Hey there! It seems like the blockchain has been making some serious waves lately. In particular, we’re talking about the AI-driven VC DAO token called ai16z on the Solana chain. On December 25th, according to GMGN, this token hit a record high of $1.04 billion in market value, which is quite impressive.
In fact, it experienced a whopping 46.93% increase in value within just 24 hours! For those who aren’t familiar, ai16z was founded by none other than Marc Andreessen – the famous tech investor behind Netscape and Facebook. But here’s the catch – this isn’t your typical VC fund. Instead of making investment decisions himself, Andreessen decided to take things up a notch by implementing a decentralized autonomous organization (DAO) system.
This means that the investment decisions are actually made by DAO members using AI algorithms. Pretty cool, right? And get this – the goal of ai16z isn’t to create an AI that can mimic its founder. Nope, it’s all about outperforming him at his own game! Talk about some serious competition. If you’d like to learn more about this fascinating development in the world of blockchain and AI, be sure to check out the source link provided above for all the juicy details.
Reported by m.theblockbeats.info