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RootData's innovation: Creating a Web3 version of Qichacha to solve the information asymmetry in the industry.
From Chain Catcher to RootData: Decoding the Transparent Secret Key of Web3 Asset Data
Hunter is a co-founder of a certain asset data platform that focuses on providing a one-stop information inquiry service for Web3 projects, institutions, and individuals. Hunter founded a Web3 media outlet in 2018, which has now become one of the most influential blockchain media in the Chinese-speaking region.
Hunter stated that the original intention of establishing the asset data platform stemmed from the pain points he encountered as a media person when querying project information. At that time, there was a lack of a one-stop information platform in the Web3 field, and querying project information required going through multiple channels such as official websites, white papers, and social media, which was time-consuming and labor-intensive. With the rise of the Web3 investment and financing boom in 2021, the market information became even more chaotic. Hunter realized the need for a platform that integrates corporate data similar to Crunchbase in the Web2 field. Therefore, in early 2022, he launched this asset data platform project, hoping to create a Web3 version of "Qichacha," using investment and financing data as a starting point to meet the needs of investors, entrepreneurs, and media professionals.
The core goal of the platform is to reduce the cost of information acquisition and address the issue of information asymmetry. Unlike platforms such as CoinMarketCap, they focus on providing "underwater data," including project fundamentals, financing dynamics, community heat, and other information. The platform emphasizes three aspects: differentiated data, one-stop experience, and user-friendliness. For example, users can quickly query information about projects, financing situations, and leading companies in a specific track, greatly improving efficiency.
Regarding the nature of asset data, Hunter believes it is a transformation process from "data to information". The platform integrates on-chain raw data and off-chain scattered information into highly readable information, providing users with decision-making references. Although there are challenges with data updates and accuracy, the platform continuously optimizes through data traceability, user feedback, and regular verification.
In terms of differentiation from competitors, the platform focuses on off-chain data, providing labeled filtering and dynamic features. For example, users can filter "AI projects that have not issued tokens" with one click or analyze information such as who is following or unfollowing a project. The platform has also designed a collection feature that allows users to create and share project lists, increasing interactivity and information supplementation.
For new users of Web3, the platform provides features such as project panoramas, pitfall reminders, and tag navigation to help them quickly understand projects and industry dynamics. Hunter advises newcomers to practice more, use the platform's features to understand the market, and gradually accumulate experience.
In terms of derivative business, the platform is exploring directions such as OTC trading matching and a points system. In the long term, the platform hopes to serve trading, but is still looking for a compliant path.
Advice for Web3 entrepreneurs: Hunter emphasizes the importance of profitability, warns against false demand, and insists on doing the right thing. He believes that issuing tokens should not be the only path; instead, attention should be paid to real demand and cash flow. At the same time, he also highlights the importance of operating with integrity and urges entrepreneurs to stay away from bad projects like Ponzi schemes.
Finally, Hunter shared his life insights: do the right thing and follow your heart. He is influenced by Wang Yangming's philosophy of the mind and adheres to the concept of "achieving innate knowledge," maintaining his original intention in the temptation-filled Web3 industry and striving to provide users with transparent and rational decision-making basis.