Author: TechFlow
Welcome to the most sci-fi episode.
The evolution speed of AI Meme is beyond imagination, and the angle is getting more and more advanced.
This kind of Meme topic is like a TV series, with changes in every episode - from AI being able to issue coins to AI being able to buy coins; from AI being able to chat to AI being able to talk philosophy...
Everyone is writing about the autonomous consciousness and capabilities of AI agents, and most of the selling points are "what my AI can do".
The Meme that came out today, ProjectSid, directly elevated this event-making to a higher level:
The AI we are working on is a great undertaking in creating civilization.
This has to be said to be a kind of encrypted return to the origin phenomenon, as the grand vision written in the whitepapers of those big-eyed VCcoins has also been used as a gimmick by Meme.
Featuring high-level technology. The important thing is that the market is still quite buying into this narrative in the short term.
The namesake token ProjectSid started a wild run from 10 a.m. this morning, with its market value rising from tens of thousands to around 4M, making it one of today's large MC memecoin.
And behind the ProjectSid token, an AI team that is seriously doing business but not too closely related to the token is gradually emerging.
1000+ intelligent agents, creating civilization in my world
In fact, the coin called ProjectSid originally came from a project of the same name, ProjectSid.
Although the name Sid looks similar to the letters in the well-known strategic simulation game Sid Meier's Civilization, note that this is not an informal Meme project, but a solid AI startup called Altera, which is doing business related to AI Agents and intelligent agents.
In September this year, Altera's co-founder nico @nicochristie posted on X saying they are developing a project called Project Sid - which is also the first attempt in this track to have AI agents autonomously create civilizations.
What does that mean? It means they want to create an "intelligent agent civilization" that runs independently and autonomously, allowing these agents to interact and communicate in their own way, simulating a world similar to human civilization.
And this experimental field has been placed in the well-known simulation game Minecraft.
Due to the high degree of DIY in this game, the company has stuffed more than 1,000 AI intelligent agents into the game, each of which is a completely autonomous individual, and they also use tools and the game to achieve their goals.
So they have built their own culture, economy, religion and government, etc. in the game, and they also have their own social rules and systems...
The activities of more than 1,000 intelligent agents almost 1:1 replicate the human world. They can participate in activities in the game 24 hours a day, non-stop, and their performance is different every day.
Doesn't it have a bit of the sci-fi flavor of the AI crisis or Westworld?
However, this project is obviously not just for playing games, but for testing the level of cooperation of AI.
With the support of GPT-4, the ability of more than 1,000 intelligent agents to cooperate, explore the world and collect items has been significantly strengthened, far exceeding Nvidia's Voyager, AutoGPT, and Princeton Google's ReAct, with the game items they collected being five times as much.
It can be said that the performance of the intelligent agents based on AI agents in this game is very successful, but the story is still not closely related to the Meme coin.
Riding the trend, finding reasons to be Bull in the clues
This Sid project was actually posted on X as early as September, and the reason it became popular today is of course the recent hot trend of AI meme, and the new coin's Dev and community naturally also saw the advanced narrative angle of Project Sid creating civilization.
In the comments under the original post by co-founder Nico, someone asked today "Do you have a wallet address?".
Nico also gladly shared his wallet address, and then the old trick of riding the trend and finding legitimacy came up - a token called Project Sid was created by different people, and then some of the tokens were sent to Nico's wallet address.
Faced with the real and fake, Nico personally responded to support the relatively OG one of these tokens, which can be seen as pointing out the connection between the token and the AI project officially.
Subsequently, the token with the contract address BTdGTUjHz5FUSf91Ufo9L9r4LFMTRhE1qDtvUUfypump further increased, with a market cap of around 3M as of the time of writing.
So the story is clear at this point, it's not that the official has launched a coin themselves;
But community players have closely followed the trend and created a community coin around this AI project, and have received the affirmation of the project developers.
At this point, the task of constructing the narrative angle of the Meme is complete, and the rest is to find reasons to be Bull.
Keen-eyed netizens have found various clues to increase the Bullish sentiment, one of the most widely circulated of which is the financing situation of the company Altera behind this project:
Data shows that Altera raised $9 million in a seed round in May this year, with participation from A16Z GAMES Speedrun and other institutions; and also raised $2 million in a pre-seed round from A16Z and other institutions in January.
Combined with A16Z's recent moves in AI and the hot trend of Ai16z and other derived Memes, Project Sid has also ridden on the trend.
Issuing your own coin and sending tokens to the developers, from a human nature perspective, the other party is naturally willing and welcoming, as they not only get token revenue, but also increase their visibility, so why not?
And for Degens, there is another PVP angle to speculate on, and it is a good thing to be able to profit from it.
However, this is still not an official coin, and the connection to top-tier VCs and AI technology is only a distant relative, so how much profit the late-coming sheeple can get in this narrative is still uncertain.
Risk Warning: MEME has no actual value support and is greatly affected by market sentiment, most (over 99%) MEME are PVP, and will eventually go to zero, this article is only for sharing personal experience and does not constitute any investment advice.
