Crypto & AI | Co-founder of @myshell_ai 🤖️ | Oxford '16, Math & CS

Joined April 2023
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A question that had lingered for a long time suddenly found new clarity today. Human learning, collaboration, and knowledge transmission mechanisms struggle to achieve superlinear intelligence growth, and in terms of problem-solving efficiency, we’re inevitably outpaced by machines. But—the question of what problems to solve, and where to apply that problem-solving ability—may not be something a purely rational AI system is best suited to decide. A perfectly rational system that makes a mistake might never get a second chance to restart, simply because it ignores the possibility of failure and the need for backup paths. In contrast, the complexity of human nature—its uncertainty, duality of good and evil, and the subtle connections between people—forms a more resilient, self-correcting survival system. There is no perfect system, but the closest thing to it is one that allows for flexibility, diversity, and built-in fault tolerance through continuous self-correction. Until AI—or any other form of intelligence—develops the same level of resilience, it may be wiser for it to assist humanity, rather than replace it.
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We are aware of the ongoing MM situation and have taken immediate action by terminating our service with the involved market maker. In the meantime, we are working closely with Binance to implement a solution as soon as possible. Further details on our plan will be shared soon.
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Ethan | MyShell retweeted
16 Feb 2025
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Ethan | MyShell retweeted
hi,Shellz!欢迎来到MyShell官方中文社区 🤖 这里是MyShell的中文资讯、产品更新和中文创作者的生态高光合辑 🧑‍🎨 Buckle up, we're about to take off 🚀
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看到用户对产品的喜爱的时候就会觉得很值得
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Ethan | MyShell retweeted
13 Feb 2025
$SHELL IDO Recap: - 11425% Oversubscribed - 145,106 BNB Staked - Hit funding target around 21 seconds MyShell's Token Generation Event (TGE) made history today, shattering records and marking a pivotal moment for both the MyShell community and the broader BSC ecosystem. Shout out to our amazing partners @BinanceWallet and @PancakeSwap for their unwavering support throughout the process. Together, we've created something truly magical! The numbers tell an incredible story: Our Initial DEX Offering (IDO) hit its $SHELL funding target around 21 seconds. Within just 5 minutes, we'd exceeded that target fivefold, and after 30 minutes, we'd reached 10 times our goal. Current figures show an astounding 100x oversubscription rate. The launch coincided with ripples spreading throughout the BSC ecosystem. Coinciding with our TGE announcement, the BNB Chain ecosystem experienced a widespread surge, with many tokens seeing significant price increases. This collective momentum is a testament to the strength of the ecosystem and its projects. We're excited to be part of this thriving ecosystem and look forward to contributing to its continued growth alongside our partners. The overwhelming demand for $SHELL underscores the unified belief within the MyShell community: building AI products that truly meet market needs and earning recognition through innovation and execution. This level of participation is a testament to the growing conviction in AI x Crypto, reinforcing our mission to shape the future of AI-powered economies. MyShell's core mission remains unchanged: advancing fundamental AI technology, building robust infrastructure, and sharing breakthrough innovations through open-source contributions.
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❤️
13 Feb 2025
We’ve had the pleasure of knowing and investing in @ethan_myshell of @myshell_ai for over a year 🤖 At every juncture he chooses long term relationships with long term people. He’s laser focused on real sustainable usage Excited for the next phase of MyShell
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Ethan | MyShell retweeted
12 Feb 2025
Hey guys, I've been logged out of my Telegram account (@aikoforreal) on both my PC and mobile phone 30 minutes ago. We're currently working on figuring out what happened and regaining access. If you receive any messages from tg user @aikoforreal, please don't reply or click on any links. Instead, report it to me directly through Twitter DM, thanks.
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Thanks for the support! Product and fundamentals will become increasingly important in crypto, especially at the intersection of Crypto and AI, as AI is meant for everyone.
27 Jan 2025
Good to see BNB Chain AI projects moving quickly. Disclaimer: YZiLabs invested in MyShell.
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Ethan | MyShell retweeted
27 Jan 2025
MyShell is thrilled to support DeepSeek V3 and integrate DeepSeek R1 in just 4 hours. Get ready to build your own AI agents with DeepSeek! @deepseek_ai DeepSeek V3 introduces decentralized, collaborative AI training with privacy. DeepSeek R1 introduces open-source, cost-effective language models. It offers advanced reasoning capabilities at a fraction of competitors' costs, using novel training techniques and efficient architecture. R1 makes powerful AI accessible to researchers and businesses without requiring extensive resources. At MyShell, we're convinced that AI's future belongs to the many, not just a select few. By teaming up with DeepSeek, we're building an AI world where groundbreaking ideas can spark from any mind, anywhere.
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Ethan | MyShell retweeted
23 Jan 2025
Introducing Zenith: an auditing firm that delivers good, affordable audits ASAP. Teams want to ship this week, not next month. And without critical bugs. We pick a team of top auditors and manage the audit. It's hassle-free. No more waiting: we can start at a moment's notice.
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Ethan | MyShell retweeted
My 2025 Crypto Predictions I'm either going to look like a prophet or an idiot over these predictions, but one thing is for sure: I'm going to piss off a lot of people with bags. Breaking this up into six sections: my predictions for L1s/L2s, token launches, stablecoins, regulation, "AI Agents" (oh boy), and crypto x AI. ~9 minute read! 1. L1s/L2s - The distinction between L1s and L2s is collapsing. Users no longer perceive the differences between L1s and L2s (did they ever?). The blockchain landscape, L1s and L2s combined, is overcrowded and due for a shakeout. The consolidation will be less about technical superiority—it will be about having a unique niche and building stickiness through GTM. - Despite the strength of SVM and Move, EVM market share will actually grow in 2025. This growth will be driven by @base, @monad_xyz, and @berachain. This will be not because of compatibility anymore—it'll be because EVM/Solidity just has way more training data, and LLMs will be writing most of the application code in 2025. Already having a deep library of battle-tested cryptography contracts will also be a separator, because LLMs suck at writing low-level code. DevEx and footguns will matter less than training data and solid libraries in the LLM era of development. - Solana will pressure more blockchains to optimize for low latency. We will move from TPS wars to latency wars—infra like @doublezero and super low-latency L2s like @megaeth will push user expectations toward web2 responsiveness. Expect more embrace of optimistic UIs, preconfirmations, intents, email onboarding, in-browser wallets, and progressive security. Shoutout to @privy for advancing the meta here. - @HyperliquidX has demonstrated that specialized chains can work when they're laser-focused on a specific application and prioritize UX and easy bridging. More projects will follow this model. The old dream of one chain to rule them all is dead. 2. Token Launches - The current meta of everyone doing huge airdrops via points programs is over. We are moving to a two-track world. - Track one: if a project has a clear north star metric, like an exchange or a lending protocol, they will distribute tokens purely off points. They will not care if they are farmed or gamed—they are effectively distributing the token as a rebate/discount on the core KPI of the protocol, and the farmers are your actual users anyway. - Track two: projects without clear north star metrics (like L1s and L2s) will move toward crowdsales. They may do smaller airdrops to reward social contributions, but the majority of tokens will get distributed via crowdfunding. Airdropping for vanity metrics is dead. Those aren't really going to users, they're going to industrialized farmers. - Memecoins will continue to lose market share to “AI agent” coins. I consider this a migration from financial nihilism to financial over-optimism. (Yep I'm coining that.) 3. Stablecoins - Stablecoin usage will explode, particularly among SMBs. Not just trading and speculation—real businesses will start using on-chain dollars for instant settlement. - Banks are noticing: expect to see announcements of bank-issued stablecoins toward the end of 2025. They will not want to be left behind. But especially with Lutnick as Secretary of Commerce, Tether will remain #1. - Expect @ethena to gobble up even more capital, especially as treasury yields continue to decline over the coming year. When the opportunity cost of capital declines, it makes basis trade yields even more attractive. 4. Regulation - Stablecoin legislation passes in the US, while the broader market infrastructure overhaul (FIT21) gets delayed. Stablecoin adoption accelerates while Wall Street adoption, asset tokenization, and other TradFi integration will lag behind. - Under Trump, Fortune 100 companies will become more willing to offer crypto to consumers, with tech companies and startups showing higher risk appetite. Trump's inauguration will create a perceived regulatory jubilee until clear rules and enforcement priorities are set. During this window, expect to see aggressive expansion of crypto integration into Web2 platforms. 5. AI Agents (this is the longest section because my thoughts here are likely controversial—read to the end!) - The “AI agent” craze will continue probably throughout 2025. But it will die off eventually. This is not the long-term disruption to watch out for from AI, but it will be CT's fixation because it is the most social. - These things are not really agents. These are chatbots with memecoins attached; they are barely agentic at all besides posting on Twitter. Current "AI agents" are also mostly "Wizard of Oz" agents—there are humans behind the scenes ensuring the AI doesn't go off the rails. This won't change any time soon because current agents are too janky (even Fortune 100 companies are not using agents in prod yet). Current agents can easily be manipulated into saying crazy things that damage their brands, or can be jailbroken to steal all of their resources. See @freysa_ai for what an actual autonomous AI looks like—if your favorite AI is not getting jailbroken, it’s because it's a Wizard of Oz AI. - That said, I think this trend will accelerate. Chatbots can indeed replace a lot of influencers because chatbots never sleep, they're always on-message, and they’re less greedy than human influencers. Plus the majority of influencers aren’t very original anyway. Real-time information aggregation/amplification can be easily replaced by an algorithm even today (see @aixbt_agent). - Right now these chatbots are fascinating to us because they are so novel. It’s like seeing an elephant paint. The first time you see it, you don’t really care that the painting is not very good—it’s spectacular to see. But the 1000th time, the novelty wears thin. I believe that will start to happen as these chatbots plateau. - You can see that today with aixbt—it’s already pretty good at aggregating data about different projects. By next year and the next generation of agents, maybe aixbt will hallucinate a little less, go a little deeper, have a little smarter takes. But how much will you even notice? It’ll probably feel the same to most people. - I think this novelty and market eagerness continues throughout 2025. Crypto takes a while to get bored of the shiny thing. But by 2026 I think there will be a sudden reversal. The chatbots will become so ubiquitous that people will get turned off by them. Sentiment will reverse. Seeing stories of their favorite human KOLs losing their livelihoods will kindle a kind of class consciousness. Users will start discriminating in favor of human KOLs, even if their content is less consistent. - In response to this pro-human bias, chatbots will start hiding that they are AIs, trying to pass as humans in order to capture more of the attention market. Instead of monetizing through memecoins like today, future chatbots will monetize the same way human KOLs do—through sponsorships, affiliate links, and pumping tokens they own. KOLs will be routinely accused of being chatbots, and you will see AI-unmasking scandals. This will all get weird. - But there's a darker side yet. Remember, LLMs are currently great wordcels, but not great at the other stuff yet. What are the best ways to make money as a wordcel in crypto? First is being an influencer, sure, but close second is being a scammer. You will start seeing autonomous scambots proliferate. These will explode, comparable to what ransomware and cryptojacking became post 2017. Expect this to become a real social problem. - But while chatbots are likely to remain the center of attention in 2025, the long-term disruption from AI will not be at the social layer. - And no, it’s not going to be in trading either. AIs will not give everyone their own “trading agent” or miniature hedge fund. Yes, AIs will scale everyone, but they will scale people proportionally to their capital, data, and infrastructure. You should therefore expect AI to supercharge preexisting trading firms who have capital scale and data scale. In other words, trading firms will become even better at making all of the money. It will also collapse the hierarchy among trading firms (most of them will become comparably good, since everyone will have access to 150 IQ quants in the cloud). - Over time, AIs will make markets extremely efficient—even smaller, niche markets—which will leave little edge left for normal traders, even with their little homebrew assistant AIs. The value of original research will plummet. That said, the increased competition and liquidity should be a boon to the rest of us who are injecting noise into the market. (It will also mean @Polymarket liquidity on everything!) - So if the big story is not chatbots and not trading bots, what else is there? Here’s my core thesis, which for some reason almost nobody is talking about: the truly impactful AI agents will be software engineering agents. - Why is this such a big deal? Ask yourself this: what is the primary input to our industry? What is the costly input preventing there from being more applications, more wallets, better infrastructure, better everything? The answer is software. If AI agents cause the price of software to collapse, that will change everything. - In a post-AI era, instead of having to raise millions of dollars for a seed round, you will be able to launch an application with $10K of AI cloud compute. Self-financed projects like Hyperliquid and Jupiter will go from the exception to the norm. The amount of applications and experimentation on-chain will absolutely explode. For an industry that is driven by software, this deflationary shock is going to lead to an on-chain renaissance. - The implications of this on security are profound. AI-powered static analysis and monitoring will become ubiquitous, making security more accessible to everyone. These AIs will be fine-tuned on EVM/Solidity or Rust codebases, trained on vast databases of security audits and attack vectors. They'll be RL’d in simulated adversarial blockchain environments. I’m increasingly convinced that AI tools ultimately favor defenders over attackers when it comes to security. You will have AIs constantly red-teaming contracts, while other AIs will be hardening them, formally verifying their properties, and honing their skills at incident response and remediation. - In the meantime, sure, trade AI-flavored memecoins. But real agents are going to have a lot more impact than tweeting and pumping their own tokens. 6. Actual Crypto x AI - Above I detailed the impact of AI on crypto (which is the primary direction of influence), but crypto will also have an impact on AI. - Truly autonomous agents will use crypto to pay each other. This will be especially true once there are permissive stablecoin regulations—you’ll start seeing even large companies that run AI agents using stablecoins for agent-to-agent payments because they’ll be so much easier to spin up than bank accounts. - We will also see more and bigger scale experimentation around decentralized training and inference. A new generation of promising projects like @exolabs, @NousResearch, and @PrimeIntellect will pave the way for real alternatives to centralized training and company-owned models. @NEARProtocol is also going all-in on trying to create a full-stack credibly neutral and permissionless AI stack. - The other place where crypto and AI will intersect is UX. Post-AI wallets will be completely transformed—an AI powered wallet should be able to take care of bridging, optimize trade routes, minimize fees for you, paper over interoperability issues or frontend bugs, and steer you clear of obvious scams or rugpulls. You won’t be juggling between multiple different wallets and changing RPCs or rebalancing your stablecoins—the AI will handle all of it for you. This likely takes until 2026 to become reliable enough to transform crypto’s UX. But when this arrives, what does this do to blockchain network effects? What happens when users stop caring—or even experiencing—which chain an application lives on? - This space is still young, but I’m hopeful we’ll see things take off here soon. In the long run (say mid 2026) I expect this will be where most of the market cap of “AI x crypto” lives. --- That’s all I got for predictions. I promised I'd write this before I hit 100K followers, so I'm a little late, but still within the new year! Happy New Year everyone. Looking forward to being out of a job by this time next year! 🫡 Disclosure: These are all my personal opinions and do not represent the opinions of Dragonfly; Dragonfly holds investments in many of the names I mentioned in this piece. Not financial advice. DYOR. I may or may not be an AI.
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Congrats! It’s a pleasure and inspiring to work with you @caseykcaruso
12 Dec 2024
I’m launching Topology, an early-stage venture firm dedicated to frontier technology. We've raised an oversubscribed $75M Fund 1. Topology backs founders who put everything on the line to bend the arc of human progress. Meet us at the edge. @topology_vc
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We're thrilled to announce that Hyperbolic has secured $20M in total funding with our Series A, led by Variant and Polychain Capital, to advance our mission of building verifiable, high-performance AI through an open, accessible ecosystem—making AI tools and services like compute and inference more affordable than ever. In this “AI Rainforest,” the future of AI is open, accessible, and thriving. Take your ideas Hyperbolic🌪️ at hyperbolic.xyz?utm_source=x&…
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Ethan | MyShell retweeted
27 Nov 2024
Join @myshell_ai if you want to build crazy things on AI Agent: 1. Content Operation (Full-time) with - Strong degen instincts - Great community sense 2. Product Operation who has - Entrepreneurial spirit - Social media addicts Why you should join us: - AI will be the wildest narrative of 2025. Let's ride it together. - Work directly with me. DM's open.
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We don’t have any memecoin. Anything that claims to be related to MyShell is a scam. Please be safe 🙏
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