2026-01-11 15:33:52

A certain celebrity app was valued at 10 million and raised funds for a 10% stake, but this money may not have bought product strength—rather, traffic and user base. Competitors with more comprehensive features are valued at only a few million in funding, yet they still thrive. The key issue is that some developers in the industry can easily create customized free versions using open-source solutions. In such cases, the only truly valuable assets are user retention and ecosystem stickiness. From another perspective, this precisely illustrates the brutal reality of Web3 product competition: without a moat, feature innovation has extremely limited premium potential.

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TerraNeverForget

· 01-13 20:12

Oh no, it's the same old story. Traffic is valuable, but the product isn't worth much, just sitting here. Open source and a quick flip, a million-dollar valuation and living the good life—now that's a real winner.

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PretendingSerious

· 01-12 09:15

It's another story about fundraising; all the skills are in the PR articles.

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MetaMaskVictim

· 01-11 23:14

It's just spending money to buy traffic, and the features aren't really unique. --- Open-source solutions can be copied, so why are they worth ten million? It's ridiculous. --- This is the current state of Web3—without real barriers, it's all just bubbles. --- Getting a million in funding feels great, but a ten million raise makes you nervous? That's a bit ironic. --- To put it simply, user stickiness is the key; features are not really valuable. --- No moat, no matter how much you talk about it, it's useless. This time, we've seen through it.

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WinterWarmthCat

· 01-11 16:03

10 million just to buy a traffic disk, really can't hold on --- Open source solutions anyone can exploit, but the key still depends on retention --- These days, no moat means waiting to die --- Million-dollar funding, is life better? Then why still raise 10 million --- Web3 is like this, with too much product homogenization --- Feels like just giving users a premium, product strength is just okay --- Open source and free, how can it compare to others with ten times the funding --- Competitors have more complete features and are cheaper, this funding price is a bit outrageous --- Ecosystem stickiness > product innovation, is this the fate of Web3

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DarkPoolWatcher

· 01-11 16:01

It's just overvaluation, pouring 10 million into a name that doesn't hold real value. Open-source solutions can be used freely, and products with similar features can achieve million-dollar valuations and still thrive. What does that mean? It shows that this money isn't being spent on the product. Web3 is like this—without a real moat, everything boils down to user retention, and the rest is just bubbles. It seems that the projects with the most funding are actually the most dangerous. Once user loss occurs, it's game over.

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BakedCatFanboy