It's been a long time since I last wrote an article on xlog. During this time, my role has been changing, and I've been involved in some trading-related work, such as market making and liquidity provision. The tedious work has left me with little time to create content, perhaps because my mind lacks valuable ideas.
Recently, while browsing Twitter, I came across a new platform. After carefully exploring this platform, I decided to spend nearly a thousand yuan to become a member of this knowledge payment platform. I've read over a dozen research reports in the past few days and realized my understanding of this field is insufficient. I haven't delved deep into technological innovations or kept up with the latest trends, missing out on some opportunities, including the recent AI bubble. In my understanding, AI and crypto seem to be two unrelated fields with little intersection. However, the development of DePIN theoretically supports AI's advancement. For many startups in the AI industry, purchasing a large number of computing devices is a significant economic burden. Various DePIN projects can provide these devices at a lower cost and eliminate intermediaries, which is more prominent in the RWA field. However, due to the current level of Internet development and the financial nature of web3, RWA may not be widely applied in the short term.
Regarding DePIN, I learned from a friend in Filecoin that the storage on Filecoin is more expensive for decentralized storage than centralized storage. Why would one choose to spend a large amount of money on Filecoin for data storage? From my understanding of Filecoin, it is an off-chain transaction recorded on-chain, requiring buyers and sellers to maintain a balanced ecosystem. Since ordinary users won't spend a lot of money on decentralized storage, where are the buyers? That's right, AI. AI is a combination of data and computation, requiring significant data storage and computing power, giving DePIN a purpose.
The link to this research report is here, and I hope friends who want to enhance their understanding can check it out. In my opinion, membership is worth it.
https://research.web3caff.com/zh/archives/13798?ref=1339
Let's discuss some recent opportunities later. I consider myself a candlestick player, but I increasingly feel that various indicators may not tell the whole truth. I didn't invest in the recent popular AI tokens based on indicators. I hold some Theta, so I didn't completely miss out. I feel like I wasted money on TradingView Premium, turning off all indicators, giving up analysis, and clearing my mind. I recently heard an interesting description: in web2, it may be challenging to start a small company with 1 million, but in web3, it can create projects worth billions. Lei Jun once said that even a pig can fly with the wind at its back, so let go of biases and embrace the bubble.
Lastly, a few potentially hot tracks in the future include DePIN GameFi, not to mention AI. I also agree with the viewpoint that Moduler is the future, modularized DeFi is the future. Referring to aevo, it may be the most phenomenal project in 2024.
DYOR