Since the birth of the self-encryption field, although market cycles and hot narratives have constantly evolved, there has been one core idea that remains unchanged: the decentralized fundraising model. From Bitcoin's mining mechanism to Ethereum's ICO and then to DeFi's liquidity mining, we are now entering the era of AI Agents, exploring various forms of how to issue assets in a community-oriented way.
This model has its pros and cons. On one hand, most projects may eventually fail, but on the other hand, the few successful projects that survive in fierce competition often become the most representative achievements in the crypto field during each cycle. For example, projects like BTC, ETH, UNI, and AAVE are classic cases that have emerged from past cycles.
Today, with the arrival of the AI Agent era, although most projects may be eliminated, those high-quality projects that can withstand market tests are likely to become the most iconic achievements of this cycle.
