Li Yang asked me to write an article to talk about my views on this cycle.

Because I am one of the few people he knows who is optimistic about this cycle.

This makes me feel very strange. Is there any reason not to be optimistic about it?

This is much like planting a fruit tree. The roots are growing, the branches are growing, and the leaves are growing, but they have not yet produced fruit.

If you only focus on the fruit, it will be a long and painful experience.

Most people in the currency circle are investors, and it is easy to fall into this fruitless sadness.

I don’t think it’s necessary. Growth takes time. Even farmers know that fruit trees don’t grow in a day. What’s more, what we are planting today are some new species that have never been seen before, which requires our patience and love.

In 17 and 18 years, we experienced a wave of ICOs, and countless altcoins, air coins, and scams were born.

At the time, many people believed that Crypto had gone astray and were too embarrassed to mention this history.

People think that Crypto is a great thing that can transform society and save mankind, but it is so disappointing that it is used to issue these meaningless tokens, or even a scam.

Some people still think so to this day.

However, looking back today, we will come to a completely different conclusion.

It is the large number of users brought by this wave of speculation that directly promotes the development of Ethereum infrastructure. We have obtained better wallets, better RPC nodes, better developer tools, and more exploration of expansion. ;

It is the large number of long-tail assets created in this wave and their financial needs such as trading and lending that gave birth to our prosperous DeFi ecosystem today.

We can even say that 17 and 18 years are the most important periods in the life of Ethereum.

We should learn from this that each stage has its own meaning, and we should not rush to judge it from the current perspective.

Arweave posted something interesting the day before yesterday.

Traditional Crypto-AI interaction is a bit like the oracle model, such as Autonolas, where the AI ​​performs calculations off-chain and then writes the results to the blockchain.

And because of Arweave’s special contract mechanism, you can store the entire large model in the contract and execute it, realizing the interaction between native AI and assets on the chain. This not only eliminates the risk of centralization but also enhances composability.

The official examples are very interesting. They made a game in which a kind of "Alpaca Coin" was issued. You can find the Alpaca King and use your real assets ($AR) to exchange for this Alpaca Coin, but as for whether he will give you this coin , depends entirely on his wishes. This king is controlled by AI.

The issuance of assets completely controlled by NPCs was unimaginable in the past. But obviously, it doesn’t stop there and there are many more possibilities in the future.

This isn’t to talk about Arweave, it’s just one of the many developments we’re making this cycle.

  • In terms of games, in the past year we have gained more truly playable full-chain games and many better tools;

  • Socially, we have experienced a series of projects such as Friend.Tech, which tokenizes people, and Farcaster, a completely decentralized social network;

  • In terms of content, we see Bodhi trying to capitalize all content to build a basic layer;

  • In terms of AI, we have obtained various AI agents such as Autonolas, and then to the AI ​​module of AO;

  • On memes, we have seen a large number of new tokens, even a large number of meme coins created by users themselves, as well as tools that lower the threshold for meme coin issuance (such as pump.fun).

All of the above, all of what has happened in the past year, are essentially similar. We can clearly see that Crypto is gradually extending to other peripheral things. These things themselves are also virtual things: games, people, relationships, content, AI, memes, but how Crypto interacts with them is still being explored.

Don't ask "What's the meaning of this?" The growth of all things has its meaning. We can't understand it at the moment, but we will understand it eventually.

Don’t ask “When did Mass Adoption happen?” The only thing that is certain is that when Mass Adoption does happen, you will miss the era before Mass Adoption and the emergence of all things.

This is the best cycle, embrace the process.

[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.

  • This article is reproduced with permission from: "PANews"

  • Original author: Luyao