Michael Nicolletos

So that AI agent needs to be assigned to someone.

In a KYC world where AI agents have to happen, how do you verify everything?

Through blockchain.

Blockchain is the easiest way, at least from my understanding, to keep a ledger to understand what that agent has done and if we can prove what actions he has taken.

Now, so I think the third killer app will be the KYC for AI agents.

That's my understanding.

Now, I think there will be many chains.

They will compete.

Like there were many telecoms, like there were many computer companies.

It's going to be one of these cases.

And the change that can provide an extra value or extra security or extra speed or...

a cheaper price.

It's going to be like any other product.

You're going to have many chains and some chains will dominate because of the reasons I just described.

It feels to me that you're going to have a regular account and a stablecoin account.

You'll be able to transfer from one to another at any time and then do your transactions at a faster speed.

I think that in terms of how many chains and how these chains are valued, there are two ways of valuing it.

One is the network value of how that chain, how many transaction is processing.

So you cannot be processing a trillion dollar transaction and your chain to be valued less than that.

So there will be that effect.