BTC ecosystem leader Merlin founder Jeff: Our mission is to reshape BTC utility

Recently, Bitcoin has broken through $120,000, setting a new historical high, but the Bitcoin ecosystem seems a bit quiet. Nevertheless, there are still some steadfast individuals working diligently in silence, and Jeff, the founder of Merlin, is one of them.

At this critical moment, Jeff shared the latest progress of Merlin in the BTCFi and AI Agent products and revealed the RWA project plan set to launch in early August. At the same time, he also publicly shared his inner reflections since the founding of Merlin for the first time.

How Merlin "Reimagines BTC"

Jeff stated that Merlin initially explored BTCFi mainly based on market demand. At that time, investors not only wanted to hold Bitcoin, but also hoped it could have income-generating properties. Although Merlin faced controversies in its early days, it now appears to have provided valuable experience for later BTCFi protocols.

Currently, BTCFi has stabilized in terms of product form and technology, but the biggest bottleneck it faces is the yield and BTC capacity. Jeff believes that as long as stable income sources and safe and reliable technical solutions are provided for users who hold BTC for the long term, they will continue to manage their BTC here.

Merlin's Bitcoin staking income mainly comes from three aspects: multi-chain liquidity provision, trading arbitrage, and providing AVS services for new projects. Jeff stated that Merlin is more focused on how retail investors can participate in BTCFi, which mainly includes hold, earn, and invest.

Bitcoin Holder's Crypto Trading Entry: Merlin Wizard

Merlin Wizard is an AI assistant that currently has two main functions: trading decision assistance and trade execution. It can help users address concerns, make trading decisions, and directly execute some complex trading operations.

Jeff revealed that the Wizard 1.0 version will be launched in early August, at which time users will be able to directly converse with the AI Agent and use BTC to complete various transactions. He believes that the future entry point for cryptocurrency transactions will definitely evolve into the form of AI agents.

The Future Development of Merlin

Jeff stated that Merlin plans to launch a new project in early August, bringing RWA into the BTC ecosystem, tokenizing real-world assets such as collectibles, anime, and IPs, and enabling on-chain transfer, trading, and lottery functions.

Although the popularity of Merlin has declined somewhat, Jeff believes that "how to navigate through cycles" is an important proposition. He emphasized that the biggest problem is not the spotlight being taken away, but rather the difficulty of continuing to find the right direction when market enthusiasm is not on your side.

Jeff admitted that every day there are moments when he wants to give up, but seeing the entire industry recovering and thinking about the project coming back into everyone's view, he still chooses to persevere. He hopes that more builders and users can truly join in to help build the Web3 ecosystem.