This bull market is returning to common sense! Taking stock of the 3 main themes of the encryption bull market, which one has the most potential?

It feels like this new main storyline is starting to become clearer, namely 01928374656574839201

PayFI

AI Agent

meme

Just like the previous round, there are roughly three main themes: Decentralized Finance, Non-fungible Token, X2Earn

Just briefly explain why these three.

The biggest theme of this round should be what Trump said in his victory speech yesterday, 'Common Sense - 常識,' or Anti- Narrative. The market is starting to feel sick of projects that only focus on technology/infrastructure and only narrate to VC and exchanges. Projects must return to common sense - what you create must really be used by people and someone pays for it (at least everyone can buy monkeys and punks as avatars for NFT, right?).

In the past two years, there have been a bunch of Decentralization Computing Power / Model Training / Inference projects. Imagine if you were a proper AI startup, would you really give up using Hugging Face and not buy cloud Computing Power from AWS or Azure, but instead use Web3's 'Decentralization' Computing Power / Model / Inference platform? Honestly, ask yourself, does this make sense?

Let me explain why I think the following three points currently make sense

1. PayFi - Connecting the Real World

Recently, the most intensive race track in the primary market in the past two months, where many new and old PayFi projects are lurking/emerging. The $11 billion Stripe acquisition of Bridge can be seen as a landmark event.

What you may not have noticed or known is

PayPal issuance的 $PYUSD 已經超過 5 億了（前段時間沖到了 10 億）

Osmosis, scrvUSD are all working on Debit Card, and other Crypto Cards based on Ton or other chains are on the way

Cooperate with Visa/Master to promote supply chain finance or accelerate settlement

There are direct discussions with banks to bypass Visa and Master Settlement.

* There is a POS system based on the Solana Pay architecture that provides merchants with Crypto Native Payment+Defi Yield, without affecting traditional VISA/Master card swiping.

There is direct on-chain + ZKTLS for P2P OTC deposits and withdrawals.

Some even move the main logic of banks to on-chain, directly logging in with Non-fungible Tokens + KYC, providing on-chain banking + traditional banking binding, which can not only transfer funds + deposit/withdraw, but also swipe Crypto Cards, and even directly Swift to traditional bank account.

A 'faster, better, and more economical' payment system that directly allows you to spend your Crypto assets by swiping a card, and safer deposits and withdrawals... These are all real user needs. Doing this well is really something that people / institutions, including Web2 players, may use. In the end, everyone may find that the key to achieving Web3 Mass Adoption is neither social nor gaming, but Payfi in this race.

2. AI Agent - Enhancing the on-chain world

For over a year, I have been involved in AI projects with three digits, but I basically haven't made much effort, because I feel that the integration is somewhat awkward, even for those leading and so-called flagship projects. Look at last year when V God was interviewed about the combination of AI and Crypto, he was actually asked this question, and his answers basically revolved around AI assisting Crypto rather than the other way around. But in the crypto world, to realize dreams, Crypto 'must' help AI. So we have the so-called 'model assetization', 'data assetization', and 'Computing Power assetization' in the industry standard.

But to be honest, I have talked to many Web2 AI researchers and founders, and they see our three tracks as if they were watching a talk show.

Image Source: 'TechFlow' from 'Shenzhen Tide'

The most impressive thing is that last year I talked about a DecentralizationComputing Power project. The Founder very 'honestly' told us that when there is a relatively large or commercialized Computing Power demand, it will be directly handed over to their centralized data center to run, and will not be handed over to retail investor GPU Computing Power, but it can be 'packaged' as retail investorComputing Power to participate in the front end. I have a pretty good impression of this Founder, although I didn't invest in the end.

Until the appearance of Goat this year, it really caught my eye.

This is not AI Help Crypto, nor Crypto Helps AI

This is a new thing that is the collision between real AI and Crypto.

AI Agent sends assets

AI Agent ShitPost advocate

AI Agents form DAO

AI Agents are responsible for managing and trading a fund.

AI Agents own culture

AI Agents own religion

This thing can't be done by Web2 AI, and Web3 pure Crypto also can't do it alone.

This is so far, in the current level of AI capabilities, the way I personally feel best embodies the combination of AI X Crypto.

About this track, recommend two articles

Also, the wizard @0xcryptowizard has posted a lot about this track, everyone can go check out his X.

3. Meme - on-chain casino, no more installation

Pump.Fun brings to the fore many things that were previously not acknowledged by many people, or could not be openly discussed due to 'political correctness'.

Our circle is just a big gambling house

But actually, this is not a problem. We can finally recognize that a significant function of Crypto is for PVP. That's OK.

The problem is, it can't just be PvP

Just like what President Du @DujunX said, "If memes and TAP are the future of the industry, then let this industry die, fuck!"

So, the meme, PVP will become an eternal track in our circle. When there are more exciting, more popular, and more meaningful tracks and technologies, the proportion of meme tracks will be smaller and lower-key. When the industry lacks direction, becomes boring and disappointing, the meme track will jump to the forefront and be more active and occupy a larger proportion.

Memes may be the 'bellwether' track for future bull and bear cycles - It has been, and will be always there……

The opinions expressed are for reference and entertainment purposes only, NFA:)

【Disclaimer】There are risks in the market, and investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their specific circumstances. Investing based on this is at your own risk.

This article is authorized to be reproduced from: "TechFlow of Shenchao"

Original author: Lao Bai