The concept of AI continues to heat up, and the capital market and encryption industry are quickly embracing AI technology. From AI-driven smart contracts, on-chain data analysis, to AI trading robots, AI-generated content applications, AI+encryption seems to be opening up new growth horizons. However, beyond technical exploration, market speculation is also rapidly spreading, with many projects quickly hyping up in the name of AI, raising concerns about bubbles. This issue will delve into the real landing scenarios of AI and encryption integration, explore the capital logic and risks behind it, and share practical ways to identify long-term value and short-term speculation in the AI craze.