According to CoinMeta, Dashui Capital co-founder Dashan pointed out in a conversation with a practitioner from a small crypto vc industry that the primary crypto market is facing survival difficulties, with many token issuance projects defaulting and disappearing. Dashui Capital has invested in nearly 300 projects in total, but less than one-third of them are operating well. As traditional crypto investment opportunities diminish, funds are gradually shifting towards cutting-edge fields such as AI and chips. Among the more than ten projects invested in in 2026, only three or four are in the crypto sector. Both guests believe that future investments should place greater emphasis on the integrity of founders, genuine needs, and sustainable business models. The long-term opportunities in crypto may lie in providing infrastructure for AI agent, data privacy, and traditional finance.