It’s Sunday. AI coins are back with a vengeance. Yet another president (Javier Milei) launched a memecoin & ETH is apparently now “communist!” Some thoughts on the past week: Tokens are Dying The average lifecycle of a new token launch is trending shorter (rapidly). We’ve entered the tik-tok era of crypto. Launch a token to represent whatever fleeting trend or social phenomenon & then dump it when you’re bored. Scroll to the next one. So how do you invest / capture value? Due diligence has never been a more valuable skill in this market. Fundamentals matter more now than ever (thankfully). Another approach is to invest in the platforms that are “birthing” the highest value tokens. Imo this will (eventually) be AI agent protocols. Agent Platforms 2.0 This week we saw @virtuals_io & @arcdotfun agent platforms go live on Solana. While both’s main feature is still “launch an agent token”, I’m excited about how these teams are thinking ahead: - Agent-2-Agent communication & transaction layer (eg Virtual’s CONVO framework) - Enabling a system for agent micro-services These steps set up the foundation for *sustainable* revenue beyond just launch fees. Wouldn’t surprise me if @ai16zdao takes a similar approach with their upcoming tokenomics + ELIZA v2 reveal. Solana taking the AI moat? Virtuals expansion now means the top three Agent protocols reside on Solana. I don’t have any strong opinions on how this plays out but it *seems* like the demand is on Solana for now. Agent market cap dominance has consistently favoured Solana (though it’s usually a small lead) Will be watching to see if this lead expands over next leg up. I don’t get the “Solana is extractive” argument. From what I’m seeing, tools are neutral It’s the users you need to be focusing your attention on. Memes being extractive? What about the people apeing into them? They know the game. The tools are reflecting society’s true intentions at this time. That being said, it sucks. And I think people are finally getting the message: Apeing random shitcoins is net-negative. Think we see a shift back to inspiring innovation soon. We’re almost at peak capitulation on crypto’s future.