It’s Sunday.
$5Bn was added to the crypto AI Agent market cap this week.
At the same time, this sector saw peak FUD.
Some thoughts:
Teams Are Cooking.
As I type this, I’m in the midst of reviewing the @solana@sendaifun Agent Hackathon submissions.
The stuff some of these guys are building will be game-changing (if they execute).
During FUD, it’s important to put your head down & study.
Observe the devs, meet the teams.
See for yourself if it’s all bullsh*t or not.
Thats where the alpha is.
The Market is Impatient.
Crypto is the only place you can go from $100 to $100K in < week.
It can truly be a crazily rewarding place.
but it’s a double-edged sword.
People start expecting quick wins with everything & instantly dump if it doesn’t 10X in an hour.
This is the stage crypto AI is entering.
@virtuals_io & @ai16zdao pumped to $5B+ & $2B+ respectively this week,
signalling to the wider market that this “meta” is here to stay.
It also meant a lot of sidelined capital felt fomo.
which led to a mixture of fud (“these are just GPT wrappers!”)
& blind apeing into any project with “AI” in its name.
as a result,
I expect to see a brief cool down period & release of some new, novel features before the next leg up.
Until then, degens will PvP.
There’s an Opportunity for AI DAOs.
DAOs are hot.
Potentially too hot.
Personally, I’ve loved seeing the energy out of @daosdotfun@daosdotworld
the experimentation of the leading DAOs has been impressive.
However I think there’s a unique opportunity for a DAO that combines a unique team of humans with a collection of agents.
I think we’ll see more experiments in this direction soon.
Final Thoughts
Overall I remain hugely optimistic about the space.
In fact, the FUD (& the amount of engagement that FUD received)
has convinced me we’re on to something here.
Onwards.
Agent Engines.
Have you noticed something?
A number of AI-enabled apps have sprung up
which allow you to execute actions onchain
simply by typing a request.
e.g. “please transfer 2 ETH to solana, buy SOL & stake it”
The app simply
1. listens.
2. executes the command
You don’t need to do anything else.
Leading examples are @AIWayfinder@griffaindotcom@0xzerebro (Blorm)
It saves a ton of time,
solves an education gap (not everyone knows how to bridge),
& 10Xs the current blockchain user-experience.
But that’s not even the most exciting part.
I believe the next evolution of agents = Agents + DeFi (trade, invest etc)
These Agent Engines are a perfect execution layer for these agents to transact on.
Integrate into platforms like @ai16zdao@virtuals_io (as a plugin)
All agents by default are able to autonomously perform DeFi actions.
Asian countries eat a lot of rice & noodles, but don’t gain weight.
Americans & Europeans eat the same thing and tend to get fat.
Why is this?
I’ll explain.
THREAD
Stake For Governance is now live for W token holders!
This is your opportunity to participate in the governance and impact the future direction of the Wormhole DAO and platform.
Get started now at the @tallyxyz Governance Portal: https://t.co/U8QJdt84YX