Cryptocurrency Industry Background and Challenges

Looking back at the development of the cryptocurrency industry, it is evident that from the birth of Bitcoin to the popularity of DeFi and NFTs, and the rise of the Web3 concept, the entire industry has rapidly evolved under the impetus of financial capital, showing a fervent momentum. Bitcoin's inception carried a subversive mission, attempting to provide an alternative wealth appreciation channel for those who cannot access traditional financial services through a decentralized and fair approach. This "decentralized" concept has become the genetic code of the cryptocurrency industry. However, with the large-scale intervention of capital, the industry began to deviate from its original path, with emerging projects springing up but often accompanied by speculative capital hype, leading to projects falling into the dilemma of "low circulation and high valuation," making it difficult to gain widespread recognition. At the same time, the industry has also shown a "hollowing out" phenomenon, with project parties focusing solely on TGE and listing, neglecting continuous product iteration and exploration of business models.

Against this backdrop, the 2024 Meme craze reflected the market's desire for "fairness," but the fundamentalist Meme projects have not been able to solve the fundamental problems of the industry's development. They often lack a healthy business model and long-term planning, making them susceptible to market manipulation or rapid decline. At this critical juncture, MomoAI has chosen to commit to establishing a new order of fairness and justice in Web3. With the Momo game at its core, MomoAI is building a vibrant game matrix, exploring sustainable business models based on a large user base, and actively empowering the ecosystem to promote the prosperity of the Web3 gaming industry. This is not only a strategic upgrade for MomoAI but also a Web3 social experiment based on the community, aiming to set a new product paradigm for the cryptocurrency industry through a series of innovative actions, including commercialization and distribution business.