Communities hide gold, crypto KOL’s 2024 investment experience summary

Here is the English translation of the text, with the specified terms retained and not translated: In summary, based on my 24 years of investment experience, it is to follow Dalio's all-weather investment strategy by diversifying my portfolio and betting on each cycle (annual seasonal cycle, 4-year bull-bear cycle, Gartner technology innovation cycle, Merrill Lynch clock cycle) that affects the crypto market, and to follow Taleb's barbell strategy, focusing on allocating to Alpha assets in the Beta track and Beta assets in the Alpha track. So, in my current portfolio, the Alpha assets are mainly projects in the areas of Account Abstraction, AI Agent, and PayFi. The addition of these assets has helped my portfolio achieve an overall return that easily outperformed the broader market in December. When rebalancing my portfolio at the end of the year to capture the Alpha returns in Q1 of 2025, I suddenly realized that my Alpha asset allocation logic was relatively simple, focusing solely on the logic of "disruptive innovation" in technology. Especially recently, after hearing MegaETH co-founder's remarks about community Vibe in Space, I reflected on this while lying in bed at night. In the crypto investment field, there are actually two investment logics - the so-called technological determinism and the community-centric approach. Usually, as a non-hypothetical rational person, I generally view community Vibe and cult culture as noise created by scammers and fools for mutual benefit, and I don't pay much attention to them. But recently, due to my optimism about the consumer chain Abstract in the Account Abstraction track, I acquired a Bored Ape NFT, which allowed me, for the first time, to experience the community Vibe as a participant rather than an observer. This experience gave me a sense of social belonging and community acceptance that I hadn't felt in a long time, and combined with the insights from the co-founder, I began to try to break out of my original cognitive cocoon and understand projects with strong community Vibe, such as Monad, Sonic SVM, MegaETH, and BeraChain. Sonic SVM is the first instance of Sonic's Solana L2 Stack architecture HyperGrid, positioned as the Web3 TikTok Chain, targeting the millions of Gen Z gaming consumers on TikTok. Previously, I wrote a long Twitter thread (see retweet) on Sonic, and during the writing, the concept of "split pool" from the pool owner was constantly on my mind. To be honest, at the time, I was not aware of the real value of the consumer chain/community Vibe narratives, and from a technical perspective, although Sonic's HyperGrid made sense, it was far less sexy than newer L2 technical primitives like Preconf, Based Rollup, and Parallel EVM. But half a year later, comparing the operational status and community maturity of Sonic SVM with those L2s with sexy technical primitives, you will find a huge gap in terms of product and results between building for consumers and abstracting towards Web3 mass adoption. The current Sonic SVM is building a TikTok App Layer - SonicX, which will airdrop its native token $SONIC to all users who complete registration through TikTok. Leveraging Account Abstraction, TikTok users can experience on-chain interactions directly within the app without setting up a separate Web3 wallet, and complete the airdrop on the TikTok side. SonicX, through high-level advertising on TikTok and creator collaborations, has already attracted over 2 million users to participate in games, challenges, and live streams within the app, creating a seamless experience similar to Web2. In addition, Sonic SVM plans to integrate more games on http://SonicX.app, gradually building the "TikTok Chain" ecosystem, and eligible users can receive token rewards during the airdrop period. TikTok has over 1.5 billion global users, Telegram has 900 million global users, but the lifetime value of TikTok users is far higher than Telegram. The recent crazy hype from ChillGuy has shown us the monetization potential of TikTok users. We don't seem to have to worry about the chaos like the Telegram mini-program before, where we just end up exchanging precious crypto market liquidity for a bunch of low-value trash users. When I was working at a small crypto fund in 2023, a senior told me that one of the main lines of value investing is "go to big market". After completing the 0-1 innovation, whoever can better occupy a larger market through rapid replication and strengthening the growth flywheel will be the ultimate winner. And now, when even Vitalik feels that the blockchain infra is oversupplied, whoever can reach the consumer faster, whoever can occupy more consumer mindshare, will be the Web3 Infra of the next era.