What are the commonalities among the project teams behind virtualis, hype, and kaito that stood out in this cycle? After the stage of building infrastructure, the next step is to develop an application ecosystem. Embrace the explosive stage of encryption in the next decade, which will also be the best opportunity for this type of team to rise. For entrepreneurial teams with real ideas and ambitions, new things may emerge in the crypto AI arena, DeFi. The next decade is an important period for transitioning from traditional finance to encrypted finance.