AI16Z has completely died. With a pile of lawsuits, with many unrealized technological goals, and of course, with the earnest expectations of millions of leeks. @Shawmakesmagic claimed that a token was not sold and, unable to win the lawsuit, handed over all remaining Treasury funds for settlement. It's ridiculous, just die, there's not even a shred of dignity in the end. As one of the witnesses, I have experienced the glory of AI16Z and watched it gradually decline through numerous struggles and struggles. At this moment, my heart is filled with mixed emotions, and my mind is repeatedly replaying a sentence: AI16Z may die, but please stay away from the frenzy of "on chain innovation". Come on, let's go back to the end of 2024 and reminisce together: 1) At that time, AI MEMEs such as Goal, ACT, AI16Z, Fartcoin, etc. could easily soar to a market value of 1B+. Too many MEMEs took advantage of the trend and had new opportunities and wealth codes on the chain every day, causing retail investors to join in the frenzy; 2) At that time, the Eliza framework was open sourced, and a large number of plugins emerged crazily. Hundreds or even thousands of people followed Github to contribute, forking, improving PR, and conducting various innovative experiments. Don't think that only gamblers were watching the K-line to make money. There were really developers who stayed up all night writing code, doing some interesting innovative experiments, and rushing in to do something for this new AI Agent frontier narrative; 3) At that time, web2AI was still engaged in a model performance arms race, while GPT4o and Sonnet 3.5 were still mainstream. There was no MCP, x402, A2A, OpenClaw, Moltbook, or the concept of Agent applications. However, the Crypto field had already initiated a wave of AI full stack innovation, creating wallets for agents, trading for agents, adapting chains for agents, and even building social networks through innovative experiments one after another. It was truly an era of on chain innovation where dreams dared to land; I don't remember anymore, saying too much brings tears. Finally, I would like to emphasize that this is not only a small essay mourning AI16Z, but also a new spark that ignites the old dream of innovation on the Crypto chain