According to BlockBeats, during the Emergence conference in Prague on December 8, leading venture capitalists in the cryptocurrency sector expressed concerns about the integration of crypto and AI projects. Rob Hadick, a general partner at Dragonfly, highlighted that AI agent projects are expected to attract hundreds of millions in venture capital funding. However, he warned that nearly everyone involved might incur significant financial losses, comparing the risk level to the 2021 GameFi boom. David Pakman, managing director at CoinFund, echoed similar sentiments, suggesting that projects attempting to decentralize AI's core architecture are unlikely to challenge centralized giants like OpenAI, Anthropic, and Microsoft in the current cycle.
Both investors identified a common issue within the crypto industry: the tendency to move well-functioning off-chain operations onto the blockchain, often resulting in diminished effectiveness. They emphasized that AI's greatest value to the crypto sector lies in enhancing development efficiency, as software development remains central to the industry. Despite the risks, Pakman maintained a relatively optimistic outlook on the future of AI agents, suggesting that cryptocurrency could provide an ideal payment infrastructure for these agents.