UXUY founder Kevin: Why should Web3 go all in on AI?
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UXUY founder Kevin: Why should Web3 go all in on AI?
The giants of the AI world are launching a multidimensional attack on the crypto industry through the wave of "AI for everyone."
Navigating Web3 tides with focused insights
This image was generated by Midjourney AI
In April 2024, we established the UXUY Asia AI Research and Development Center in Hong Kong. Around the same time, Worldcoin—a crypto project founded by OpenAI CEO Sam Altman—achieved a breakthrough: its app user count officially surpassed 10 million, just 263 days after launch.
For all Web3 practitioners, this achievement is impressive. Giants from the AI world are launching a "downward strike" against the crypto industry through the wave of mass-market AI adoption. In contrast, cross-border integration with AI has already become the new paradigm within the crypto space. Recently, UXUY participated in Binance Labs’ sixth incubation program, where one-quarter of the projects were already in AI-driven fields.
Clearly, Binance has敏锐ly sensed the arrival of the AI trend and actively invested. For all of us Web3 entrepreneurs, it's imperative to catch up quickly, arm ourselves with AI, and become builders in the Crypto × AI domain. Beyond going All In on AI, we have no other choice.
All In AI
On the day we announced the establishment of the UXUY Asia AI R&D Center, countless professionals from the Web3 and AI sectors sent me congratulations, applauding UXUY for taking another big step forward. The narrative of Crypto × AI will be the dominant theme in the market for the next decade or even longer—I am absolutely certain about this, just as I was over a decade ago when I decisively left East Money to dive into a new blue ocean.
As Crypto and AI—the two twin stars—spiral upward together, highly innovative and creative projects or companies are bound to emerge. UXUY is excited to witness these developments and eager to collaborate. Below, I’ll explain why I’m so confident in the AI赛道, how the convergence of Crypto and AI creates a 1 + 1 > 2 effect, and what UXUY is doing in the AI space.
AI and the Noodle Shop
Clearly, the AI赛道 represents a deterministic trend—only products that follow such trends can better capture markets and users.
Five years ago, I chose to enter Web3 via the then relatively niche wallet赛道, starting my entrepreneurial journey at a time when centralized exchanges (CEX) dominated. Due to high on-chain gas fees and complex, unintuitive recovery phrases, users naturally flowed toward CEX platforms. But I clearly recognized that wallets would ultimately become the primary traffic gateway for Web3, destined to carry the largest volume of activity in the Web3 world. Participating in Web3’s primary market token launches, exploring new paradigms in asset issuance, and capturing 100x opportunities—all require wallets as an essential tool.
As the crypto industry matures, giants like Binance and OKX have turned back to actively develop their own Web3 wallets, while traditional tech powerhouses like Telegram have begun integrating wallets into their ecosystems.
Industry development typically follows a progression “from few to many.” In the early days of Web2, the noodle shop near my home only accepted cash. Just the other day, I visited again—it had transformed into a full-fledged “internet company,” complete with online ordering, food delivery, digital payments, and the owner discussing marketing strategies with visiting influencers…
Clearly, AI today remains a game for only a few enterprises or individuals. Most people still have only a vague understanding of AI, yet the deterministic trend of AI is already clear. I firmly believe that in the future, every street corner will be filled with “AI companies,” and everyone will be talking about “AIGC”—even that unassuming noodle shop.
No More “Reinventing the Wheel”
The Crypto × AI赛道 excites me because it fundamentally solves Web3’s long-standing problem of reinventing the wheel. At its core, crypto represents a transformation in production relations—anyone with basic programming skills can issue their own token and build a Web3 company by leveraging on-chain nodes to empower it, without needing massive capital to construct factories or purchase machinery. Thus, the mode of production has changed.
The emergence of AI completely resolves the issue of productivity. With production relations (Web3) combined with productivity (AI), we can overcome the困境 faced by Web2 professionals trying to rebuild projects in Web3, driving tangible societal progress.
1 + 1 > 2
Social mobility has long been driven by technological revolutions. Each industrial revolution reshuffles wealth, allowing countless “New Money” figures to leverage innovation and opportunity to advance civilization through ambition, while the once-dominant “Old Money” gradually retreats into family offices—or fades away due to poor bets.
Just as “electrification” replaced “mechanization” during the Second Industrial Revolution, and “automation” superseded “electrification” in the Third, this current wave of “intelligence” feels different. Centralized Web2 giants enjoy inherent monopolistic advantages in AI—whether in data, funding, or computing power—having already erected towering moats.
They are pouring all resources into developing artificial intelligence models to produce the most universal and powerful systems possible. They will stifle competition, restrict innovation, capture regulators, consolidate their dominance, and enrich a tiny elite. Clearly, they are becoming our new rulers. This is already happening: NVIDIA holds a monopoly on AI GPU manufacturing, major corporations control AI computing power—some used for training new models, others rented out—while highly centralized cloud platforms tightly control pricing.
Fortunately, we have Crypto!
By combining Crypto-native incentive models with decentralized on-chain mechanisms, we can create synergies with AI that generate 1 + 1 > 2 outcomes. For example, users can earn points by renting out CPU/GPU computing power, participate in governance via DAO voting, or use token incentives to explore broader DePIN applications such as decentralized storage.
I’ve repeatedly emphasized to my team that UXUY must focus on building in the Crypto × AI space, contributing to crypto equity, ensuring everyone on Earth benefits—not letting it become just another game for giants. Anyone contributing to this cause is someone we should learn from. I’ve long followed and engaged in the movement for crypto equity. Last year, UXUY sponsored the Satoshi Award, which granted its annual honor to WorldCoin founder Sam Altman. The project uniquely registers Earth’s residents using iris scans and regularly distributes UBI (unconditional basic income), safeguarding fundamental human rights—an idea I deeply resonate with. This belief profoundly shapes UXUY’s direction in the Crypto × AI space.
In his article "The promise and challenges of crypto + AI applications", Vitalik categorized the integration of AI and blockchain into four types:
• AI as a player in a game
• AI as an interface to the game
• AI as the rules of the game
• AI as the objective of the game
Crypto is still in its early stages, facing foundational issues such as Sybil attacks, high energy consumption, and malicious coin mixing tools... UXUY has chosen “AI as an interface to the game” as our entry point, creating the world’s first AI-powered compliance and anti-Sybil multi-chain transaction ecosystem. We aim to empower Crypto with AI, starting from infrastructure.
The surge in on-chain interactions will drive users from CEX to DEX, making on-chain behavior increasingly common. Meanwhile, the asset growth fueled by Crypto × AI will attract traditional Web2 users into Web3. A virtuous cycle of mutual empowerment between Crypto and AI is forming...
I firmly believe that under the drive of Crypto × AI equity, every person on Earth will become a beneficiary.
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