The story of FLOW is worth pondering. Once upon a time, this project carried a lot of expectations — even at the bottom of the 2022 bear market, A16Z still chose to bet on it. But since then, the project's strategic thinking has seemed somewhat wavering: from initially focusing on the gaming ecosystem, to later shifting to blockchain infrastructure, and now wanting to venture into the DeFi sector. Each turn has been accompanied by new visions, yet tangible breakthroughs are hard to see. What's more ironic is that during these strategic adjustments, the project team hasn't been idle — selling assets to sustain operations. This perhaps indicates that having funding and achieving results are ultimately two different things.