ChainCatcher news, according to GMGN market data, the AI-driven VC DAO token ai16z on the Solana chain has surpassed a market capitalization of 1 billion USD, currently reported at 1.04 billion USD, setting a new historical high, with a 24-hour increase of 46.93%.

It is reported that ai16z is the first AI venture capital fund, fully managed by Marc Aindreessen, and invests based on recommendations from DAO members. The fund's goal is not to create an AI that mimics a16z founder Marc Andreessen, but to defeat him and surpass him in his areas of expertise.