On the weekend of October 27th, another meme project wrapped in the "a16z concept", ai16z, once again attracted widespread market attention, with its market value reaching $80 million in just one day. Like GOAT, it not only ignited the hype of the degens, but also excited many investors, and the DAOS.FUN behind it has also opened up the community's imagination for "AI investment DAO".
What is ai16z
On the weekend of October 27th, a meme token called ai16z quickly spread in the community, at first glance it looked like another on-chain meme. Surprisingly, this project actually got the "endorsement" of a16z's founder Marc Andreessen. Marc posted on his Official Twitter, retweeting the concept image and official Twitter link of ai16z.
Previously, it was because Marc donated $50,000 in Bitcoin to the founder of Truth Terminal as support funds, which led to Truth Terminal "calling the shots" and creating the large MC memecoin GOAT, so the market has shown extremely high enthusiasm for products endorsed by Marc.
ai16z is a decentralized AI trading fund based on the Solana blockchain, as an "AI investment DAO", the core of ai16z is to use AI agents to obtain market information on-chain and off-chain, analyze community consensus, and automatically conduct token trading.
This new model aims to combine tokenization, AI trading strategies and decentralized governance to provide investors with more transparent and trustworthy investment opportunities.
The founder of ai16z is @shawmakesmagic, interestingly, according to him, Marc's article showed him how startups or venture capital work, which was very important to him.
Many community members also believe that the progress ai16z has brought to DAO investment and fair launch of crypto projects has also made Marc's confidence in ai16z more reasonable, and everyone believes that the integration of AI and venture capital will greatly change the future market landscape.
ai16z holders not only can participate in the governance of the project, but also can get the profits of the fund. Users holding 100 or more ai16z tokens can interact with the AI agent and influence its trading decisions, the more ai16z a user holds, the more weight the AI will give to their opinions. Interestingly, this project is also strongly associated with another token called degenai.
degenai is an AI agent token, and it is developed by the same team as ai16z, simply put, degenai is the robot itself, an AI agent, while ai16z is a redeemable fund.
Users do not directly communicate with ai16z for investment decisions, but first communicate with the Degen Spartan AI, and indirectly influence the final decision of ai16z through Degen Spartan, and a portion of the ai16z investment returns is also used to repurchase degenai.
However, as of now, most of the messages in the Degen Spartan Telegram channel are just pop-up notifications of on-chain addresses buying degenai.
However, this does not prevent the market's investment enthusiasm for new concepts, and a16z co-founder's tweet quickly pushed ai16z's market value to $80 million, generating a speculative premium far exceeding its on-chain net asset value (about $70,000 at the time). Of course, the FOMO sentiment did not last long, and both ai16z and degenai suffered a "halving" early this morning.
Through the analysis of on-chain data, the community seems to have uncovered the conspiracy group behind these two meme tokens. According to @tocuee, this conspiracy group has also issued many other meme tokens related to the AI concept, among which LOTUS also rushed into the top trending tokens on DexScreener this morning.
Crowdfunding meme, what is DAOS.FUN behind ai16z?
After the "AI investment DAO" concept caught fire, the issuing platform DAOS.FUN behind ai16z also attracted people's attention.
This is an innovative Meme token launch platform, aiming to provide a more transparent and fair environment for investors on the Solana blockchain. Unlike pump.fun, DAOS.FUN adopts an invitation-only system, which means that only projects that have passed the screening can issue tokens on the platform, this "official screening" mechanism can reduce the burden of token screening for users.
DAOS.FUN's projects need to reach the target fundraising amount before they can be traded, and all participants have the same entry cost. This is different from pump.fun.
The steps to launch an investment DAO on DAOS.FUN include:
- Fundraising: Creators have 1 week to raise the required amount of SOL. This fundraising is a fair launch of the DAO token, where everyone can get the same price.
- Trading: After the fundraising ends, the founders will be responsible for investing the SOL in their favorite Solana protocols, and the token will be publicly traded on a virtual AMM. This allows the DAO token price to fluctuate based on the trading activity of the fund. The upside of this curve is uncapped, but the downside is limited to the market cap of the fundraising. As long as the token's market value exceeds the original fundraising amount, users can sell their DAO tokens at any time.
- Fund Maturity: When the fund matures, the DAO wallet is frozen, and the SOL profits will be returned to the token holders. Users can burn their DAO tokens to redeem the DAO's underlying assets, or if the market value is higher than the fundraising amount, they can directly sell the tokens through the curve mechanism.
And after a weekend of FOMO sentiment hype, the DAOS.FUN leaderboard has exploded with a slew of new investment DAOs, all of which have seen amazing gains. Of course, the top-ranked ones are naturally the two DAO tokens that are primarily based on riding the coattails of a16z and Sequoia Capital.
It is worth noting that DAOS.FUN not only follows the track and style of products like Pump.fun and Moonshot, but it is also from the same lineage. After the DAOS.FUN craze, people quickly discovered that it is also a product incubated by AllianceDAO. This year, AllianceDAO has incubated a series of killer products, directly igniting the meme track and becoming the biggest dark horse fund of this cycle.
AI DAO, a new narrative after the AI meme?
Since GOAT opened up the new track of AI meme, the tokens of AI meme have been emerging one after another, mostly revolving around the functions of some robots, such as dancing and trading.
But a16z has opened up a new direction of AI DAO, in which we can see how AI robots can realize the decentralization and automation of investment decisions, and how they can interact with human token holders to jointly improve investment decisions.
The new concept immediately sparked the imagination of the crypto community. Many community members who have previously focused on DAO organizations have also started discussing the new growth space brought by the combination of AI and DAOS.FUN.
Even VCs can't hide their excitement about this new direction, and many investors have also expressed their new expectations for the AI investment DAO field. Of course, the loudest voices are still the co-founders of AllianceDAO.
Through the strategy of decentralized autonomy and public trading, users can understand the decision-making process of AI more transparently, and the interests of token holders are directly linked to the AI DAO, even if the fund loses money, the shares held by investors will not be abandoned.
The "de-trustification" mechanism is closer to the original vision of the crypto world - to achieve truly decentralized transactions without the intervention of intermediaries. For most crypto investors, it is an exciting new concept, but how long the founder a16z can run remains to be seen by time.
