Written by Jerry, founder of ThePrimediaDAO

2023 has arrived, and we are ushering in a new encryption ecological construction cycle. To a large extent, during this round of bull-bear transition, especially in the past 2022, a group of hard-working crypto ecosystem builders have brought us from the zero-sum hype and speculative game of the currency circle to the blockchain/Web3 Industrial ecology construction.

Goodbye 2022! This is an extremely difficult year, and the confidence in the currency circle is on the verge of collapse several times. But this year will definitely leave some ink in the history of the encryption economy: one after another, major events that can destroy the minds of the currency circle occurred one after another in this year, but it did not collapse like the bull-bear transition in 2018.

We judge that "the bear market will bottom out in 2022." This will be a difficult description, because a large number of elite friends in the currency circle have lost their confidence in the blockchain/Web3 during the ups and downs of the bear market cycle-some people have returned to the currency circle. Looking for investment logic in the memory of zero-sum financial games, some people are looking forward, but they are disappointed to find that there will not be many Web3 projects that can generate cash flow in the next year or two or even longer.

We still need to regain some confidence, look back at the past and look forward to the future in a larger historical dimension.

AI+Blockchain/Web3=beyond civilization

We start with this "beginning with civilization" formula, intending to highlight the necessity and value of blockchain/Web3 when human civilization enters this dangerous stage, so as to amplify this round of bull-bear transition period, especially in 2022. Chain/Web3 Builder's contribution.

What is Musk worried about? AI and the "super brain" are indeed developing by leaps and bounds. Quantum computing power will enhance the overall computing power of the "super brain". The intelligent network nodes will eventually surpass the human neural network nodes, and we are committed to making AI engineering use in the Mars colonization plan. Musk understands this best, so his concerns seem valid.

But it is unfounded to worry about it now-because while AI is rapidly developing and iterating, human beings are also undergoing the evolution of corresponding governance capabilities and the evolution of human beings' own digitalization. This foundation comes from the early practice and exploration of blockchain/Web3.

We believe that the next round of bull market will start under the theme of "convergence", including the integration of web3 technology and many industries; the integration of encryption economy and sovereign finance; the integration of DeFi and web3 industry. However, after the new round of bull market opened in the "fusion" theme, the bull-bear cycle will gradually fade, and it will no longer be like the bull-bear ups and downs before 2018.

What we are now facing is the construction of an "integrated" encryption ecology in the next ten years or even decades-after the hard work of the early builders of the blockchain world, the infrastructure of the encryption world is constantly improving, and the encryption ecology is moving from limitations The activity in investment/speculative fields such as ICO, DeFi, and NFT has entered the level of industrial and financial integration. With the encryption economy as the core, the entire world's economic system will be reshaped, and the world's financial structure and order will also be rebuilt.

On this basis, we are expected to see the prosperity of "blockchain/Web3+" like "Internet+"; And high-immersion, no-delay applications will also achieve considerable development; at that time, AI and blockchain/Web3 will meet here.

It is necessary for us to explain the concept of the metaverse—we gather the power of technology and industry to construct the metaverse space, we need to use high-end chip technology, integrated circuit systems that may break through the Moore effect, and more efficient network communication technologies (5G/6 G) and VR/AR/MR/XR hardware and development of advanced virtual engine and interactive technology, wearable biosensor hardware and adaptation of precise motion capture software and hardware to achieve somatosensory response, motion rules and Highly immersive experience. If the metaverse space is just a highly immersive digital space, is it all worth it?

Reconstructing the digital society with blockchain/Web3 decentralization, Token incentive mechanism and DAO organizational governance, and giving human evolution a better social system and governance structure, is worthy of human beings gathering the power of technology and industry to build a digital space And look forward to the metaverse world. Therefore, this metaverse scenario will be even grander than V God's decentralized society (DeSoc).

Where the metaverse came from and where it will take us should be seen in the grand scenario of human evolution. We have discussed this part in the Metaverse industry media DcMeia's "First Issue Preface | How We Can Identify the Quality of Metaverse Stocks" and Web3 media ThePrimedia's "Value Discovery and Psychoanalysis for DID in the Context of DeSoc".

Since slash-and-burn, human civilization once again has the possibility of evolution—digitalization. Liu Cixin, the author of The Three-Body Problem, once worried that human beings would be involved in the metaverse and forget the stars and sea, but he ignored how human beings conquered the stars and sea? The metaverse is the destination of human digital advancement, and it is also the only way for human beings to go to the stars and the sea. Human beings who have completed digital advancement, whether it is the digital identity of a natural person and the ability to output ideas and process data in the digital world, or the evolution and integration of the human race towards silicon-based life with the support of human-computer integration, brain-computer interface and MR equipment, or The original digital life/matrix co-existing with human beings and the cooperation of human beings (of course, it may also get out of control), can it be possible to walk out of the Milky Way and wander in the sea of ​​stars.

In this process, it is bound to be combined with AI or even a game, and there is also a reconstruction of the new social status and interest relationship between politicians, scholars, businessmen and technologically capable people in the current physical world.

In 2019, we were full of worries, the same as Musk's concerns about AI. This year, a bad movie that wasn't popular at the time was surprisingly merged with reality. The "replicants" launched a bloody riot and counterattacked the "creator". "Blade Runner", released in 1982, started in November 2019.

In the real world, in 2019, genetic engineering and intelligent algorithms have achieved unprecedented development. Professor Zavos of the University of Kentucky in the United States is working with an Italian expert named Antinori to clone a human being; the artificial intelligence Pluribus defeated humans in Texas Hold'em and completed the second evolution of intelligence, which marks the Artificial intelligence is expanding from a two-person world to a multiplayer world, and machines are being socialized...

clone"clone"A collective counterattack, the failure of an experiment, or the revenge of a technological madman are all enough to destroy human civilization...

We lamented this in "How Can a Game Company Save the World?": This is beyond the risk response of any national regime or organization. At that time, we could only hope that "technology for good".

In 2019, we are still at a loss in the currency circle. Because at that time, even if we can realize that since the birth of Bitcoin, human beings have been full of fantasies about the reconstruction of production relations in the blockchain, and the blockchain is suitable for establishing a "social order" for the intelligent network. However, at that time we were still immersed in the reflection and confusion of the zero-sum harvest game in the currency circle in 2018. If you made money in the bull market in 2018, there is a high probability that you are the harvester of the zero-sum game, and very few of you can get out of the whole body by relying on your skills, let alone make money.

However, since 2019, some outstanding developers have effectively used blockchain technology and limited public chain resources in the financial field - DeFi. Even if it still has not made substantial contributions to the industry, the practice of DeFi itself at this stage is indeed fruitful and has long-term significance-in the encrypted economic system, when DeFi is integrated with the energy bloomed by the web3 industry, it will change the narrative of the encrypted world deduce to a higher order process. If the growth logic of the traditional financial capital market can only come from the main line of economic growth, DeFi can match the excess number of users and user funds in depth and breadth, showing unprecedented economic development at the exponential level.

Therefore, we can look forward to the integration of the encryption economy based on blockchain/Web3 described above into the Metaverse world, completing the epic evolution of mankind. And all of this depends on the builders of the early blockchain/Web3, especially the builders who will forge ahead in 2022 during this round of bull-bear transition. Therefore, we form the judgment given at the beginning. In 2023, we will see more excellent Builders and excellent projects, in the new round of "fusion"-themed bull market start-up procedures, and in the gradual "de-bull-bear cycle" of the encryption economy and the integration of the metaverse world in progress.

Not far away, there is light. Do you believe?

Remarks: The formation of some important opinions and judgments comes from the launch ceremony of the Twitter Space "Looking for the Next Bull Market" forum and the "Sovereign Finance and Encrypted Economy Integration" seminar salon initiated by ThePrimediaDAO on December 14, 2022. @ThePrimedia participated in the discussion @PeterG 2100 @MetaJames 8 @satoshi_song @lvxuan 147 @ChangyongLiu @dysonisme @Abdulla 31280434.