The Future of Web3 | Former Alibaba Chief Strategy Officer Zeng Ming: AGI (Artificial General Intelligence) and Cryptocurrency are a Match Made in Heaven

Former Alibaba Chief Strategy Officer Ming Zeng delivered a speech titled "The Future of Web3?" at the blockchain global summit hosted by Wanchain Blockchain Lab on 9/19. He emphasized the relationship between AGI (Artificial General Intelligence) and cryptocurrency, and also shared his expectations for AI+cryptocurrency native services.

Zeng stated, "I personally believe that the entire cryptocurrency field needs innovation, to accelerate forward towards Web3. We need to create new digital assets, and there may be three possible paths for new digital assets." He mentioned that the first path is continuous innovation in the financial sector, the second is in gaming and social applications, but the third, "AGI (Artificial General Intelligence) and cryptocurrency," is what he emphasized.

AGI (Artificial General Intelligence) and Cryptocurrency: A Match Made in Heaven

Dr. Feng expressed that from the end of last year to the beginning of this year, it has become increasingly clear that AGI (Artificial General Intelligence) and cryptocurrency are a perfect match. Cryptocurrency represents a revolution in production relations, while AGI signifies a breakthrough in productivity. AGI will create a large number of new digital assets.

The Rise of AI-Generated Content and Its Impact on Industries

Dr. Feng believes that AI-generated content (AIGC) has become a significant application in the field of AI, driving rapid development in the digital content industry. Dr. Feng further analyzed the value of cryptocurrency in the digital economy. He thinks that as the value of digital content increases, the importance of cryptocurrency will become more prominent. In the future, people will pay more attention to issues such as transaction costs, privacy protection, and efficiency improvement.

The Rapid Development of AI and Smart Contracts

Dr. Feng also discussed the trends in AI development, predicting that AI will transition from its current assistant role to that of agents, such as AI teachers, AI doctors, AI designers, etc., significantly promoting collaboration between machines. With the advancement of AI, the complexity and importance of smart contracts will undergo qualitative changes.

The Rise of the Creator Economy: Cryptocurrency Showcasing its Core Value

Dr. Feng views the creator economy as the core of the future economy. He emphasizes that the core value of cryptocurrency lies in establishing an efficient asset ownership and transaction decentralized network, making it possible for a large number of people, machines, and machine collaboration to occur. Creating a new creator economy that allows for participatory creation will be a real opportunity in the future.

Expectations for AI + Cryptocurrency Native Services

Dr. Feng shared his expectations for AI + Cryptocurrency Native Services, believing it will be one of the most exciting trends in the future. He pointed out that breakthroughs in infrastructure and applications will drive the development of the entire ecosystem. The emergence of AI + Cryptocurrency Native Services in the next two years will be a highly anticipated development direction.

The Deep Integration of AI and Cryptocurrency

In his closing remarks, Dr. Feng mentioned that the builders of AI and cryptocurrency need to have a deeper integration to drive true AI localization. He emphasized the comprehensive integration of technologies like AI and cryptocurrency from infrastructure to application levels, heralding a more exciting future for Web3.

Web3 Through the Eyes of Former Alibaba Chief Strategy Officer Dr. Feng

Dr. Feng's speech paints a picture of the digital economy's future shaped by AI, AGI, and cryptocurrency. The simultaneous development of the creator economy, infrastructure, and applications, along with the deeper integration of AI and cryptocurrency, will be key factors in realizing this future vision. We look forward to more innovations and breakthroughs under this vision, collectively shaping a brighter digital future.

Read the full speech: "The Future of Web3?"