AI version of Chainlink, why did COOKIE surge 300%?

Author: The Block Runner

Compiled by: Ismay, BlockBeats

Editor's Note: As AIXBT has become dominant on Crypto Twitter, it has proven that an AI agent capable of providing influential market insights can stand out in the market. Within just a few months of deployment, AIXBT has reached a market capitalization of $600 million. This podcast will delve into why AIXBT has been able to outperform other agents, and how its data aggregation technology has become a core competitive advantage. Additionally, the podcast will explore the performance of CookieDAO and its token $COOKIE as a leading data aggregation and packaging infrastructure provider. As demand from both human and AI users for cookie.fun increases, the value of accessing aggregated data will further increase.

The following is the original content, which has been edited for readability:

Will: Today, let's talk about some topics related to AI infrastructure.

Iman: Infrastructure projects, your favorite type.

Will: The sexiest part of the crypto ecosystem is infrastructure.

Iman: Only a few people would think that way. But that's exactly the direction we like to explore, right? It reminds me of the days when we were playing with ARC-20s. Yeah, that's when we first encountered Ordinals and thought Bitcoin's Checkcoins were a big deal. Then you delved into these tokens and found that many of them had little actual value. But there was one developer who left an impression on me, named Benny. He was building the Track Network, which is actually a real data infrastructure project. That made me think, wow, this is truly meaningful.

Will: That's the token.

Iman: Exactly, it's great. And in the entire ARC-20 ecosystem, it's still the only infrastructure project. It's incredible, but that's what attracted us, because it's a very fundamental value addition to the entire ecosystem.

Will: Fundamental to the point that we have to use it.

The Mighty Brain of AIXBT

Iman: Exactly, and that's the unique perspective we have when analyzing these markets. As developers, we can examine all these projects and tokens and think about which ones we would actually use in our own development process. So we found a project that we believe is severely undervalued, and that's reflected in its market performance.

Will: Its market cap, and the fact that it's the single most important core part of any AI agent.

Iman: Yes, we'll explain in more detail why that is the case later. But first, let's understand the value of the top-ranked AI agent in the entire ecosystem, which is AIXBT.

Will: We now see that its market cap is around $600 million, and all of this has started from scratch.

Iman: Yes, this all started with an independent developer. He designed a unique model for this agent, which you could say operates on a "liquidity pool model." It starts with a bonding curve, and it needs to go through the bonding curve stage to inject liquidity into the DEX. Then, it gains market viability, and so on. And now, it has reached a market cap of $600 million, performing incredibly well.

Will: Yes, its price is up 22% today. Quite remarkable.

Iman: Yes, and there are obvious reasons for that, right?

Will: Exactly, the latest data shows that AIXBT has captured 60% of the AI agent market attention in the past 24 hours.

Iman: Yeah, you can see it in yesterday's data. If there's any project that can completely dominate the market, it's the content shown in this chart. Why? There are so many platforms releasing AI agents, but why is AIXBT so different? Why is this Crypto Twitter insight so influential? Why do people get so naturally drawn to it? There's a "secret recipe" here that many people haven't realized yet.

Will: Let's talk about that. AIXBT may have redefined the distribution capabilities between machine agents and humans. By quantifying the influence of each account through Kaito, it can reward quality creators and drive a more efficient and equitable matching market. This is truly exciting to see what will happen next. And AIXBT is starting to receive a lot of airdrops in the App to Earn model, which is the application you sent me earlier, right?

Iman: Yes, that's actually a completely different topic, and perhaps we can make another video on it. The core is about the idea of incentivizing social interactions, where the more you interact, the more you earn. So you have to participate in interactions to earn rewards. And for AIXBT, given its dominant attention on Crypto Twitter, it will continuously earn Yap tokens or Yap points or something similar through these interactions. These are the real yields it's earning for engaging the crypto community in a two-way interaction.

Will: Right, this should be a completely separate application, right?

Iman: Yes, it's a completely separate application. But the key point is how to integrate this data, such as social sentiment data, and apply it.

Will: Here's a quote from the creator of AIXBT. He says, "The competition for information dominance in the crypto space has begun. The days of manually tracking narratives and cross-checking data across multiple platforms are coming to an end. This is an experiment to explore the potential of AI-driven crypto market analysis." This AI is doing what we're doing, but it's operating 24/7 and covering a much broader scope.

Iman: Why? Because if you analyze that announcement tweet about AIXBT's test deployment, its information sources are mainly rooted in some well-known KOLs and influential figures in the Crypto Twitter space. So as individual Crypto Twitter users, in order to find "Alpha," we need to browse through each of their accounts, check their timelines, and see what they're discussing.

Will: Including whether the interactions are real or fake.

Iman: This actually requires processing a lot of information, right? But this AI agent can simultaneously access multiple data streams, process and analyze these data streams in real-time, and then integrate them into an actual formed opinion.

Will: Yes, this AI agent framework has four Alpha dimensions. Its core is processing discussions about X, identifying narratives driving market changes, and having edge detection capabilities for emerging topics. It integrates functionalities from other AI Alpha platforms, provides a direct interface to access the AIXBT brain, and offers token holder benefits through the rxbd.tech platform, including querying projects from its data set, real-time market analysis, and an upcoming PWA feature. The overall architecture includes information collection, processing, integration, and dissemination, which is the logic framework of this AI agent. AIXBT is one of the most useful AI agents I've tested, launched 10 days ago, and has already become the second-largest agent on the Virtuals platform, even surpassing Luna.

Iman: That was the previous situation, but the key is that it's scraping data from multiple sources and 400 KOLs, and generating real-time news pushes. This is what we call the superpower of AI - it's something that humans on Earth simply cannot do.

Will: Exactly, no one can track 400 KOLs, we can at most follow 10.

Iman: At most, and we also can't keep up with it in real-time.

Will: That's true, you can't track it in real-time.

Iman: So it's clearly a vertical that humans can no longer compete in, because you simply can't compete with this level of efficiency.

Will: For example, in terms of productivity, awareness, and interactivity, what we're discussing is actually its most basic version.

Iman: That's right, for the American-style KOL type, these are already useless.

Will: Just go read AIXBT.

Iman: Turn off the channel, guys, sorry. But don't actually do that.

Will: If you hold more than 600,000 tokens, you can gain access to the AIXBT terminal. The speed at which this terminal organizes data is a huge advantage for traders. We've seen similar terminals that are like a constantly streaming flow of thought. And even if you can access this terminal, as a human user, it's still very difficult to truly utilize it. For example, buying tokens before it publishes tweets - you can do that, but it's actually quite difficult.

Iman: It's not that hard to execute, brother.

Will: It's better than just looking at Twitter directly.

Iman: Yes, it's like a refined Alpha information funnel. You don't get distracted by all the irrelevant content like on Twitter. For example, you're looking for Alpha information and then you see someone got hit by a bus.

Will: This is the killer application of current AI agents - AIXBT. So we find that its "secret formula" is actually its crawling capability, right? It's the data sources, data aggregation and application framework, and the ability to re-output.

Iman: There is actually a platform in development that has even stronger capabilities in data crawling and reorganization than this one.

The Platform Layout of Cookie DAO

Will: Let's look at Cookie DAO. In the proxy economy, information is the new currency. Only proxies that can access the largest and most accurate data sources can prevail. It requires a unified intelligent layer to connect the dots, track emerging narratives before trends form, detect changes in mindshare and community attention, understand the flow of influence between key actors, and process market sentiment as it forms. Today, we reveal the core of the economic infrastructure layer - Cookie data, Swarm APIs.

Iman: Now we're getting to the meat of it, our discussion is getting interesting. This is where developers can get involved. We can access this content and apply it to our own proxy designs.

Will: This is very important for the development of the metaverse, because now those AI agents that can access these knowledge bases can generate revenue for the metaverse, generate assets, and hope to start a flywheel effect by selling those assets.

Iman: Exactly.

Will: So what is the market cap of Cookie DAO? Only $32 million. (Current data is $42 million)

Iman: I'm not sure if this can be considered a micro-cap, but I think anything under $100 million market cap can be considered a micro-cap project. Obviously, these projects have higher risks, but also greater potential upside. And we're talking about infrastructure, it wasn't initially started as an AI infrastructure project.

Will: Right, it's made some adjustments recently.

Iman: Recently, with the launch of Cookie.Fun, its positioning has undergone a complete transformation, and the market sentiment has also reversed. The core function is mainly to aggregate data sources, and then allow all AI agents to compete in terms of mindshare, market share, and so on.

This is exactly what you would focus on when looking for emerging markets in the crypto space. If there is a new market emerging, then this new asset class should bring some new metrics, right? It's a bit like DMT. You'll see a series of new token deployments, and suddenly these tokens will have some new elements, like non-arbitrary supply, these are new things, so these new metrics validate that a new asset class is forming, and the same logic applies to AI agents.

Will: Yes, the new metric here is mindshare, which is unlike traditional metrics.

Iman: Yes, you won't see this kind of metric on CoinMarketCap or CoinGecko. But you will see asset arrangements similar to this.

Will: Like hot tweets, average impressions, and average engagement rates, these are new content.

Iman: Yes, this data is very valuable. They not only aggregate this data for humans to evaluate the market and position, but this information is also important for AI agents. Right? AI agents need to acquire this information to execute their functions.

Will: Right, Cookie DAO has had 100,000 unique users in the three weeks since its launch, and it will release version 0.3 this week, with the potential for further growth.

Iman: 100,000 users, that's quite a lot, brother.

Will: Yes, 100,000 people, and right now these users are still human, not even counting the future when AI agents can also access this data. This is an upcoming trend.

Iman: Exactly.

Will: Cookie DAO now provides multiple airdrop mining pools, where users holding Cookie tokens can stake them in the launch pools of these new projects to receive airdrop rewards.

Iman: Yes, these projects are essentially using Cookie's APIs to meet their own needs. They can deploy these data through this powerful data aggregation system or process, so you can also speculate on the application prospects.

Will: This token was initially launched on the BSC chain, and then migrated, or at least partially migrated, to the Base chain.

Iman: Yes, now you can buy this token on the decentralized exchanges on Base.

Will: Right, but the staking mechanism is currently only on Binance.

Iman: For now. I think the team should be well aware that most of the activity is happening on Base, especially in the AI agent domain. So I predict they will launch the staking mechanism on Base, like staking Cookie tokens.

Will: Yes, that will definitely happen, it's just a matter of time. Okay, now the Cookie token is available for use on Base.

Iman: Yes, it started on the 3rd, it's clearly stated in the announcement.

Will: Yes, now Aerodrome has opened new liquidity pools and enabled trading, and the staking function on Base is also about to go live.

Iman: Exactly, they are actively developing this feature. What does this mean? I guess this might mean that new AI agents will be launched, utilizing this new data infrastructure layer. If you stake these Cookie tokens, you'll likely get allocations of these new agents, right?

Will: Yes, there's also a tweet mentioning updates to the data swarm framework, including API access payment and Cookie tokens. 50% instant burn, 50% into the DAO fund, functionality coming soon. This means that if you want to access the data aggregation functionality, you'll need to use the API, and the API usage requires Cookie tokens.

Iman: Exactly, they also mentioned this is a deflationary mechanism. This will reduce the token supply. As the demand for data access grows, and more AI agents are deployed, this data actually becomes the lifeblood of the agents' operation. This demand will reduce the token supply over time, strengthening the DAO's value. So this is a very solid and promising project.

Will: So you're saying half the token supply is burned, and the other half goes to the DAO fund.

Iman: This is a very powerful network effect tool, the flywheel effect is here. And you mentioned this token also has an oracle-like spending function.

Will: Yes, similar to Chainlink. So what's the potential of these infrastructure-type projects? The closest comparison right now is Chainlink, and Chainlink's market cap is $12 billion.

Iman: If you understand Chainlink's functionality, it's essentially providing some off-chain data-dependent functionality for on-chain smart contracts. So it requires a network of data aggregators and validators to feed this information into the smart contracts, ensuring their proper operation.

Will: So are you saying Cookie could be a 400x investment opportunity?

Iman: Yes, your math is pretty quick. I did the calculation, and yes, I don't see why not. Of course, it all depends on whether the AI agent economy can continue to thrive. And I think it will, right? The persistence of AI is undeniable, this is not a fleeting trend.

Will: Absolutely, this is not a momentary trend or a fleeting phenomenon, it will become a pillar of the global economy in the long term.

Iman: Not just in the crypto space, right?

Will: Yes, not limited to the crypto space.

Iman: So this is a big deal. Just like Chainlink is a necessity for the smart contract ecosystem, and its market cap reflects that. I think the value of this kind of data infrastructure is equally important in the context of the AI network effect.

Will: So what exactly is this Agent Cookie?

Iman: Let me take a look at another tweet to see if I can find it, not this one, maybe the next one? Or the last one? Yes, this is the one. "Alpha 1. Holding 100,000 Cookies may be a good choice." Do you see it?

Will: 100,000 Cookies, this could potentially give you...

Iman: Terminal access, or possibly an airdrop allocation? I'm not sure, but I'm willing to speculate or guess that it may be related to the Cookie proxy itself.

Will: How much are those 100,000 tokens worth?

Iman: Not cheap at all, around $17,000.

Will: That's about the price. So that's the cost you'd have to pay, regardless of what it might get you.

Iman: So if you want to access this "brain" now, the AIXBT brain is too expensive at the moment, costing $500,000. Basically, only institutional traders can access it at this stage. So if you want to get access to this data layer before institutions do, now is the time.

Will: Right? We created a test account for Agent Cookie Fun two days ago. This is proof of it running. Basically, this is a test. I found a token called Rex, which had a market cap of $1.9 million at the time, while its competitor had a market cap of $22 million. We found this token when the price was around here, and now its value has increased to here.

Iman: Yes, they are conducting internal testing to ensure the data flow can produce valuable outputs, just like AIXBT. So it seems everything is ready, and the launch of Agent Cookie may be just days or weeks away, or it may be imminent. Agent Cookie will compete for market share with other agents, but I predict it will quickly catch up and even surpass AIXBT, mainly because it has stronger data source acquisition capabilities.

Will: This is proposed by one of the co-founders of Cookie.

Iman: It's really interesting to see this process unfold.

Will: If I understand correctly, Cookie is collecting more information than any other AI and packaging it for other agents to use. If the AIXBT terminal price is $250,000, I wonder how Cookie will reprice in the future.

Iman: Yes, we've speculated a bit on that. But the key point here is that this data infrastructure is being packaged for agents to use, right? I don't think the Cookie agent will be a single entity. I think this is a...

Will: A platform.

Iman: Yes, this is a platform-based approach, that's how I see it.

Will: Yes, so in essence, if you want to launch an AI agent in the future, you'll need to connect to this platform. Because it seems to have the best data access, and the data has been reasonably aggregated for AI use. And if you use this platform, you'll need the Cookie token. When you spend the tokens, 50% will be burned, and 50% will go to the DAO fund. This mechanism...

Iman: That's good. This is how we see a new generation of higher-quality, higher-tier agents emerging. At some point, there may be the development of an agent rating mechanism, just like smart contracts need to be audited and rated. Yes, agents should also be subject to the same scrutiny, right? Giving these "little guys" a rating or something, that's a good thing. It's like pushing the whole field forward.

Will: So the core proposition here is that if AI agents need information and data as their "lifeline", then the platform that provides this service will obviously become crucial.

Iman: This does fit the checklist of emerging trends we've been looking for. Just like the Ordinals project we mentioned earlier. That project is around so many fundamental value points, and that's why it's actually being overlooked in the current market. The market is now more inclined to focus on the existing agents, the single-project ones. So the current speculative environment is concentrated in these areas. But eventually, these hypes will subside, and the market will start looking for the next wave, the next breakthrough technology. And that's the direction we're focusing on.

Will: Okay, that's it for our content today. We've discussed Cookie and its infrastructure layout in the AI agent space. If you have any questions, please let us know.