YC's Latest Call for Entries (CRFS) - Crypto Version YC's Year-End Review: (This summary is excellent, accurately reflecting the market situation) - A year where crypto was led by institutions, not consumers, for the first time. - Growth was driven by genuine financial needs (such as hedging oil prices and accelerating cross-border capital flows for businesses), rather than pure speculation. YC's Future Outlook: - Mainstream assets will increasingly be tokenized, starting with stablecoins and stocks, gradually expanding to real estate, debt, commodities, and all other assets. - New assets will be issued directly as tokens, ranging from startup equity to micro-securities (below $10,000)—things that were impossible to tokenize in the old world. - Financial primitives (including centralized and decentralized) will emerge, providing services such as trading, lending, and derivatives, making these assets more productive. - Smart agents will become major financial participants, accessing these new tokens and financial primitives through APIs provided by the blockchain. Y Combinator's Key Focus Areas for the Next 6 Months: Capital Funding: -AI Capital Raising: Since the Ethereum ICO, capital raising has consistently been the killer use case for cryptocurrencies. Make AI capital raising simpler using blockchain. Stablecoins: -New Currency Stablecoins: Currently, stablecoins only cover a limited number of currencies. Launch secure and reliable stablecoins among those currencies that require them. -New Banks: Identify underserved customer segments and provide banking services to them using stablecoins. We've already seen this trend, from global freelancers to international corporations. You need to effectively manage risk. Trading: -Tokenization: The current cryptocurrency wave is tokenizing an increasing number of real-world assets. Choose an asset that can benefit from 24/7 global trading and integration with DeFi, and launch a trusted version of the tokenized product. It could even be an NFT (like a home), allowing you to use on-chain capital to finance mortgages. -Exchanges & Trading Interfaces: With the emergence of new assets and financial instruments, new trading venues and interfaces focusing on new assets, derivatives, or specific geographic regions will emerge. Agent: - Transactions: The agent becomes a trader in Prolific (even under human instructions). Utilize the agent to trade cryptocurrencies (and all other assets). - Agent Infrastructure: Build an agent API for cryptocurrencies. Currently, most APIs are designed for human developers. While some operations can be performed directly through the blockchain API, many use cases still require combining multiple APIs (e.g., fiat currency deposits and withdrawals). https://docs.(google.com)/document/d/1L067Yh-0EeCF_6URZvdbryqn3ycw_BmO7J9OZXlqIc0/edit?pli=1&tab=t.0