[{"data":1,"prerenderedAt":378},["ShallowReactive",2],{"$fgukOamtKU1RtUiMFsqdObttmqPPQz0uc7bl_gj_LyX0":3,"$fhnoo02u5jhpmpFdHcin-JAlWGpyKeey9sq4xeExJGD4":245,"article-580":377},{"code":4,"msg":5,"data":6},0,"",{"category":7,"tag":11,"popular":19,"latest":86,"banner":126,"list":151,"cache":244},[8,9,10],"Agent","OpenAI","LLM",[8,12,13,14,9,10,15,16,17,18],"Google","Nvidia","Claude","DeepSeek","OCR","Chat","Generator",[20,29,37,45,54,62,70,79],{"id":21,"publish_date":22,"is_original":23,"collection":5,"cover_url":24,"cover_url_1_1":25,"title":26,"summary":27,"author":28},411,"2023-09-10",1,"article_res/cover/451ef50c225a8dc61c4336506794d13b.jpeg","article_res/cover/3ba9dc7a72f87d40b20fc2d225289ee3.jpeg","Idealism","Reality is created by the mind, we can change our reality by changing our mind. - Plato","Renee's Entrepreneurial Journey",{"id":30,"publish_date":31,"is_original":23,"collection":32,"cover_url":33,"cover_url_1_1":34,"title":35,"summary":36,"author":28},108,"2024-12-07","#LLM #AGI #AI Agent","article_res/cover/0039044422e4ec9f61c18e8ee1693bb0.jpeg","article_res/cover/4220971b108a91d21407d87bb02fbaa6.jpeg","Freysa.ai: The World's First Adversarial AI Agent Game","说服 Freysa 把钱包里的钱都拿出来",{"id":38,"publish_date":39,"is_original":23,"collection":40,"cover_url":41,"cover_url_1_1":42,"title":43,"summary":44,"author":28},12,"2025-03-09","#Oxford #Reasoning #LLM #Tool Use","article_res/cover/d448e9b3617a0b5302e1bd10c438bca9.jpeg","article_res/cover/864a468f9cc4c9317efadb3811909888.jpeg","Agentic Reasoning Framework - Significantly enhance the reasoning ability of LLMs through the integration of external tools using agents","Agentic Reasoning: Reasoning LLMs with Tools for Deep Research",{"id":46,"publish_date":47,"is_original":4,"collection":48,"cover_url":49,"cover_url_1_1":50,"title":51,"summary":52,"author":53},480,"2023-04-14","#Stable Diffusion","article_res/cover/0bdbe7cb1de4a78e54536e5d9afa7ec9.jpeg","article_res/cover/b3d6ffec0608dcfaf18c5a69906d1490.jpeg","【AIGC Learning】Generate Prompts Using Word Graphs - Stable Diffusion Web UI Series 13","AI will become a powerful tool in education, transforming the way we learn and deliver instruction.  \n- Reid Hoffman","--",{"id":55,"publish_date":56,"is_original":4,"collection":57,"cover_url":58,"cover_url_1_1":59,"title":60,"summary":61,"author":28},413,"2023-09-08","#Neuroscience","article_res/cover/74f8302d78a23d9430f22171eae136b6.jpeg","article_res/cover/87ca08af81bb304746be5261160964c0.jpeg","Can machines be conscious?","Do we have an ethical obligation to not turn off conscious machines? Would turning them off be murder? No. I don't lose any sleep over unplugging a conscious machine.\n- Jeff Hawkins, \"A Thousand Brains\"",{"id":63,"publish_date":64,"is_original":23,"collection":65,"cover_url":66,"cover_url_1_1":67,"title":68,"summary":69,"author":28},178,"2024-09-09","#Entrepreneurship","article_res/cover/a7224f025b55d1820408085faef63079.jpeg","article_res/cover/11a9995b096cbf64465ef01b8673b154.jpeg","37signals company","This damn sense of relaxation",{"id":71,"publish_date":72,"is_original":4,"collection":73,"cover_url":74,"cover_url_1_1":75,"title":76,"summary":77,"author":78},460,"2023-05-12","#Google","article_res/cover/b970687b12faa52da976f91248c2aa7b.jpeg","article_res/cover/d1e71b52cfd2c63bc6e71f3e85ff135c.jpeg","Learn what BRC-20 and Ordinals are using Google Bard","Ordinals - a new protocol that allows users to store arbitrary data on the Bitcoin blockchain","Google Bard mainly writes",{"id":80,"publish_date":81,"is_original":23,"collection":5,"cover_url":82,"cover_url_1_1":83,"title":84,"summary":85,"author":28},309,"2024-03-26","article_res/cover/9877f95894ee88532d0e6012c23a2df3.jpeg","article_res/cover/20092164ddc109ce6ae56b1984246751.jpeg","Learning the Cancun Upgrade with lepton and perplexity","Building a quick conversation-based search demo with Lepton AI.",[87,95,103,111,119],{"id":88,"publish_date":89,"is_original":23,"collection":90,"cover_url":91,"cover_url_1_1":92,"title":93,"summary":94,"author":28},627,"2025-03-20","#AI Avatar #AI Video Generation","article_res/cover/d95481358f73924989f8c4ee9c75d1c8.jpeg","article_res/cover/b74bc0fab01f8b6a6aa87696c0c3ed8b.jpeg","DisPose: Generating Animated Videos by Driving Video with Reference Images","DisPose is a controllable human image animation method that enhances video generation.",{"id":96,"publish_date":97,"is_original":23,"collection":98,"cover_url":99,"cover_url_1_1":100,"title":101,"summary":102,"author":28},626,"2025-03-21","#Deep Dive into LLMs #LLM #RL #Andrej Karpathy #AlphaGo","article_res/cover/446553a5c8f8f2f07d97b20eaee84e56.jpeg","article_res/cover/e6c2823409c9b34624064b9acbaca6f1.jpeg","AlphaGo and the Power of Reinforcement Learning - Andrej Karpathy's Deep Dive on LLMs (Part 9)","Simply learning from humans will never surpass human capabilities.",{"id":104,"publish_date":105,"is_original":23,"collection":106,"cover_url":107,"cover_url_1_1":108,"title":109,"summary":110,"author":28},625,"2025-03-22","#Deep Dive into LLMs #LLM #RL #RLHF #Andrej Karpathy","article_res/cover/8da81d38b1e5cf558a164710fd8a5389.jpeg","article_res/cover/96f028d76c362a99a0dd56389e8f7a9b.jpeg","Reinforcement Learning from Human Feedback (RLHF) - Andrej Karpathy's Deep Dive on LLMs (Part 10)","Fine-Tuning Language Models from Human Preferences",{"id":112,"publish_date":113,"is_original":23,"collection":114,"cover_url":115,"cover_url_1_1":116,"title":117,"summary":118,"author":28},624,"2025-03-23","#Deep Dive into LLMs #LLM #Andrej Karpathy #AI Agent #MMM","article_res/cover/a5e7c3d48bb09109684d6513287c661d.jpeg","article_res/cover/d3f22b7c0ab8d82fd2da457a299e0773.jpeg","The Future of Large Language Models - Andrej Karpathy's In-Depth Explanation of LLM (Part 11)","preview of things to come",{"id":120,"publish_date":113,"is_original":23,"collection":121,"cover_url":122,"cover_url_1_1":123,"title":124,"summary":125,"author":28},623,"#Google #Voe #AI Video Generation","article_res/cover/c44062fea0f336c2b96b3928292392c2.jpeg","article_res/cover/a041041c69092ad3db191c5bf3ff981b.jpeg","Trial of Google's video generation model VOE2","Our state-of-the-art video generation model",[127,135,143],{"id":128,"publish_date":129,"is_original":23,"collection":130,"cover_url":131,"cover_url_1_1":132,"title":133,"summary":134,"author":28},300,"2024-04-16","#AI in Science #AGI","article_res/cover/6bf01e793e0f33e848572412eebdf9b0.jpeg","article_res/cover/91a5ee21dafecb914fabeb9430d46ec1.jpeg","Would Einstein lose his job - AI and Quantum Computing: A Glimpse into the Near Future","So Einstein's job is still safe.",{"id":136,"publish_date":137,"is_original":23,"collection":138,"cover_url":139,"cover_url_1_1":140,"title":141,"summary":142,"author":28},101,"2024-12-14","#Nvidia #AI 3D Generator","article_res/cover/693e07c85980c5c0c8fde3f037733f23.jpeg","article_res/cover/9ea8edff2d5d303ff3fffff3f6f9c3d9.jpeg","NVIDIA's open-source 3D project LLaMA-Mesh","LLaMA-Mesh: Unifying 3D Mesh Generation with Language Models",{"id":144,"publish_date":145,"is_original":23,"collection":146,"cover_url":147,"cover_url_1_1":148,"title":149,"summary":150,"author":28},131,"2024-11-10","#OpenAI","article_res/cover/87f8ed353ce39f31960e7cdfaf075a35.jpeg","article_res/cover/f597a63935f5cd32e484b4aadd6019e8.jpeg","ChatGPT has launched the Search function","Get fast, timely answers with links to relevant web sources.",{"big":152,"small":214},[153,181],{"title":154,"list":155},"AGENT",[156,157,165,173],{"id":112,"publish_date":113,"is_original":23,"collection":114,"cover_url":115,"cover_url_1_1":116,"title":117,"summary":118,"author":28},{"id":158,"publish_date":159,"is_original":23,"collection":160,"cover_url":161,"cover_url_1_1":162,"title":163,"summary":164,"author":28},622,"2025-03-24","#OWL #AI Agent #MAS #MCP #CUA","article_res/cover/cb50ca7f2bf4d1ed50202d7406e1c19a.jpeg","article_res/cover/4aa7aa3badfacf3cc84121334f1050dd.jpeg","OWL: Multi-agent collaboration","OWL: Optimized Workforce Learning for General Multi-Agent Assistance in Real-World Task Automation",{"id":166,"publish_date":167,"is_original":23,"collection":168,"cover_url":169,"cover_url_1_1":170,"title":171,"summary":172,"author":28},620,"2025-03-26","#LLM #Google #Gemini #AI Agent","article_res/cover/53751a6dbbe990b1eb0b63f3b062aed4.jpeg","article_res/cover/031344981f0a212ff82d1f3a64aa5756.jpeg","Gemini 2.5 Pro, claimed to be far ahead of the competition, has been released with great fanfare: comprehensively surpassing other LLMs and topping the global rankings","Gemini 2.5: Our most intelligent AI model",{"id":174,"publish_date":175,"is_original":23,"collection":176,"cover_url":177,"cover_url_1_1":178,"title":179,"summary":180,"author":28},616,"2025-03-29","#MAS #AI Agent #AI Coder #MetaGPT #MGX","article_res/cover/9dcd702ad2035902e5e77967c34a1f1e.jpeg","article_res/cover/0a97fc4a922753c8f46ff38792020df8.jpeg","MGX - An automated website-building platform composed of multiple AI Agents","Your 24/7 AI Team | Dream, Chat, Create.",{"title":182,"list":183},"OPENAI",[184,191,199,206],{"id":185,"publish_date":167,"is_original":23,"collection":186,"cover_url":187,"cover_url_1_1":188,"title":189,"summary":190,"author":28},619,"#OpenAI #AI Image Generator #4o #MMM #AR Transformer","article_res/cover/2faffc97fcecf3151552cb0fd3206d89.jpeg","article_res/cover/1133cb4948af44cee2e7fbe79efb69e5.jpeg","The native image function of GPT-4o is officially launched","Introducing 4o Image Generation",{"id":192,"publish_date":193,"is_original":4,"collection":194,"cover_url":195,"cover_url_1_1":196,"title":197,"summary":198,"author":28},434,"2023-07-15","#Anthropic #OpenAI #Google #AI Code Generator #Claude","article_res/cover/e1b6f600a2b9f262a4392684e5f2ce25.jpeg","article_res/cover/6e1772e83f78f9a351ab23d3e414adee.jpeg","Latest Updates on Google Bard /Anthropic Claude2 / ChatGPT Code Interpreter","We want our models to use their programming skills to provide more natural interfaces to the basic functions of our computers.  \n - OpenAI",{"id":200,"publish_date":201,"is_original":4,"collection":146,"cover_url":202,"cover_url_1_1":203,"title":204,"summary":205,"author":28},417,"2023-08-24","article_res/cover/bccf897d50a88b18364e35f7466387e0.jpeg","article_res/cover/2f871085c1073717c1703ae86e18056f.jpeg","The GPT-3.5 Turbo fine-tuning (fine-tuning function) has been released～","Developers can now bring their own data to customize GPT-3.5 Turbo for their use cases.",{"id":207,"publish_date":208,"is_original":4,"collection":209,"cover_url":210,"cover_url_1_1":211,"title":212,"summary":213,"author":28},407,"2023-09-22","#OpenAI #AI Image Generator","article_res/cover/c59005e903d35cfc32346e2756e2728a.jpeg","article_res/cover/ba011d265e6d84b5c8cb6fd6b757b6cc.jpeg","Dall-E 3","DALL·E 3 understands significantly more nuance and detail, allowing you to easily translate your ideas into images.",[215,221,241],{"title":10,"list":216},[217,218,219,220],{"id":96,"publish_date":97,"is_original":23,"collection":98,"cover_url":99,"cover_url_1_1":100,"title":101,"summary":102,"author":28},{"id":104,"publish_date":105,"is_original":23,"collection":106,"cover_url":107,"cover_url_1_1":108,"title":109,"summary":110,"author":28},{"id":112,"publish_date":113,"is_original":23,"collection":114,"cover_url":115,"cover_url_1_1":116,"title":117,"summary":118,"author":28},{"id":166,"publish_date":167,"is_original":23,"collection":168,"cover_url":169,"cover_url_1_1":170,"title":171,"summary":172,"author":28},{"title":222,"list":223},"GOOGLE",[224,225,226,234],{"id":120,"publish_date":113,"is_original":23,"collection":121,"cover_url":122,"cover_url_1_1":123,"title":124,"summary":125,"author":28},{"id":166,"publish_date":167,"is_original":23,"collection":168,"cover_url":169,"cover_url_1_1":170,"title":171,"summary":172,"author":28},{"id":227,"publish_date":228,"is_original":23,"collection":229,"cover_url":230,"cover_url_1_1":231,"title":232,"summary":233,"author":28},615,"2025-03-30","#AI Researcher #AI Science #HKU #Google #AI Agent","article_res/cover/21fadf906067714bb0db31ae13a77c15.jpeg","article_res/cover/2697999a72bd26b22e85f0e92936d3ed.jpeg","AI-Researcher: LLM-driven全自动 scientific research assistant","AI-Researcher: Fully-Automated Scientific Discovery with LLM Agents  \nOpen-Sourced Alternative to Google AI Co-Scientist",{"id":235,"publish_date":236,"is_original":23,"collection":73,"cover_url":237,"cover_url_1_1":238,"title":239,"summary":240,"author":28},463,"2023-05-09","article_res/cover/89800f207723acdb55fc53bf999ebdc9.jpeg","article_res/cover/5764f369b4accd8f83e94aa4c077a175.jpeg","The Smallville sandbox world - A town with 25 virtual residents","Believable proxies of human behavior can empower interactive apps: Immersive environment, Rehearsal space, Prototyping tool",{"title":242,"list":243},"NVIDIA",[],true,{"code":4,"msg":5,"data":246},{"id":247,"publish_date":248,"is_original":4,"collection":5,"articles_id":249,"cover_url":250,"cover_url_1_1":251,"title":252,"summary":253,"author":254,"content":255,"popular":256,"list":320,"category":375,"tag":376},580,"2022-04-06","pU5KYFHLVZ9j5urA9fak8A","article_res/cover/df19b31dbe4de997949c5bc952debd74.jpeg","article_res/cover/a42ca56f14e675e41f8aabe5a2923f26.jpeg","Translation and Summary of the Messari Report 【1-6 How High Can We Fly】","The king has no real rival.","Translation","\u003Cdiv class=\"rich_media_content js_underline_content\n                       \" id=\"js_content\">\u003Cp>\u003Cbr>\u003C/p>\u003Cp dir=\"ltr\">The king has no real rival.\u003C/p>\u003Cp>\u003Cbr>\u003C/p>\u003Cp>\u003Cbr>\u003C/p>\u003Cp dir=\"ltr\" role=\"presentation\">Next, translate parts 1-6 of the Messari Report...\u003C/p>\u003Cp dir=\"ltr\" role=\"presentation\">\u003Cbr>\u003C/p>\u003Cp dir=\"ltr\">\u003Cbr>\u003C/p>\u003Cp dir=\"ltr\">We all know that the upcoming crash might be milder than in previous cycles, but how much upside is left? Even with the tailwinds we just discussed, doesn't a $30 billion meme coin and Times Square NFT billboards feel like it's getting a bit out of hand?\u003C/p>\u003Cp dir=\"ltr\">\u003Cbr>\u003C/p>\u003Cp dir=\"ltr\">Below are various signals the author will pay attention to:\u003C/p>\u003Cul class=\"list-paddingleft-1\">\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">Bitcoin\u003C/p>\u003C/li>\u003Cul class=\"list-paddingleft-1\" style=\"list-style-type: square;\">\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">The king has no real rivals.\u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">As a non-yielding monetary asset, as a priced and valued asset, it means Bitcoin is almost always judged relative to gold.\u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">But Bitcoin does have \"fundamentals\" worth tracking.\u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">Coin Metrics has come up with a measure called MVRV, which is a powerful metric that uses on-chain data to identify market tops and bottoms and provides information about the overall health of a crypto asset. It is the ratio of Market Value (market capitalization/market value) to Realized Capitalization (realized capitalization/realized value).\u003C/p>\u003C/li>\u003Cul class=\"list-paddingleft-1\" style=\"list-style-type: circle;\">\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">\u003Cspan style='font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, \"Helvetica Neue\", \"PingFang SC\", \"Hiragino Sans GB\", \"Microsoft YaHei UI\", \"Microsoft YaHei\", Arial, sans-serif;'>Realized capitalization is a metric created by Coin Metrics. It calculates each supply unit at the price it last moved on-chain (i.e., the price at its last transaction).\u003C/span>\u003Cspan style='font-family: mp-quote, -apple-system-font, BlinkMacSystemFont, \"Helvetica Neue\", \"PingFang SC\", \"Hiragino Sans GB\", \"Microsoft YaHei UI\", \"Microsoft YaHei\", Arial, sans-serif;'>This differs from traditional market capitalization, which uniformly values each supply unit at the current market price.\u003C/span>\u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">For example, if the current price of Bitcoin (BTC) is $10,000, traditional market capitalization would equalize the value of every coin to $10,000. If the total supply of BTC is 18 million, the total market capitalization of BTC would reach $180 billion (18 million multiplied by $10,000).\u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">The realized value is calculated based on the price of each coin the last time it was transferred on the chain. Therefore, if the price of BTC at the time of a coin's last transaction was $2500, from the perspective of realized value, the price of this coin would be $2500 (not the current market price). The realized value is the sum of the values of all coins priced at this price.\u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">The market value can remain unchanged while the realized value surges, and vice versa.\u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">One is a snapshot of the number of bitcoins multiplied by the price; the other is a dynamic measurement that also brings liquidity into the equation.\u003C/p>\u003C/li>\u003C/ul>\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">If you're not a HODLer (BTC holder) and can't endure a four-year bear market, then it's often a good time to sell for profit whenever MVRV reaches 3; when MVRV is below 1, you should buy without hesitation or even sell your kidney to buy coins (the translator does not recommend this).\u003C/p>\u003C/li>\u003C/ul>\u003C/ul>\u003Cp style=\"text-align: center;\">\u003Cimg class=\"rich_pages wxw-img js_insertlocalimg\" data-ratio=\"0.37967914438502676\" data-s=\"300,640\" data-type=\"png\" data-w=\"748\" style=\"\" src=\"./assets/17423829601720.7364000171675213.png\">\u003C/p>\u003Cul class=\"list-paddingleft-1\">\u003Cul class=\"list-paddingleft-1\" style=\"list-style-type: square;\">\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">You can predict whether it is a bubble phase through MVRV, and this information is hard to determine from the price chart alone.\u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">In the previous \"double bubbles,\" the time MVRV stayed above 3 was getting shorter and shorter.\u003C/p>\u003C/li>\u003Cul class=\"list-paddingleft-1\">\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">In 2011, MVRV stayed above 3 for four consecutive months.\u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">In 2013, it stayed there for ten weeks.\u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">In 2017, three weeks.\u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">In 2021, three days.\u003C/p>\u003C/li>\u003C/ul>\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">What does it mean in dollar terms if history is to repeat itself? Reaching an MVRV of 3 again in 2021 would put BTC in the $100,000 - $125,000 range.\u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">If things go completely beyond this range, then Bitcoin's next target will be the market capitalization of gold. At today's gold price, parity with gold implies a Bitcoin price of $500,000. So, there is still a 10x investment opportunity.\u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">But compared to Bitcoin's historical returns, even the above To Da Moon scenario represents a relatively low upper limit.\u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">Of course, unless the upper limit completely disappears, which means fiat money has failed and we default to pricing in Bitcoin. 1 BTC = 1 BTC.\u003C/p>\u003C/li>\u003C/ul>\u003C/ul>\u003Cp dir=\"ltr\" role=\"presentation\">\u003Cbr>\u003C/p>\u003Cul class=\"list-paddingleft-1\">\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">ETH\u003C/p>\u003C/li>\u003Cul class=\"list-paddingleft-1\" style=\"list-style-type: square;\">\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">There have been a lot of \"reckless\" comments recently from ETH bulls.\u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">Can ETH outperform BTC in this cycle? Unlikely.\u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">Due to Ethereum's ongoing scaling challenges, competition from Layer 1 alternatives, and the willingness of infrastructure companies and application builders to embrace the possibility of a multi-chain future.\u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">However, the author still believes that the combined market capitalization of Layer 1 platforms may surpass that of Bitcoin; similar to how the combined market cap of FAMGA (Facebook, Apple, Microsoft, Google, Amazon) exceeds M1 (money supply: M1 - cash in circulation + checking deposits).\u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">Can ETH's market cap surpass that of Microsoft, Apple, or Google? If it does, it would be 3-5 times its current price; if it surpasses the total of FAMGA, it would represent a 15-20 times increase. Currently, ETH accounts for 5% of FAMGA's market cap, which feels a bit low, but fully surpassing it would still be a daunting task.\u003C/p>\u003C/li>\u003C/ul>\u003C/ul>\u003Cp dir=\"ltr\" role=\"presentation\">\u003Cbr>\u003C/p>\u003Cul class=\"list-paddingleft-1\">\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">Solana, etc.\u003C/p>\u003C/li>\u003Cul class=\"list-paddingleft-1\" style=\"list-style-type: square;\">\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">The new \"it girl\" of cryptocurrencies is vying for third place in the crypto market cap ($60 billion); Polkadot ($40 billion) and Avalanche ($30 billion) are also making strong pushes.\u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">If the argument for these Layer 1 alternatives is that they have higher beta than ETH, which will erode Ethereum's dominant market share, then you have to ask, what about Terra ($16 billion), Polygon ($12 billion), Algorand ($11 billion), Cosmos ($7 billion)?\u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">Their current value trades all boil down to BD (business development) wins (distribution of applications) and hiring wins (ability to attract developers to build on non-Ethereum blockchains).\u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">The \"Ethereum killers\" all have the resources to compete, but as an investor, your choice is either to pick a winner or buy the basket (i.e., short Ethereum's dominance as a Layer 1); however, either way, these assets are tethered to the value of ETH.\u003C/p>\u003C/li>\u003C/ul>\u003C/ul>\u003Cp dir=\"ltr\" role=\"presentation\">\u003Cbr>\u003C/p>\u003Cul class=\"list-paddingleft-1\">\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">DeFi\u003C/p>\u003C/li>\u003Cul class=\"list-paddingleft-1\" style=\"list-style-type: square;\">\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">Long DeFi, short bankers, amirite (Am I Right)?!\u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">Despite DeFi's astonishing performance in 2020, its trading volume is less than 1% of the global banking market capitalization, indicating how much upside remains in the long term.\u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">The prices of some top DeFi protocols have stagnated, but if there is confidence that the crypto capital markets will accelerate the replacement of centralized institutions, it may offer better risk-reward opportunities than other places in today's market.\u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">Competition between protocols is fierce, regulatory scrutiny is coming, technical vulnerabilities are everywhere, systemic defaults could weaken the entire market, and high gas fees are eroding unit economics.\u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">From many metrics (price-to-sales ratio and price-to-earnings ratio), DeFi remains compelling, but because it requires heavy reliance on mathematics, it is currently only accessible to Whale users.\u003C/p>\u003C/li>\u003C/ul>\u003C/ul>\u003Cp dir=\"ltr\" role=\"presentation\">\u003Cbr>\u003C/p>\u003Cul class=\"list-paddingleft-1\">\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">NFT\u003C/p>\u003C/li>\u003Cul class=\"list-paddingleft-1\" style=\"list-style-type: square;\">\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">Given that they are non-fungible and lack liquidity, it is difficult to apply any reliable \"market cap\" calculation to NFTs.\u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">DappRadar estimated the NFT market capitalization at $14 billion in early September, and this figure has been rising ever since.\u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">Given the design space that NFTs open up for the entire crypto user economy, the long-term size and scope of this submarket are very large.\u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">Meltem believes that the overall value of NFTs can be compared to LVMH ($375 billion market cap), while Su Zhu believes that NFTs will account for 10% of the crypto market cap (which would be $225 billion based on today's calculation).\u003C/p>\u003C/li>\u003Cli>\u003Cp dir=\"ltr\" role=\"presentation\">The author does not believe that the NFT trend has ended, but what remains are more opportunities for NFT creators and infrastructure builders, while most specific NFT projects do not possess investment value.\u003C/p>\u003C/li>\u003C/ul>\u003C/ul>\u003C/div>",[257,266,274,282,290,297,305,312],{"id":258,"title_md5":259,"publish_date":260,"author_md5":261,"is_original":23,"collection":262,"summary_md5":263,"cover_url":264,"cover_url_1_1":265},175,"3cf318ba40d2571dd868318ca913f4d0","2024-09-13","bc27fa490c4d0d525bac812fc0793534","#OpenAI 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enhanced performance, helpful AI features, and more.",{"id":346,"publish_date":347,"is_original":23,"collection":348,"cover_url":349,"cover_url_1_1":350,"title":351,"summary":352,"author":28},329,"2024-02-17","#AI Video Generator #Sora","article_res/cover/fbf27d632fb19366e3511162fd13b0ad.jpeg","article_res/cover/dba2a4ff6120a6d65298a6a1934ec744.jpeg","Sora: A Video Generation Model","Sora is an AI model that can create realistic and imaginative scenes from text instructions.",{"id":354,"publish_date":355,"is_original":4,"collection":5,"cover_url":356,"cover_url_1_1":357,"title":358,"summary":359,"author":254},574,"2022-04-12","article_res/cover/122a3f7fd28a0110a20dca37a0e8ca52.jpeg","article_res/cover/87a946198de6f6e1493528e74912ede2.jpeg","Messari Report Translation and Summary 【1-9 Copy others' trading strategies, WAGMI】","WAGMI - We are all gonna make 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