AI+DePIN: Is Shenglang the main value narrative in this bull market?

Recently, I have invested some energy in the AI ​​DePIN track. I have a feeling that this will be the main value narrative driving this round of bull market. Old DeFi protocols, NFTs, cutting-edge public chains, and many underlying technological innovations are all Moving closer to DePIN, next, I will share some of my thinking logic:

1) How to understand the concept of DePIN. Simply put, the traditional CePIN server, sensor, communication network and other physical facility networks must operate You need to rely on centralized computing cluster services such as AWS and Alibaba Cloud, which is too expensive for many small and medium-sized enterprises.

DePIN uses blockchain Token incentives to allow some users with "hardware equipment" to establish large-scale collaboration relationships with physical equipment and form an infrastructure network with service capabilities, allowing some small and medium-sized enterprises to Access and affordably utilize network resources.

2) Some people say, isn’t this the “hardware equipment mining” narrative of the last bull market such as FileCoin, Chia, and Arweave? Yes, but not entirely. This round of bull market has added a new "AI" variable.

There is a demand for decentralized storage, but it is not a strong demand. It will be mixed with some pseudo demands, such as: data storage access. Although storage needs can be solved, the network distribution depends on the structure and node efficiency. Unstable, resulting in the failure of some application scenarios with strong real-time requirements such as online videos and games.

After the AI ​​scenario is introduced, AI large model training will be a very rigid demand. I consulted some small and medium-sized AI companies that do AI model training. Regarding the hardware cost and configuration cost of servers like AWS, Small AI companies are not friendly.

If DePIN can enable supply chain cloud services such as GPU or mobilize hardware equipment across the entire network to form an infrastructure network, large model training, distributed machine learning, data storage verification mining, distributed reasoning, etc. Both directions will generate strong demand. If this round of DePIN can take off, it will mainly be driven by the AI ​​​​track. At the beginning of this process, there will be some projects that rely on a PPT narrative, but in the long run, the projects that can be implemented will not be too bad. .

3) There is a high probability that AI DePIN will take over the role of the previous round of DeFi Summer and become the main value narrative of this round of bull market. This explains why MeMe will rise after BTC rises, but there is no movement in the old DeFi that everyone is looking forward to. Whether it is speculation in the new or old, or the excessive burden caused by the poor expectations of the last round of DeFi, the key There is still a lack of a narrative opportunity that can drive the mixed linkage of on-site and off-site funds.

There is no doubt that the last bull market NFT brought in traditional users and funds through the reshaping of the artist’s digital market. This bull market AI DePIN may play a similar role.

Does this mean that old DeFi has no chance? No, in my opinion, this is exactly an opportunity to reshape the traditional old DeFi:

1. Public chain: The last round of DeFi was too trapped in the EVM environment, and EVM-Compatible Narrative makes the differences between chains smaller and smaller, and the possibility of linkage becomes larger and larger. However, as everyone is working on chain Infra, when will the application ecology be launched?

Therefore, the first thing to do in this round of AI DePIN is to de-EVM and let some high-performance chains take the lead, thus spawning some killer applications, such as: @solana

, Sui, Aptos et al. In particular, there is a unique group of developers active on SOL. Whether this wave of AI DePIN can emerge will directly determine SOL's mainstream status in this bull market.

The slogan of impacting or surpassing Ethereum is shouted out. Whether it can be realized depends entirely on the implementation of the AI ​​DePin narrative on SOL. Recently, I came into contact with projects like @ionet_official

. The valuation is already very high, but after experiencing it, I was a bit surprised. I feel that it will be a potential force to detonate DePIN;

2 , DeFi protocol: A while ago, Vitalik talked about the AI ​​blockchain, and the core actually guided an entrepreneurial direction: AI intent DeFi transactions. Obviously, smart contracts can evolve into super smart contracts, lowering user thresholds and increasing user interaction. Including the needs of experience and reducing user wear and tear in cross-chain transactions, this is the direction that intent transactions really want to make efforts.

Therefore, it is critical whether the old DeFI can quickly promote a series of upgrades such as the intent transaction model wallet front-end. If you stick to this direction, you can integrate it into the main narrative of AI DePIN without falling behind; this type of DeFi There are already many innovative projects. As a reminder, the Intent-centric narrative is not over yet. There is only one project that can be combined with AI and actually implemented.

3. Innovation at the bottom of other technologies: In fact, the current web3 innovation environment is already very mature, and the product power and innovation of web2 have already penetrated. This is why a series of narratives such as "modularization" and "chain abstraction" have emerged. , and these narrative goals are to solve the problems of low inter-chain interaction efficiency and high collaboration cost existing in the web3 environment. The direction is very good, but due to the slow development of the old chain, these micro-innovations have no real potential.

Take ZK technology as an example. Everyone says that ZK is the end game, but now ZK only solves the problem of mutual trust between the main chain and the side chain. In fact, ZK can enable all EVM and non-EVM chains to realize mutual trust asset transfer. , ZK’s real value discovery is still in the future. Recently, I have paid attention to a @ProjectZKM project. The bottom layer of ZK technology realizes multi-chain interoperability. Coupled with its hardware acceleration and other DePIN designs, it is also likely to find a key position in the new wave of DePIN narratives.

above.

Note: I briefly elaborated on some of the thinking logic that I think AI DePIN has great potential for. They may not all be correct, but I am reasoning more based on the thinking of value investment research and the mature evolution trend of the industry. I haven’t gone into it yet. Adding the emotional component of FOMO speculation in the secondary market, the above content is for reference only. You are also welcome to participate and learn together.

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