Article reprinted from: On-chain Observation
Explain why 'the environment has changed'? Essentially, this wave of excitement caused by AI Agents is a major reshuffle of the previously rigid Crypto system:
From infra stacking -> AI Agent application pre-emptiveness?
In the past, delivering a public chain required 1-3 years of long-term cultivation. 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 market actual demands;
In the future, regardless of the project, let AI Agents run on-chain first, allowing the functionality, performance, and experience of AI Agents to validate the technical foundation of chain infra. Use application pre-emptiveness to verify market demand and avoid bringing solutions without landing applications.
From VC rounds of financing -> community MEME-based initiation?
In the past, VC capital drove the birth of top-tier projects, and the information monopoly in the primary market led to increasingly narrow profit margins in the secondary market, causing Western and Eastern capital to avoid taking over each other's projects. Issues such as VC and exchanges forming alliances, tokens launching with high FDV and experiencing continuous downturns, etc.;
In the future, projects will be built in the form of open-source Public Good, with no white papers in the short term, but having a GitHub open-source repository, no roadmaps, but visible product applications, directly financing in the secondary market, allowing AI Agents to autonomously manage assets, and continuously expanding asset pools and growing holders to bring greater imagination space to the project. Early builders only need to continuously empower the project.
From grabbing airdrops -> Partner co-construction?
In the past, project parties usually offered a certain proportion of airdrops to acquire early users and traffic. Users continuously contributed gas and time to grab airdrops, but this led to a 'witch community' culture of users either profiting and fleeing or being long-term PUA'd by project parties, failing to meet expectations or under-delivering, resulting in inevitable contradictions and conflicts, a lose-lose situation;
In the future, project parties will open trading using a MEME-style secondary approach, designing Tokenomics suitable for sustained growth (LP fees, transaction taxes, reserved share releases, etc.). In this process, community users are both early investors and continuous co-builders expanding community consensus, and basically, those who can profit from accompanying the project are all worthwhile, a win-win.
From CEX listing endgame -> on-chain DEX domination?
In the past, most projects in the DEX phase had low liquidity and low user groups. Only through Tokenomics design, sustained community reputation and growth, and resource 'mixing' could they seek tickets to CEX. Under heavy pressure, some projects would lie flat after TGE;
In the future, most projects will choose to continuously build during the DEX phase. On-chain DEX will undertake most market liquidity. Although on-chain prosperity may present a 'chaotic era,' high-quality project parties are more likely to 'rise from grassroots' without being buried under the discourse power of the old CEX system. It will gradually trend towards DEX dominance, with CEX existing only as a supplement for liquidity.
From entrepreneurs 'not speaking human language' -> founders 'joking and cursing'?
In the past, the market was highly competitive, with many projects, leading to a vast gap between top-tier and bottom-tier projects. Once the founders of top-tier projects achieved success, they began to focus on abstract pursuits, engaging in charity, doing public welfare, and becoming very halal;
In the future, project parties will not blend with the community or always be focused on frontline products; it will be difficult for the market and ecosystem to emerge. The new market operational rules will force founders to be at the forefront 'joking and cursing.' Although this may lead to skepticism, a 'real' Dev image is always better than a lofty 'entrepreneur'? At least from the perspective of retail investors.
Note: The above transformation reshuffle is not absolute, nor will it happen overnight. It is more likely to give rise to a mixture of various models, and in the early stages, it is highly probable that problems will arise, but in any case, it is a glimmer of hope for breaking through the current rigid system.