In April 2024, we established the UXUY Asia AI R&D Center in Hong Kong. At the same time, Worldcoin, a Crypto project created by Sam Altman, CEO of Open AI and a giant in the AI field, achieved a breakthrough, and the number of World APP users officially exceeded 10 million, and all this was only 263 days after the APP cap.
For all Web3 practitioners, such a report card is impressive enough. The giants in the AI world are carrying out a dimensionality reduction attack on the crypto industry through the "wave of universal AI". Looking back at the industry, cross-border AI has become a new paradigm in the crypto industry. Some time ago, UXUY participated in the sixth incubation camp of Binance Labs, and a quarter of the projects are already in the AI-driven field.
Obviously, Binance has keenly sensed the coming of the AI trend and invested in it. For all of us Web3 entrepreneurs, we must catch up, take up the weapon of AI, and become Crypto × AI field Builders. We have no choice but to go All In AI .
On the day when the UXUY Asia AI R&D Center was announced, countless Web3 and AI practitioners sent me congratulations, congratulating UXUY for taking another big step forward. The narrative of Crypto × AI will become the main theme of the market in the next decade or even decades. I am very sure of this, just like I resolutely left East Fortune more than a decade ago and plunged into a new blue ocean.
With the spiral rise of the two twin stars of Crypto and AI, there will inevitably be the birth of highly innovative and creative projects or companies. UXUY is very happy to see these and establish cooperation with them. Below I will tell you why I am so sure about the AI track, why the combination of Crypto × AI track will produce the effect of 1 + 1 > 2, and what UXUY is doing in the field of AI.
Obviously, the AI track is a definite trend, and only products that follow the trend can better gain market share and users.
Five years ago, I chose to enter Web3 from the then less popular wallet track and started my entrepreneurial journey. At that time, CEX was still the world. Due to the high on-chain gas fees and obscure seed phrase, users naturally flowed to CEX. But I clearly realized that wallets will be the ultimate traffic entrance for Web3 and will inevitably carry the most traffic in the Web3 world. To participate in the asset issuance of the Web3 primary market, explore the transformation of the asset issuance paradigm, and obtain 100x opportunities, wallets are an indispensable tool.
As the users of Crypto industry gradually mature, giants like Binance and OKX have begun to turn around and actively deploy their own Web3 wallets. Traditional world giants such as Telegram have also begun to build built-in wallets and ecosystems.
The development of an industry often goes through a process of "from little to much". In the early days of Web2, the noodle shop near my home only accepted cash payments. A few days ago, I went there again and found that it has become a veritable "Internet enterprise", with online ordering, home delivery, and online payment. The boss and the Internet celebrities who came to the store discussed the next marketing plan...
Obviously, AI is only a game for a few companies or a few people at present, and people still have only a limited understanding of AI, but the deterministic trend of AI has already taken shape . I firmly believe that in the future, the streets will be full of "AI companies" and everyone will talk about "AIGC", including that humble noodle shop.
The track of Crypto × AI is exciting enough to make me excited, because they essentially solve the dilemma of Web3 reinventing the wheel. The essence of Crypto is the change of production relations. You only need to have certain programming skills to issue your own tokens, and you can create your own Web3 company by empowering the tokens through on-chain nodes, without spending huge amounts of money to build factories or purchase machinery. The production relations have been changed. The emergence of AI has completely solved the problem of productivity. The production relations (Web3) and productivity (AI) will completely change the dilemma of Web2 practitioners in Web3 reconstruction projects and substantially promote social progress.
Class mobility at the social level has long been the driving force behind technological change. Each round of industrial revolution is a reshuffle of social wealth. Countless "New Money" has promoted the progress of social civilization in the process of pursuing greed with innovation and opportunities. The "Old Money" that was originally active at the table has gradually retreated behind the scenes to set up family funds or has lost its position due to betting on the wrong horse.
Just like the "electrification" of the second industrial revolution replaced "mechanization", and the "automation" of the third industrial revolution replaced "electrification". However, this round of "intelligentization" seems to be a little different. The centralized Web2 has a natural monopoly advantage in the field of AI. Whether it is data, capital or computing power, it has already built a towering wall of defense.
They are putting all their resources into the development of AI models to produce the most general and powerful models. They will stifle competition and limit innovation. They will adopt a captive regulatory approach to consolidate their position as much as they can. They will make a very small number of people very rich and powerful. It is obvious that they will become our new overlords. In fact, this is happening. The production of AI GPUs is being monopolized by Nvidia. The giants control AI computing power, part of which is used for training new models and the other part is used for leasing. Highly centralized and monopolistic cloud platforms are firmly in control of computing power pricing.
Fortunately, we have Crypto!
Through the native incentive model of Crypto + decentralized on-chain mechanism, and the organic combination with AI, it is possible to solve this problem and create a benefit of 1 + 1 > 2. For example, users can earn points by leasing CPU and GPU computing power online, and vote and govern the company through the DAO governance model, or explore a wider range of DePIN businesses such as decentralized storage through token incentives.
I have repeatedly emphasized to the team that UXUY must build the Crypto × AI track, do its part for crypto equality , and make everyone on the planet a beneficiary, rather than turning it into a game for giants. Everyone who contributes to the cause of equality will be our object of study. I have paid attention to and participated in the crypto equality team very early. Last year, the Satoshi Nakamoto Award sponsored by UXUY sent the Person of the Year Edition to Sam Altman, the founder of WorldCoin. The project creates files for residents on the planet through unique iris scans and regularly issues them unconditional UBI income, thereby protecting the most basic rights of people. I deeply agree with this, and this has also deeply influenced the construction direction of UXUY in the field of Crypto × AI.
In " The promise and challenges of crypto + AI applications ", Vitalik divides the combination of artificial intelligence and blockchain into four categories:
- AI as a player in a game
- AI as an interface to the game
- AI as the rules of the game
- AI as the objective of the game
The current development of Crypto is in its early stages, and some basic problems need to be solved urgently: witch attacks, high energy consumption, malicious currency mixing products... UXUY takes "artificial intelligence as an application interface" as the entry point, creating the world's first multi-chain transaction ecological compliance and anti-sybil products based on artificial intelligence, and gradually allowing AI to empower Crypto starting from the construction of infrastructure .
The craze for on-chain interactions will prompt users to start migrating from CEX to DEX, and on-chain behaviors will become more common. The incremental assets brought by Crypto × AI will prompt traditional Web2 users to start flowing to Web3, and the logical closed loop of Crypto × AI two-way empowerment is taking shape... I firmly believe that driven by Crypto × AI equality, everyone on earth will be a beneficiary.
