JiaYi

In 2026, a16z began systematically training founders in content dissemination. Customer acquisition costs spiraled out of control, AI accelerated product homogenization, and consumers demanded a "human touch"—these three lines converge on the same conclusion: founder IP is the most efficient growth lever in the AI era and also the hardest barrier to replicate.

The necessity of financing after the AI explosion is collapsing, and growth has become a matter of life and death for all projects. I have shut down the market company XDO and officially launched Y Strategy—a co-founding team that helps projects identify growth bottlenecks.

With the development of AI technology, the technical threshold for Web3 products has relatively decreased, making the competition for attention and liquidity in marketing even more intense. However, market capability has always been an important aspect that most project teams tend to underestimate. Based on this, XDO attempts to launch this "Web3 Market Annual White Paper," aiming to report market experiences as much as possible: deconstructing and sharing excellent marketing design ideas, hoping to assist entrepreneurs and the market in the industry.

The future will still experience repeated fluctuations, but cognition will never decline.

The United States is doing one thing: incorporating Crypto into the dollar system as the next phase of financial growth engine.

When you leave a clear and unique label in the minds of users, you qualify to tell stories, set prices, and exist in the long term.

The tokenization of US stocks has brought higher quality assets, but it will also subtly rewrite the structure of on-chain capital flow.