When a technological paradigm truly shifts, we often see the frenzy before the system. The same is true for the AI wave we are experiencing. As a primary investor, I firmly believe that betting on the deepest forces of change in an industry is far more valuable than chasing superficial narratives. Over the past year, I’ve reviewed countless projects—RWA, Consumer, InfoFi, and more—all exploring the intersection between the real world and on-chain systems. But the trend is becoming increasingl...

When a technological paradigm truly shifts, we often see the frenzy before the system. The same is true for the AI wave we are experiencing. As a primary investor, I firmly believe that betting on the deepest forces of change in an industry is far more valuable than chasing superficial narratives. Over the past year, I’ve reviewed countless projects—RWA, Consumer, InfoFi, and more—all exploring the intersection between the real world and on-chain systems. But the trend is becoming increasingl...

If the future Internet evolves into a marketplace where AI agents pay each other for services, then to some extent, cryptocurrencies will have achieved product-market fit on a mainstream scale—something we could previously only dream of. While I am confident that AI agents will pay for services, I remain skeptical about whether the bazaar model will prevail. By "bazaar," I refer to a decentralized, permissionless ecosystem composed of independently developed and loosely coordinated agents. Su...

If the future Internet evolves into a marketplace where AI agents pay each other for services, then to some extent, cryptocurrencies will have achieved product-market fit on a mainstream scale—something we could previously only dream of. While I am confident that AI agents will pay for services, I remain skeptical about whether the bazaar model will prevail. By "bazaar," I refer to a decentralized, permissionless ecosystem composed of independently developed and loosely coordinated agents. Su...