Shift from Crypto to AI: Concerns Over Talent Migration

According to PANews, Jocy Lin, founder of IOSG Ventures, recently expressed concerns about a trend of core developers leaving the cryptocurrency industry to pursue opportunities in AI startups. Lin highlighted that the crypto sector's focus on short-term meme effects, rather than long-term value creation, could lead to a talent drain towards the AI field. Once these individuals establish themselves in AI, it may be challenging for them to return to the crypto space. Lin emphasized that many entrepreneurs and developers are driven by the desire to innovate and make a global impact, not just by financial gain. However, if the industry environment no longer supports ideals and value creation, these individuals may gradually depart. He urged exchanges and investment institutions to promote pragmatic innovation and focus on long-term goals rather than speculative quick profits to prevent the industry from entering a negative cycle. Lin remains optimistic about the crypto industry's potential for creativity but stresses the need for a more responsible ecosystem to support it.