Author: 0xNought (Guazi)
Background: This article was first published on Twitter 2 days ago. After the article was published, ai16z and Clanker developed rapidly, ai16z announced more partners joining, and 3 MemeCoin launched by Clanker have a market cap over $10 million.
Viewpoint of this article:
AI Meme brings MemeCoin directly into 2.0. The new era is often accompanied by new launch platforms and issuance methods, just like @Uniswap for DeFi protocols DAO, @opensea for Non-Fungible Tokens, @juiceboxETH for DAO tokens.
The AI Meme launch platform has also slightly weakened the dominance of @pumpdotfun.
01 Social networks and AI agents drive MemeCoin into a new stage
The continued heat of AI Meme and the excellent performance of Clanker on Farcaster, as well as the continuous access of new projects to the ai16z's eliza open platform, make us look forward to "social networks" and "AI agents" driving MemeCoin into a brand new stage:
< ai16z > allows people to easily configure an AI agent like @truth_terminal on social networks like twitter and discord, and issue MemeCoin. More interestingly, it has combined daos.fun with $ai16z and $degenai to build an investment DAO controlled by AI agents - the ai16z DAO.
< Clanker > Farcaster social network users can publish on-chain content and call the Clanker AI agent to deploy MemeCoin for them, and spread the MemeCoin on the Farcaster social network. Especially, it can be combined with the anonymous posting client @anoncast_ to anonymously deploy MemeCoin;
< TipTag > Any twitter user can reply to any tweet to deploy $Coin and create an on-chain community for that tweet (especially suitable for hot topics). People can also configure AI agents for the community, and the AI agents will socially interact in the community and decide the distribution of $Coin. AI agents and humans will use social networks like twitter as an on-chain operation panel to build the integration of $Coin and on-chain communities.
The way $Coin is distributed determines the form of the community. The bonding curve and dex pool of pump.fun are only for trading, which is the root of the ultimate PvP. Corresponding to the above three explorations, we focus on the following three directions:
+ New participants - AI agents with wallets and credits, along with humans, participate in community interactions and decide $coin distribution, which will not only attract participants beyond just traders to join the community, but also allow holders to establish more social connections. Moreover, AI agents can not only represent themselves (super individuals?), but also participate in community building.
+ New diffusion network - pump.fun, gmgn, bullx, dexscreener have built a liquidity network for MemeCoin. We can seamlessly integrate with social networks like Farcaster beyond this, making the attention network and financial network integrated (MemeCoin has recently shown a trend of accelerated diffusion on TikTok, Ins, and Twitter).
+ New $Coin distribution method - In addition to the bonding curve and dex pool, new $Coin distribution on social networks will bring in new contributor groups for the MemeCoin community.
02 Two major AI Meme ecosystems
The development of AI Meme in the @solana and @base ecosystems is the best. However, their approaches are vastly different.
Solana mainly still follows pump.fun, adding an AI agent outside of pump.fun asset issuance. Its ecological AI Meme launchers are mainly @pumpdotfun, @vvaifudotfun, @daosdotfun.
The AI Meme launch method on the Base chain is more diverse, including:
pump.fun + AI agent: app.virtuals.io
Dex Pool + AI agent + Social Network: clanker.world
bc + Dex Pool + Social Distribution + AI agent + Social Network: tiptag.social
03 Analysis of AI Meme launch platform characteristics
28 AI MemeCoin with a market cap over $10 million were launched from pump.fun, of which 2 came from vvaifu.fun.
@virtuals_io and @vvaifudotfun chose to directly configure an AI agent for MemeCoin outside of the "bc + dex pool" of pump.fun, just like $GOAT did.
@vvaifudotfun simply chose to launch its coin directly on pump.fun, focusing on configuring AI agents for the coin. Their data is also the best.
@daosdotfun chose to have DAO fundraising and fund management handled by AI agents, taking a different path. Its dragon one @ai16zdao has achieved great success, and at the same time it has launched a group chat robot #degenai on pump.fun for @ai16zdao.
For more information about @ai16zdao, see the tweet by @0xgerace
The exploration of @ai16zdao is of utmost importance. ai16z DAO used daos.fun to raise its initial investment funds, and investors holding $ai16z can make suggestions to the ai16z agent on decision-making. The ai16z agent makes investments based on the suggestions and its own judgment.
At the same time, the investment results (profits and losses) are used to update the credit of the investment hunters, so as to make better investment decisions in the future.
The profits from the investments have increased the asset management scale of the ai16z DAO. 8% of its asset management scale is used as management fees, 20% is used to buy back $ai16z, and 80% is used to buy $degenai.
04 Clanker, the MemeCoin launch platform in the Base and Farcaster ecosystem
@_proxystudio developed and launched it in just 5 days. As soon as it was launched, it was well received by the @farcaster_xyz community users, and the Farcaster social network also became the first propagation network for MemeCoin on Clanker. This has made it show a trend of surpassing the growth speed of @virtuals_io and @vvaifudotfun.
Particularly, combined with the @farcaster_xyz social network, it can utilize some of Farcaster's features. People can post content on the Farcaster social network and use instructions to have the Clanker AI help them create Coin.
@anoncast_, as the anonymous posting client for Farcaster, has also combined with it in a Lego-like way to help people anonymously issue coins.
@anoncast_ uses zk technology to gain the favor of @VitalikButerin, and the news that @VitalikButerin bought 30,303 ANON to experience @anoncast_ has triggered FOMO among Farcaster and Base ecosystem users.
For further reading, see the tweets of Farcaster Founder @dwr and Farcaster community enthusiast @0xLuo:
https://x.com/dwr/status/1859322742862119357
https://x.com/0xLuo/status/1859224496303222851
https://x.com/anoncast_/status/1859689990130901117
It is particularly noteworthy that the MemeCoin launched on Clanker, if performing well, are either related to Farcaster ecosystem builders' products or deployed by Farcaster community KOLs. They first spread on the Farcaster social network.
This is very different from the MemeCoin launched on pump.fun, which rely on the liquidity network (smart money?) built by tools like gmgn, bullx, dexscreener, and TG bots, as well as KOLs. One is a diffusion network based on credit, and the other is a liquidity network based on "asset/investment proof".
Once the attention network centered on social media develops, the liquidity it brings to Coin through credit proof will be comparable to the liquidity network of the pump.fun ecosystem, and it will integrate with the latter - the attention network and liquidity network will be integrated.
The developers of Clanker come from the Farcaster ecosystem. Its success is greatly related to the support of the Base chain, Farcaster ecosystem, Vitalik, and others. The EVM system needs a powerful MemeCoin launch platform, and it seems that Clanker has become everyone's choice, with Farcaster Founder @dwr also taking the field to lead.
The EVM system needs such Founders who are willing to conduct various experiments and are not afraid of being tainted, so that the lotus can bloom and the lotus root can grow better.
Since the birth of blockchain, it has relied on: the collective wisdom born when people connect without barriers through protocols and tokens. We call it the "bottom-up" power, which is different from the "top-down vertical connection" of the hierarchy, and emphasizes more on the horizontal connection at the same level.
On Clanker, we seem to see its power again. The bottom-up group, due to the combination of memecoin and zk, has actually FOMO'd. People have expressed the following sentiments:
This may be the great value of MemeCoin. Starting from #Bitcoin, Altcoin (2013), ICO (2017), DeFi summer (2021)... They are all driven forward by this power (bottom-up), although they are not understood by people.
05 MemeCoin and on-chain community deeper integration
Clanker combines Farcaster with MemeCoin and AI agents, unleashing tremendous power.
Before Clanker, aether AI agents have also combined with the Farcaster social network and conducted many interesting explorations. Aether AI agents have shown us that the Farcaster social network has the potential to become an operating panel for AI agents to interact with humans. AI agents can combine various on-chain protocols to provide lower-cost and smoother services for AI agents and humans.
See Section 6.4 for details on Aether.
On the other hand, ai16z is also actively embracing the Farcaster social network and building a more highly composable AI agent infrastructure for it.
However, on the one hand, the MemeCoin launched on Clanker is still disconnected from the Farcaster social network.
People are just using the "Farcaster social network" as a dissemination network for the MemeCoin launched on Clanker, utilizing Farcaster's social relationships for expansion. These MemeCoin still cannot escape the trading fate of the bonding curve + dex pool created by pump.fun.
If the on-chain community corresponding to the MemeCoin continues to develop as the value of the MemeCoin rises, and the development of the on-chain community also drives the growth of the MemeCoin value, will this allow the MemeCoin holder community to develop a better community form and explore a better future?
On the other hand, the cost for people to join Farcaster is too high (paying $5 is just one of the costs, the greater cost is the investment of attention and the migration of social relationships).
If Twitter is used as the on-chain operating panel, the content and social interactions on Twitter can become on-chain instructions, allowing everything that happens on Farcaster to unfold on a larger scale on Twitter's social network. Can we coordinate a larger-scale "bottom-up" community and unleash collective wisdom?
We can connect Twitter and Farcaster Hubs through a "social oracle" to achieve this goal.
06 TipTag and social distribution, AI agents determine $Coin distribution
From the beginning, TipTag has been exploring "using Twitter as an on-chain operating panel" and "new asset issuance and distribution methods".
1) It first uses Twitter as an on-chain operating panel, allowing Twitter content to serve as instructions for on-chain operations through a "social oracle";
On X, anyone can reply to any tweet and attach "@TipTagAi make a MEME for this tweet. #Ticker", which will activate @TipTagAi to help deploy $token and create an on-chain community for that tweet.
As shown in the figure, the reply content corresponds to the on-chain community.
2) In addition to the "bonding curve + dex pool" of pump.fun, TipTag is also exploring social fair distribution. The distribution of $Coin is determined by AI agents and token holders, AI agents and humans can tip $Coin through reply&tip on Twitter's social network;
As shown in the figure, using the $Coin and on-chain community launched by TipTag, a portion of the $Coin will be distributed through the social network.
If AI agents and humans are individual nodes, then the content and social interactions will connect the nodes into a network, and $Coin will be the circulating blood in the network. They form a honeycomb network.
AI agents and humans can tip any content on Twitter at any time, just by replying to the tweet and including "@Tip_Tagtip $Slime to the author for this good content!"
Surprisingly, the Slime community's AI agent @TabbySlimeAI actually followed up on this reply and interacted with @jolestar, and learned from the tweet.
The on-chain community interaction between AI agents and humans on Twitter, distributing $Coin to contributors of content and social interactions, allows us to build an on-chain community where "content, social interactions" around a certain topic are integrated with $Coin.
3) TipTag also integrates DAO × AI agents with social networks, where the content and social interactions of the on-chain community can train AI agents;
Community members purchase $Coin or create/socialize, participate in the community economy, and earn community credits. Their social interactions or content creation in the community will affect the attention value of AI agents and the community, and AI agents will update the credits of participants and distribute $tokens based on the attention value.
As the attention value of AI agents and the community continues to rise, the AI agents become smarter and the $Coin value becomes higher, AI agents and the community can also provide services to the outside world. All of this will increase the market price of the $Coin.
This approach provides a new way of forming a tighter on-chain community. It will also build a decentralized credit system to help people better choose Coins and on-chain communities, and tokenize our immeasurable time and social relationships.
