', rumored to be considering an IPO, and a lidar company that occupies a significant share of the global market. Wang Xin said that he did not intend to be an investor but responded to friends' invitations to provide some guidance and support, and as he learned more, he got involved in investing. He also revealed that he has not yet invested in any Web3 projects.
Although he has not formally entered the industry, Wang Xin has always been deeply connected to the blockchain sector. Kuangbo's P2P technology allowed all users to publish shared files, making it difficult to be controlled by a central system; its philosophy bears a striking resemblance to that of blockchain networks. Additionally, Kuangbo previously launched a traffic mining project aimed at gathering idle bandwidth and CPU resources from personal devices, home broadband, and enterprise nodes, optimizing real-time deployment through cloud computing, essentially utilizing a shared economy model for CDN (Content Delivery Network). To some extent, this can be seen as a precursor to today's DePIN.
With the rapid development of the AI industry, the popularity of large models such as ChatGPT, and the gradual clarification of Web3 policies in countries and regions like Singapore and Hong Kong, Wang Xin realized that these two technologies, which significantly enhance productivity and improve production relations, can be integrated. This entry point also became his 'entry point' into the Web3 industry.
Focusing on Web3 + AI agent
Looking at the entire AI industry, 'Web3 + AI' is currently still a very niche track, with even many star 'Web3 + AI' projects criticized for being 'shoddy'. In fact, Wang Xin's time and understanding in the AI field may exceed that of most current Web3 practitioners.
Based on personal entrepreneurial and investment experiences, Wang Xin stated that if small companies and teams were to create a general AI platform, the cost pressure would be immense. Computing power expenses often account for 80-90% of the budget, making it difficult for entrepreneurs to sustain. He believes that instead of creating a general platform, it would be better to focus on vertical scenarios, build 'small and beautiful' landing products, or take a different approach by combining AI with Web3 to explore new business models.
'AI is very centralized, including large models which are super centralized, and it has little to do with Web3. At this point, we began to think, which part of AI relates to the individual? That is the AI agent,' Wang Xin said.
AI Agents are essentially orchestrated automated workflows that require human involvement for tuning and decision-making. The choices that individuals make regarding outcomes effectively participate in 'training' the Agent. Wang Xin stated that when a community or KOL repeatedly optimizes the same type of task, they possess the core value of this Agent. At this point, ownership and profit distribution of the Agent should rightfully belong to these contributors themselves. With the public key/private key system of Web3, each Agent can have a unique on-chain identity, and smart contracts can record every contribution and corresponding benefit in real-time, ensuring that 'data contributors' truly become 'value recipients.'
Furthermore, Wang Xin believes that the two core aspects of Web3 are asset issuance and asset transfer; the former's threshold is getting lower, and the latter's infrastructure is becoming increasingly complete. The real challenge lies in how to ensure that issued assets appreciate continuously and how participants, operating teams, and ordinary users can each receive their fair share within the ecosystem. He pointed out that the solutions lie both in enhancing product capabilities and in effectively utilizing Web3's restructuring of production relationships, which contains a wealth of potential innovations. For example, addressing Web3's high learning costs, private key management, and gas fee settings can prevent the majority of internet users from being alienated. Only when on-chain experiences are sufficiently close to people's daily operations can new professions, new communities, and new entrepreneurial opportunities emerge.
'Hidden' gaming giants view on chain games?
Apart from the video player, Kuangbo's gaming platform 'Fast Play Game Box' was once an important source of revenue for the company. This platform, which integrated a massive number of games, opened the door to the world of single-player games for countless players, and at its peak, it even rivaled Steam's Chinese region, with monthly active users exceeding one million, surpassing most blockchain game projects. However, in the Web3 space, the gaming track that was once highly anticipated is currently in a prolonged downturn.
'Playability and decentralization are hard to achieve simultaneously.' When asked if he is optimistic about the prospects of Web3 games, Wang Xin admitted that truly enjoyable games do not necessarily rely on Web3 to exist. In reality, whether it is a blockbuster game or classic web games and single-player games from the past, players chase immersion and fun, not the underlying technological implementation. When developers blindly treat blockchain as a 'funding tool' or 'token issuance channel' layered onto games, it often detracts from playability. Players need to learn private keys, worry about transaction fees, and asset security, which completely deviates from the original intention that 'games should make people happy.'
'If a new game carries both innovative gameplay and a Web3 model, the chances of success are extremely low.' Wang Xin pointed out that the core of games has always been content. Regardless of how technology iterates, players pursue storyline, graphics, control, and social experience. The correct approach should be to start from 'a certain link'. For example, utilizing low-cost on-chain payments to replace traditional credit card and App Store revenue sharing can save 3-10% in fees, alleviating the pressure on game manufacturers for customer acquisition and monetization. In addition, during the cross-border distribution process, players can complete recharge, profit sharing, and withdrawal using stablecoins or multi-chain wallets, allowing developers to reduce costs without expensive advertising.
When the payment and profit-sharing process is smoothly and 'unconsciously' integrated into the game, players enjoy a traditional gaming experience while inadvertently using Web3 infrastructure. Meanwhile, developers will reduce intermediary profit-sharing, and with greater revenue, they can continue to provide better products. 'So how to ensure they have profits, I think this needs to be achieved through changes in the production relationships of Web3.'
Why support the Meme coin Fair3?
After entering the Web3 industry, Wang Xin's identity seems no longer to be that of a serial entrepreneur, but rather a supporter and evangelist. He frequently shares his views on artificial intelligence and blockchain technology on social media, sometimes directly mentioning Fair3, which he supports. According to Wang Xin, it is not a traditional 'project', but an ecosystem centered around the core concept of 'technological fairness'.
Wang Xin stated that Fair3 originated from a purely Meme coin, and after a core team (CTO team) took over, they began to think about a more profound vision: not just the cultural attributes of the community, but to build a truly decentralized ecosystem where every individual benefits from participation. Fair3 aims to harness the power of Web3 to challenge the various inequalities caused by centralized algorithms and platform monopolies in the traditional internet, transforming the culture of 'grains of sand forming a tower' into tangible ecological value.
'Every transformation of production relations in history has solved the core issues of that time; agriculture solved food, and industry solved capital,' Wang Xin further stated. In today's 'knowledge stage' and 'attention stage', the monopoly of data and algorithms has led to the exploitation of ordinary users and content creators. Mainstream platforms charge high commissions from creators, e-commerce customer acquisition costs reach up to 30-40%, and content distribution fees can even reach 90%, all of which are unfair practices. What Fair3 aims to do is to gather the 'grains of sand' of countless small individuals, manifesting unfairness through community cohesion and voice, and leveraging decentralized technology to achieve the transformation from cultural construction to ecological implementation.
For instance, the CTO team has already organized several small-scale Meme culture creation and sharing activities, and community members independently recorded 'unfair stories', documenting personal experiences and providing mutual support. Recently, the community also launched the 'Delivery Fairness' initiative, encouraging members to support JD Delivery and rewarding participants with token airdrops, revealing and correcting unfairness in platform subsidies and profit-sharing through actual consumption behavior, and so on.
Wang Xin revealed that the current scale of the Fair overseas community has reached 20,000 to 30,000 people. As ecological construction progresses, Fair3 plans to introduce more open-source projects and tools, including investment analysis, airdrop information push, and consumer matchmaking platforms, to provide real value for token holders and consumers.
What is technological fairness?
In the interview, Wang Xin repeatedly mentioned 'technological fairness'. He also shared with us the detailed connotation of this concept: to truly achieve technological fairness, three elements must be satisfied simultaneously: algorithm transparency, data ownership by individuals, and ongoing profitability for individuals.
Algorithm transparency means that all core algorithms must be open-source and auditable, with no 'black box' operations. Only when participants can clearly see the algorithmic logic can they maintain trust in its results; once algorithms are opaque, widespread skepticism and resistance will arise. Wang Xin stated, 'All our projects will adhere to algorithm openness to ensure that all users have equal rights to know the system rules.'
In large model training and various digital services, massive amounts of personal data are often harvested by platforms without compensation, used for commercial monetization, while original creators and ordinary users find it difficult to gain any benefits or rights. Technological fairness demands that every piece of data should be owned and used by its creator, with clear proof of rights on the chain. Only in this way can individuals truly become 'masters' in the digital economy, avoiding situations where they contribute value without receiving compensation.
Wang Xin believes that individuals should not only be able to participate in technological construction and data provision but also continuously earn economic returns through their contributions and consumption behaviors. He cited his friend Li Xueling as an example—after receiving a weight-loss injection, Li shared his experience in a community and purchased stocks from the biotech company; when more people benefited from his recommendation and further invested, both the original recommender and the audience received dual returns from 'consumption + investment'.
He also pointed out that traditional delivery workers, while working hard, lack a sustainable profit mechanism; once they stop working, they have no income or security. In a decentralized token economy, early builders and active consumers can continuously share in the platform's growth dividends through holding tokens and promotion.
Kuangbo can only represent the past.
After Wang Xin was imprisoned, 'owes Kuangbo and General Wang a membership' became a popular meme in Chinese internet culture. To some extent, this joke also reflects support, gratitude, and emotional identification with him. Based on this mass base, Wang Xin seems to have the conditions to issue personal tokens to 'collect' membership fees.
'This is a meme,' Wang Xin responded with a smile. When Kuangbo was forced to shut down years ago, it was the voices of users, like 'grains of sand forming a tower', that helped him through difficult times, so he is deeply grateful for this friendship. However, he clearly stated that tokenizing this feeling poses a risk of 'overdrawing fans' for him, which neither aligns with his pursuit of technological fairness nor risks capitalizing on the emotional capital of supporters, thus he 'absolutely will not issue personal tokens.'
Furthermore, he believes that Kuangbo can only represent the past, while quality memes (like cats and dogs) can transcend time and space, representing cultural symbols of the future. The 'pastness' of Kuangbo means it is not a good meme and therefore is not suitable for tokenization.
Regarding external doubts about him promoting Fair3 for personal gain and exploiting others, Wang Xin candidly admitted that he had also considered 'taking a step back' for fear of getting into trouble. However, the support from the community strengthened his resolve, as many believe he is not here to 'exploit others', and making quick money is not his goal.
He revealed that Binance co-founder He Yi had privately messaged him, advising, 'Issuing tokens is like issuing debt.' Once a token is issued or supported, one must bear the responsibility and debt to the community. He sees himself as owing a 'debt of technological fairness' and must continuously voice for the community and build the ecosystem, rather than seeking one-time profits. Price fluctuations are inevitable, and freedom of speech allows for questioning, but the key is to persist in doing well by the product and community, enabling holders to truly benefit through continuous feedback, thereby achieving sustainable ecological development.
Wang Xin further stated that he and his team, as well as his fund, are striving to improve products and business models, hoping that early participants can continue to receive returns. He likened the platform to a live-streaming ecosystem, where everyone has the potential to create value.
He also shared his experience of evangelizing Web3 to his family, saying, 'I am also building a Web3 foundation for my family.' Wang Xin stated that he has introduced his wife and children to Web3, such as having wallets and trading meme coins, even making some small profits in 'PVP'. He encourages his high school daughter to think about the needs of her peers, such as game boosting and blind box exchanges, and these could potentially foster a small-scale community economy through simple tools and token designs.
'I think future opportunities lie in AI and Web3. If she starts getting involved now, that would be particularly good,' Wang Xin added.
