Fidelity flags six risks to the thesis that AI agents will drive blockchain growth

Fidelity Digital Assets has outlined six risks that could undermine the investment thesis that the spread of AI agents will translate into growth for public blockchains, according to BeInCrypto. - AI agents may not use public blockchains, as closed systems run by big tech and fintech firms could capture related demand by offering better performance, costs, user experience, and regulatory clarity. - Rising payment activity may not lift the value of blockchain-native tokens, as payments can increase transaction volume while generating relatively low fees, leaving stablecoin issuers and related service providers as the bigger beneficiaries. - Higher software output driven by AI does not guarantee an increase in economic value. - Technological differentiation could weaken, as AI may commoditize development and shift competitive advantages toward liquidity, distribution networks, security, and trust rather than the technology itself. - Security risks could grow, as AI may lower not only the cost of writing code but also the cost of finding vulnerabilities. - Regulatory and compliance issues could lead institutions to favor systems with clearer identity verification and permission management over public blockchains during the adoption process.