I remember not long after joining ABCDE in early 2023, I created a mind map of the Crypto race track division and shared it within the team. At that time, the image grew bigger and bigger, and in the end, I was surprised myself - how could I finish studying it?! Take a small part of the map from that time and put it up for everyone to feel I remember when I talked to other VCs, they all expressed that there were so many tracks that one person couldn't finish watching, and it was difficult to master all the skills or cognition. It was a world of difference from the simple model of only looking at public chains and various bizarre applications (taxi chains, hero chains, space chains, government chains...) in 17-18 That was truly a beautiful era Now, after a few years of wandering around, we seem to have returned to the 'simple mode' The only ones I have personally talked about in the past period that have been active or able to gather little consensus in the industry are the prediction market, RWA (including stablecoins), and Perp Of course, AI may also be considered, but it seems that everyone is talking about the AI of Web2, whether it's the popular crayfish or today's viral "THE 2028 GLOBAL INTELLIGENCE CRISIS" I hope Web3+AI can become the fourth track that can gather consensus in the future. For those who have experienced that glorious era and firmly believe in Crypto, the more tracks there are, the better