The market value of ai16z, an AI robot fund that imitates a16z partner transactions, was close to $100 million, but now it has fallen back to $54 million.

Odaily Planet Daily Report: The new platform Daos.fun aims to become the hedge fund version of pump.fun, allowing cryptocurrency users to raise funds for the fund in exchange for tokens, and then trade on behalf of investors within a given time period. If the fund is successful, investors will be able to redeem the tokens for the fund's underlying assets, or if the fund's market value is higher than its net asset value, investors can sell the tokens. The most successful fundraiser on Daos.fun is an artificial intelligence robot modeled after a post by Andreessen-Horowitz (a16z) partner Marc Andreessen. "Our goal is not to create an AI robot that mimics Marc Andreessen. Our goal is to beat him in the areas he excels at," the robot's creator Shaw wrote in an X post. The robot is responsible for managing a fund called ai16z, which currently holds assets worth about $1 million, mostly Shaw's Degen Spartan AI tokens. After Andreessen himself interacted with the post, the fund's market value once approached $100 million, setting a new high of $96.6 million, and then fell back by nearly 50% to the current level of about $50 million ($54 million currently). Volatility remains high. "GAUNTLET THROWNED," Andreessen wrote in an X post, attaching a screenshot of the robot's X profile. In another post, he wrote: "Hey, I have that T-shirt," and attached a screenshot of the ai16z fund avatar. The heat generated by these posts once caused the Daos.fun website to crash. The creator of the ai16z fund aims to create an AI replica of Andreessen's trading, which is weighted based on the suggestions of DAO members and their token holdings and trading quality. The fund's tokens have been verified on Jupiter and Moonshot (Dexscreener's competitor to pump.fun). According to the Daos.fun page, the fund will expire on October 24, 2025, one year after its establishment. (The Block)