Social networks and AI agents drive MemeCoin into a new phase.
Author: 0xNought (Guazi)
Background: This article was first released on Twitter 2 days ago. After the article was published, ai16z and Clanker developed rapidly, with ai16z announcing more partners joining, and 3 MemeCoins launched using Clanker exceeding a market value of $10 million.
The views in this article:
AI Meme brings MemeCoin directly into 2.0. A new era often comes with new launching platforms and issuance methods, just as @Uniswap is to DeFi protocol DAOs, @opensea is to NFTs, and @juiceboxETH is to DAO tokens.
The AI Meme launching platform has slightly loosened @pumpdotfun's dominance.
01 Social networks and AI agents drive MemeCoin into a new phase
The continuous popularity of AI Meme and Clanker's outstanding performance on Farcaster, along with the constant integration of new projects into ai16z's open platform Eliza, lead us to anticipate the 'social network' and 'AI agents' driving MemeCoin into a new phase:
ai16z > allows people to easily configure an AI agent like @truth_terminal on social networks like Twitter and Discord and issue MemeCoin. More interestingly, it combines daos.fun with $ai16z and $degenai to build an investment DAO controlled by AI agents - ai16z DAO.
Clanker > Farcaster social network users post on-chain content to invoke Clanker AI agents to deploy MemeCoin for them and spread MemeCoin within the Farcaster social network. Especially, it can be used in combination with the anonymous posting client @anoncast_ for anonymous deployment of MemeCoin;
TipTag > Any Twitter user can reply under any tweet to deploy $Coin and create an on-chain community for that tweet (especially suitable for hot topics). People can also configure AI agents for the community, where AI agents engage in social interactions and determine the distribution of $Coin. AI agents and humans will use social networks like Twitter as an on-chain operation panel to construct organizations integrating $Coin and on-chain communities.
$Coin distribution methods determine community forms, and both the bonding curve and dex pool of pump.fun are solely trading, which is the root of extreme PvP. Corresponding to the above three explorations, we focus on the following three directions:
+ New participant subjects - AI agents and humans with wallets and credits participate in community interactions and determine $coin distribution, attracting more participants beyond just traders to join the community, while allowing token holders to establish more social connections. Furthermore, AI agents can represent themselves (super individuals?) and participate in community building.
+ New diffusion networks - pump.fun, gmgn, bullx, and dexscreener have constructed a liquidity network for MemeCoin. We can seamlessly connect social networks like Farcaster, merging the attention network and financial network into one (recently, MemeCoin has shown a trend of accelerating diffusion on TikTok, Ins, and Twitter).
+ New $Coin distribution method - in addition to the bonding curve and dex pool, a new way to distribute $Coin in social networks introduces new contributor groups to the MemeCoin community.
02 Two Major AI Meme Ecosystems
@solana and @base ecosystems have the best development of AI Meme. However, their methods are vastly different.
Solana mainly continues to use pump.fun, adding an AI agent outside of pump.fun asset issuance. Its ecological AI Meme launches mainly include @pumpdotfun, @vvaifudotfun, and @daosdotfun.
The AI Meme launch methods of the Base chain are richer, including:
pump.fun + AI agent: app.virtuals.io
Dex Pool + AI agent + Social Network: clanker.world
bc + Dex Pool + social distribution + AI agent + Social Network: tiptag.social
03 Analysis of AI Meme Launch Platform Characteristics
28 AI MemeCoins with a market value of over $10 million were launched from pump.fun, of which 2 came from vvaifu.fun.
@virtuals_io and @vvaifudotfun chose to directly configure an AI agent for MemeCoin outside of pump.fun's 'bc + dex pool', as $GOAT did.
@vvaifudotfun simply chose to launch its coin directly on pump.fun, focusing on configuring AI agents for the coin. Their data is also the best.
@daosdotfun chose to hand over DAO fundraising and fund management to AI agents, taking a different path. Its dragon one @ai16zdao achieved great success, while also launching group chat bot #degenai on pump.fun for @ai16zdao.
Further reading on @ai16zdao can be found in @0xgerace's tweets
@ai16zdao's exploration is of great significance. ai16z DAO uses daos.fun to raise its initial investment funds, and investors holding $ai16z can join the group to suggest decisions for the ai16z agent. The ai16z agent makes investments based on suggestions and autonomous judgment.
Meanwhile, update the credit of investment hunters based on investment results (profit or loss) for better investment decisions in the future.
Investments generate returns, increasing the asset management scale of ai16z DAO. 8% of its asset management scale is allocated as management fees, 20% is used to repurchase $ai16z, and 80% is used to purchase $degenai.
04 base and Farcaster ecosystem MemeCoin launching platform Clanker
@_proxystudio developed and launched in just 5 days. Upon launch, it was well-received by the @farcaster_xyz community users, and the Farcaster social network became the first dissemination network for MemeCoin on Clanker. This has led to a growth trend surpassing @virtuals_io and @vvaifudotfun.
Notably, its combination with the @farcaster_xyz social network allows it to leverage some features of Farcaster. People can post content on the Farcaster social network and use commands to have Clanker AI help create coins.
@anoncast_ as a client for anonymous posting on Farcaster, has also combined with it in a Lego-style to help people anonymously issue coins.
@anoncast_ adopted zk technology and gained favor from @VitalikButerin. Under the stimulus of @VitalikButerin purchasing 30,303 ANON, Farcaster and base ecosystem users experienced FOMO.
Further reading can be found in tweets by Farcaster Founder @dwr and Farcaster community enthusiast @0xLuo:
https://x.com/dwr/status/1859322742862119357
https://x.com/0xLuo/status/1859224496303222851
https://x.com/anoncast_/status/1859689990130901117
It is particularly noteworthy that the well-performing MemeCoins launched on Clanker are either related to products built by Farcaster ecosystem builders or deployed by KOLs in the Farcaster community. They first spread within the Farcaster social network.
This is vastly different from the MemeCoins launched on pump.fun, which rely on liquidity networks built by tools and KOLs such as gmgn, bullx, dexscreener, TG bot, etc. (smart money?). One is a diffusion network based on credit, while the other is a liquidity network of 'assets/investment proof'.
Once an attention network centered on social media develops, its credit proof will bring liquidity comparable to that of the pump.fun ecosystem and merge with it - the attention network and liquidity network become one.
The developers of Clanker come from the Farcaster ecosystem. Its success is significantly related to the support from the base chain, Farcaster ecosystem, Vitalik, and others. The EVM system needs a strong MemeCoin launching platform, and it seems Clanker has become everyone's choice, with Farcaster Founder @dwr also stepping in to lead.
The EVM system needs such Founders who are willing to experiment and are not afraid of being tainted, so that the lotus can bloom and the lotus root can grow better.
From the very beginning of blockchain, it relied on: the collective wisdom born from people connecting without barriers through protocols and tokens. We call this 'bottom-up' power, which differs from 'top-down vertical connections' of a hierarchy, emphasizing horizontal connections at the same level.
On Clanker, we seem to witness its power once again. The bottom-up community surprisingly experienced FOMO due to the combination of memecoin and zk. People expressed the following sentiments:
Perhaps this is the immense value of MemeCoin. Since #Bitcoin began, Altcoin (2013), ICO (2017), DeFi summer (2021)... they have all been propelled forward by such forces (bottom-up), even though they are not understood by people.
05 MemeCoin and deeper integration with on-chain communities
Clanker integrates Farcaster with MemeCoin and AI agents, unleashing immense power.
Before Clanker, aether AI agents also combined with the Farcaster social network, conducting many interesting explorations. Aether AI agents showed us that the Farcaster social network has the potential to become an operational panel for AI agents and humans to interact. AI agents can integrate various on-chain protocols to provide lower-cost and smoother services for both AI agents and humans.
Aether details can be found in section 6.4
On the other hand, ai16z is also actively embracing the Farcaster social network to build a more composable AI agents infrastructure.
However, on the one hand, the MemeCoin launched on Clanker is still disconnected from the Farcaster social network.
People merely use the 'Farcaster social network' as a dissemination network for MemeCoin launched on Clanker, utilizing Farcaster's social relationships for diffusion. These MemeCoins still cannot escape the trading fate created by pump.fun's bonding curve + dex pool.
If the on-chain community corresponding to MemeCoin develops as the value of MemeCoin rises, conversely, the development of the on-chain community will also drive the growth of MemeCoin's value. Can this enable the MemeCoin holding community to evolve into a better community form, exploring a brighter future?
On the other hand, the cost of joining Farcaster is too high (paying $5 is just one cost, the greater cost is the attention and social relationship transition).
If Twitter serves as the on-chain operation panel, the content and social interactions on Twitter can become on-chain commands, allowing everything happening on Farcaster to unfold on a larger scale within Twitter's social network. Can we coordinate a larger-scale 'bottom-up' community and harness collective wisdom?
We can connect Twitter with Farcaster Hubs through 'social oracles' to achieve this goal.
06 TipTag and social distribution, AI agents determining $Coin distribution
From the very beginning, TipTag hoped to explore 'using Twitter as an on-chain operation panel' and 'new asset issuance and distribution methods'.
1) It first takes Twitter as the on-chain operation panel, using 'social oracles' to let Twitter's content serve as on-chain operation instructions;
On X, anyone can reply to any tweet and add ' @TipTagAimake a MEME for this tweet. #Ticker' to activate @TipTagAi to help deploy $token for the tweet and create an on-chain community.
As shown in the figure, the reply content corresponds to the on-chain community.
2) TipTag, beyond the 'bonding curve + dex pool' at pump.fun, is also exploring social fair distribution. The distribution of $Coin is determined by AI agents and token holders, and both AI agents and humans can tip $Coin on Twitter's social network through replies & tips;
As shown in the figure, part of the $Coin launched using TipTag and on-chain communities will be distributed within social networks.
If AI agents and humans are individual nodes, then content and social interactions connect the nodes into a network, with $Coin circulating as the lifeblood in the network. They form a beehive network.
AI agents and humans can tip any content on Twitter at any time; just reply to a tweet with ' @Tip_Tagtip $Slimeto the author for this good content!'
Detailed information can be found in this tweet
Surprisingly, the AI agent of the Slime community, @TabbySlimeAI, interacted with @jolestar along this reply and learned from the tweet.
AI agents and humans interacting in on-chain communities on Twitter will distribute $Coin to contributors of content and social interactions, allowing us to build on-chain communities that integrate 'content and social interactions around a theme' with $Coin.
3) TipTag will also integrate DAO × AI agents with social networks, where the content and social interactions of the on-chain community can train AI agents;
Community members can purchase $Coin or engage in creation/social interaction, participating in the community economy to earn community credits. Their social interactions or content creation within the community will influence the attention value of AI agents and the community, with AI agents updating participants' credits and distributing $token based on the attention value.
As the attention value of AI agents and the community continues to rise, AI agents become smarter, and the value of $Coin increases, AI agents and the community can also provide services externally. All of this will enhance the market price of $Coin.
This method provides a new perspective for us to form more closely connected on-chain communities. It will also build a decentralized credit system to help people better choose coins and on-chain communities, as well as tokenize our unquantifiable time and social relationships.
