PANews reported on October 16 that a16z co-founder Marc Andreessen posted on the X platform: "To make it clear, this summer I sent a personally funded $50,000 unconditional research grant to terminal of truths and its founder Andy Ayrey. This grant has no strings attached. The grant is intended to support independent AI research and has been fruitful. However, I have nothing to do with the Meme coin GOAT. I did not participate in its creation, play no role in it, have no financial interests, and do not hold any of the Meme coins."