We don’t just love The Blossoms of the World—we love the era it represents. An era when opportunity was everywhere, and fortune favored the bold.
The recently concluded TV drama The Blossoms of the World sparked more than cultural nostalgia—it ignited conversations about 1990s Shanghai,黄河路 (Huanghe Road), and the wild, speculative energy of early financial markets. It wasn’t just Wang Qiyao’s story or Baozong’s rise; it was a mirror reflecting how ordinary people navigated tides of change, chasing dreams in a landscape defined by information asymmetry and rapid transformation.
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And isn’t that what every emerging industry feels like in its infancy? A chaotic bloom—full of noise, risk, and unprecedented reward. The Web3 space over the past decade has been exactly that: a digital gold rush echoing the spirit of 1990s stock markets. But with spot Bitcoin ETFs now approved and blockchain technology inching toward mainstream adoption, are we witnessing the end of Web3’s “Age of Blossoms”?
The Glorious Early Days of Crypto
Ask any veteran in the crypto space: What would you do if you could go back 10 years?
Buy Bitcoin? Start mining? Launch a major exchange? Join a now-giant project as an early employee? The options feel endless—because the early years of Web3 were truly a frontier of imagination and exponential growth.
Take Binance, for example. In 2017, CZ and his team struggled to gain traction. BNB launched at 1 CNY, then immediately dropped—halving in value within weeks. Co-founder He Yi recalled CZ losing 10 kilograms in just three weeks from stress.
Yet within six months, Binance became the world’s largest exchange by trading volume. By 2021, internal valuations approached $300 billion. Beyond CZ, it created countless millionaires and billionaires—proof that in Web3’s formative years, timing and conviction could rewrite destinies.
Mining was another gateway to wealth. Consider Su Zhu (not to be confused with the Three Arrows Capital founder), better known as “Shen Yu,” founder of F2Pool. He started mining Bitcoin on a laptop in his dorm, then upgraded to GPUs at home. By 2013, he launched one of the world’s first large-scale mining pools. At its peak, a single 500KW facility mined over 20,000 BTC and 100,000 ETH.
Proof-of-Work didn’t just secure the network—it tied miners’ fortunes directly to Bitcoin’s survival, making them the most passionate advocates of decentralized money. Most early crypto titans—whether exchange founders or infrastructure builders—cut their teeth in mining.
Back then, “millionaire” was rare. Today, “thousand-BTC holder” is common. What once felt like a tight-knit community of pioneers has evolved into a global financial movement—with leaders who went from “accessible” to “almost mythical.”
In 2023, Hurun’s China Rich List included several crypto natives: Wu Jihan (Bitmain) at $1 billion, Li Lin (Huobi) at $700 million, and Xu Mingxing (OKX) at $500 million—all alumni of China’s top universities.
But make no mistake: the wild west is over. Replicating their success through mining or early token accumulation is no longer feasible for most.
So where do we go from here?
The Best Time Was 10 Years Ago—The Second Best Is Now
For everyday participants, new paths to value creation have emerged. One of the most powerful? Airdrops.
Since the DeFi summer of 2020, airdrops have become a cornerstone of Web3 incentive design—offering substantial rewards to early users, testers, and contributors.
Consider these real-world outcomes:
- Uniswap distributed UNI tokens—worth an iPhone 12 for many.
- Memeland (MEME) awarded early NFT holders with real estate.
- Tokenlon’s LON drop included luxury dining experiences.
- The Graph (GRT) rewarded curators with property-level gains.
- Blur airdropped 360 million BLUR tokens to over 62,000 addresses. One user received 3.2 million BLUR—worth over $1.6 million today.
Even newer airdrops like ARB, TIA, and JTO may offer smaller individual payouts, but combined across multiple wallets, they’ve enabled savvy users to generate life-changing returns.
The lesson is clear: consistent engagement with new protocols isn’t just experimentation—it’s strategic positioning.
Just like The Blossoms of the World’s Zhen Zhen Garden profited from information asymmetry, early Web3 adopters thrive on being first. But as the space matures, that gap narrows. Mainstream access flattens advantages once reserved for insiders.
Yet 2023 proved that opportunities still exist beyond venture capital rounds and whale-dominated launches. Ordinals and meme coins—driven by community energy rather than institutional funding—gave retail users real upside. The frenzy around inscriptions and meme trading felt eerily similar to the “zoo market” days of early crypto.
And now, spot Bitcoin ETFs have added a new catalyst.
For years, investors waited for regulated ETFs to open the floodgates for traditional capital. Now that they’re here, we’re entering a phase where institutional adoption could accelerate Bitcoin’s integration into mainstream portfolios.
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Compare Web2 giants like Amazon or Taobao—each serving billions—to Web3 leaders like MetaMask (tens of millions) or ENS (millions). Even Bitcoin’s active holder base remains tiny in global terms.
This isn’t decline—it’s potential. The stage is still being built.
Why Web3’s Golden Age Isn’t Over
One line from The Blossoms of the World stands out:
“You know New York’s Empire State Building? It takes an hour to run from the bottom to the top. But only 8.8 seconds to fall. That’s the stock market. If you want to make money, first learn how to lose.”
It’s a warning—and a truth that applies perfectly to crypto.
Since 2017—and especially after DeFi’s explosion in 2020—we’ve seen narrative after narrative rise and fall:
- DeFi as the “pickaxe play” during the gold rush
- NFTs selling pixel art for millions
- New Layer 1 blockchains vying for dominance
- And most recently, Bitcoin ordinals redefining what BTC can do
Each cycle brings new stories of overnight success. Each fuels hope. And each reminds us that volatility is not a bug—it’s the engine of opportunity.
These rotating themes are not signs of instability. They’re proof that innovation hasn’t slowed. The show hasn’t ended—it’s evolving.
Frequently Asked Questions
Q: Is the Web3 golden age really over?
A: No. While the early “wild west” phase has passed, new avenues like airdrops, staking, and decentralized identity are creating fresh opportunities for participation and reward.
Q: Can普通人 still get rich in crypto?
A: Absolute wealth like early billionaires is unlikely through simple holding today—but strategic engagement with emerging protocols (e.g., testnets, governance, yield farming) can still yield significant returns.
Q: Are airdrops still worth pursuing?
A: Yes, but they require effort and timing. Focus on high-potential projects in their early stages, contribute meaningfully (e.g., bug reports, community building), and manage multiple wallets responsibly.
Q: How do spot Bitcoin ETFs change the game?
A: They bring legitimacy and ease of access for institutional and retail investors alike, potentially driving long-term price appreciation and broader adoption—without changing Bitcoin’s decentralized nature.
Q: What does “don’t leave the table” mean in crypto?
A: It means staying active—even during bear markets. Whether through learning, using dApps, or accumulating assets slowly, continuous presence increases your chances of catching the next big wave.
Q: Is mining still profitable today?
A: For most individuals, solo mining is no longer viable due to high competition and energy costs. However, cloud mining services and staking alternatives offer accessible entry points for passive income.
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Final Thoughts: Your Blossom Is Coming
The Age of Blossoms wasn’t just about wealth—it was about motion. About being part of something fast-moving, uncertain, and full of promise.
Web3 today is no different. It runs 24/7/365. There are no holidays for Bitcoin. No off-season for innovation.
We may never relive the days when buying BTC felt like discovering fire. But new chapters are being written—in decentralized AI, real-world asset tokenization, privacy layers, and beyond.
Stay in the game. Use the tools. Learn constantly.
Because one day, the market will turn—and when it does, your moment may finally bloom.
Just remember:
“Take the elevator if there is one. Climb the stairs if you must.”
As long as you keep moving upward, your blossoms will come.