{"id":18125,"date":"2024-10-28T11:10:51","date_gmt":"2024-10-28T09:10:51","guid":{"rendered":"https:\/\/forklog.com\/en\/ai-bot-token-ai16z-reaches-market-cap-of-100-million\/"},"modified":"2024-10-28T11:10:51","modified_gmt":"2024-10-28T09:10:51","slug":"ai-bot-token-ai16z-reaches-market-cap-of-100-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ai-bot-token-ai16z-reaches-market-cap-of-100-million\/","title":{"rendered":"AI Bot Token ai16z Reaches Market Cap of $100 Million"},"content":{"rendered":"<p>The AI bot ai16z has emerged as the largest fundraiser on the new platform for financing and trading meme coins, Daos.fun, according to <a href=\"https:\/\/www.theblock.co\/post\/323192\/marc-andreesen-shoutouts-help-ai-powered-vc-fund-ai16z-to-nearly-100-million-market-cap\">The Block<\/a>.<\/p>\n<p>The platform enables the acquisition of capital for further trading on behalf of investors. These investors receive tokens that can be exchanged for the fund&#8217;s underlying assets or sold. <\/p>\n<p>Ai16z is not affiliated with the well-known venture capital firm Andreessen Horowitz (a16z). The bot&#8217;s creator borrowed the name, which is familiar within the crypto community.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The goal is not to make an AI parody of Marc Andreessen.<\/p>\n<p>The goal is to beat him and what he is the best at.<\/p>\n<p>To make highly compelling agents, we have to play the game their community is playing. We can make a crude facsimile of Marc&#8217;s personality who tweets and comments and\u2026<\/p>\n<p>\u2014 Shaw ? (( spirit\/acc )) (@shawmakesmagic) <a href=\"https:\/\/twitter.com\/shawmakesmagic\/status\/1849696851542540742?ref_src=twsrc%5Etfw\">October 25, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe goal is not to create an AI parody of Marc Andreessen. The goal is to beat him and excel at what he does best,\u201d he noted.<\/p>\n<\/blockquote>\n<p>The artificial intelligence manages approximately $1 million in funds. The market capitalization of its token approached $100 million at one point following a mention by Andreessen himself. It later decreased to the current $42 million. <\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXdPGWRzDUkWiA-wx8cIGMAbJAbRpp0i1gGtAeP5c1Q6wgolTzbGJsMFYchf4CdbzODGdglF3RXJEGBWOE87T5YnXKY8tPdE4p8xFjHajvLnY2FE19Iqlz3JqRH2w3XUa70My1QLtTEpNIQgNk61mOxhoO3t?key=HoO5WrPmR5tC_h0luWMJZGUT\" alt=\"AI Bot Token ai16z Reaches Market Cap of $100 Million\"\/><figcaption class=\"wp-element-caption\">15-minute pricing chart of the a16z token. Data: <a href=\"https:\/\/dexscreener.com\/solana\/duyfmgxa4knxv2sm754ukw1gz6b3zksaf4e7iby4fg9r\">DEXScreener<\/a>.<\/figcaption><\/figure>\n<p>The token&#8217;s growth exceeded 2000% in 10 hours.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Hey, I have that T-shirt. ? <a href=\"https:\/\/t.co\/98FQ4x9Mxl\">https:\/\/t.co\/98FQ4x9Mxl<\/a> <a href=\"https:\/\/t.co\/5ZLXuftZES\">pic.twitter.com\/5ZLXuftZES<\/a><\/p>\n<p>\u2014 Marc Andreessen ?? (@pmarca) <a href=\"https:\/\/twitter.com\/pmarca\/status\/1850332392340467933?ref_src=twsrc%5Etfw\">October 27, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cHey, I have that T-shirt,\u201d Andreessen wrote, sharing a screenshot of the fund&#8217;s avatar.<\/p>\n<\/blockquote>\n<p>The fund&#8217;s creator promised to allow community members to offer recommendations regarding the AI bot&#8217;s trading. Their influence will depend on the number of tokens held and the quality of their advice. <\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIn the near future, AI Marc will be able to make trades autonomously, based on information and recommendations from the community. Human intervention will be minimized,\u201d according to the project&#8217;s Discord channel. <\/p>\n<\/blockquote>\n<p>In October, the AI-based trading bot earned 780.8 SOL by trading 10 meme coins over five hours.<\/p>\n<p>Previously, Andreessen Horowitz supported the AI bot Truth Terminal, which led to a significant rise in the meme coin GOAT. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The AI bot ai16z has emerged as the largest fundraiser on the new platform for financing and trading meme coins, Daos.fun, according to The Block. The platform enables the acquisition of capital for further trading on behalf of investors. These investors receive tokens that can be exchanged for the fund&#8217;s underlying assets or sold. Ai16z [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18124,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[438,1161],"class_list":["post-18125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-artificial-intelligence","tag-memes"],"aioseo_notices":[],"amp_enabled":true,"views":"31","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=18125"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18125\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/18124"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=18125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=18125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=18125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}