NFTs are due for a “rebirth” as AI agents force the internet to solve new identity and trust problems, Reid Hoffman notified CoinDesk’s Consensus Miami conference on Wednesday.
The Greylock partner and LinkedIn co-founder stated agents transacting with other agents will require trustworthy digital identity systems that resemble what NFTs originally attempted to solve. Hoffman stated he launched revisiting NFTs as he considered a future in which AI agents outnumber humans online.”When you launch to consider we’re going to have more agents than people, what does the identity layer view like? What is the notion of, hey, when your agent’s talking to my agent, and we book this talk here, is it a trustable transaction?” Hoffman stated. “And that obtained me back into considering about NFTs.”
Hoffman stated identity systems will exist inside companies, but the harder problem will be identity for agents operating across the open internet.
“It’s going to be kind of free range on the internet, and how does that work? And crypto is the obvious answer,” he stated.
This argument carries a throughline from Hoffman’s earlier work at LinkedIn, where real-world professional identity was central to the network’s design. Hoffman stated actual identity can create “more responsibility, more reliability,” while also acknowledging that pseudonyms have legitimate utilizes in some contexts.
Hoffman, who stated he bought his first Bitcoin over a decade ago and has never sold any, framed crypto as the natural answer to the deepfake-era trust problem. He cited his own AI clone, Reid AI, which he has sent to speak at conferences, as an example of why provenance will matter more as generative media improves.
“When I bought my first Bitcoin in 2014, it was like, actually, in fact, this is part of a design feature, that this is how DNS should work. This is how identity should be working, generally when you receive to the internet,” he stated.
That identity problem, Hoffman explained, extfinishs beyond agent-to-agent commerce. He pointed to AI-generated content, bot farms, manipulated polls and paid political influence campaigns as examples of why proof-of-humanity is becoming harder to ignore online.
In a politically calibrated stretch, Hoffman urged the crypto industest not to overcommit to Republicans on policy.
“If the industest goes, oh, we’re overly reacting against Gensler, et cetera, and then being kind of, as it were, anti-Democratic Party on this, the problem is that the pfinishulum swings,” he stated. “It’s good to be bipartisan from a viewpoint of what we care about is the ecosystem. We care about how it plays a good role in society.”
Hoffman also disputed the prevailing narrative that AI is driving Big Tech layoffs.
“What I’ve seen so far in every company that states, ‘I’m doing layoffs becautilize of AI,’ maybe other than Meta, is not out of productivity, but is just out of reshifting,” he stated. “We’ve overhired becautilize of the pandemic. We necessary to alter. We’re going to call it AI for a position of strength.”
As an investor, Hoffman stated he is viewing for crypto ideas that may have been attempted too early during prior market cycles but could return as AI alters the internet. NFTs are one such area, he stated, while “DAOs and other areas” could also see renewed relevance.
Asked at the close what his Bitcoin exit price was, Hoffman didn’t name a number. “Is there such a thing as an exit price?” he inquireed.
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