Chainfeeds Summary:
AI and meme have combined into a new track with more imaginative space - the AI meme track. BlockBeats author CMed, through a review of GOAT's development history, analyzes the huge information gap currently existing in the crypto market, the concerns about the current AI meme track, and the future hype direction and logic of the track.
Source:
https://www.theblockbeats.info/news/55450
Author:
BlockBeats
Viewpoint:
BlockBeats: Under the background of the PVP mode on the PUMP platform, most of the so-called "breakout" large MC memecoins were unable to maintain a relatively high market value on the same day. The first reason for GOAT's popularity was mainly due to a16z and Marc's reputation, as people were "riding" the concept of the AI-Bot invested by a16z, so GOAT reached $20m and then encountered the first stage top, and its performance was similar to many Solana "half large MC memecoins", with the price quickly falling back to around $6m on the same day. It is clear that people's expectations for GOAT are still in the PVP logic, and they have not considered the sexy concept and imaginative space of AI token issuance. Interestingly, the GOAT case seems to show the extremely long time chain of forming value consensus in the crypto market, in this industry where information transmission is extremely fast, the "information arbitrage" space is not as small as many people imagine. GOAT broke through the PVP logic and became the turning point of the PVE concept, benefiting from the push of Moonshot. After Moodeng, Moonshot began to be seen by the crypto industry as the "Upbit of the meme world", and many meme tokens that were listed on Moonshot also gained good gains in a short period of time. On October 13, the Official Twitter of Moonshot announced the listing of GOAT. After breaking through $100m, GOAT's momentum became unstoppable, setting new highs one after another, and breaking through the $200m mark in just 2 days. The consensus of PVE and AI meme is gradually expanding, and is forming a strong consensus in the crypto industry. In the continuous PVP environment of the Pump platform, it was not until then that we discovered that GOAT, which was assisted by the Truth Terminal in the issuance, was not PVP, but a new narrative of "the combination of AI and meme". But GOAT does not seem to be the perfect answer for AI+crypto. On October 20, the Truth Terminal appeared a typo in a tweet, misspelling "groups" as "grouops", and GOAT's market value plummeted from $27 million to $14.4 million. The Truth Terminal's misspelling incident sparked discussions about whether it was a real person or not, and later, after in-depth research on the model of the Truth Terminal itself, people found that the AI model fine-tuned based on the llama3-70b-base model has a probability of less than 0.1% to misspell words. Even though GOAT's price has returned to the level before the typo, people still have some concerns about it, after all, it is only a "semi-AI token". Truth Terminal founder Andy Ayrey said Truth Terminal is not directly responsible for launching the GOAT token, it only participated in the promotion of GOAT. It is "a study on the tail risk of meme contagion and [large language model] era unsupervised unlimited creativity." Currently, the current AI meme still seems to be unable to get rid of the dependence on shill groups, in this case, it is more like a "semi-AI meme", and the Truth Terminal did not participate in the issuance of the token, but only recognized and participated in the promotion of the token. Undeniably, AI meme has an extremely high level of sexiness in narrative, and also has great imaginative space in gameplay, but the market's hype expectation for it is not limited to a16z and AI shill meme. The market is waiting for a completely AI-deployed contract or self-issued token on the Pump platform, a completely fair "full AI meme" without old money, no market manipulation, all tokens fairly distributed, driven by market consensus, to make the market aware that future autonomous artificial intelligence can also have very strong applications in blockchain. Perhaps one day, a brand new AI meme completely deployed by AI itself will appear.
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