Shen Nanpeng said that everything in cryptocurrency is an internal game or roll.

One side is real and the other is virtual reality, so you lose the opportunity side to side.

At the same time, on December 8 and 9, Sequoia India and the Sequoia authorities announced that they are to help people establish self-government organizations (DAOs) by updating their profile using various crypto terms. -cash. Sequoia India also referred to the global meta, which appears to have influenced Sequoia's desire to lead the revolution in the internet age and focus on cryptocurrency.

According to statistics from Tianyan Check, Sequoia China made 7 blockchain investments in 2021 alone.In an online screenshot, Shen Nanpeng himself, an international partner of Sequoia Capital and research and management partner of Sequoia Capital China Fund, also said that "everything is cryptocurrency" when it comes down to it. interviewed with the founder of Dragonfly Capital, Feng Bo. .

A few months ago, Facebook changed its name to Metaverse, and weekly real estate changes on Metaverse have raised over $ 100 million. Even Hisense has recorded a metaverse impact on the industry. . In this wave, you can see the meta-world moving. Blockchain-based cryptocurrencies appear to be an integral part of the meta world. The reason is that as a cryptocurrency technology company, blockchain technology is the cutting edge technology for the decentralized real-world meta-universe and Web 3.0. Sequoia's all-in, announced this time, is a bet on the transformation of the virtual world and shows that there is a lot of hope for the trip.

However, according to Gartner's Technology Maturity Curve, current metaverse technologies are at an overestimated stage in the near term. In the not-so-distant future, it will suffer from a downside flaw before it becomes a valid application and increases its costs. Sequoia China, unnecessary or expanding vaccines?

The Web 3.0 era, all about cryptocurrency

Sequoia is a strong supporter of Web 2.0 development. Sequoia started to rock when the concept of "the Internet" was unknown to most people. Invest in Apple in 1978, Cisco in 1980, Google in 1990., Paypal, Oracle and other Web 2.0 eras, that is, behind many of the giants we live in in the Internet age , is Sequoia.

Since entering China in 2005, Sequoia Capital China Fund (“Sequoia China”) has supported the development of more than 150 companies, including current internet companies such as Alibaba, JD. .com and Bytedance.

But besides the internet, Sequoia China's past investments also include new carriers like Cotton Era and Jiaran's Home, new auto companies like Weilai and Runaway Motors, and healthcare services like WuXi AppTec and Cstone Pharmaceuticals. pharmaceutical sector. As Sequoia Capital first reported on Twitter, "From idea to IPO and beyond, Sequoia has helped the brave grow the legendary business." And that doesn't limit the type of business.

Seeking opportunities and planning ahead is Sequoia's strength, but opportunities arise in every life. Sequoia has yet to mention where he wants to go all-in. Why should we get into crypto and cryptocurrencies?

In the age of Web 3.0, there is now no clear definition, but the basic premise is that the potential of Internet users will be further enhanced by AI, algorithms, virtual reality, etc. Technology can be better used. It's still part of the experience, even in the 3.0 era. A combination of self-recognition, data and authorization, privacy and censorship and commercialization is another hallmark of Web 3.0. The lowest of web3.0 and meta edge is blockchain.

In essence, cryptocurrency is just one of the applications of the blockchain, and to implement the concept of the metauniverse in the Web 3.0 era, which is also the effective arrival of the Web 3.0 era, the Major application of the chain will be a prerequisite. . .

Let's go back to the words of Sequoia. Sequoia India said “super programmers” in India and South Asia will help establish Autonomous Organizations (DAOs) that will help people enter the meta-world and beyond. Sequoia's official Twitter account is well-maintained regardless of the global meta, saying, "From ideas to token drops, it helps the brave create DAOs."

Sister tab,Whether it's crypto, DAO, or global meta, the last point really is Web 3.0. Sequoia China sees itself as important to the next generation of the Internet.

It's a choice, but not a help

Initially, investing in cryptocurrencies was a Sequoia option.

Taking China as an example, according to company statistics, Sequoia China started developing the cryptocurrency market in 2014. After Sequoia China first invested in Huobi, it used Bitmain, FTX and others. .

As of December 16, 2021, Sequoia China had a total of 7 blockchain-related investments this year (statistics from Tianyan Research) and a total of 24 investments (Market Research See Research) since its inception. Sequoia Capital (US), Sequoia China, and Sequoia India have reported over 30 blockchain-related investments (including investments) this year alone.

Unlike the first aggressive options, Sequoia decided to increase its investment in cryptocurrencies and add some negative points.

The development of Web 2.0 at home and abroad began to slow, especially in China, against the backdrop of antitrust and co-prosperity, the Internet business has entered a period of consolidation, and ensure high-speed growth is not important. First importance. After many years of development, even the structure of Web 2.0 is hard to break. Pinduoduo and ByteDance are the same giant that has grown rapidly in recent years.

The lack of good intentions has made the investment lines of business angels, VCs, PEs and other venture capital firms increasingly blurry and highly competitive. Combined with the PSPC mechanism of commodity trading in the United States, the company has more money. From a layman's perspective, the “volume” of investment and the benefits of a venture capital firm are offset.

Blockchain is still in its infancy and is one of the few endless ways, and the word that can inspire citizens and investors is metaverse. Cryptocurrencies, blockchains, and meta-universes create cryptocurrencies that will be used in the next phase to generate profitable results.

Sequoia is not the first to discover these rights. At the end of November this year, total global investments in the crypto and blockchain industry exceeded $ 27 billion, more than in any previous year, according to data from PitchBook. Many well-known companies have set aside funds for blockchain or cryptocurrencies, including browser developer Mosaic and developer of Netscape, and large companies such as venture capitalist Andreessen Horowitz like Mark Anderson (A16z) , plus crypto. $ 3 billion has been invested in the financial services sector.

For Sequoia, it would be too late to get into the game. Whether you do it fast or not, Sequoia may be the number one reason cryptocurrencies are being talked about everywhere.

In addition to the private sector in related activities, Sequoia China has become a good partner of Dragonfly Capital. Dragonfly Capital is a venture capital firm specializing in cryptocurrency. The profile's official website says, "Cryptocurrency was global early on, and so were we." Shen Nanpeng's "Total Crypto" also talks to Dragonfly founder Feng Bo Said.

However, Lu Jiu Financial has asked Sequoia China to confirm that Sequoia China's future investment remains in cryptocurrencies and meta-universe territory, and whether it has turned to Sequoia for its RIA support. The toughest VCs are now, more parties are pushing the investment space and Sequoia China is not responding.

do you really believe

According to research data, the rise in the prices of cryptocurrencies (cryptocurrency) has led to the sales of luxury goods in the United States going ahead of the spread.

Jefferies Group, an American conglomerate, says some young people have benefited greatly from investing in cryptocurrencies as the use of luxury has increased year on year. "The greatest wealth change in the history of the world." This exchange is intended not only for young people, but also for very grown-ups who have worked in the investment industry for many years.

Cryptocurrencies are already influential in the real world. According to NFT, the cost of drawing in the virtual world is higher than that of drawing in the real world. Rare materials such as soils are also the first to be overrated in the meta-world. Like green onions, they turn greener.

The world's most popular investment is building rockets and products to transform people and the real world, or building blockchains, virtual IPs, and digital people, and rebuilding the meta-world.Tesla's MUSK selects the past and FACEBOOK selects the last. This time, Sequoia confirmed to the outside world that she made the final choice.

In the future, people will have to think about many issues such as childbirth, old age, sickness and death for the global environment. The development of the virtual world is in phase with the development of the real world, and for this, it is necessary to invest heavily in research such as biopharmaceuticals, new energies, life sciences, and interstellar exploration. Since the virtual future is not yet created, there is a lot of room for the imagination. However, in the present tense, whether virtual or meta-global, even if the meta-world is real, biological ontology must always exist.

The virtual world can create the soul, but not the human body. as the transmission continues. So with reality on one side and virtual reality on the other, everything counts on the other side, so there's a very good chance that you will miss the moment on the other side.

In fact, can Sequoia's investments achieve “like being excluded from the real world” in the future before engaging in various real world economics and biomedical sciences? Of course not. Sequoia is only heavier than its capital in cryptocurrencies, or it simply refers to "future projects". It is likely that Sequoia will not be the only one to choose to bet in the virtual world. You can declare that you are the “insider” of the global blockchain industry, and you will be worth nothing. Refueling doesn't mean letting someone else go, it will make you more anxious.

In fact, this is not the first time that all digital assets have been in demand in global investments. Responding to Sequoia's recent remarks, a business executive said that the current acquisition of Sequoia predicts everything for its future. However, when cryptocurrencies swept across China in 2018, Xu Xiaoping, Cai Wensheng, and other investment leaders shouted at everyone in cryptocurrency or virtual assets. Depending on how many years many entrepreneurs and small businesses lived .. Ground chicken wings.

So boss believe it or not it's up to you ~