創投 Dragonfly 的管理合夥人揭示了加密貨幣創投的演變

The Scoop 第 16 集由 Dragonfly 的執行合夥人 Haseb Qureshi 主持，他討論了過去五年加密貨幣風險投資的演變。庫雷希強調從空投到「積分」的轉變是激勵使用者行為的更有效機制。他也回顧了 Dragonfly 的早期、第一層協議的出現以及區塊鏈技術的未來。

The Evolving Landscape of Cryptocurrency Venture Capital: Insights from Dragonfly's Managing Partner

加密貨幣創投不斷變化的格局：來自 Dragonfly 管理合夥人的見解

Episode 16 of Season 6 of The Scoop, a renowned podcast covering the latest developments in the cryptocurrency industry, features an exclusive interview with Haseeb Qureshi, Managing Partner at Dragonfly, a prominent crypto-focused venture capital firm.

涵蓋加密貨幣行業最新發展的著名播客 The Scoop 第 6 季第 16 集特別採訪了著名的加密貨幣風險投資公司 Dragonfly 的管理合夥人 Haseeb Qureshi。

Qureshi, who has been at the forefront of crypto VC for the past five years, provides an insightful perspective on the significant changes that have reshaped the industry during that period. He emphasizes the shift from a predominantly retail-driven market to one characterized by institutional participation and increased sophistication among investors.

庫雷希在過去五年中一直處於加密貨幣風險投資的最前沿，他對這一時期重塑該行業的重大變化提供了富有洞察力的視角。他強調，市場正在從以零售為主的市場轉變為以機構參與和投資者日益成熟為特徵的市場。

The Early Days of Crypto VC

加密貨幣創投的早期階段

Recalling the early days of Dragonfly, Qureshi highlights the company's initial focus on investing in Layer 1 protocols, which form the foundation of blockchain networks. He explains that these protocols were essential for establishing a secure and scalable infrastructure for the crypto economy.

回顧 Dragonfly 的早期，Qureshi 強調了該公司最初專注於投資第一層協議，該協議構成了區塊鏈網路的基礎。他解釋說，這些協議對於為加密經濟建立安全且可擴展的基礎設施至關重要。

However, as the industry matured, Dragonfly recognized the emerging opportunities beyond Layer 1. Qureshi discusses the firm's investment strategy, which has evolved to encompass a broader range of crypto sub-sectors, including decentralized finance (DeFi), non-fungible tokens (NFTs), and Web3 infrastructure.

然而，隨著行業的成熟，Dragonfly 認識到了Layer 1 之外的新興機會。Qureshi 討論了該公司的投資策略，該策略已發展到涵蓋更廣泛的加密貨幣子行業，包括去中心化金融(DeFi) 、不可替代代幣(NFT) ）和 Web3 基礎設施。

The Rise of "Points" as an Incentive Mechanism

「積分」激勵機制的興起

Qureshi introduces the concept of "points" as a more effective and flexible mechanism for incentivizing user behavior compared to traditional airdrops. Points can be earned through various on-chain activities, such as providing liquidity, participating in governance, and contributing to ecosystem development.

Qureshi引入了「積分」的概念，作為一種比傳統空投更有效、更靈活的激勵用戶行為的機制。積分可以透過各種鏈上活動來獲得，例如提供流動性、參與治理、為生態系統發展做出貢獻。

He explains that points offer greater customization options, allowing projects to tailor rewards to specific user actions and behaviors. This approach can foster a more engaged and committed user base, ultimately benefiting the project's growth and sustainability.

他解釋說，積分提供了更多的客製化選項，允許項目根據特定的用戶操作和行為自訂獎勵。這種方法可以培養更具參與度和忠誠度的用戶群，最終有利於專案的成長和永續性。

The Importance of Release Mechanism Design

釋放機構設計的重要性

Qureshi emphasizes the importance of carefully designing the release mechanism for points to ensure proper token distribution and avoid excessive market volatility. He discusses the need to balance the interests of early adopters, long-term holders, and the wider community.

Qureshi強調仔細設計積分釋放機制的重要性，以確保適當的代幣分配並避免市場過度波動。他討論了平衡早期採用者、長期持有者和更廣泛社區利益的必要性。

He explains that a well-designed release mechanism can incentivize users to hold points over the long term, promoting ecosystem growth and reducing the risk of excessive speculation.

他解釋說，精心設計的釋放機制可以激勵用戶長期持有積分，促進生態系統的發展，並降低過度投機的風險。

Conclusion

結論

Qureshi concludes the interview by expressing his optimism about the future of the crypto industry. He believes that the ongoing innovation and development of new technologies and use cases will continue to drive growth and adoption. He emphasizes the importance of collaboration and community building within the crypto ecosystem.

庫雷希在採訪結束時表達了他對加密產業未來的樂觀態度。他相信，新技術和用例的持續創新和開發將繼續推動成長和採用。他強調了加密生態系統內協作和社區建設的重要性。

Disclaimer: The Block is an independent media outlet that provides unbiased news, research, and data on the cryptocurrency industry. Foresight Ventures, an investor in The Block, also invests in other crypto-related companies. Crypto exchange Bitget is an anchor LP for Foresight Ventures. However, The Block maintains its editorial independence and provides objective and comprehensive coverage of the crypto space.

免責聲明：The Block 是一家獨立媒體機構，提供有關加密貨幣行業的公正新聞、研究和數據。 The Block 的投資者 Foresight Ventures 也投資了其他加密相關公司。加密貨幣交易所 Bitget 是 Foresight Ventures 的主要 LP。然而，The Block 保持其編輯獨立性，並提供對加密貨幣領域客觀、全面的報導。