The hype around Web3 seems to be booming, but I always feel it's just a false proposition. The ultimate goal of the internet is to bridge the gap between the real and digital worlds, bringing about real tangible benefits. However, I do not believe that decentralized backend technology is the solution.

What truly resonates with users is the frontend experience, not the technical complexity of the backend. Instead of blindly praising Web3.0, it's better to call it Securities 2.0.

From a longer-term perspective, a market strategy like Pinduoduo's, which targets lower-tier markets, is more likely to succeed in practical operations—it's much more reliable than merely talking about revolution.