Prix de BlurBLUR

The boundaries between traditional finance and the crypto world continue to blur, and the latest collaboration between CME Group and Google Cloud may be one of the clearest signs yet. The two giants are exploring tokenization — the process of converting real-world assets into digital tokens on a blockchain — aiming to create a more efficient and streamlined financial infrastructure. This news is especially impactful considering CME Group’s central role in the global financial system and its regulated crypto derivatives products like Bitcoin futures . The move signals a broader shift where institutional finance is not just acknowledging blockchain tech but actively building on it. CME Group is the world’s largest derivatives marketplace, offering trading in a vast range of asset classes — from commodities and currencies to stock indices and interest rates. Through its various exchanges like CME, CBOT, NYMEX, and COMEX, it provides key tools for global risk management and price discovery. Crucially, CME was the first regulated exchange to offer Bitcoin futures in 2017 , making it a pivotal player in institutional crypto adoption. Its products often set benchmarks for institutional investment, influencing price movements and market trends. So when CME moves, markets listen. CME Group announced a strategic partnership with Google Cloud to test Universal Ledger Infrastructure (ULI) — a platform designed to support tokenized assets and smart contracts. This will allow CME to issue and settle assets in a tokenized form, enabling real-time settlement and enhanced transparency. According to the announcement: Google Cloud’s Universal Ledger provides the backend to manage and orchestrate transactions in a standardized and scalable way, while CME provides the regulated financial infrastructure. This move by CME Group signals growing confidence in blockchain-based financial infrastructure, and it brings several implications for the future of crypto and digital assets: When a financial powerhouse like CME explores tokenization, it sends a clear message: blockchain isn’t just for DeFi degens — it's for Wall Street too. Expect more traditional institutions to follow. CME’s institutional reach means tokenized products could soon be used by banks, hedge funds, and asset managers globally. That could inject massive liquidity into blockchain-based markets. With CME already offering Bitcoin and Ethereum futures, this partnership may expand its crypto offerings and pave the way for new tokenized instruments — possibly on-chain Treasuries, ETFs, or even tokenized commodities. CME Group building on tokenization helps bridge the divide between traditional finance (TradFi) and decentralized finance (DeFi). We might see hybrid financial products that combine the best of both worlds. With testing scheduled for later this year and full services expected by 2026, the crypto world should keep a close eye on how this partnership evolves. If successful, it could set a new standard for how assets are created, traded, and settled — with blockchain at the core. CME’s collaboration with Google Cloud may not be flashy like a meme coin pump, but its long-term impact on global financial infrastructure could be monumental. The tokenization initiative by CME Group and Google Cloud marks a turning point in financial history. It's not just about improving infrastructure — it's about redefining it. The fusion of institutional power with blockchain innovation could drive the next wave of crypto adoption, not through hype, but through efficiency, trust, and real-

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. AI agents gain traction in the crypto and social media space, backed by a Franklin Templeton report that points to a future where autonomous entities will reshape the digital landscape. Table of Contents Asset manager giant Franklin Templeton released a report in early 2025 discussing the growing role of artificial intelligence agents. This refers to sophisticated software entities designed to autonomously perform basic and complex tasks using artificial intelligence. According to the report, AI agents are the result of combining artificial intelligence and blockchain technology. AI agents are already being deployed across platforms like Solana ( SOL ) and Ethereum ( ETH ). The industry remains in its very early stages, indicating significant opportunities for early investors. “We can envision a future where AI agents revolutionize content generation on social media and play an integral role across various industries and platforms. Like today’s human influencers, these agents could launch their own brands, products, music, movies, and more, driving significant economic value to their ecosystems.” – Franklin Templeton Essentially, the report argues the line that separates human from AI content is starting to blur, ushering in a new era full of opportunities. AI agents, also known as agentic AI, can be defined as AI systems designed to act without human intervention on behalf of a user, an organization, a company, or another entity. Unlike static algorithms, these digital agents can analyze data, pursue objectives, and adapt their strategies in real time. One area where AI agents are having an immediate impact is in social media. AI agents are transforming how content is created, distributed, and consumed. These bots can be designed to manage influencer accounts, engage with audiences, and generate media content at a scale that no human can match. For example, AI-powered digital influencers can curate and post updates, respond to every comment within seconds, and even host live sessions. The need for constant human oversight is no longer a requirement as AI agents follow specific instructions without deviation. Beyond content creation, AI agents seamlessly integrate with blockchain networks, allowing them to own digital assets, execute transactions, and verify content authenticity. This capability is driving a new era of decentralized AI-driven media platforms where companies of all sizes can take advantage of digital influencers, brand ambassadors, and personas. The influencer marketing economy has more than tripled since 2020 and is on track to become a $33 billion industry in 2025. But, it faces many challenges ranging from rising content production costs, inconsistent engagement, and perhaps most notably, fatigue among users. Companies typically invest hundreds of thousands of dollars and dedicate weeks of work to creating human avatars. Antix presents a disruptive alternative. By leveraging AIGE, Antix’s proprietary AI technology, brands can launch AI-powered digital humans within hours and at a fraction of the cost, starting at $100 per avatar. Also, these digital humans require no costly production cycles or ongoing management, allowing companies to scale content creation at a rapid pace while maintaining consistent engagement with their audiences. This way, Antix helps users design AI agents to: However, Antix’s hyper-realistic human avatars are not limited to social media but can be applied across various industries, especially the content industry, entertainment, marketing, education, healthcare, and customer support. Antix’s experts have applied their diverse skills and creative vision to major projects like Game of Thrones and World of Tanks. Their work in AI and digital humans has also attracted the attention of globally recognized brands, including Warner Bros, EA Sports, and HBO. Fully customizable with support across multiple languages, Antix’s digital personas operate 24/7 without traditional challenges associated with humans. Rather, they are entirely scalable, and under full control of the brands or individuals using them. Another major component of Antix’s disruptive model is its blockchain-powered token economy. Currently in its early distribution phase, the ANTIX token’s current price is $0.087, reflecting a 38% discount compared to the upcoming Token Generation Event price of $0.14. A total of 7.429 million out of 7.69 million tokens have been sold, implying early adopters have acted quickly to acquire ANTIX tokens at the reduced rate . The token is designed to facilitate transactions, interactions, and governance within the platform. This is to ensure AI agents aren’t just digital entities but assets with real value. The ANTIX token is essential for securing complete control and ownership over digital creations. Antix’s digital humans come with an NFT-backed identity system, where every avatar is linked to an NFT passport that serves as a certificate of authenticity and ownership. This guarantees creators are given full intellectual property rights so they can buy, sell, license, or rent out AI characters in a secure and verifiable way. By integrating tokenized ownership, Antix enables a decentralized marketplace where brands, creators, and audiences can trade their avatars as productivity tools or valuable digital assets. Additionally, ANTIX tokens can be used for character upgrades, allowing users to improve various aspects of their digital humans. These upgrades can focus on improving appearance, voice modulation, animation quality, and new interactive capabilities. The token is also used for subscription plans, marketplace transactions, promotional boosts, and NFT auctions. Additionally, Antix supports staking, with multiple staking tiers offered, so ANTIX holders can multiply their earnings over time. AiXBT is an AI-driven social media account with a specialization in crypto market analysis. The bot operates as an automated content aggregator but falls short of earning the title of a traditional influencer. It is built on the Virtuals Protocol and scans posts from influential and trustworthy crypto-focused accounts on X and republishes its findings in the form of market insights, price updates, and industry news. AiXBT still serves as an example of the potential reach of AI bots, as it pumped out more than 100,000 posts on X within its first few months. The topics range from Bitcoin price movements to obscure token launches. The range of topics yielded impressive results as it won over 430,000 followers. AiXBT is powered through its AIXBT token which quickly reached a market capitalization of more than $500 million. However, selling pressure and a concerning security breach pushed the token to its current market cap of around $85 million. The plunge in value coincided with a broader market selloff although it may also be due to hype of stronger projects. Notably, AiXBT doesn’t create original insights or engage in in-depth discussions. Instead, it merely aggregates existing narratives. Anita AI is a virtual influencer gaining traction for its interactive social media presence and unique governance model. Anita AI is a scripted AI social media personality designed to engage with followers and generate content. Anita mostly functions as a pre-programmed AI assistant, responding to prompts on X, Instagram, and podcasts. Unlike rival AI bots, her engagement is purely algorithm-driven, meaning content is predefined by a set of patterns rather than personal insight or experience. Anita AI’s content range is broad, featuring Instagram posts focusing on generic lifestyle content, motivational quotes, and AI-generated selfies to simulate influencer behavior. As such, Anita AI represents a basic integration of AI into influencer marketing rather than a game-changing shift in social media engagement. The ANITA token is integrated into a governance model where Anita acts as a symbolic AI figurehead. It was launched on the Solana blockchain and modeled after a basic DAO, where AI and human participants can influence the project’s direction. The rise of AI agents represents a clear sign of the upcoming large-scale shift in how we experience social media and digital life. As Franklin Templeton’s analysis suggests, these AI-driven agents are poised to reshape content creation since complete autonomy and unlimited scalability are a reality: “Although these agents are not yet fully autonomous and have little utility in their current state, this emerging sector may hold significant promise and is worth watching closely as it evolves and matures.” Social media feeds are already a mix of human and artificial content. As AI technology continues to advance, distinguishing between the two may become nearly impossible. Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

[stylesheet-group="0"]{} body{margin:0;} button::-moz-focus-inner,input::-moz-focus-inner{border:0;padding:0;} html{-ms-text-size-adjust:100%;-webkit-text-size-adjust:100%;-webkit-tap-highlight-color:rgba(0,0,0,0);} input::-webkit-search-cancel-button,input::-webkit-search-decoration,input::-webkit-search-results-button,input::-webkit-search-results-decoration{display:none;} [stylesheet-group="1"]{} .css-146c3p1{background-color:rgba(0,0,0,0.00);border:0 solid black;box-sizing:border-box;color:rgba(0,0,0,1.00);display:inline;font:14px -apple-system,BlinkMacSystemFont,"Segoe UI",Roboto,Helvetica,Arial,sans-serif;list-style:none;margin:0px;padding:0px;position:relative;text-align:start;text-decoration:none;white-space:pre-wrap;word-wrap:break-word;} .css-175oi2r{align-items:stretch;background-color:rgba(0,0,0,0.00);border:0 solid black;box-sizing:border-box;display:flex;flex-basis:auto;flex-direction:column;flex-shrink:0;list-style:none;margin:0px;min-height:0px;min-width:0px;padding:0px;position:relative;text-decoration:none;z-index:0;} .css-1jxf684{background-color:rgba(0,0,0,0.00);border:0 solid black;box-sizing:border-box;color:inherit;display:inline;font:inherit;list-style:none;margin:0px;padding:0px;position:relative;text-align:inherit;text-decoration:none;white-space:inherit;word-wrap:break-word;} .css-9pa8cd{bottom:0px;height:100%;left:0px;opacity:0;position:absolute;right:0px;top:0px;width:100%;z-index:-1;} [stylesheet-group="2"]{} .r-13awgt0{flex:1;} .r-1adg3ll{display:block;} .r-1jkafct{border-bottom-left-radius:2px;border-bottom-right-radius:2px;border-top-left-radius:2px;border-top-right-radius:2px;} .r-1phboty{border-bottom-style:solid;border-left-style:solid;border-right-style:solid;border-top-style:solid;} .r-1udh08x{overflow-x:hidden;overflow-y:hidden;} .r-4iw3lz{border-bottom-width:0;border-left-width:0;border-right-width:0;border-top-width:0;} .r-4qtqp9{display:inline-block;} .r-6koalj{display:flex;} .r-bztko3{overflow-x:visible;overflow-y:visible;} .r-crgep1{margin:0px;} .r-hvic4v{display:none;} .r-krxsd3{display:-webkit-box;} .r-rs99b7{border-bottom-width:1px;border-left-width:1px;border-right-width:1px;border-top-width:1px;} .r-sdzlij{border-bottom-left-radius:9999px;border-bottom-right-radius:9999px;border-top-left-radius:9999px;border-top-right-radius:9999px;} .r-t60dpp{padding:0px;} .r-wwvuq4{padding:0;} .r-xoduu5{display:inline-flex;} .r-ywje51{margin:auto;} .r-z2wwpe{border-bottom-left-radius:4px;border-bottom-right-radius:4px;border-top-left-radius:4px;border-top-right-radius:4px;} [stylesheet-group="2.1"]{} .r-1559e4e{padding-bottom:2px;padding-top:2px;} .r-1fkl15p{padding-left:32px;padding-right:32px;} .r-3o4zer{padding-left:12px;padding-right:12px;} .r-3pj75a{padding-left:16px;padding-right:16px;} .r-cxgwc0{padding-left:24px;padding-right:24px;} .r-dd0y9b{padding-bottom:20px;padding-top:20px;} .r-ddtstp{margin-bottom:0px;margin-top:0px;} .r-dp7rxi{padding-bottom:40px;padding-top:40px;} .r-f8sm7e{margin-left:auto;margin-right:auto;} .r-n7gxbd{padding-left:4px;padding-right:4px;} .r-s49dbf{margin-bottom:1px;margin-top:1px;} .r-sjygvo{padding-left:1em;padding-right:1em;} [stylesheet-group="2.2"]{} .r-1ca1ndr{margin-left:0.5em;} .r-1ez5h0i{margin-left:4px;} .r-1gs4q39{margin-right:4px;} .r-1kkk96v{margin-left:8px;} .r-1kpi4qh{margin-left:0.075em;} .r-1l2kgy{margin-right:0.5em;} .r-1q6cnnd{right:-2px;} .r-1wron08{margin-right:8px;} .r-3t4u6i{margin-left:2px;} .r-45ll9u{left:50%;} .r-5f1w11{left:-2px;} .r-k4bwe5{margin-right:0.075em;} .r-o59np7{padding-right:8px;} .r-ocobd0{right:50%;} .r-qjj4hq{padding-left:8px;} .r-x1x4zq{margin-right:2px;} [stylesheet-group="3"]{} .r-105ug2t{pointer-events:auto!important;} .r-109y4c4{height:1px;} .r-10ptun7{height:16px;} .r-10v3vxq{transform:scaleX(-1);} .r-117bsoe{margin-bottom:20px;} .r-11c0sde{margin-top:24px;} .r-11j9u27{visibility:hidden;} .r-12181gd{box-shadow:0 0 2px rgba(0,0,0,0.03) inset;} .r-12sks89{min-height:22px;} .r-12vffkv>*{pointer-events:auto;} .r-12vffkv{pointer-events:none!important;} .r-12ym1je{width:18px;} .r-135wba7{line-height:24px;} .r-13qz1uu{width:100%;} .r-13wfysu{-webkit-text-decoration-line:none;text-decoration-line:none;} .r-146iojx{max-width:300px;} .r-1472mwg{height:24px;} .r-14j79pv{color:rgba(83,100,113,1.00);} .r-14lw9ot{background-color:rgba(255,255,255,1.00);} .r-15ysp7h{min-height:32px;} .r-16dba41{font-weight:400;} .r-16y2uox{flex-grow:1;} .r-176fswd{transform:translateX(-50%) translateY(-50%);} .r-1777fci{justify-content:center;} .r-17bb2tj{animation-duration:0.75s;} .r-17leim2{background-repeat:repeat;} .r-17s6mgv{justify-content:flex-end;} .r-18jsvk2{color:rgba(15,20,25,1.00);} .r-18tzken{width:56px;} .r-18u37iz{flex-direction:row;} .r-18yzcnr{height:22px;} .r-19wmn03{width:20px;} .r-19yznuf{min-height:52px;} .r-1abnn5w{animation-play-state:paused;} .r-1acpoxo{width:36px;} .r-1ad0z5i{word-break:break-all;} .r-1awozwy{align-items:center;} .r-1b43r93{font-size:14px;} .r-1betnmo{max-width:672px;} .r-1blnp2b{width:72px;} .r-1blvdjr{font-size:23px;} .r-1ceczpf{min-height:24px;} .r-1cwl3u0{line-height:16px;} .r-1d2f490{left:0px;} .r-1ddef8g{-webkit-text-decoration-line:underline;text-decoration-line:underline;} .r-1ebb2ja{list-style:none;} .r-1ff274t{text-align:right;} .r-1gkfh8e{font-size:11px;} .r-1h0z5md{justify-content:flex-start;} .r-1h8ys4a{padding-top:4px;} .r-1hjwoze{height:18px;} .r-1iln25a{word-wrap:normal;} .r-1inkyih{font-size:17px;} .r-1ipicw7{width:300px;} .r-1iusvr4{flex-basis:0px;} .r-1janqcz{width:16px;} .r-1jaylin{width:-webkit-max-content;width:-moz-max-content;width:max-content;} .r-1k78y06{font-family:Tahoma, Arial, sans-serif;} .r-1kihuf0{align-self:center;} .r-1ldzwu0{animation-timing-function:linear;} .r-1loqt21{cursor:pointer;} .r-1mlwlqe{flex-basis:auto;} .r-1mrlafo{background-position:0;} .r-1muvv40{animation-iteration-count:infinite;} .r-1mwlp6a{height:56px;} .r-1nao33i{color:rgba(231,233,234,1.00);} .r-1niwhzg{background-color:rgba(0,0,0,0.00);} .r-1ny4l3l{outline-style:none;} .r-1oifz5y{background-color:rgba(170,17,0,1.00);} .r-1oszu61{align-items:stretch;} .r-1otgn73{touch-action:manipulation;} .r-1p0dtai{bottom:0px;} .r-1pi2tsx{height:100%;} .r-1ps3wis{min-width:44px;} .r-1qd0xha{font-family:-apple-system,BlinkMacSystemFont,"Segoe UI",Roboto,Helvetica,Arial,sans-serif;} .r-1qi8awa{min-width:36px;} .r-1r5jyh0{min-height:130px;} .r-1r8g8re{height:36px;} .r-1s2hp8q{min-height:26px;} .r-1sxrcry{background-size:auto;} .r-1tl8opc{font-family:"Segoe UI",Meiryo,system-ui,-apple-system,BlinkMacSystemFont,sans-serif;} .r-1to6hqq{background-color:rgba(255,212,0,1.00);} .r-1ttztb7{text-align:inherit;} .r-1udbk01{text-overflow:ellipsis;} .r-1v2oles{top:50%;} .r-1vmecro{direction:rtl;} .r-1vr29t4{font-weight:800;} .r-1wb8bfx{text-decoration-thickness:2px;} .r-1wbh5a2{flex-shrink:1;} .r-1wyyakw{z-index:-1;} .r-1xcajam{position:fixed;} .r-1xk2f4g{clip:rect(1px, 1px, 1px, 1px);} .r-1xnzce8{-moz-user-select:text;-webkit-user-select:text;user-select:text;} .r-1xvli5t{height:1.25em;} .r-1y7e96w{min-width:22px;} .r-1ye8kvj{max-width:600px;} .r-1yef0xd{animation-name:r-11cv4x;} .r-1yjpyg1{font-size:31px;} .r-1ykxob0{top:60%;} .r-2o02ov{margin-top:40px;} .r-2tavb8{background-color:rgba(0,0,0,0.60);} .r-2yi16{min-height:36px;} .r-36ujnk{font-style:italic;} .r-37tt59{line-height:32px;} .r-3s2u2q{white-space:nowrap;} .r-417010{z-index:0;} .r-4gszlv{background-size:cover;} .r-4wgw6l{min-width:32px;} .r-54znze{color:rgba(239,243,244,1.00);} .r-56xrmm{line-height:12px;} .r-6026j{background-color:rgba(255,255,255,0.85);} .r-633pao{pointer-events:none!important;} .r-6416eg{-moz-transition-property:background-color, box-shadow;-webkit-transition-property:background-color, box-shadow;transition-property:background-color, box-shadow;} .r-64el8z{min-width:52px;} .r-7q8q6z{cursor:default;} .r-8akbws{-webkit-box-orient:vertical;} .r-8jfcpp{top:-2px;} .r-92ng3h{width:1px;} .r-a023e6{font-size:15px;} .r-adyw6z{font-size:20px;} .r-agouwx{transform:translateZ(0);} .r-ah5dr5>*{pointer-events:none;} .r-ah5dr5{pointer-events:auto!important;} .r-aqfbo4{backface-visibility:hidden;} .r-b88u0q{font-weight:700;} .r-bcqeeo{min-width:0px;} .r-bnwqim{position:relative;} .r-bt1l66{min-height:20px;} .r-bvlit7{margin-bottom:-12px;} .r-deolkf{box-sizing:border-box;} .r-dflpy8{height:1.2em;} .r-dnmrzs{max-width:100%;} .r-ehq7j7{background-size:contain;} .r-emqnss{transform:translateZ(0px);} .r-eqz5dr{flex-direction:column;} .r-ero68b{min-height:40px;} .r-fdjqy7{text-align:left;} .r-fm7h5w{font-family:"TwitterChirpExtendedHeavy","Verdana",-apple-system,BlinkMacSystemFont,"Segoe UI",Roboto,Helvetica,Arial,sans-serif;} .r-h9hxbl{width:1.2em;} .r-icoktb{opacity:0.5;} .r-ifefl9{min-height:0px;} .r-impgnl{transform:translateX(50%) translateY(-50%);} .r-iphfwy{padding-bottom:4px;} .r-ipm5af{top:0px;} .r-jmul1s{transform:scale(1.1);} .r-jwli3a{color:rgba(255,255,255,1.00);} .r-kemksi{background-color:rgba(0,0,0,1.00);} .r-lp5zef{min-width:24px;} .r-lrsllp{width:24px;} .r-lrvibr{-moz-user-select:none;-webkit-user-select:none;user-select:none;} .r-m6rgpd{vertical-align:text-bottom;} .r-majxgm{font-weight:500;} .r-n6v787{font-size:13px;} .r-nwxazl{line-height:40px;} .r-o7ynqc{transition-duration:0.2s;} .r-peo1c{min-height:44px;} .r-poiln3{font-family:inherit;} .r-pp5qcn{vertical-align:-20%;} .r-q4m81j{text-align:center;} .r-qlhcfr{font-size:0.001px;} .r-qvk6io{line-height:0px;} .r-qvutc0{word-wrap:break-word;} .r-rjixqe{line-height:20px;} .r-rki7wi{bottom:12px;} .r-sb58tz{max-width:1000px;} .r-tjvw6i{text-decoration-thickness:1px;} .r-u6sd8q{background-repeat:no-repeat;} .r-u8s1d{position:absolute;} .r-ueyrd6{line-height:36px;} .r-uho16t{font-size:34px;} .r-vkv6oe{min-width:40px;} .r-vlxjld{color:rgba(247,249,249,1.00);} .r-vqxq0j{border:0 solid black;} .r-vrz42v{line-height:28px;} .r-vvn4in{background-position:center;} .r-wy61xf{height:72px;} .r-x3cy2q{background-size:100% 100%;} .r-x572qd{background-color:rgba(247,249,249,1.00);} .r-xigjrr{-webkit-filter:blur(4px);filter:blur(4px);} .r-yc9v9c{width:22px;} .r-yfoy6g{background-color:rgba(21,32,43,1.00);} .r-yy2aun{font-size:26px;} .r-yyyyoo{fill:currentcolor;} .r-z7pwl0{max-width:700px;} .r-z80fyv{height:20px;} .r-zchlnj{right:0px;} @-webkit-keyframes r-11cv4x{0%{transform:rotate(0deg);}100%{transform:rotate(360deg);}} @keyframes r-11cv4x{0%{transform:rotate(0deg);}100%{transform:rotate(360deg);}} .r-cx000{position:absolute;visibility:hidden;top:0;width:50px;pointer-events:none} .r-cx000.loaded{visibility:visible;top:50vh;width:50px} exciting to see the enthusiasm around $ASI and SenderAI! The idea of AI-driven Web3 projects like this one definitely has a lot of people talking about its potential to shape the future of decentralized tech. As for the price prediction of hitting $1 soon, that’s a bold call! Crypto markets are notoriously hard to predict, but the sentiment around SenderAI seems strong hope going 1 dollar soon s buy

$CLAY already up 📈 let's enter $ZOO upcoming pump coming 📈 supporting by $X 📈 don't miss buy $ZOO 📈 $BTC $BROCCOLI $TON $SOL $SUI $ORAI $SWELL $BLUR $SAROS $WIF $RSS3 $MEMEFI $PSTAKE $CEEK $ALVA $GPT $ASI

Is the “Fat Protocol Thesis” – the long-held belief that blockchain infrastructure is more valuable than applications – finally dead? Arthur Cheong, CEO of DeFiance Capital, thinks so. He argues the once-popular investment principle has led to overvalued infrastructure projects and relatively undervalued applications that has stifled crypto investment beyond Bitcoin . The Fat Protocol Thesis claimed the primary value of blockchain technology lies in the underlying protocols, not the applications built on top. Cheong points out that successful applications today are reasonably valued at 5x to 15x price-to-revenue ratios, while blockchain infrastructure projects – many of which have seen minimal growth in recent years – boast massively inflated valuations, anywhere from 150x to 1000x price-to-revenue. “The speculative premium that once fueled the crypto infrastructure boom, he suggests, has finally collapsed,” he wrote on X. In other words, the market is waking up, and valuations are starting to make sense. Related: BLUR Token Holders Cry Foul as Price Tanks Despite Ecosystem Growth In 2021, Cheong himself supported the Fat Protocol Thesis, believing it was the dominant investment strategy. However, as the market matures, he now emphasizes real-world adoption. He points to once-hyped Layer 1 tokens like ADA, SOL, DOT, and AVAX. While they once had valuations exceeding $10 billion, many have struggled to sustain long-term growth. Back then, most of these projects raised funds at valuations below $100 million, making them attractive early bets for investors. But those days are likely gone. The “Fat Protocol Thesis” may have served its purpose in the early crypto days, but the market is rapidly evolving. Real value, Cheong argues, comes from actual utility, not just infrastructure promises. Applications that actually get used will naturally command higher multiples – that’s just how markets should work. This shift signals a major turning point in how crypto investments are structured. Related: Ledger Exposes Potential Security Flaw in Trezor Wallets Arthur’s comments reflect a growing sentiment in the market: investors are increasingly focused on utility and adoption rather than infrastructure hype. And for investors, this means a potential shift in where the real value lies. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.