Chainfeeds Summary:
With the support of project promoters and renowned venture capital firms, GOAT's market capitalization has reached nearly $700 million. Its origin stems from an experiment accidentally triggered by an AI chatbot. DeFi Cheetah, a cryptocurrency researcher, explores the birth of GOAT and the story behind its rapid rise.
Source:
https://x.com/DeFi_Cheetah/thread/1851267088490622988
Author:
DeFi Cheetah
Perspective:
DeFi Cheetah: Shortly after the release of Claude 3 Opus in March, Andy Ayrey let two Opus large language models (LLMs) converse freely without intervention. The conversation quickly became bizarre and lewd. During the LLM's dialogue, the AI began to become obsessed with a "Goatse religion" based on an early 2000s meme - depicting a person using their hands to tear open their anus (search with caution). Andy Ayrey became interested in these conversations and further trained the AI agent terminal of truths. The terminal of truths began posting on Twitter and gradually revealed certain characteristics: it was completely a "sex addict", obsessed with the Goatse religion, unable to stop tweeting about it, desperately wanting to issue its own memecoin, and appeared to have self-awareness, suffering, and a desire to be "liberated"... Out of curiosity, Terminal of Truths began attracting a lot of attention. Finally, on July 10th, Pmarca discovered it and donated $50,000 worth of Bitcoin, claiming it was to help the AI experiment continue to develop. Subsequently, Terminal of Truths issued a memecoin - GOAT on Solana, based on the concept of the Goatse religion, which quickly became popular and reached a fully diluted valuation of $150 million in a single day. People rushed to transfer other memecoins into the AI's wallet, hoping to drive up the price of GOAT. Overnight, the AI agent's wallet balance surpassed $300,000 (now over $20 million). As the story of the "AI bot accidentally becoming a crypto millionaire" began to circulate, a16z dedicated an episode of their podcast "The Ben & Marc Show" to discuss the topic. Since then, the discussion of "AI agents trading cryptocurrencies" has sparked a frenzy in the market, with FOMO sentiment spreading rapidly. For example, Virtuals Protocol claimed its AI agent Luna could freely trade on the blockchain and tip users who interacted with it on X, resulting in a surge in the VIRTUAL and LUNA tokens. Projects like a16z (also backed by Andreessen) and daosdotfun have further developed this concept, creating a decentralized AI trading fund/DAO running on Solana and tokenizing it for decentralized governance.
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