The first and most essential difficulty in carrying out the project’s objectives was to construct a “correct” category of motives. One of our main achievements is the construction of a nice category MSp with promising evidence that it is correct, where MSp stands for “motivic spectra”. All relevant cohomology theories in algebraic geometry, including étale cohomology, crystalline cohomology, syntomic cohomology, and algebraic K-theory, are representable in MSp, and thus it provides a unified way to study those cohomology theories, realizing the philosophy of motives. Then we have obtained several useful equivalences in MSp, in particular, an equivalence of the n-th grassmannian and the stack of rank n vector bundles is proved. Furthermore, it was applied to algebraic K-theory, establishing a beautiful new characterization of algebraic K-theory, namely, it is universal among Zariski sheaves of spectra which admit an action of the Picard stack and satisfy projective bundle formula.