From "Technology is Innocent" to "Technology is Fair": Wang Xin's New Journey in Web3

In the golden age of internet development in China, KuaiBo was a legend in the hearts of many users. This video player once accounted for 80% of the domestic video traffic, serving over 500 million users. The founder of KuaiBo, Wang Xin, also experienced the ups and downs of life from peak to valley.

After regaining his freedom, Wang Xin returned to the public eye with a brand new attitude. However, his second venture did not go smoothly, and after the initial excitement for the new product faded, he gradually faded from people's view and remained silent for a long time.

Until the beginning of 2025, Wang Xin regained his entrepreneurial enthusiasm and announced that he would fully commit to Web3, focusing on the intersection of AI Agents and the crypto economy. He proposed the concept of "technological fairness" and regarded it as the core value of the next stage of entrepreneurship.

Recently, Wang Xin candidly shared his reflections on the past, his dedication to fair technology, and his belief in starting anew amid the wave of Web3.

Twice Missing the Blockchain

Wang Xin first came into contact with Bitcoin in 2011. Out of curiosity for decentralized currency, he read the Bitcoin source code and mined some coins casually. At that time, he was focused on the Kuaibo business and did not delve deeper into it. To him, BTC at that time was more like a geek's experiment: highly volatile and with an uncertain future.

"The mindset towards Bitcoin is completely different now." More than a decade has passed, and Wang Xin's view on Bitcoin has undergone a complete transformation. On one hand, he genuinely admires the innovation of blockchain technology; on the other hand, Bitcoin has gradually evolved from being relatively unknown to a mainstream asset on par with gold. Wang Xin stated that Bitcoin, with its community-driven and decentralized structure, has established global trust, overturning his initial skepticism and providing him with many insights.

Compared to the current cooling period of the Web3 industry, 2018 was undoubtedly an era of hot money influx, with many internet entrepreneurs diving into blockchain. In February of that year, Wang Xin regained his freedom and made a "high-profile comeback" at a gathering with a group of well-known entrepreneurs. At that time, there were many rumors that Wang Xin would venture into the blockchain field.

However, in the end, Wang Xin chose to establish Yun Ge Artificial Intelligence in Shenzhen, diving into the social and AI sectors, successively launching "Toilet" and "Ling Ge AI". Due to his previous experiences, Wang Xin stated that he could not lead a team to take policy risks. "At that time, if we had fully invested in blockchain, we were afraid it would cross the red line," Wang Xin admitted.

Around 2018, although the heat of the ICO frenzy had not yet dissipated, regulatory policies were highly unclear, and the domestic blockchain entrepreneurial environment suddenly tightened. As an entrepreneur responsible for the team and the company, Wang Xin was unwilling to let the team bear any more risks. However, a small team within the company continued to monitor the blockchain industry and maintain their learning and research on the technology.

Entering Web3 After Years of Accumulation

After launching the social application "Toilet" and the recruitment product "Lingge AI", Wang Xin remained largely out of the public eye for about three to four years. Regarding this "retreat period", Wang Xin stated that it was intentional on his part and also a result of the circumstances.

"Lingge AI" and "Toilet" did not create much of a stir after initially gaining attention due to Wang Xin's "star entrepreneur" aura. Both products fell short of expectations, with the "Toilet" project even being halted before its launch. This experience of ups and downs made him realize the necessity for calm reflection. Wang Xin stated: "This adjustment is very important for a serial entrepreneur like me. I have had glory, but I have also experienced lows, and I need a stronger mindset and clearer goals. Only by solidifying myself can I go further."

During the years of accumulation, Wang Xin has actually invested in quite a few projects, mainly focused on the hardware and AI fields, such as a flying car company rumored to be considering going public recently and a lidar company that holds a major share in the global market. Wang Xin stated that he did not intend to become an investor, but rather was invited by friends to provide guidance and support, and as he gained more understanding, he became involved in the investment. He also revealed that he has not participated in any Web3 projects so far.

Although not officially involved, Wang Xin has always had deep ties with the blockchain industry. The P2P technology of Qvod allows all users to publish shared files and is not easily controlled by a central system, which has similarities to the blockchain network system. In addition, Qvod once launched a traffic miner project, which essentially utilized the sharing economy model to create a CDN (Content Delivery Network). To some extent, this is also the prototype of today's DePIN.

With the rapid development of the AI industry, the popularization of large models like ChatGPT, and the gradual clarification of Web3 policies in places like Singapore and Hong Kong, Wang Xin realized that these two technologies, which significantly enhance productivity and improve production relations, can be integrated. This entry point also became his "entry point" into the Web3 industry.

Focus on Web3 + AI agent

Looking at the entire AI industry, "Web3+AI" is currently just a very niche track, and even many star "Web3+AI" projects have been criticized for being "shoddy." In fact, Wang Xin's time and understanding of exploration in the AI field may surpass that of most Web3 practitioners today.

Based on his personal experience in entrepreneurship and investment, Wang Xin stated that for small companies and teams attempting to create a general AI platform, the cost pressure is immense. Computing power expenses often account for 80-90% of the budget, making it difficult for entrepreneurs to sustain. He believes that rather than developing a general platform, it is better to focus on vertical scenarios, creating "small but beautiful" practical products, or taking a different approach by integrating AI with Web3 to find new business models.

"AI is very centralized, including large models that are super centralized, and it actually has nothing to do with Web3. At this point, we wonder which part of AI is related to individuals? That would be the AI agent," said Wang Xin.

The essence of AI Agent is an orchestrated automation workflow that requires human participation for tuning and decision-making. The choices made by humans regarding the outcomes essentially participate in the "training" of the Agent. Wang Xin stated that when a certain community or KOL repeatedly optimizes the same type of task, they possess the core value of this Agent. At this point, the ownership of the Agent and the distribution of profits should rightfully belong to these contributors. With the public/private key system of Web3, each Agent can have a unique on-chain identity, and smart contracts record every contribution and corresponding profit in real-time, ensuring that "data contributors" truly become "value recipients."

In addition, Wang Xin believes that the two core aspects of Web3 are asset issuance and asset transfer. The threshold for the former is becoming lower and lower, while the infrastructure for the latter is becoming increasingly完善. The real challenge lies in how to ensure that the issued assets continue to appreciate in value and how to enable community participants, operating teams, and ordinary users to find their place within the ecosystem. He pointed out that the solution lies both in enhancing product capabilities and in making good use of Web3's restructuring of production relationships, which contains a lot of potential for innovation. For example, addressing the pain points of high learning costs in Web3, private key management, Gas fee settings, and so on, to avoid alienating the vast majority of internet users. Only when the on-chain experience closely resembles people's daily operations can new professions, new communities, and new entrepreneurial opportunities emerge.

How do gaming giants view blockchain games?

In addition to the video player, the gaming platform "Kuaiban Game Box" under Kuaiyin was an important source of revenue for the company. This platform, which integrates a vast number of games, opened the door to the world of single-player games for countless players. At its peak, it even rivaled a well-known gaming platform in the China region, boasting over a million monthly active users, surpassing most blockchain game projects. However, in the Web3 space, the gaming sector, which was once filled with high hopes, has been in a prolonged state of stagnation.

"It's difficult to achieve both playability and decentralization." When asked about his views on the prospects of Web3 games, Wang Xin frankly stated that truly fun games do not rely on Web3 to exist. In fact, whether it's a blockbuster game or classic browser games and single-player games from the past, players chase immersion and enjoyment, rather than the underlying technological implementation. When developers blindly treat blockchain as a "funding tool" or "token issuance channel" layered on top of the game, it often detracts from playability. Players have to learn about private keys, worry about transaction fees, and be concerned about asset security, which completely deviates from the original intention that "games should make people happy."

"If a new game simultaneously carries innovative gameplay and a Web3 model, the chances of success are extremely low." Wang Xin pointed out that the core of a game is always its content. Regardless of how technology iterates, players pursue storylines, visuals, controls, and social experiences. The correct approach should be to start from "a certain link." For example, using low-cost on-chain payments to replace traditional credit cards and app store revenue sharing can save 3-10% in fees, alleviating the pressure on game developers to acquire users and monetize. In addition, during the process of cross-border distribution, player recharges, profit-sharing, and withdrawals can be completed using stablecoins or multi-chain wallets, allowing developers to reduce costs without the need for expensive advertising.

When payment and profit-sharing are seamlessly integrated into the game without any noticeable impact, players enjoy a traditional gaming experience while unknowingly using Web3 infrastructure. Meanwhile, developers will reduce intermediary profit-sharing, enabling them to sustain better product offerings after gaining more revenue. "So how to make them profitable, I think this needs to be achieved through changes in these production relationships of Web3."

Why support Meme Coin Fair3?

After entering the Web3 industry, Wang Xin's identity seems no longer that of a serial entrepreneur, but rather a supporter and evangelist. He often shares his views on artificial intelligence and blockchain technology on social media, and sometimes directly mentions Fair3, which he is supporting. According to Wang Xin, it is not a "project" in the traditional sense, but an ecosystem centered around the core concept of "technological fairness."

Wang Xin stated that Fair3 originated from a purely Meme coin. After a group of core members took over, they began to think about a more far-reaching vision: not just the cultural attributes of the community, but also to build a truly decentralized ecosystem that allows every individual to benefit from their participation. Fair3 aims to leverage the power of Web3 to challenge the various unfairness caused by centralized algorithms and platform monopolies in the traditional internet, transforming the culture of "accumulating sand into a tower" into tangible ecological value.

"Every transformation of production relations in history has solved the core issues of its time; agriculture solved food, and industry solved capital," Wang Xin further stated. In today's "knowledge phase" and "attention phase," the monopoly of data and algorithms has severely exploited ordinary users and content creators. Mainstream platforms take high commissions from creators, with e-commerce customer acquisition costs reaching 30-40%, and content distribution fees even reaching 90%, all of which are unfair practices. What Fair3 aims to do is to gather the "grains of sand" from countless small individuals, through community cohesion and voice, to make unfairness visible, and leverage decentralized technology to achieve a transformation from cultural construction to ecological implementation.

For example, the core team has organized several small-scale Meme culture creation and sharing events, where community members independently record "unfair stories" to document personal experiences and support each other. Recently, the community also launched the "Takeout Fairness" initiative, encouraging community members to support a specific takeout platform and airdrop tokens to participants, revealing and correcting through actual consumption behavior.