Pantera Partners: In the age of smartness, block chains are the answer to AI

Original by Paul Veradittakit, Pantera Capital Partner

This post is part of our special coverage Syria Protests 2011

Summary

• AI is integrating with the block chain around four pillars: payment settlement, identity system, open system, and pooling of resources. There are commercial landing projects on all four tracks, and Pantera is covered in all areas。
• THE UNDERLYING LOGIC IS NATURAL COMPLEMENTARITY: AI REPRESENTS THE INFINITE ABUNDANCE OF SUPPLIES (MASS CONTENT, INFINITY OF INTELLIGENCE), AND BLOCK CHAINS REPRESENT THE SCARCE ATTRIBUTES THAT ARE VESTED IN AUTHORITY (VALITABLE TENURE, PRIMARY LIQUIDATION ON THE CHAIN); THE FORMER IS RESPONSIBLE FOR GENERATING CONTENT AND SERVICES, WHILE THE LATTER COMPLETES THE DETERMINATION AND VALUE SETTLEMENT。
• There is a clear mismatch between current market valuations: Pantera tracks 10 head AI corporate valuations, with the largest historical division from the value of encrypted assets, which are tied to the bottom depth of the two industries。
• AI Agent does not open entity bank accounts, use federal wire transfers or ACH clearing channels, but completes machine-scale high-speed transactions along the chain with a stable currency; the intelligent economy is being built on a block chain infrastructure that is rarely configured by existing institutions。

GLOBAL CAPITAL IS NOW LOOKING AT AI, BUT AI IS JUST HALF A MOUNTAIN OF INDUSTRIAL CHANGE. A NEW ERA OF TECHNOLOGICAL CONVERGENCE IS TAKING SHAPE IN THE INTERSECTION OF AI AND THE BLOCK CHAIN. THE FIRST AND SECOND MARKETS OF LARGE AMOUNTS OF CAPITAL ARE VALUED BY AI ENTERPRISES, WITH A LARGE NUMBER OF TARGETS ALREADY VALUED FOAMING; THE RETROSPECT OF THE ENCRYPTED TRACK, WHICH IS UNDERVALUED, IS A HIGH-QUALITY LOWLAND FOR LONG-TERM TECHNOLOGICAL CHANGE IN THE CURRENT ROUND. IT IS DIFFICULT FOR BOTH TECHNOLOGIES TO DEVELOP IN ISOLATION, AND THE EMPOWERMENT OF ONE ANOTHER IS CENTRAL. MARKET HABITS OVER THE YEARS HAVE TREATED AI AND ENCRYPTION AS TWO SEPARATE OUTLETS, BUT IN ESSENCE THEY ARE THE TWO LANDING PATHS OF THE SAME INDUSTRY WAVE。

AI gave birth to a new economic entity - an autonomous intelligence. Such subjects require asset holding, fluid value, large-scale collaboration, while encryption and block chains are the only financial collaboration infrastructure designed from the bottom and adapted to non-human subjects. The intelligent and program robots have become the primary users of the block chain, so we assume that most future intelligently driven transactions will take place on the chain. The integration of AI with the block chain is one of the most confident research and investment lines in Pantera, and the team is investing a lot of human and financial resources in the track。

Technological integration patterns in industrial development history

Throughout history, two collisions of top-tech technologies have often led to economic leapfrogging: steam engines with railways, power-side manufacturing, Internet with smartphones. Each time, new technological capabilities are added to the infrastructure, a whole new economic business and a green enterprise emerges。

AI achieves a mass of smart, content, intelligence and digital identity at near-zero marginal costs, resulting in unlimited supply; the block chain anchors scarceness, providing verifiable ownership of assets, minimal trust cost collaboration, and coded reliable data. As described by Dan Morehead and Cosmo Jiang in Pantera's latest block chain study, two types of technocrats are highly integrated (both rooted in mathematics and open-source culture), and the bottom logic is complementarities: AI incremental, block chain tenure。

Earlier, at the Integration Summit organized by YZi Labs, I had an in-depth exchange with Alex Odagiu on how AI intelligence can achieve programmable trust, stabilize the local value of currency and asset monetization, and the down-the-ground rhythm of smart economy。

Source:May 2026 YZi Labs Integration Summit

Status of land-use applications of technology integration

AI INTELLIGENCE REQUIRES A HOME-GROWN FINANCIAL SYSTEM THAT ADAPTS MACHINES

The current financial system is designed for human beings and allows for cumbersome, restricted access and high reliance on centralized intermediaries. There is an urgent need for smart-size-oriented infrastructure in the current industry, where block chains are the best solution for massization。

Trading and payment scenes

Landing cases have been fielded. OpenFX, with a stabilization currency as the lower level of liquidation, has surpassed $60 billion in annualized transaction settlement. It is clearly stated that the next generation of users is not a natural person, but a software program, and within a decade AI intelligence will become the largest trading community in the foreign exchange market。

INTELLIGENT INSTITUTIONS ARE UNABLE TO OPEN BANK ACCOUNTS, ACCESS FEDERAL WIRE TRANSFERS AND SWIFT SYSTEMS, WHICH REQUIRE LOW-COST, ROUND-THE-CLOCK ACCESS, AND SUPPORT PAYMENT CHAINS FOR PROCEDURAL LIQUIDATION, WHICH ARE THE CORE ADVANTAGES OF BLOCK CHAINS。

Another landmark project, Alchemy, is known as AWS in the Web3 field, as the core development platform for a new generation of AI+ encryption applications. Alchemy significantly lowers the threshold for developers to build the infrastructure of an intelligent body from the exclusive purse to the top of the chain。

The verification and verification of human identity has become a requirement

AI GENERATES CONTENT IN AN ENVIRONMENT WHERE THERE IS A PROLIFERATION OF ANALOGUE ACCOUNTS, DISTINGUISHING BETWEEN REAL PEOPLE, PROGRAMS, AI GENERATION CONTENT IS ALREADY NEEDED. TRADITIONAL IDENTITY SYSTEMS, SUCH AS PASSPORTS, GOVERNMENT FILES AND BANK CARDS, ARE ORGANIZED IN CENTRALIZED INSTITUTIONS AND ARE NOT ADAPTED TO THE CURRENT INDUSTRIAL ENVIRONMENT. INDUSTRY URGENTLY NEEDS AN ONLINE IDENTITY VERIFICATION PROGRAMME THAT IS GLOBAL, SECURE, SECURE, PRIVATE AND ANTI-CENSORSHIP, AND THE BLOCK CHAIN FITS IN。

World (formerly Worldcoin) is the flagship of the track, building a global, private identity and financial network based on a human identity determination agreement that provides a password to prove that users are unique natural persons:

• Users complete iris scanning verification with World Orb biological equipment
• User access to World ID, identity information stored encrypted by Hash in the Worldchain public chain
• The project has completed over 18 million independent real-life users and is in the top five-centre global active chain。

From Pantera's latest edition of Stateful podcasts' corporate cooperation, it can be seen as useful: Tinder used to fix false registrations, Reddit filtering real users, and Zoom integrated in depth anti-false verification during video calls. The founder of OpenAI, Sam Altman, co-founder of World, is a pre-judgement of home-based AI technology that can create massive identity fraud problems。

At the same time, we have invested in TransCrypts, where the owner of the project runs the bottom of the chain of autonomous sovereign identities and verifiable certificate blocks, where users can chain up credible files such as academic qualifications, employment, income, etc., and defend themselves from the source of AI fraud and fraud. In an age of universal intelligence, programmable trust has become an industry standard。

AI VALUATION FOAMING, ENCRYPTION ASSET UNDERVALUED

WHILE AI ' S TRACK VALUATION WENT UP ALL THE WAY, ENCRYPTED ASSETS CONTINUED TO REVERSE, GENERATING A WINDOW OF RELATIVE VALUE THAT WAS HISTORICALLY RARE. AS OF MAY 2026, THE HEAD AI INDEX WAS 49 PER CENT HIGHER THAN THE FOUR-YEAR LONG-TERM TREND LINE; BITCOIN PRICES WERE 42 PER CENT HIGHER THAN THEIR HISTORICAL LONG-TERM TREND LINE. EVEN IF THE INTELLIGENT ECONOMY EVENTUALLY RUNS ABOVE THE ENCRYPTION INFRASTRUCTURE, THE TWO VALUATIONS ARE AT HISTORICAL EXTREMES。

Bitcoin was underestimated relative to artificial intelligence and trends

AI’s competition for secure cross-channel financing is getting hotter, and Robbie Mitchnick of Beled recently stated that AI’s smarts do not use traditional banking systems, but rather block-chain financial instruments, and that encrypted currency is the original currency of the age of machine intelligence。

The industrial landing window is open

ENTREPRENEURS IN THE DEEP-FARMING INDUSTRY NEED TO KNOW THAT AI INTEGRATION WITH BLOCK CHAINS IS NOT A FUTURE TREND, BUT A REALITY THAT IS NOW LANDING. SMARTS REQUIRE EXCLUSIVE PAYMENT CHAINS THAT TRADITIONAL FINANCE CANNOT PROVIDE, DECENTRIZED IDENTITY VERIFICATION SYSTEMS, VERIFIABLE CERTIFICATES, PROGRAMMABLE CURRENCIES, AND DEVELOPMENT INFRASTRUCTURE THAT TREATS SMARTS AS PRIMARY USERS。

Underlying projects such as Alchemy, World, TransCrypts, OpenFX and others in Pantera ' s study of ecology are becoming more mature, the global regulatory environment is continuing to improve, and capital is gradually endorsing the valuation lows of encrypted tracks. If you're setting up smart-body bio-finance, decentrizing identity, AI output content authentication, synergy in the chain of autonomous systems, this is the golden period of entrepreneurship. Industry is still at an early stage, with well-developed technologies and market demand。