Over the last three years, the crypto space has undergone massive upheavals. Alongside the boosting from stimulus packages in 2021, venture capital (VC) firms had invested $33 billion in crypto and blockchain startups.
The following year, the Federal Reserve triggered a domino of crypto bankruptcies with its interest rate hiking cycle, starting from the Terra (LUNA) crash and culminating in the FTX Ponzi scheme collapse.
The promise of DeFi lost its luster, not helped by over $3 billion lost in DeFi hacks during 2023. The ongoing Bitcoin bull run shows the lack of altcoin confidence as the so-called Altcoin Season is yet to manifest.
In June 2023, BlackRock’s head of strategic partnerships, Joseph Chalom, noted that DeFi’s institutional adoption is “many, many, many years away”. However, there is a case to be made that the emerging AI narrative can fuse with blockchain technology and its applications.
Taking in lessons from the previous cycle, what would that AI-crypto landscap
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