Is VC Memeification No Longer in Favor? “KOL Round” Emerges as a Fast and Effective Funding and Marketing Technique in Web3 Startups?

KOL @nftbanker (Xiao Jiang) shared his thoughts on his recent trip to Paris: “VCs are starting to meme-ify, while KOLs are starting to VC-ify. The conditions of unknown European and American funds are four times worse than those of KOLs. They don’t understand how Chinese people can raise funds overnight with just an Excel spreadsheet, while they are still waiting for the lock-up period to end. These KOLs have already made money. Several KOLs who have just graduated from Chinese universities have become the quickest, most active, and earliest cash-outs in this bull market.”