As we all know, the core application scenarios in the cryptocurrency space are asset trading and asset issuance.

Every bull market can only generate a wealth effect by allowing users to participate in new models of asset issuance and asset trading, which in turn triggers the phenomenon of leveraging funds within the space and attracting outside funds into the market.

However, under the premise of high valuations for projects and a severe imbalance between supply and demand, Meme coins have become the first breakthrough track.

Meme, characterized by its lack of VC funding and fair launch, generates a wealth effect through a model of rapid price surges with low market capitalization, and has also spurred new tracks for asset issuance (pumpfun) and asset trading (GMGN, TG Bot).

One of the most important features of Meme is that it has no practical use; this financial nihilism can deconstruct the maneuvering of VCs and is suitable for a minority of crypto users with IQs of 50 and 150.

For most practitioners and institutions with an IQ of 100, the difficulty of participation is still too great. It is hard to imagine explaining to the LP of a fund that the reason for investing in Moodeng is that it is too cute, while the reason for selling Moodeng is that it has become fat and no longer cute.

But the AI Agent can consolidate the consensus of the majority: with fund LPs, one can tell the story of investing in AI infrastructure; with Degen users of IQ 50 and 150, one can explain the logic of on-chain Meme and golden dogs; with crypto practitioners and VCs of IQ 100, one can discuss the logic of investing in AI Agent track projects.

In short, the AI Agent is the greatest common divisor of the Web3 industry in this cycle.

This paragraph from the article by XinGPT really enlightened Pipi!

👉 Original text: https://www.panewslab.com/zh/articledetails/si4j6mow.html