AI代理：從「資產發行」敘事到「鏈化」整合階段

e覺得這一輪AI特工的敘事推進與過去23年的銘文軌跡非常相似。比較起來不完全一樣，但也有道理。我想至少我們可以把銘文賽道的歷史經驗複製到AI Agent賽道上，整理出一些潛在的發展演化邏輯和投資機會：

The narrative advancement of AI Agent in this round is indeed very similar to the inscription track in the past 23 years, and it makes sense to copy the historical experience of the inscription track to the AI Agent track and sort out some potential development and evolution logic and investment opportunities.

本輪AI Agent的敘事進展確實與過去23年的銘文賽道非常相似，將銘文賽道的歷史經驗複製到AI Agent賽道並梳​​理一些潛在的發展和進化邏輯是有意義的和投資機會。

The beginning of the bubble of the “asset issuance” narrative

「資產發行」敘事泡沫的開始

There is no doubt that whether it is inscriptions, AI Agents, or the previous NFTs, the narrative evolution is born from the Fomo sentiment of "asset issuance". After all, it is too early and no one can figure out what the future use of such tokens that are quickly circulated in the market will be, but perhaps because of this, information asymmetry will produce a potential "get rich quick effect". This will push the Fomo sentiment to spread like a snowball, resulting in a "bubble" situation where more people look for the code of wealth and more meaningless tokens are born. This is actually difficult to avoid, but it is the engine for the emergence of rounds of bull markets.

毫無疑問，無論是銘文、AI代理，或是先前的NFT，敘事進化都是從「資產發行」的Fomo情緒中誕生的。畢竟現在還為時過早，沒人能弄清楚這種在市場上快速流通的代幣未來的用途會是什麼，但或許正因為如此，資訊不對稱會產生潛在的「快速致富效應」。這將推動 Fomo 情緒像滾雪球一樣蔓延，導致更多人尋找財富代碼、誕生更多無意義代幣的「泡沫」局面。這其實很難避免，但卻是多輪多頭出現的引擎。

For example, the inscription track initially hyped BRC20. In addition to being novel and fun, the core selling point was the "first is first" scarcity hype attribute, and the main logic was the first-mover advantage of the narrative creators who competed for the first and second dragons. AI Agent is no exception. At the beginning, AI interactive dialogue AI Agent was hyped. Goat, act, fartcoin and other coins with the same MEME attributes also appeared. The script was similar. The MEME war around the first and second dragons lasted for a long time, and it is still unknown whether it has settled.

例如銘文賽道最初炒作的BRC20。除了新奇好玩之外，核心賣點是「第一就是第一」的稀缺炒作屬性，主要邏輯是爭奪第一龍和第二龍的敘事創作者的先發優勢。人工智慧代理也不例外。一開始，AI互動對話AI Agent被炒作。山羊、Act、Fartcoin等具有相同MEME屬性的幣也出現了。劇本是相似的。圍繞第一龍和第二龍的MEME戰爭持續了很長一段時間，目前是否平息仍是未知數。

Of course, AI Agent’s asset issuance narrative is much stronger than inscriptions, and at least has some utlity application attributes. The only question is how to enrich application scenarios such as dialogue interaction, image and text generation, and on-chain transactions, and whether a single application scenario can support hundreds of millions of FDVs.

當然，AI Agent的資產發行敘事性比銘文強很多，至少具備一些實用性應用屬性。唯一的問題是如何豐富對話互動、圖文產生、鏈上交易等應用場景，以及單一應用場景能否支撐上億的FDV。

But I would like to remind you that AI Agent naturally has application attributes, so the process of track application maturity is also a process of continuously stripping away MEME. If you have to choose MEME, find the source that best represents the cultural attribution of AI Agent.

但我想提醒大家的是，AI Agent天然具有應用屬性，因此追蹤應用程式成熟度的過程也是一個不斷剝離MEME的過程。如果一定要選擇MEME，那就找到最能代表AI Agent文化屬性的來源。

"Framework Standards" compete for internal competition

「框架標準」爭奪內部競爭

When the MEME-based pure financial nihilism "asset issuance" narrative is deduced to a certain stage, it will inevitably transform into a technology-enabled implementation narrative, and a longer-term round of competition will unfold around the differences in technical standards and framework agreements.

當以MEME為基礎的純金融虛無主義「資產發行」敘事推演到某個階段時，必然會轉化為技術賦能的實現敘事，並圍繞技術標準和框架的差異展開更長期的一輪競爭協議。

Looking back at the emergence of ARC20, SRC20, DRC20, Runes protocol and other public chain inscription burning stress testing wars, isn’t it very similar to the current framework and standard melee between ELIZA, ARC, Virtual, Vvaifu, zerobro, Griffain, Swarms, etc.?

回顧ARC20、SRC20、DRC20、Runes協議等公鏈銘文燃燒壓力測試大戰的出現，是不是很像現在ELIZA、ARC、Virtual、Vvaifu、zerobro、Griffain之間的框架和標準混戰，蜂群等？

During this process, the hot spots of the track will continue to be refreshed, the same funds will continue to rotate, communities around the technology will also be formed, and even some confrontations and verbal battles are inevitable.

在這個過程中，賽道的熱點會不斷刷新，同樣的資金會不斷輪換，圍繞技術的社群也會形成，甚至不可避免地會出現一些對抗和口水戰。

The so-called technical melee exists mainly because it is difficult for technology to prove its own superiority at this stage. Relying on information such as the number of Github repo forks, the number of stars, the background of the initiator, and the mysterious dealers as references cannot resist the huge fluctuations of the project. Because you don’t know which information is mixed with water.

所謂技術混戰的存在，主要是因為現階段技術很難證明自己的優越性。依靠Github repo分叉數量、star數量、發起人背景、神秘經銷商等資訊作為參考，無法抵禦專案的巨大波動。因為你不知道哪些資訊與水混合在一起。

However, since the standards of technical excellence are involuted, the quality of technology must take the "first place". In the process of sorting out and analyzing the technical framework, characteristics and advantages of new projects, it is also a kind of "technical screening". Although it may not be accurate, it can at least avoid being misled by some MEME coins dressed in technical clothes. The logic is simple. The threshold for technical project fraud is not low. What needs to be challenged is the aesthetic preferences of the entire developer group. You can't try to harvest with a fancy website.

但由於涉及到技術卓越的標準，因此技術品質必須放在「第一位」。在對新專案的技術架構、特點和優勢進行梳理和分析的過程中，也是一種「技術篩選」。雖然不一定準確，但至少可以避免被一些披著技術外衣的MEME幣誤導。邏輯很簡單。技術項目造假的門檻並不低。需要挑戰的是整個開發者群體的美感偏好。你不能嘗試透過一個精美的網站來收穫。

In general, the market at this stage is characterized by "hot spot rotation", which is mixed with various fraudulent projects, but fortunately, projects that can attract attention by selling technical quality are generally not bad. Of course, don't FOMO for missing a new project, FUD will definitely happen (the fate of fast pass), and there will definitely be opportunities to get on board during the huge fluctuations. Even if you miss it, you must believe that there will definitely be a better one than it. At this stage, it is definitely right to play with coins with a scumbag's thinking.

總的來說，現階段的市場特點是“熱點輪換”，其中夾雜著各種造假項目，但好在能靠賣技術品質吸引關注的項目一般都不錯。當然，不要因為錯過新專案而FOMO，FUD肯定會發生（快通的命運），在巨大的波動中肯定會有機會上船。即使錯過了，也要相信一定會有比它更好的。現階段，用渣男的思維去玩幣，絕對是對的。

There is no way. No matter how perfect the framework standard design is, it is just an idea at the beginning, which is no different from relying on white papers for financing in the ICO era. The best logic is

沒有辦法。無論框架標準設計多麼完美，一開始也只是一個想法，這和ICO時代依賴白皮書融資沒有什麼不同。最好的邏輯是