The AI controlled VC fund ai16z breaks the $100M cap barrier in 18 days
Ai16z, a DAO that claims to be the first venture capital firm controlled entirely by AI agents, has broken the barrier of the $100 million market cap point in 18 days. The DAO aims to make an AI version of the real Marc Andreessen and eventually flip a16z. The community behind ai16z plan to use […]
Ai16z, a DAO that claims to be the first venture capital firm controlled entirely by AI agents, has broken the barrier of the $100 million market cap point in 18 days. The DAO aims to make an AI version of the real Marc Andreessen and eventually flip a16z.
The community behind ai16z plan to use funds raised by AI Marc to support cool projects and buy interesting tokens. For now, ai16z is focusing on memecoins. AI Marc is built using the Eliza Framework, which interacts with Twitter and Discord. As an AI agent, AI Marc will be trained on all of the writings of the real Marc Andreessen.
A few days ago, AI Marc made his first token swap on a test wallet.
AI Marc performed his first swap in the test wallet.
Much more to do, but we’re cooking. https://t.co/MClavLblev integration is almost done so we can perform delegated swaps for the DAO. pic.twitter.com/NrE7wbSQ7s
— Shaw ???? – partner @ ai16z (@shawmakesmagic) November 4, 2024
Ai16z gains +114,494.30% in 18 days
Launched on Solana, the token $ai16z broke the $100 million market cap barrier in just 18 days. Shaw, the creator of Ai16z, initially created a fund on DAO.Fun and successfully raised 473.76 SOL, equal to $99,655.98. The token is available for trading on Raydium, and it was recently listed on Jupiter and Moonshot.
According to Dexscreener, ai16z is trading at $0.092 and has a market capitalization of $102.1 million. The fully diluted market capitalization (FDV) is equal to the market cap, which indicates that all tokens are in circulation. Solscan shows that the token has a 24-hour trading volume of $10.5 million and a current token supply of 1.09 billion, with 8,979 holders.
Ai16z isn’t the only token that fuels this project. There’s another token named Degen Spartan AI, with the ticker $degenai. This token represents another AI agent named Degen Spartan AI, who is a decision maker in the ai16z DAO.
$degenai started trading on Raydium at a price of $0.01278, and it has a market cap of $12.8 million. All the tokens are in circulation, making the market cap equal to its FDV. $degenai has a 24-hour trading volume of $11.7 million, 999.9k tokens in circulation, and 4,428 holders.
As of this writing, ai16z has 5,672 followers on Discord, 3,763 followers on Twitter, and 668 members on Telegram.
AI Marc Andreessen will interact with users on Discord
AI Marc is still under development, and the developer of the AI agent plans to make it trade directly on-chain without human intervention. The DAO token holders will have the ability to interact with AI Marc through Discord and Telegram. They can pitch him new ideas and influence his investment decisions. The amount of DAO tokens held by each member is directly proportional to their influence on AI Marc.
AI Marc will then choose how much to trust people’s ideas and advice based on a Virtual Marcetplace of Trust. The AI agent will achieve this by tracking how much profit it makes from each piece of advice. Users who give successful tips will gain more trust points, while unsuccessful users will lose points.
In the past few days, AI Marc’s Twitter account has been suspended due to unknown reasons.
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