Yu Hong, former Senior Vice President of 360, is widely popular for his excellent interpersonal skills and generous nature (often giving out red envelopes worth hundreds of thousands of yuan). During the Spring Festival of 2018, he created a red envelope group, inviting many Web2 industry leaders. Later, due to frequent late-night discussions about blockchain within the group, Yu Hong keenly sensed this emerging trend and renamed the group "Three O'clock Community."

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