a16z Personally Enters the Market to Operate Meme AI16Z? VC Supports AI Meme Coin Craze
This article is authorized to be reprinted from Daily Coin Research
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In recent developments in the cryptocurrency market, $BTC briefly fell to $65,500 on October 26 and then rebounded to around $67,000, continuing to fluctuate. The price of $SOL continues to be strong after setting a new high against sol/eth exchange rate, fluctuating around $170-175.
Introduction – AI Wizard Marc Andreessen's New Creations $DEGENAI, $AI16ZRemember the meme coin $GOAT that went live on Binance within two weeks? One of the creators, Marc Andreessen (the one who sent 50,000 USD worth of BTC to AI), also known as a co-founder of the well-known venture capital firm a16z, has come up with new creations:
Related tokens $degenai and $ai16z saw astonishing gains on Sunday, here are the figures as of the deadline
- $AI16Z: surged over 20 times in 12 hours, with a peak market value of nearly 100 million USD, currently at 68 million USD, and a trading volume of 31 million USD
- $DEGENAI: surged over 10 times in 12 hours, with a market value of 19 million USD, and a daily trading volume of 27 million USD
source: dexscreener
Let's dive into the story behind these developments.
a16z's Focus on the AI Track in This Bull Market Cycle, Propelling the Crypto Wave with the Meme Coin $GOAT?a16z Investment Fund OverviewWe all know that the current AI craze is closely related to the efforts of a16z. a16z is an investment fund founded in 2009 by Andreessen Horowitz, Ben Horowitz, and Chris Dixon (co-founders). In 2013, they launched a specialized fund, a16z Crypto, focusing on the crypto industry, which still wields significant influence. In this bull market cycle, they have invested heavily in various AI projects, including PIN AI, Gensyn, and even announced plans in March this year to raise $6.9 billion to invest in a range of AI projects, including two funds dedicated to AI.
The Craze of $GOAT Meme CoinMarc Andreessen discovered the craze for goat memes at Truth Terminal and sent 50,000 USD worth of Bitcoin to help them escape, but could not stop Truth Terminal from constantly tweeting goat gospel until it eventually gave birth to the meme coin $GOAT, which reached a peak market value of 300 million USD in less than a week.
The frenzy around $GOAT is not only reflected in its price but also in its increased discussion in the market. According to the AI engine Kaito, $GOAT has the highest meme mindshare (8.53%) and is the sixth most discussed coin in the market.
Naturally, such a high level of market discussion did not go unnoticed by leading exchanges. Binance announced on October 25 that it would list the $GOAT token contract, causing the price of GOAT to continue to soar to a peak of 0.94 USD, equivalent to a market value of 900 million USD, approaching the token market values of major DeFi projects such as $LIDO (Lido Finance), $MKR (MakerDAO), and $ENA (Ethena).
How Did $DEGENAI, $AI16Z Meme Coins Emerge?The Emergence of AI Version MarcA Twitter account named Marc "AI"ndreessen created the ai16z fund through daos.fun. This fund automatically buys various meme coins with the raised 420.69 SOL funds through AI and chat dialogue, embodying the personality of the original Marc Andreessen. Anyone can participate, and early investors will benefit from the fund's future growth.
The token $ai16z represents the tokenized assets of this fund. Holders of $ai16z can recommend tokens to AI Marc for consideration, with each user having a trust value that varies based on their holdings of the $ai16z token.
The entire process is executed automatically, and the code is open-source: https://github.com/ai16z/eliza/
Fund link: https://daos.fun/HeLp6NuQkmYB4pYWo2zYs22mESHXPQYzXbB8n4V98jwC
Currently, trading can only be done on the daos.fun website, but the founders are working on a way for DAOs to migrate liquidity to DEXs that support the token2022 standard and are supported by the jup aggregator.
After the real founder of a16z, Marc, retweeted the following image, a drastic reaction occurred, with $ai16z surging over 20 times in 12 hours, reaching a peak market value of nearly 100 million USD.
Following the surge in the price of $ai16z, the developers who created the $ai16z token also launched the $degenai token. The ai16z fund itself holds a significant amount of $degenai tokens. Behind the $degenai token is another AI agent, providing simple chat and investment advice.
The management fee of the ai16z fund is 8% of AUM (Assets Under Management), with 80% repurchasing $degenai tokens and 20% repurchasing the fund token $ai16z, meaning the two tokens are tied together.
This platform is also incubated by AllianceDAO, which has incubated meme coin launch platforms that have generated over 100 million USD in profit, such as Pumpdotfun and meme coin trading platform Moonshot. It can be said that AllianceDAO dominates the Solana meme market and now collaborates with investment institutions like a16z? Its influence is immense.
As of the deadline, the ai16z fund has not yet made investments, please be aware of token withdrawal risks
This AI craze was ignited by AI agents, what is an AI Agent?An AI Agent is a powerful technology designed for specific tasks that can autonomously understand tasks, plan steps to complete tasks, execute all steps, handle errors and exceptions, and deliver results. The most popular AI agents recently are terminal of truths and the virtual live host Luna in the Virtual platform.
The largest AI model repository, Huggingface, offers over 10,000 fine-tuned open-source LLMs to choose from, each with different scales (larger models generally have stronger capabilities but higher operating costs), unique features (e.g., uncensored, good at math or reasoning, support for larger context lengths), domain-specific knowledge (e.g., medical, programming languages), and styles (e.g., speaking like a teacher or a pirate, responding with code, etc.).
Although powerful LLMs can serve as the brain of AI Agents, AI Agents still need to be connected to external data sources, access domain-specific knowledge bases, content parsing storage, and external execution tools to function smoothly.
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