So, here we are, folks. Binance‘s very own Changpeng Zhao, or CZ as heâs affectionately known (because who has time for three syllables?), has decided to grace us with his wisdom. Apparently, the AI crypto world is making a colossal blunderâlike wearing socks with sandalsâby prioritizing token launches over actual utility. Who knew?
In a recent post on X (formerly known as Twitter, but letâs be honest, itâs still Twitter), CZ pointed out that AI-related cryptocurrencies have plummeted more than 21% in the last month. Thatâs right, folks, a staggering $27 billion down the drain! Itâs like watching your favorite ice cream melt on a hot summer dayâheartbreaking and a little sticky. đŠ
On March 17, CZ declared, âWhile crypto is the currency for AI, not every agent needs its own token.â This is the equivalent of saying, âNot every child needs a trophy.â He suggests that agents can simply take fees in existing cryptocurrencies. Imagine that! Launch a coin only if you have scale. Focus on utility, not tokens. Itâs almost like heâs saying, âDonât put the cart before the horse,â but in a much cooler, crypto-savvy way.
His argument is as clear as mudâmany AI projects are creating tokens not out of necessity, but to fund their next lavish vacation. Just because you have a token doesnât mean youâre going to be the next Bitcoin. Without a solid product or a real-world use case, these projects are like a house of cards in a windstormâone gust away from disaster.
The crypto world has seen its fair share of hype cycles, and AI tokens seem to be the latest victims. Sure, blockchain can be a great tool for AI, offering security and decentralization, but do we really need a new token for every single project? Itâs like needing a new pair of shoes for every outfitâexcessive and a little ridiculous. Just charge fees in Bitcoin or Ethereum and call it a day!
Many AI ventures are more focused on token launches than on creating something of actual value. This has left investors feeling like theyâve been sold a used car with a âcheck engineâ light blinking ominously. đđš
Despite the current chaos, big-name venture capital firms like Pantera Capital and Dragonfly still see potential in AI agents. But letâs be realâtheyâre probably just waiting to see if these projects can actually get their act together before diving in. Most of them are still in the âletâs throw spaghetti at the wall and see what sticksâ phase.
At the Consensus 2025 event in Hong Kong, industry experts debated the necessity of AI agents having their own coins. Spoiler alert: they concluded that a competent AI service can make money by accepting payments in existing digital currencies. Shocking, I know! Who would have thought?
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2025-03-17 19:01