Emergence Summit Roundtable Discussion: The most likely value AI can bring to encryption is just to help improve coding efficiency

On December 8, at The Block Summit Emergence roundtable discussion, the participating guests believed that the value AI is most likely to bring to encryption is merely helping improve coding efficiency, as software development remains a core element in the field of cryptocurrency. CoinFund Managing Director David Pakman stated, "Projects aiming for decentralization of key parts of the AI stack are unlikely to disrupt dominant centralized projects within this cycle. But if we want an alternative future where computational resources for training truly large-scale artificial intelligence models are more decentralized and perhaps democratically distributed, then we should talk about the excellent work Web3 has done in terms of decentralized access technology stacks or hardware."

Meanwhile, Dragonfly General Partner Rob Hadick said that for venture capitalists, investing in AI-based agent projects is a particularly risky area where almost everyone will lose a lot of money. We have always been skeptical about whether there would be a market around things like decentralized training; I don't think anything can be done with on-chain models or on-chain ML.