From the rotation of funds, we can see that those who are into AI and those who are into memes are no longer the same group of people. AI has evolved from pure memes like GOAT to chat AI agents, to on-chain funds like ai16z, to new asset distribution platforms like Virtual and Spore, and $ACT 's listing on Binance. Each step is getting closer to application, and all this happened within two months.

This round of on-chain market is no longer a meme. It is essentially a new "application project" that bypasses exchanges and VCs and directly generates new assets on the chain. In this way, the opening price is low, everyone has the opportunity to participate and make money early, and a large number of users and hardcore communities have been accumulated during the rise.

This is essentially a redistribution of benefits, allocating the money that was previously going to VCs and exchanges to retail investors. This round of general rise in the altcoin market will not happen in CEX exchanges. The current chain is the beginning of the altcoin explosion season in 2020, and there is gold everywhere.

For project owners, if they have a good idea, they can quickly make a product MVP. They no longer need to lick VCs and compete for resources to find exchanges to pay tolls. They can just pull it out and walk it on the chain. If the market buys it, it will take off. If not, it will be a failure. The iteration speed of the AI ​​track on the chain in the past two months also tells you which model is most beneficial to the development of the industry.

The previous project + VC + exchange issuance model will be completely changed in this round, and the new application infrastructure on the chain will subvert the old exchanges. Currently, there are only 300,000 to 500,000 users on the global chain, and there is enough liquidity to support 2-3b projects. If this number reaches 5 million, do we still need to go to CEX and VC? There is really not much time left for the current first-tier VCs and exchanges to transform. In this regard, An An's actions can be said to be the fastest. The launch of the Alpha section and the direct placement of outstanding memes in a more convenient place to operate can be said to be worthy of An An.

This is the best time for crypto investors and entrepreneurs.