# **Eliza Labs Introduces AI That Can Analyze Crypto**
Eliza Labs, the developer of the ai16z (AI16Z) project, introduced an artificial intelligence (AI) technology tool that can analyze the crypto market and execute trades, Tuesday (14/01). This tool can help investors take action.
This aims to support the strategies of individual market players and manage portfolios in the Web3 ecosystem. Meanwhile, this revolution indicates that AI agents are developing rapidly on a wide scale.
"Individual investors are in dire need of a system to help manage their portfolios and run intelligent operations and trades," Eliza wrote in the white paper.
For information, according to VanEck data in December, Web3 currently accommodates around 10,000 AI agents who have generated millions of dollars every week.
In addition, several AI coins in the crypto market experienced significant spikes, such as Near Protocol (NEAR) which increased by 3.96%, Internet Protocol (ICP) jumped by 4.18%, and Filecoin (FIL) with 3.79% in the last 24 hours.
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