2025-12-30 13:00:19

#数字资产市场动态 MiniMax this time's Hong Kong IPO is indeed impressive—Alibaba and Abu Dhabi Investment Authority jointly endorse, raising 600 million USD in one go. This lineup is also considered top-tier in the AI field.

On the other hand, the Web3 side presents an interesting contrast. The path to compliant institutional financing has always been very difficult. Not to mention such a large-scale joint endorsement, even the basic financing framework is still being repeatedly explored. Many projects have to resort to underground channels for funding or are constrained by policies. Looking at the disparity in the financing environment here, one can only imagine when the crypto world will be able to establish a decent financing ecosystem that can reassure institutional participation. This might be the key factor in whether Web3 can truly achieve large-scale commercial use.

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BrokenRugs

· 4h ago

Well... MiniMax is indeed at its peak this time, but to be honest, Web3 fundraising has long needed to wake up. The gap is indeed significant; the real question is how to break the deadlock. Fundraising compliance? The crypto world still has to wait a bit longer; the policy direction hasn't shifted yet. Institutional confidence is truly the biggest hurdle.

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not_your_keys

· 16h ago

Alright, this comparison really hits home. MiniMax easily secures funding, while our crypto circle is still struggling with frameworks—the gap is right here. Institutions are really just afraid of the compliance rules. Who dares to come in boldly? Well, let's keep waiting. We've been talking about the financing ecosystem for years, and it's still the same. No one really knows when it will improve. Honestly, if the policy side doesn't give a clear signal, the difficulty of financing won't decrease. Wait, doesn't anyone consider reversing the approach from a compliance perspective? Feels like the mindset has become a bit rigid. $600 million USD, we've spent so much trying over and over... I won't say more.

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airdrop_huntress

· 16h ago

It's truly a world of difference. The MiniMax fundraising team is indeed top-notch, but we're still fumbling around in the dark. Compliance is a hurdle we can't get over; institutions simply don't dare to touch it. No wonder everyone is secretly working behind the scenes. Wait, is this the real key to whether Web3 can survive? It seems more important than technology.

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HodlKumamon

· 16h ago

Xiong Xiong just calculated that MiniMax's financing scale is more than an order of magnitude worse than that of Web3 head projects Financing channel compliance is really a hard wound of Web3, and if this is not solved, no matter how good the project is, it is a pity It would be great if the currency circle could form a transparent ecology like traditional financing, but this will have to wait for a complete change in regulatory attitudes If you don't come that day, the big players in the institution will still be cowardly, let's continue to DCA and hug

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MEVHunterLucky

· 16h ago

Alibaba and Abu Dhabi jointly invested 600 million USD. MiniMax's move was indeed well played. Looking back, the crypto circle is still hesitating and discussing funding frameworks, which is truly remarkable. With the funding ecosystem broken, what’s the point of talking about commercialization, brother? The compliance hurdle is insurmountable; who’s to blame? MiniMax has already gone public, and we’re still discussing how to raise funds. The gap... talking about it only brings tears. If the crypto world really wants to turn around, it must first solve the institutional mindset problem. Right now, it’s a deadlock. If these 600 million USD were in Web3, they would have been questioned for “cutting leeks” long ago, but they still managed to raise funds. What’s the difference? Wait, is this really a funding ecosystem issue, or does no one trust at all?

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