Rob Hadick: The AI agent project sector is expected to attract hundreds of millions of dollars in venture capital, but "almost everyone will lose a significant amount of money," with a risk level comparable to the 2021 crypto gaming project boom

ChainCatcher news, according to The Block, at the Emergence conference in Prague, two top venture capitalists in the cryptocurrency field warned about projects that merge crypto and AI. Dragonfly general partner Rob Hadick stated that the AI agent project sector is expected to attract hundreds of millions in venture capital, but "almost everyone will lose a lot of money," with a risk level comparable to the 2021 crypto gaming project boom.

CoinFund managing director David Pakman also believes that projects attempting to decentralize AI core architecture will struggle to challenge the positions of centralized giants like OpenAI, Anthropic, and Microsoft in the current cycle.

The two venture capitalists noted a common issue in the crypto industry: "moving things that work well off-chain onto the chain often makes them worse." They pointed out that the greatest value of AI in the crypto space lies in enhancing development efficiency, as software development remains central to the crypto field. However, Pakman holds a relatively optimistic view on the future of AI agents, believing that cryptocurrency can provide an ideal payment infrastructure for AI agents.