0xrick

@0xsexybanana 长期来看和 Blast 可能是差不多的结局......主要看一年内能不能有符合主流叙事并且真正能造血的应用出来了。

1.Key members' background Wu Xiankun @roninsks Born in 1995; Co-founder & COO of RCT AI. Attended Hefei No. 1 High School. Chris Zhu @Chrizhuu Real name: Zhu Yuan . Graduated with a bachelor's degree from NYU Stern School of Business. After graduation, he joined ByteDance and Lark (Feishu); however, he left after less than six months to join RCT in mid-2021, initially starting in a BD role. Later, leveraging his Canadian passport, he initially served as a "fall guy" to take the heat; he launched the Mirror World NFT series, publicly branding himself as the youngest and most handsome founder，before subsequently spinning off independently to continue reaping profits. Zhang Yan（张言） Born in 1995; Co-founder & CMO of RCT AI. Graduated with a bachelor's degree from the Central University of Finance and Economics in Beijing. Zhang Yan（张岩） Co-founder & CTO of RCT AI. Graduated from Beihang University (Beijing University of Aeronautics and Astronautics). He was recruited to RCT by Chen Yuheng in 2021. Chen Yuheng Born in 1992; Co-founder & CEO of RCT AI. Holds a bachelor's degree in Software Engineering from Beihang University. Formerly the COO of Raven Tech. Lv Cheng @jesselyu Born in 1990; Co-founder of RCT AI. Founder of the former Raven Tech. 2 @rct_ai History From 2018 to 2020, RCT AI’s business development was far from smooth. However, they eventually identified their true strengths—the very same core playbook employed back in their "Raven Tech" days: Cultivating a public persona, driven primarily by PowerPoint presentations. On one hand, Wu Xiankun, Zhang Yan, Chen Yuheng, and their associates publicly proclaimed that RCT AI was the only Chinese enterprise collaborating with Baidu on both GPT-2 and GPT-3 technologies. In reality, however, RCT’s product consisted merely of wrapping a user interface around these external APIs—falsely presenting them as their own proprietary core models and algorithms—in order to hoodwink potential partners in Beijing and across mainland China into entering commercial collaborations. On the other hand, they lavished substantial investment capital on purchasing spots on the *Forbes* "30 Under 30" list—going so far as to buy titles for their own business development (BD) staff as well (likely at a bulk discount)—thereby further solidifying their carefully crafted "elite" image. They were acutely aware that, lacking any proprietary core models or algorithms of their own—and being, in essence, a shell company—their commercial partnerships were ultimately destined to fail. Yet, they also knew that the truth would take time to surface; thus, they seized the opportunity presented by the initial partnerships to generate PR buzz, leveraging that publicity to secure further rounds of financing and turn a profit. Through this strategy—combining top-tier fundraising pitches with a lavish yacht party thrown in mid-2021 to cultivate connections—RCT AI successfully secured a Term Sheet (TS) from Hillhouse Capital in 2021. For a brief moment, they basked in boundless glory. But paper cannot conceal fire forever; as the 2021 yacht party faded into memory, their "honeymoon period" with Hillhouse Capital drew to a close. As Hillhouse entered the final phase of financial due diligence, they discovered that RCT had been consistently funneling massive sums—ostensibly labeled as "technical service fees"—from its domestic entity (Beijing Zhijuezhimen) to an offshore entity. This offshore entity had been deliberately shrouded in secrecy—a classic textbook example of a scheme designed to: Drain investor capital and divert the raised funds. As a titan of the mainland Chinese venture capital scene—possessing unparalleled experience and acumen—Hillhouse quickly realized that Chen Yuheng, Wu Xiankun, and their cohorts could offer no plausible justification for these "technical service fees." Consequently, they immediately withdrew their Term Sheet and formally rescinded their decision to invest in RCT AI. Given Hillhouse Capital’s immense influence within the traditional investment community, such an abrupt cancellation of a deal sent shockwaves through the industry. As other co-investors privately uncovered the true nature of the situation, they, too, swiftly opted to withdraw their capital. The guys at RCT Ai suffered a massive setback in their fundraising efforts, but they realized they still had one asset left: the established public persona they had carefully cultivated. Consequently, they quickly decided to abandon the traditional AI sphere and pivot in a new direction. This time, they succeeded—successfully duping another industry out of its capital. That industry is called: Crypto. Throughout this entire process—aside from their internal team—their greatest external ally was Ryan You from Galaxy. @NihilusBTC @Zorathzzz @JuliusElum @ER404i @CryptoInsightsX @Mertkarayeel @Kucoingemfinder @Bitcoinhabebe @MariusSm1th @ferra_protocol @ilmoi @HelloBenWhite @leshka_eth @justdream @solo_leveling_p @CoinDesk @coingecko