Geoff Woo Divides Cryptocurrencies into Three Categories for the Agent Era
Notable investor Geoff Woo posted that cryptocurrencies in the AI Agent era can be divided into three categories: casino junk, misunderstood infrastructure, and programmable trust in markets where humans are no longer the bottleneck.
He pointed out that most VCs are still focused on mocking the first category of "casino junk," while overlooking that real alpha is forming in the second and third categories.
The third category focuses on autonomous trading, payment, and coordination scenarios between agents, with programmable trust becoming the core infrastructure.
Source: Public Information
ABAB AI Insight
Geoff Woo, an active investor at the intersection of crypto and AI, has previously analyzed paradigm shifts through posts. This classification continues his long-standing optimistic view on the "Agent Economy," similar to his emphasis on RWA and DePIN transitioning from infrastructure to practical applications in 2024-2025.
In terms of capital flow, top VCs are shifting funds from meme/casino projects to Agent payment protocols, on-chain verifiable computing, and autonomous economies, aiming to lock in the trust and settlement layers between agents through early investments, with the goal of capturing new capital allocation rights after human decision-making is removed.
This mirrors the early internet's evolution from "junk websites" to infrastructure and platforms, as well as Ethereum's transition from the ICO boom to the actual implementation of DeFi. The crypto industry is currently at a critical watershed stage, transitioning from speculative narratives to agent-native infrastructure.
Essentially, this represents a restructuring of the industry chain: the Agent era will transform crypto from a human speculative tool into trust and coordination protocols between machines, shifting capital from retail casino traffic to programmable trust infrastructure. Mechanically, this is achieved by eliminating human bottlenecks to create a 24/7 autonomous market, driving value from narrative speculation to actual agent economic activities.
ABAB News · Cognitive Law
Those who mock bubbles often miss the new infrastructure beneath them. True alpha is not found in the noise, but in the trust layer that can still operate after humans exit. The next generation of wealth does not belong to the best storytellers, but to those who understand trust between machines.