Yuyue

Yuyue

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Angel Investor | AI 合约PVP指路 #OKX https://t.co/SxpD2vvLBV #BP 🎒 https://t.co/vKVtjC9WLQ

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I'm into AI too, but to use a more down-to-earth example, the capital market stories of companies like Zhipu and MiniMax in the AI sector are like the difference between Liu Yifei and a country bumpkin. The country bumpkin might be a good woman, but who isn't captivated by Liu Yifei? The current state of the crypto is truly discouraging; all we can do is wait, wait for liquidity to return. It's like having to sit at a children's table when we go back to our village for meals this year.

如今人们对币圈的悲观从下至上，充斥在每一个环节，更有着其他资本市场发生的更性感的故事冲击刚才才发现当初买了将近一万 u 的 espresso NFT 领空投还需要注册。权益类 NFT 不给你领取权益的机会，即便真的拿到也是反撸，好歹给人一个领取权益的机会呢？不给

The current pessimism surrounding the crypto permeates every aspect, from the bottom up, and is further fueled by the more compelling stories unfolding in other capital markets. I just realized that I bought nearly 10,000 USDT worth of Espresso NFTs, and to claim the airdrop, I still need to register. Equity-based NFTs don't give you the opportunity to claim your rights; even if you do, it's like getting a scam. At least give people a chance to claim their rights! New projects are becoming increasingly scarce. This year, the only new projects I've seen are Perpdex and prediction markets. Participating in new projects is pointless; it's better to just wait for alpha and gamble. Valuation anchors based on initial offering price drops, fundamentals, and funding amounts—indicators that used to judge new coins—have all failed. Talent is fleeing to AI. Those who haven't yet fled to the AI industry are probably anxious right now. The dissatisfaction and suspicion towards exchanges are rampant. Without industry leaders guiding new directions, people firmly believe that FUD (Fear, Uncertainty, and Doubt) comes from trolls and haters. They talk about industry progress, but what they're really doing is... well, you know. Comparing it to other companies' "horses" (like Pony Ma of GLM), I genuinely feel anxious and powerless.

Sharing some recent anxieties: As someone with a business background from a top-tier university (985), entering the crypto industry has made me quite satisfied with my current situation, but I've also fallen into a kind of "path dependency." Crypto experience feels like a specialized skill, difficult to transfer to other tech fields. Faced with the explosion of AI and Robotics, my biggest dilemma isn't whether I can get in, but whether it's worth it. Taking a regular job, given my current situation, seems uninteresting, but not getting involved risks missing out on the biggest technological dividend of this generation. This sense of crisis—fearing being left behind on the eve of the AI singularity—far surpasses the anxiety caused by asset fluctuations and market downturns.

Aztec was listed on BN pre-market this afternoon. Looking at the project, it's a privacy-first Layer 2 network led by a16z, with a total funding of $119.1M. It's a top-tier privacy project I've known since I got into the crypto space. Posting it now is definitely a challenge 😂. It's the privacy sovereignty engine of the Ethereum ecosystem, and it's not limited to privacy; it has already penetrated traditional finance and RWA fields. Its technical strength has been validated and adopted by large institutions such as JPMorgan Chase and Taurus. Hopefully, this newly emerged privacy king will provide some room for secondary market speculation. Currently, the contract holdings are too small; I'll wait until the market stabilizes or it officially launches in a couple of days before making a move.

Two years ago today, I wrote in my diary: "Assets not needed for sale: BTC: Nodemonke SOL: Madlads" Now, indeed, there's no need to sell anymore, because nobody's buying. The former BTC ecosystem, inscriptions, and small images. Tears of an era.

I saw @xiaomucrypto's post about FTX in the group, and after thinking about it carefully, it seems to make sense. If FTX were the largest external shareholder, aligning interests, imagine all the currently trending AI technologies being related to crypto. The aversion of outside capital and individuals to the crypto might not have been so strong. They might not be completely excluding the crypto now. Now that there's no vested interest, there's no need to involve the crypto. Some top-tier projects even separate stocks from coins; cryptocurrencies have now become mere tools for outside capital. If Binance had actually acquired FTX's shares, wouldn't that have meant Chinese people indirectly got a piece of the AI pie? It even makes me fantasize about the grandeur of parallel universes... A member in the group said, "Now, AI in Europe and America is almost entirely dominated by Chinese. Global AI is now a battle between Chinese people in China and overseas Chinese. However, most of them are just laborers; how many actually participate in wealth distribution?"

As a child, I loved reading self-help and business-themed WeChat public accounts, and I often shared them with DaMiao. Until DaMiao told me: selling courses to those who want to succeed makes it easier to succeed; telling stories to deceive franchisees makes it easier to succeed than participating in the franchise itself. Gradually, I realized that their so-called one-person companies were all teaching people how to become bloggers and build accounts—essentially, IP incubation. After demystifying it, I discovered that the only thing bloggers who wrote public accounts to sell courses could actually do was sell courses. In an economic downturn, selling courses and self-improvement are just ways people seek solace from their own helplessness; they're not much different from fortune-telling or self-help.

When the market is good, I'd throw everything in. When the market's bad, I'm all in, and I'm starting to get scared. Yueya_eth and I both had 100% allocated, totaling $500,000. The project team is offering a four-day reversal opportunity to consider a refund. 25% of the $2 million raised is definitely a bit over the top. Honestly, a $400 million valuation, compared to other high-expectation projects like Zama, is absolutely inflated and unlikely to be profitable. However, considering the sector, the background, and the participation of high-profile figures like Primitive, we're not so keen on giving up. Personally, I think the project team lowering the valuation to $50-$100 million would be much better than the current refund offer. Lowering the valuation doesn't lower expectations; it actually demonstrates a broader perspective. Releasing it when the market recovers will likely yield greater returns. I hope the @openmind_agi team will also consider this carefully and handle this issue with caution.

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