Partnered With:

Electric Capital Joint Creation: How should we view the future of Crypto?

Read this article in 6 Minutes

AI is the future, but AI + cryptocurrency is not here yet.

Original title: " How does Electric Capital co-founder Avichal see the future of cryptocurrency? "

Original author: Miles Deutscher

Original compilation: Shenchao TechFlow

Encryption analyst Miles Deutscher interviewed Avichal, co-founder of Electric Capital. In this 100 minutes full of alpha news, they discuss:

The most undervalued field in crypto, future AI cryptocurrencies for L1 and L2.

The following are 11 important messages summarized by Miles Deutscher.

1. We've made a lot of real progress over the past few years. Most of what we see now was theoretical until 2017, and it took us just a few years to accomplish these incredible technical feats.

2. 2022 lays the groundwork for DeFi. While the FTX debacle was a painful one, people now understand the dangers of centralization and leverage.

“I think this is a huge catalyst, it sets the stage for DeFi to really work and become mainstream.”

3. The evolution of cryptocurrencies is stronger than ever.

“Despite a 70-80% price drop, creator activity was flat or even slightly up. That’s remarkable. As for the $ETH ecosystem and the EVM , they have real network effects.”

4. Ethereum could become a digital nation next to the US and China.

If $ETH continues down this path, it will become "an international decentralized settlement system denominated in dollars." The question now is, "What is the value of a digital country?"

5. The future belongs to multiple chains.

“We believe that there will never be a dominant chain, which may be some kind of natural law. In the future, there will be multiple ecosystems in this industry , the market will become large enough that each chain will find its own niche.”

“If you look at a pure network effect business like a social network, Obviously Facebook and YouTube are big, but so are TikTok, LinkedIn, Telegram, etc. All of these things can exist side by side, and it’s the same in crypto, and probably on a larger scale.”

6. Cardano's technology is (probably) good, but they are too slow to develop and get to market.

"The best product doesn't always win, you have to go to market the right way."

7. ZK technology is groundbreaking.

“It will be inherently transformative far beyond cryptocurrency and Web3.”

“One of the really interesting side effects of all encryption is that we get better privacy with all the technological advancements, and that technology is going to be ubiquitous. ”

8. Arbitrum and $OP are Optimistic rollups, but they are still L2 race winners.

9. Artificial intelligence is the future, but artificial intelligence + cryptocurrency has not yet arrived.

" I think cryptocurrency + AI is still a bit early, but in 10 years, they will finally merge into one. ”

10. Treat the market with a long-term mentality.

Think about it " Something that will rise in 5-10 years and be too big to ignore. Instead of trying to find a new outlet every two years, try to follow the right wave of the times in 10 years. "

11. NFT has entered a "dormant period", but will eventually wake up.

“We are all primates and we need to socially signal to each other. All luxuries are offline, but if you spend 12 hours online, why would you buy $1000 shoes?"

"You can buy a $200,000 Patek...in the lifetime of this watch , how many people will see it? I think maybe 10,000 people? But if I buy a Punk for $200,000 and a million people see it, that equals you buying it for the same cost More attention.”