Common issues when launching a Web3 project are worth discussing. Overhype, lack of products, and exit scams—this combination we have seen too many times.

Xyber's approach is a bit different. They insist that a project must have a practically usable MVP, not just a white paper to raise funds. More importantly, they introduce a "developer reviews developers" mechanism, allowing knowledgeable people to vet the project instead of blindly hyping it. Whether this approach can break the trust crisis in the Web3 startup ecosystem depends on subsequent execution.