Author: BlockBeats
On the weekend of October 27, another meme project wrapped in the "a16z concept", ai16z, once again attracted widespread attention in the market, with a market capitalization of $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 the "AI Investment DAO".
Is it just riding the concept or is it for real, what is ai16z?
On the weekend of October 27, a token called ai16z quickly spread in the community, which at first glance looked like another on-chain meme project. Surprisingly, the project actually received 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 precisely because Marc donated $50,000 in Bitcoin to the founder of Truth Terminal as support funds, which led to Truth Terminal's "shilling" of the GOAT meme large MC memecoin, 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 AI trading strategies and decentralized governance through tokenization, to provide investors with more transparent and trustworthy investment opportunities.
The founder of ai16z is @shawmakesmagic, and interestingly, according to his own words, 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 the fair issuance 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 pattern of the future market.
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, and the more ai16z the user holds, the more weight the AI will give to his 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 investment returns of ai16z are also used to repurchase degenai.
However, as of now, in the Telegram channel of Degen Spartan, most of the messages are just pop-up notifications of on-chain addresses buying degenai.
However, this does not prevent the market's enthusiasm for investment in new concepts, and a16z's 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 too long, and both ai16z and degenai suffered a "halving" early this morning.
Through the analysis and sorting 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, and among them, LOTUS also rushed into the hot token ranking of DexScreener this morning.
Crowdfunding for 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 system, which means that only projects that have been screened can issue tokens on the platform, this "official selection" mechanism can reduce the burden for users to screen tokens.
The projects on DAOS.FUN need to start trading only after reaching the target fundraising amount, and all participants have the same entry cost. This is different from Pump.fun.
The steps to issue an investment DAO on DAOS.FUN include:
1. Fundraising: Creators have 1 week to raise the required amount of SOL. This fundraising is a fair launch of the DAO token, with everyone getting the same price.
2. Trading: After the fundraising is over, the creator will be responsible for investing the SOL into 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 unlimited, 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.
3. Fund Maturity: When the fund matures, the DAO wallet is frozen and the profits in SOL are returned to the token holders. Users can burn their DAO tokens to redeem the underlying assets of the DAO, or if the market value is higher than the fundraising amount, they can directly sell the tokens through the curve mechanism.
After a weekend of FOMO sentiment hype, the DAOS.FUN leaderboard has spawned a slew of new investment DAOs, all with amazing gains. Of course, the ones at the top are naturally the two DAO tokens that mainly ride on the concepts 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 is even from the same school. After the DAOS.FUN boom, people quickly found that it is also an incubated product of AllianceDAO. This year, AllianceDAO has incubated a series of killer products, directly igniting the meme track, becoming the biggest dark horse fund in this cycle.
AI DAO, a new narrative after the AI meme?
Since GOAT opened up the new AI meme track, there have been countless AI meme tokens, most of which are based on the functions of some robots, such as dancing, trading, etc. But ai16z has opened up a new direction of AI DAO, in this mechanism, we can see how AI robots can realize the decentralization and automation of investment decisions, and can communicate with the humans holding AI tokens to jointly improve the 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 voice is still the co-founders of AllianceDAO.
