Wang Feng: Web3 entrepreneurs need to awaken from being solely driven by product pain points, Element is launching the equity NFT Pass card

ChainCatcher news, at the opening forum of Foresight 2023 Hong Kong Summit, Element founder Wang Feng pointed out that the product pain point-driven approach that Web2 entrepreneurs excel at may not be entirely applicable to Web3. Web3 entrepreneurs need to find a unique narrative logic; additionally, Web3 entrepreneurs not only need Web2's products, design, and operations but also need to build a unique economy, shifting from traffic thinking to liquidity thinking by leveraging unique assets and incentive models.

He disclosed that Element will launch 20,000 Element Pass Standards (EPS) on April 14, and users can receive benefit packages by holding EPS, which include governance, economic, and product privileges.