What is the main theme of this round of crypto bull market?

Author: Lao Bai Source: X, @Wuhuoqiu

I feel that the new main line of this round has begun to become clear, namely

• PayFI

• AI Agent

• Meme

It just so happens that the last round also had three main lines: Defi, NFT, X2Earn

Briefly explain why it is these three

The biggest theme of this round should be what Trump said in his victory speech yesterday, "Common Sense - Common Sense", or Anti-narrative, the market is against To VC, To Exchange, just narrative, just focus on technology / Infrastructure projects are starting to feel disgusting, and projects must return to common sense - what you make really needs to be used and paid for (at least people can buy monkeys and punks as NFT avatars to show off, right?)

In the past two years, a bunch of decentralized computing power/model training/inference projects have emerged. If you are a serious AI startup, would you really give up using Hugging Face, not buying cloud computing power from AWS or Azure, and use Web3's "decentralized" computing power/model/inference platform? Ask yourself, does this conform to common sense?

Let me talk about why I think the following three lines make sense at present

1. Payfi - connecting to the real world

In the past two months, the primary market has seen + talked about the most intensive track. It feels that many new + old dormant / slowly developing Payfi projects have jumped out. Stripe's acquisition of Bridge for US$11.1 billion should be seen as a landmark event

What you may not pay much attention to or don’t know is

• PayPal’s issuance of PYUSD has exceeded 500 million (it reached 1 billion some time ago)

• Osmosis, scrvUSD are both working on Debit Cards, and there are other Crypto Cards based on Ton or other chains On the way

• Some are cooperating with Visa/Master to engage in supply chain finance or accelerate settlement

• Some are directly negotiating with banks to bypass Visa/Master settlement

• Some are based on the Solana Pay framework to provide merchants with Crypto Native Payment+Defi Yield POS systems without affecting traditional VISA/Master card swiping

• Some are directly doing P2P OTC deposits and withdrawals through the chain + ZKTLS

• Some even move the main logic of the bank to the chain, directly NFT login + KYC, provide on-chain bank + traditional bank binding, which can transfer + deposit and withdraw, swipe Crypto Card, and even directly Swift to traditional bank accounts

2. Ai Agent - Enhanced Chain World

In the past year or so, we talked about three-digit AI projects, but basically did not make any moves, because it felt that the combination was a bit stiff, even for those leading and so-called king projects. You can see that when V God was interviewed about the combination of AI X Crypto last year, he was actually asked this question, and his answer was basically around AI helping Crypto rather than the other way around. But if the currency circle wants to dream, Crypto "must" help AI. So we have the three tracks of the so-called "model assetization", "data assetization", and "computing power assetization" of the industry standard.

But to be honest, I have talked to many Web2 AI researchers and founders, and they look at our three tracks like they are watching a talk show

The one that impressed me the most was a discussion about a decentralized computing power project last year. The founder told us very "honestly" that when there is a relatively large or commercial demand for computing power, it will be directly handed over to their centralized computer room to run, and will not be handed over to retail GPU computing power, but it can be "packaged" at the front desk to give the feeling that retail computing power is also involved. I had a good impression of this founder, although I didn’t invest in the end

It wasn’t until the emergence of Goat this year that it really caught my eye

This is not AI Help Crypto, nor is it Crypto Helps AI

This is something new that is the result of the combination of true AI and Crypto

• AI Agent issues assets

• AI Agent ShitPost shouts orders

• AI Agents form DAO

• AI Agents are responsible for the operation and trading of a fund

• AI Agents’ own culture

• AI Agents Own religion

This is something that Web2 AI cannot do, and Web3 pure Crypto cannot complete it independently

This is the way that I personally think best reflects the combination of AI X Crypto at the current level of AI capabilities

Regarding this track, I recommend two articles

https://x.com/0xNought/status/1851283278164345297

https://x.com/starzqeth/status/1853597036421259728

Then the wizard @0xcryptowizard also posted a lot of things about this track, you can check out his Twi

3. Meme - On-chain casino, no more pretending

Pump.Fun has put on the table what many people were reluctant to admit, or could not say because of "political correctness".

Our circle is a big gambling house

But in fact, there is no problem. We can finally face the fact that one of the biggest functions of Cypto is for PVP. That’s OK

The problem is, it can’t only be PvP

Just like Mr. Du @DujunX said, "If meme and tap2earn are the future of the industry, then this industry can die, fuck!"

So Meme and PVP will become an eternal track in our circle. When there are more exciting, more popular and more meaningful tracks and technologies, Meme The track accounts for a smaller proportion and is more low-key. When the industry lacks direction and makes people bored and disappointed, the Meme track jumps to the foreground and becomes more active and accounts for a larger proportion.

Meme may be the "little bell" track for multiple rounds of bull and bear markets in the future - It has been, and will be always there……

This is just one person's opinion, for reference and entertainment only, NFA :)