According to CoinMeta, Compound, managing partner Michael Dempsey, stated that venture capital in the crypto sector has been sluggish for nearly two years, approaching a state of stagnation, which can be traced back to 2024. Developers who once pursued opportunities in the crypto field have now turned to artificial intelligence, and funds have accordingly flowed towards AI. Dempsey compares the current situation with 2021, when tech entrepreneurs flocked to the crypto industry. Currently, the attention of the entire tech industry is focused on AI, leading to a shift of talent and capital from crypto projects to AI. In addition, Dempsey mentioned that there are structural issues with token incentives; tokenization has potential, but it is difficult to achieve long-term alignment of interests through token incentives.