TechFlow news — At the opening forum of Foresight's 2023 Hong Kong Summit, Wang Feng, founder of Element, pointed out that the product-pain-driven approach favored by Web2 entrepreneurs may not fully apply to Web3. Web3 founders need to develop a unique narrative logic. Moreover, beyond the product, design, and operations expertise required in Web2, Web3 entrepreneurs must build a distinct economy—leveraging unique assets and incentive models, shifting from a traffic mindset to a liquidity mindset.
He revealed that Element will launch 20,000 Element Pass Standard (EPS) NFTs on April 14. EPS holders will receive a benefits package, including governance rights and economic and product-related privileges.
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