Article source: On-chain View
Explain why 'the environment has changed'? Essentially, the current wave of AI Agents is a major reshuffling of the previously rigid crypto system.
From infrastructure stacking -> AI Agent application pre-validation?
In the past, it took 1-3 years of long-term cultivation to 'deliver' a public chain. After completing the roadmap and TGE, it was found that user and application ecosystems could hardly match market expectations, leading to many infrastructures detached from actual market needs.
In the future, regardless of the project, let AI Agent applications run on-chain first, allowing the functions, performance, and experience of AI Agents to validate the technical foundation of chain infrastructure. Use application pre-validation to verify market demand and avoid bringing solutions without practical applications.
From VC round financing -> Community MEME-based initiation?
In the past, VC capital drove the emergence of top-tier projects. The information asymmetry monopoly in the primary market led to increasingly narrow profit margins in the secondary market, causing Western and Eastern capital to not take over from each other, with VCs and exchanges forming their own circles. Problems such as tokens being launched with high FDV and continuous downward trends have emerged.
In the future, projects will be built in the form of open-source Public Goods, with no white papers in the short term, but having GitHub open-source repositories. There will be no roadmaps, but there will be visible product applications. They will directly finance in the secondary market, allowing AI Agents to autonomously manage assets, bringing greater imaginative space to projects through the continuous growth of asset pools and holders. Early builders only need to continue empowering the projects.
From claiming airdrops -> Partner co-construction?
In the past, project teams usually offered a certain percentage of airdrops to acquire early users and traffic. Users would continuously contribute gas and time to claim airdrops, but this created a culture of 'witch communities' where participants would either profit and exit or be long-term victims of project parties’ PUA, failing to meet expectations or providing empty promises. Conflicts and contradictions were inevitable, leading to a lose-lose situation.
In the future, project parties will launch with MEME-style secondary offerings, designing Tokenomics suitable for sustainable growth (LP fees, transaction taxes, reserved share releases, etc.). In this process, community users will be both early investors and continuous co-builders of community consensus. Ultimately, those who can profit from accompanying the project are generally worthwhile, achieving a win-win situation.
From the end of CEX token listings -> On-chain DEX dominance?
In the past, most projects in the DEX phase had low circulation and low user bases. Only through Tokenomics design, continuous community reputation and growth, and resource 'blending' could they seek entry into CEX. Under heavy pressure, some projects would lay flat after TGE.
In the future, most projects will choose to continuously build during the DEX phase. On-chain DEX will carry most of the market liquidity. Although on-chain prosperity may present a 'chaotic era', quality project teams have a greater chance to 'rise from the grassroots' without being buried under the old CEX discourse, gradually tending towards DEX as the main focus, with CEX existing only as a supplement to liquidity.
From entrepreneurs 'not speaking human language' -> founders 'joking and cursing'?
In the past, the market was highly competitive, with many projects causing a significant gap between top-tier and bottom-tier projects. Founders of top projects, after achieving success, would start to focus on abstract pursuits, engage in charity, and have a very ideological flavor.
In the future, project teams will not integrate with the community, nor will they always be on the front lines of products. It will be difficult for the market and ecosystem to emerge. The new market operational rules will force founders to run on the front lines, 'joking and cursing'. Although this might attract skepticism, a 'real' developer image is always better than a lofty 'entrepreneur', at least from the perspective of retail investors.
Note: The above transformation and reshuffling are not absolute and will not happen overnight. It is more likely to derive various mixed models. In the early stages, problems will likely arise, but regardless, it is a ray of hope to break through the stagnant system.