Why Did 1 Billion Dollars Shift from Web2 to Web3? The Quiet Rebellion of a Code Poet in New York

The Night I Watched the Boardroom Burn

I was coding a DeFi smart contract at 3 AM when the news broke:华兴资本 had voted $1B into Web3. Not with fanfare. No press release. Just silence—like my mother reciting Rumi after midnight.

We used to call them ‘dealmakers.’ Now they call themselves ‘builders.’ But builders don’t buy tokens—they plant seeds in code.

From M&A King to Chain Poet

In 2005, 华兴 closed mergers like poems: Meituan bought by Didi. Tencent married JD. Each deal was a stanza in English syllables wrapped around Chinese logic.

By 2019, they bought Circle—a stablecoin born in San Francisco but raised in Hong Kong. By 2023, they folded Matrixport into SPACs like origami: precise folds, quiet endings.

The Silence After Bao Fan Left

When Bao Fan vanished—no resignation letter, just empty chairs—the boardroom didn’t panic. They didn’t pivot. They paused.

And that pause? That was the revolution.

Not because the market changed. But because someone finally asked: What if technology served people—not profit?

The New Ledger Is Written in Code,

Not Contracts Circle surged 300%. Hong Kong issued stablecoin licenses. Coinbase whispered to HSBC over tea.

We’re not investing in crypto. We’re re-writing human dignity into blockchain. Every line of code is a line of poetry—quiet, deliberate, alive.

You’ve felt this too—haven’t you? Write your story below.