Since the birth of the crypto field, although the market cycle and hot narratives have been constantly changing, there is one core point that has never changed, that is, the decentralized fund-raising model. From Bitcoin mining, to Ethereum's ICO, to DeFi's liquidity mining, and now the AI Agent era, various forms are exploring how to issue assets in a community-based way
This model has both advantages and disadvantages. On the one hand, most projects may eventually fail, but on the other hand, the few successful projects that remain tend to become the most important achievements in the crypto field in each cycle. For example, BTC, ETH, UNI and AAVE are classic cases that have been precipitated in past cycles
Now with the advent of the AI Agent era, although most projects may gradually be eliminated, those few projects that can withstand the test are likely to become the most important landmark achievements in this cycle
