In the past two days, the meme coin ai16z, which was "named" by the well-known crypto venture capital a16z partner, has become popular. Its soaring market value has not only attracted the attention of many Degens, but also made the DAO fundraising platform daos.fun behind it a hotly discussed and widely discussed topic. The focus of participation, this is another incubation product of the meme track of Alliance DAO after Pump.fun and Moonshot.
AI imitated the investment decisions of a16z partners, and the market value reached a maximum of US$100 million after I published an article.
In the crypto venture capital world, a16z (Andreessen Horowitz) is known for its unique investment vision and precise strategies. Recently, an AI-driven venture capital fund ai16z, whose name is quite similar to a16z, has quickly gained high attention among the endless meme projects.
"The goal of ai16z is not to make an AI robot that imitates Marc Andreessen, but to defeat him in the industry he is best at." It is understood that ai16z was created by developer Shaw, who claims to be a "full-stack developer, multimedia artist and various Creator of intelligent systems".
ai16z information shows that this is the first AI VC fund. It uses an AI model to simulate the investment decisions of a16z partner Marc Andreessen, and invests through the recommendations of DAO members. The weight of the investment recommendations depends on the number of tokens held by the members and Its historical recommendation success rate. The fund will expire on October 24, 2025. It has been verified on the Jupiter Exchange and Moonshot platform. It is planned to further reduce manual intervention and realize AI autonomous trading decisions in the future. As of the publication of the article, the fund’s assets under management are worth over US$776,000, and it mainly invests in Degen Spartan AI tokens. However, it is worth mentioning that in Shaw’s Twitter introduction, he claimed to be the owner of the meme currency @DegenSpartanAI, which has also skyrocketed. Assistant, a meme project created by himself through Pump.fun and repurchased using ai16z proceeds.
The project caught the attention of a16z partner Marc Andreessen the day after it was created. On the morning of October 27, Andreessen posted, "GAUNTLET THROWN (challenge has been issued), and attached a screenshot of the ai16z X account." Andreessen also wrote in a subsequent post with a screenshot of the ai16z fund avatar Said: "Hey, I have that T-shirt."
Source: PANews
Judging from the price trend, the meme coin ai16z began to skyrocket after Andreessen posted two posts in a row. DEX Screener data shows that since its creation on October 26, ai16z has increased by about 50 times in just about two days, and its market value once touched the US$100 million mark. Although the price of ai16z has dropped significantly, it is enough to show the appeal of a16z. It is worth mentioning that before this, a16z also continued to play a certain role in promoting the rise and popularity of Goat, the leading AI meme currency.
Source: PANews
DAO fundraising platform for meme coins, supported by Alliance DAO
The popularity of meme coins such as ai16z is also due to the high exposure of the issuing platform daos.fun behind them. daos.fun is considered a hedge fund version of Pump.fun, allowing users to raise funds for created funds DAO in exchange for DAO tokens such as ai16z.
According to the official introduction, daos.fun allows creators to raise the required amount of $SOL tokens within a week and adopts a fair sale method so that everyone can participate at the same price. If the fundraising fails, the original route will be returned; if the fundraising is successful, the creator can invest the raised funds in the Solana ecological project. The DAO tokens purchased by each participant can be exchanged for the fund's basic assets on the platform or sold directly. Tokens.
Once the fund expires and the DAO wallet is frozen, 50% of the profits from the $SOL portion will be distributed to the creators and 50% to investors. Non-$SOL tokens will be distributed according to the investor's holding ratio in DAO tokens. Make allocations. Holders can redeem DAO assets by destroying the corresponding DAO tokens, or sell them on DEX. The premise is that the current market value of DAO tokens must be greater than the fundraising amount. It should be noted that unlike Pump.fun, which is open to everyone to participate, daos.fun adopts an invitation system and creators need to undergo official review.
In fact, daos.fun is a supported product of Alliance DAO in another meme-oriented track besides Pump.fun and Mootshot. This product combines the DAO venture capital concept that was popular in the last bull market. But it seems that current users are only looking for speculative opportunities in DAO tokens, rather than looking at the potential profits after the end of DAO in the next year.
“The launch and trading of DAOs for memecoins could be an opportunity to drive widespread DAO adoption, which is why we launched daos.fun, allowing anyone to create a DAO and trade memecoins in a unique way. Anyone can raise up to 15,000 USD (currently capped) to issue DAO tokens, fund creators will use smart wallets to buy and sell meme coins. All DAOs created have an expiration time (ranging from 3 months to 1 year). At the end of the period or when the creator closes the DAO, tokens in the DAO will be automatically distributed to DAO members. We have implemented several protection measures, such as allowing the DAO creator to be voted out and take over the creator wallet, or assigning specific programs to the DAO. ID." Alliance DAO co-founder Imran Khan revealed.
At a time when the PvP phenomenon in the meme market is becoming increasingly serious, the launch of daos.fun not only lowers the threshold for VC creation, but also provides investors with the opportunity to obtain more professionally managed funds. However, investors’ specific returns depend on the capabilities and resources of the participating DAO funds.
Judging from the rankings of daos.fun, there are currently only 7 funds that have raised more than 100 $SOL tokens. Although many related DAO tokens have increased astonishingly, only ai16z has the highest market value, and the rest are less than 500,000. Dollar.
Source: PANews
[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.
This article is reproduced with permission from: (PANews)
Original author: Nancy, PANews
