Animoca Co-founder Yat Siu Warns of Trust Risks in AI Trading Agents

Animoca Brands co-founder Yat Siu pointed out that the crypto industry is gradually evolving into a digital Wall Street, straying from the original intention of decentralized finance. He believes that to attract the next billion users, the industry needs new solutions rather than relying solely on tokenization or new wallets. Siu emphasized that only AI agents capable of independently holding user keys and interacting with the blockchain can achieve autonomous control of user assets. He questioned the current AI agent platforms in the market, particularly Meta's Muse, noting that its terms of service allow for the removal of user agents at any time, constituting a trust defect. He argues that personal agents should not be controlled by centralized platforms. Animoca is building the MINDS agent, a multi-agent orchestration system designed to provide user autonomy and support various communication channels and AI model choices. Siu estimates that currently, only about 10% of crypto asset holders are truly on-chain, and AI agents will be a key factor in changing this ratio. He pointed out that AI agents will outperform ordinary users in handling complex security issues, providing a new perspective for the secure development of the crypto space.

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