Wu Talks about Blockchain | Editor

This interview explored in depth the investment trends, market status and future opportunities of AI Agent projects. Analyst defioasis shared his investment experience in on-chain assets, memecoin and AI-related projects, including the rise of key projects (such as GOAT, WorldCoin, Turbo, Pippin, etc.) and the market logic behind them.

This interview delves into the recent trends, market conditions, and future prospects of AI Agent projects. Analyst defioasis shares his experience investing in on-chain assets, memecoin, and AI-related projects, including the rise of key projects (GOAT, WorldCoin, Turbo, Pippin, etc.) and the market logic behind them. He also discusses investment methodology, strategies for managing positions, signs of cooling in market bubbles, and the importance of industry trend changes and project narratives.

Please note: The views of the guests do not represent the views of Wu Shuo. Wu Shuo does not endorse any products or tokens. Readers are requested to strictly abide by local laws and regulations.

Audio transcription is done by GPT and may contain errors. Please listen to the full podcast:

Microcosm:

https://www.xiaoyuzhoufm.com/episodes/67a07ca7247d51713c6574ae

YouTube：

https://youtu.be/M5Zi2VkMf-M

Please briefly introduce yourself and review when you started researching AI Agents, when did you start investing in it, and what is your overall return rate so far?

defioasis: Hello everyone, I am defioasis. I am usually interested in on-chain data, on-chain assets and the derived gameplay. Since last year, my main focus has been on playing with things on the chain.

In fact, the research on AI Agents also originated from the mining on the chain. I have been observing the assets on the chain for the past year, but I am not so good at pure Memecoin. I mainly watched it more, and I couldn’t convince myself to play with it with big funds.

The turning point was mainly in late October and early November last year, when GOAT soared to a market value of several hundred million US dollars in a short period of time and Binance launched GOAT futures, which made me rethink this track. Of course, before talking about it, I still want to talk about some AI-related things before GOAT. Before GOAT, there were two relatively large events. One was WorldCoin. Because the co-founder was Sam, the founder of OpenAI, WLD was hyped as OpenAI's meme in Crypto, and FDV once exceeded 100 billion US dollars; the second was Turbo, which claimed to be an AI meme created by GPT. It was also a target that rose 200-300 times in CEX last year. So these two things show that everyone is still very interested in the theme of AI+Crypto and it is worth hyping.

Back to the end of October last year, after GOAT was listed on Binance futures, I immediately thought of WorldCoin and Turbo, and Binance had the ability to lead the track. At that time, there were 4 assets that I thought were very eye-catching, two of which were AI-related, one was ai16z, and the other was ACT; the other two non-AI-related were LUCE and BAN. Now, ai16z seems to be much more powerful than ACT, but the situation at that time was that the founder of ai16z, Shaw, was only nobody, and ai16z was launched with daosfun, and there were some problems with the minting of token contracts, and the volatility was particularly large at that time because the pool was very small. I built a position in ai16z at a market value of 25 million US dollars, which cost about 3,000 US dollars, but the pool was very small at that time. Fud once fell below the market value of 10 million US dollars, and I didn't dare to increase my position. So I finally chose ACT, which is more stable and has a larger number of holders. ACT can be regarded as my first operation in AI investment. The first transaction was to buy the first 3,000 US dollars of ACT on November 5th. Later, I found that it was available on Bitget, and I also bought more than 10,000 US dollars of ACT at a market value of 22 million US dollars and an average price of 0.022 US dollars. But at that time, I didn’t expect that the position was not enough after buying it one after another, and then it was listed on Binance unexpectedly. I remember that I was still attending a conference in Bangkok at that time, and I was actually quite shocked. After listing on Binance, the highest market value reached 700-800 million US dollars, but I actually sold most of it at 500 million US dollars the next morning after the Binance news, and the rest has not been sold until now.

Later, I also observed that AI Agents is the only track that has gone from a