OKX Ventures partner Jeff Ren: When investing, more emphasis is placed on the innovation, narrative and market positioning of crypto projects

Jeff Ren, partner at OKX Ventures, shared many deep insights into entrepreneurial projects when he was invited to attend the Ecosystem Growth Summit hosted by Gitcoin and Electric Capital. In Jeff Ren's view, compared to the potential market size and technical background that traditional technology companies emphasize when financing, when investing in encryption projects, they pay more attention to the innovation, narrative and market positioning of encryption projects. But for early-stage projects focused on innovation, the journey from 0 to 1 can be painful. In addition, most current encryption projects revolve around Tokens, so it is necessary to consider the practicality of Tokens and their binding to business growth, etc., in order to achieve better development of the project. It is not recommended that crypto projects start financing only when the market changes. Instead, advance planning and clear needs are needed to better respond to the ever-changing market environment. When the industry is experiencing explosive growth, the higher the project valuation, the better. Instead, more attention should be paid to other things besides the valuation itself, such as project governance and so on. It is reported that OKX Ventures focuses on exploring the best blockchain projects in the world, supports the most cutting-edge blockchain technology and innovation, promotes the sustainable development of the global blockchain industry, focuses on long-term structural value investment, and helps provide blockchain Entrepreneurs who contribute to the chain industry build great companies.