Author: NingNing
Summarizing my 24 years of investment experience, it is to copy Dalio's all-weather investment law to diversify the investment portfolio and bet on each cycle (intra-year seasonal cycle, 4-year bull and 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 Alpha assets in the Beta track and Beta assets in the Alpha track.
So, now the Alpha assets in my investment portfolio are mainly Account Abstraction, AI Agent, and PayFi projects. The addition of these assets has helped my portfolio's overall return easily outperform the market in December. When rebalancing the portfolio to capture the Alpha returns in Q1 of 25, I suddenly realized that my Alpha asset allocation logic is relatively single, simply revolving around the logic of "disruptive innovation" based on technology.
Especially recently, after hearing MegaETH's co-founder's remarks about community Vibe in Space, I lay in bed at night and reflected on it.
In the field of crypto investment, there are actually two investment logics, one is the so-called technological determinism, and the other is the community is king.
Usually, as a non-hypothetical rational person, I generally regard community Vibe, Cult culture and the like as noise created by scammers and fools for common interests, and I don't care much about them.
But recently, due to my optimism about the consumer chain Abstract in the Account Abstraction track, I bought the Penguin NFT, which allowed me to experience the community Vibe as a stakeholder rather than an observer for the first time. This experience gave me a sense of social belonging and community acceptance that I haven't felt in a long time, and with the inspiration of the co-founder's views, I began to try to break through 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, and its positioning is the Web3 TikTok Chain, targeting the millions of Gen Z gaming consumers on TikTok.
Previously, I wrote a long Twitter thread (see retweet) about Sonic, and during the writing, the "split plate" theory of the host was constantly in my mind. To be honest, at the time I was not aware of the real value of the narratives of consumer chains/community Vibe, and from a technical perspective, although Sonic's HyperGrid makes sense, it is far less sexy than new L2 technology primitives like Preconf, Based Rollup, and parallel EVM.
But half a year later, when comparing the operational status and community maturity of Sonic SVM with those L2s with sexy technical primitives, you will find the huge gap between building for consumers and abstracting for Web3 Mass adoption in terms of products and results.
The current Sonic SVM is building a TikTok App Layer - SonicX, which will airdrop its native token $SONIC to all users registered through TikTok. Relying on Account Abstraction, TikTok users do not need to set up a separate Web3 wallet, but can directly experience on-chain interaction within the application and complete the airdrop on the TikTok side.
SonicX has attracted over 2 million users to participate in games, challenges and live broadcasts within the app through TikTok premium advertising and creator collaboration, 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 users who meet the conditions 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 of ChillGuy has shown us the monetization potential of TikTok users. We don't seem to have to worry about the mess like Telegram mini-programs, where we just end up exchanging precious crypto market liquidity for a bunch of low-value trash users.
When I worked at a small crypto fund in 23, a senior told me that one of the main lines of value investing is "go to big market". After completing the 0-1 innovation, the one who can better occupy a larger market through rapid replication and strengthening the growth flywheel will be the ultimate winner. And now that even vitalik thinks the blockchain infra is oversupplied, the one who can reach the consumer faster and occupy more consumer mindshare will be the Web3 Infra of the next era.