Recently, I have invested some energy in the AI+DePIN track, and I have a feeling that this will be the main value narrative driving this round of bull market. Old DeFi protocols, NFTs, cutting-edge public chains, and many underlying technological innovations are all going forward. The direction of DePIN is moving closer. Next, I will share some of my thinking logic:
1) How to understand the concept of DePIN. To put it simply, the traditional CePIN servers, sensors, communication networks and other physical infrastructure networks need to rely on centralized computing cluster services such as AWS and Alibaba Cloud to operate. The investment cost is too high for many small and medium-sized enterprises. high.
DePIN uses blockchain Token incentives to allow some users with hardware devices to establish large-scale collaboration relationships with physical devices to form an infrastructure network with service capabilities, allowing some small and medium-sized enterprises to be accessible and cost-effective. ways to utilize network resources.
2) Some people say, isn’t this the “hardware equipment mining” narrative of the last bull market such as FileCoin, Chia, and Arweave? Yes, but not entirely. This round of bull market has added a new AI variable.
There is a demand for decentralized storage, but it is not a strong demand. It will be mixed with some pseudo demands, such as: data storage access. Although it can solve the storage demand, due to the unstable network distribution structure and node efficiency operation, some online Application scenarios with strong real-time requirements such as videos and games cannot be implemented.
After the introduction of AI scenarios, large AI model training will be a very rigid requirement. I consulted some small and medium-sized AI companies that do AI model training. The cost of server hardware configuration and configuration costs such as AWS is not friendly to small and medium-sized AI companies.
If DePIN can enable supply chain cloud services such as GPU or mobilize hardware equipment across the entire network to form an infrastructure network, there will be strong demand for large model training, distributed machine learning, data storage verification mining, distributed reasoning, and other directions. If this round of DePIN can take off, it will mainly be driven by the AI track. At the beginning of this process, there will be some projects that rely on a PPT narrative, but in the long run, the projects that can be implemented will not be too bad. .
3) There is a high probability that AI+DePIN will take over the role of the previous round of DeFi Summer and become the main value narrative of this round of bull market. This explains why MeMe will rise after BTC rises, but there is no movement in the old DeFi that everyone is looking forward to. Whether it is speculation in the new or old, or the excessive burden caused by the poor expectations of the last round of DeFi, the key There is still a lack of a narrative opportunity that can drive the mixed linkage of on-site and off-site funds.
There is no doubt that the last bull market NFT brought in traditional users and funds through the reshaping of the artists digital market. This bull market AI+DePIN may play a similar role.
Does this mean that old DeFi has no chance? No, in my opinion, this is exactly an opportunity to reshape and reshuffle traditional old DeFi:
1. In terms of public chains: the last round of DeFi was too trapped in the EVM environment. The narrative of EVM-Compatible has made the differences between chains smaller and smaller, and the possibility of linkage increasing, but they are all working on chain Infra. , when will the application ecology be launched?
Therefore, the first thing to do in this round of AI+DePIN is to de-EVM and let some high-performance chains take the lead, which in turn will spawn some killer applications, such as @solana, Sui, Aptos, etc. In particular, SOL itself is active with a unique group of developers. Whether this wave of AI+DePIN can take off directly determines SOLs mainstream status in this bull market.
Whether the slogan of impacting or surpassing Ethereum can be realized depends entirely on the implementation of the AI+DePin narrative on SOL. Recently, I came into contact with projects like @ionet_official. The valuation is already very high, but after experiencing it, I was a bit surprised. I feel that it will be a potential force to detonate DePIN;
2. DeFi protocol: A while ago, Vitalik talked about AI+blockchain, and the core actually guided an entrepreneurial direction: AI+intent DeFi transactions. Obviously, smart contracts can evolve into super smart contracts, lower user thresholds, and increase Including the needs of user interaction experience and reducing the wear and tear of users cross-chain transactions, this is the direction in which intent transactions really want to make efforts.
Therefore, it is critical that the old DeFI can quickly promote a series of upgrades such as the intent transaction model + wallet front end. If you stick to this direction, you can incorporate it into the main Shenglang narrative of AI+DePIN without falling behind; this type of DeFi innovative project has already Quite a few. As a reminder, the Intent-centric narrative is not over yet. There is only one project that can combine AI and actually be implemented.
3. Other underlying technology innovations: In fact, the current web3 innovation environment is already very mature, and the product power and innovation power of web2 have already penetrated. Because of this, a series of narratives such as modularization and chain abstraction have emerged, and these The narrative goals are to solve the problems of low inter-chain interaction efficiency and high collaboration cost existing in the web3 environment. The direction is very good, but due to the slow development of the old chain, these micro-innovations have no real potential.
Take ZK technology as an example. Everyone says that ZK is the end game, but now ZK only solves the problem of mutual trust between the main chain and the side chain. In fact, ZK can enable all EVM and non-EVM chains to realize mutual trust asset transfer. The real value discovery of ZK Still in the future. Recently, I have paid attention to a @ProjectZKM project. The bottom layer of ZK technology realizes multi-chain interoperability. Coupled with its hardware acceleration and other DePIN designs, it is also likely to find a key position in the new wave of DePIN narrative.
above.
Note: I briefly elaborated on a few thinking logics that I think AI+DePIN has great potential. They may not all be correct, but I am reasoning more based on the thinking of value investment research and industry maturity and evolution trends, and have not added secondary market speculation. The emotional components of FOMO. The above content is for reference only. You are also welcome to contribute and learn together.
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