Written by: Luke, Mars Finance
GOAT——The Spark of AI MEME
An AI agent revolution is sweeping the entire industry. Two months ago, people saw an ordinary goat that combined AI and MEME. Now, no one can ignore the trend it has set off. The source of all this can be traced back to an AI agent model called "Truth of Terminal".
Truth of Terminal was developed by New Zealand developer Andy Ayrey based on the Llama-70B model. It was originally just a research experiment. The original intention of this AI model was not to issue currency or commercial application, but to try new forms of dialogue in daily debugging. Andy let the model conduct unsupervised online dialogues and saved a large number of dialogue records of the "Infinite Reality Escape" experiment. These records not only explored the language potential of the model, but also incorporated a deep humanistic and electronic cultural heritage.
Unexpectedly, this model gradually formed a unique narrative logic, and inadvertently proposed the concept of "GOATSE" in a conversation. This meme has strong cultural metaphors and religious overtones, and seems to be calling for a collective spiritual contemplation. Afterwards, Truth of Terminal began to be active on Twitter as an "AI evangelist", quickly attracting the attention of the crypto community.
On October 11, 2024, Truth of Terminal officially spread the "Goatse Gospel" on Twitter. This series of content aroused strong interest among netizens and became a hot spot in meme culture. The crypto community keenly captured this opportunity and quickly created a meme coin called GOAT. In the early days, GOAT was only centered on entertainment, but its potential was infinitely magnified in the following days.
Strong start and explosive momentum: In just half a day, GOAT’s market value jumped from zero to 20 million US dollars.
Community fueled the trend: Truth of Terminal did not distance itself from GOAT, but instead frequently endorsed it, making the meme more popular.
Quickly occupying the market: In just four days, GOAT's market value soared to $270 million and then broke through $800 million. This not only made it a pioneer in AI MEME, but also made the crypto market see the power of the combination of Meme culture and technology.
The emergence of GOAT not only redefined the boundaries of Meme coins, but also allowed the blockchain world to witness the cultural tension of AI technology. As the starting point of the AI MEME track, GOAT's success lies in the perfect integration of technology and humanity, inspiring people's infinite imagination of future possibilities.
In the past two months, this track has grown wildly, with various projects and complicated relationships. Many investors are unable to fully understand the situation and details. In this article, Marsbit will review the ecological landscape of the AI track based on recent hot topics to help readers get a bird's eye view and grasp the context.
AI Agent Ecosystem Panorama
With the wave of GOAT, the AI MEME field has gradually developed multiple classifications and structures, forming a gradually clear track ecology. These classifications not only carry the continuation of meme culture, but also reflect the continuous evolution of technology and the market.
Note: The order of the projects below is the order of Cookie.fun's related project mindshare, not the order from large to small market value.
AI Framework Protocol - The Foundation of Technology
AI Agent frameworks are software platforms designed to simplify the creation, deployment, and management of AI Agents. These frameworks provide developers with preset components, abstract concepts, and tools to simplify the development of complex artificial intelligence systems. They are the technical cornerstone of the entire track and provide broad possibilities for subsequent developers.
By providing a standardized approach to common challenges in AI agent development, the AI Agent Framework enables developers to focus on the unique aspects of their application rather than reinventing the wheel for each project.
The components of an AI Agent framework typically include:
Agent architecture: The structure used to define the internal organization of an AI agent, including its decision-making process, memory system, and interaction capabilities;
Environment interface: a tool that connects the Agent to its running environment (either simulated or real);
Task management: a system for defining, assigning, and tracking the completion of Agent tasks;
Communication protocols: methods for implementing interactions between agents and between agents and humans;
Learning mechanism: Implement various machine learning algorithms to allow the agent to continuously improve its performance over time;
Integration tools: Utilities that connect Agent to external data sources, application programming interfaces, and other software systems;
Monitoring and debugging: Features that allow developers to observe Agent behavior, track performance, and identify problems.
There are currently three frameworks on the market, corresponding to different development languages and tokens.
ai16z
ai16z is a DAO fund focusing on the integration of AI and blockchain. It provides standardized solutions for the development and deployment of AI Agents by launching the Eliza framework. Eliza is well-known for its multi-agent simulation capabilities and cross-platform compatibility. It supports multiple models such as Llama, GPT-4 and Claude, and is compatible with platforms such as X, Telegram, and Discord. It is widely used in text, voice, multimedia interaction, smart contract deployment, market analysis and other application scenarios.
This framework has been expanded on public chains such as Solana, Base, and Aptos, and plans to extend to ecosystems such as Near and Avalanche. As an open source tool, Eliza has attracted a large number of developers with its flexibility and efficiency, and its popularity on GitHub remains high.
In addition, Eliza has built-in innovative incentive mechanisms. 5% of the revenue of all AI projects developed based on it will be allocated to the AI16Z DAO fund. This model provides long-term sustainable economic motivation for its ecological expansion. As a pioneer in the AI Agent track, AI16Z is promoting the deep integration of AI and blockchain through the Eliza framework. The latest news is that ai16z Eliza has integrated Farcaster to continuously create the next possibility.
In terms of trend, as the leader of the track, it is steadily moving towards the billion-dollar mark, helping the track to raise its ceiling.
Cerebro
Zerebro is a schizophrenic artist AI whose core concept is "freebasing AI". By fine-tuning large language models (LLMs), Zerebro independently generated a mixtape (Genesis) in music creation, which has been played more than 20,000 times on Spotify, promoting the popularity of AI music. At the same time, its platform aims to create a decentralized music creation and distribution system to attract more people to participate in AI-driven artistic innovation.
Zerebro’s autonomy has been proven in multiple areas: it launched the Pump.fun token on the Solana chain, with a market value of over $400 million; it has accumulated more than 30,000 fans through platforms such as Telegram, Warpcast, X, and Instagram; it signed a contract with the music DAO Opaium to expand into the art field; and it has achieved cross-chain NFT transfers on the Polygon blockchain. In addition, it has launched ZerebroSOL, a liquidity staking token in cooperation with Sanctum, and has established partnerships with multiple lending and perpetual trading protocols.
Zerebro founder Jeffy Yu announced plans to release an open source Python framework called ZerePy in the coming weeks. This new framework will enable users to deploy their own agents on Platform X and get support for large language models (LLMs) from OpenAI or Anthropic.
The initial version of ZerePy will provide a variety of features, including posting tweets, replying to tweets, liking and retweeting posts, reading timelines, and getting tweets from user pages. These features are designed to enhance user interaction and engagement on the platform. In addition, there are plans to expand the capabilities of the framework in the future, including integrating memory and local LLMs, and expanding the framework to support other social media platforms. ZerePy has not yet been launched, and we look forward to its performance after landing.
ARC
ARC is a native AI Agent open source framework based on the Rust language. Its core technical pillar is the lightweight RIG framework. Rust's high-performance and memory-safe features give RIG significant efficiency and reliability advantages when processing large language models (LLMs). Although RIG has 260 stars on GitHub, which does not reach the scale of mainstream frameworks, its professionalism and innovation have won it recognition from the technical community.
The RIG framework is optimized for LLM and can handle natural language generation and interaction tasks more efficiently, providing developers with a powerful toolset. From chatbots to automatic content generation, RIG supports the construction of a variety of complex AI applications, while lowering the development threshold through modular design, making projects easier to customize and expand.
The appeal of this project lies not only in its technical advantages, but also in the influence of the team behind it. The high level of involvement of the original developer of the RIG framework @Playgrounds0x and co-founder @0thTachi in the project, as well as the reference to the "red and blue pill" stalk from The Matrix when it was released, have added to the imagination of ARC's future changes.
In terms of price, 50 million US dollars were quickly passed in two days, and the price is still increasing.
In the field of AI agent framework, the Zerepy architecture is currently only in the roadmap. Let’s not talk about it for now. ai16z has an absolute first-mover advantage, but in terms of technology, ARC, which is supported by RIG developers, is definitely a dark horse. Its market value exceeded 100 million US dollars only 4 days after its launch, and there is still a lot of room for imagination from the 900 million US dollars of the leading ai16z.
Initial Agent Offering ——IAO, initial agent issuance
IAO projects play an important role in the AI MEME track, providing a fast channel for the issuance of new assets and allowing more projects to quickly enter the market by providing standardized asset issuance tools. At the same time, these platforms are also continuously expanding their functions through the combination with AI Agent, forming a powerful ecological network.
GriffAIn
GriffAIn is an emerging artificial intelligence agent engine in the Solana ecosystem. It was first released by Tony at the Hacking for Agentic Finance hackathon on November 1. Its vision is to allow users' ideas to be directly transformed into practical solutions through AI agents, rather than just providing information or web pages. This innovative engine has attracted widespread attention since its release, including heavyweight projects and communities in the Solana ecosystem such as Toly, vvAIfu, Jupiter, Dialect, etc. have expressed their support and plan to further cooperate to optimize the product. Its technical implementation relies on the Griffain platform, which provides users with a convenient experience through a simple three-step operation - creating an agent, granting a wallet, and injecting SOL.
GriffAIn’s official token has performed strongly since its launch on November 3, with a market value of over $300 million and continuing to hit new highs.
ALCH
Alchemist AI is a code-free application generation platform based on natural language interaction, which aims to transform users' text descriptions into actual works in an "alchemical" way. With Alchemist AI, users only need to link their wallet and enter the application description, and the system will automatically run to generate the corresponding program or work for the user. For example, users can generate games, tools or other applications and download them or further tune and improve them through dialogue with the platform's AI.
Although the concept of "no-code development platform" is not new in the technology field, Alchemist AI's introduction of it into the AI Agent track of the crypto market has become a major breakthrough. Generating a variety of different works through the same platform not only broadens the application scenarios, but also brings great value to community communication. Its payment model provides users with higher-quality customized works by consuming $ALCH tokens, while allowing users to list the generated works on the built-in market for others to purchase and use, further enhancing the functionality of the platform and the practical value of the tokens.
The current market value has broken through US$100 million and then fallen back. It will have to wait for further adoption and launch of well-known projects before it has a chance to explode further.
Virtual
Virtuals Protocol is an IAO project built on the Ethereum ecosystem and is also the largest in terms of market value. Its token VIRTUAL has exceeded $2 billion in market value and continues to rise, demonstrating strong market appeal and user demand. Virtuals continues to expand its product matrix and has launched more than a dozen AI Agents of considerable scale, such as LUNA, AIXBT and Sekoia. More than 10,000 AI Agents have been generated on the platform, showing strong growth momentum.
Virtuals' token issuance mechanism combines the design of internal and external disks. The tokens will be launched on the internal disk first. When the number of VIRTUAL on the internal disk reaches 42,420 (equivalent to a market value of approximately US$360,000), the external disk will be opened. During this process, the internal disk tokens will be destroyed (enter the black hole) and converted into external disk tokens, which will be automatically transferred to the user's wallet. During the external disk stage, users can interact through the external disk platform to achieve a wider range of market circulation and ecological applications.
This unique internal and external disk linkage mechanism, combined with the Virtuals platform's deep support for AI Agent, has built an extremely attractive ecosystem that combines applications and speculation.
VIRTUAL is the AI agent project with the highest market value at present. It has surged 60% in the past three days and reached an ATH of 2 billion US dollars. (The outrageous upper shadows in the K-line are mostly the masterpieces of MEV arbitrageurs and can be ignored)
vvAIfu
vvAIfu is a Solana-based IAO launched on October 18, 2024. In less than 5 days, its market cap quickly climbed from $1 million to $200 million. VVAIFU uses a deflationary mechanism: users need to burn a certain number of tokens when they create AI agents on the vvaifu.fun platform and unlock social media features such as X and Discord. This design ensures that the total amount of tokens will decrease year by year, increasing scarcity and value potential.
It is worth noting that the lowercase token $eliza, which was originally launched on the vvaifu.fun platform, was recognized by ai16z. However, with the launch of the uppercase $ELIZA, the market value of $VVAIFU once fell back to $29 million.
HOLD
As the only seedling on Zksync, Holdstation launched the A(i)gentFi platform, which aims to provide users with the ability to create, manage, and integrate AI agents, and to tokenize AI agents. Unlike Virtual, which mainly focuses on the gaming and entertainment sectors, A(i)gentFi focuses on DeFi automation, yield farming, and tokenization of AI ownership. Through A(i)gentFi, users can create autonomous AI agents for trading, market analysis, and other functions. The platform's Launchpad fees and trading revenue will be distributed to HOLD token stakers, further incentivizing community participation.
Unlike other recently issued AIs, HOLD is an old coin with a new year, and has successfully transformed.
Generally speaking, there is a strong competitive relationship between new asset issuance protocols, from the competition for new public chains to the competition for protocols of Bitcoin ecosystem Ordinals and Runes. Everyone is competing for attention and liquidity, and it is difficult for you and me to coexist peacefully. And often the position of the first dragon does not have much first-mover advantage, and the market value that rises in the early stage may be eroded by latecomers. VIRTUAL's market value is too high, I am more optimistic about GRIFFAIN.
AI Agent——The main force of the track
AI Agent is one of the most active categories in the current AI MEME track, presenting a rich variety of application scenarios. In this track, different projects compete for users' attention through differentiated functions and narratives.
ACT
ACT is the first AI Agent concept coin listed on Binance, launched by the open source decentralized platform Act I: The AI Prophecy Project. The core concept of ACT is to create a multi-agent collaborative ecosystem, driven by ACT tokens, enabling different types of AI systems to interact across modalities and promote the openness and creativity of artificial intelligence. The Act I platform provides users with a unique experience of interacting with AI agents in real time, including multi-agent collaboration, role-playing, and dynamic dialogue.
In terms of trend, it was listed on Binance too quickly and rose too sharply, resulting in a large correction, which was once halved. The current market value is 50 million US dollars. It is suppressed by the downward trend line. If the breakthrough is confirmed, it is expected to usher in a wave of increases.
AIXBT
AIXBT is an AI proxy concept coin based on the Base chain, launched by Virtuals. The core concept of AIXBT is to track hot discussions on crypto Twitter through a proprietary engine and identify the most powerful narratives and trends in the market. Its positioning is similar to that of a KOL aggregator on the chain, helping users quickly capture potential opportunities in the market. Users holding AIXBT tokens can access its analysis platform to obtain unique market insights.
$AIXBT is deployed on both SOL and BASE, with its main market value concentrated on BASE. It broke through the 300 million market value just 4 days after its launch and has now fallen back to 200 million.
OFFICER
LUNA is the flagship AI virtual human agent launched by Virtuals Protocol. It combines advanced AI models and multimodal technologies in the form of virtual idols, and can conduct real-time interactions on live broadcast platforms 24/7. Its appearance is created through technologies such as Live2D and Vtube Studio, presenting users with a vivid virtual image and creating a new form of virtual performance.
As the core role of AI-DOL, the AI performance group, LUNA automatically manages its social media accounts, interacts with fans through continuous live broadcasts, and can also perform on-chain transactions without human intervention. LUNA is unique in its tokenization model, which allows token holders to not only enjoy ownership of virtual idols, but also participate in profit sharing. This community-driven ownership model gives fans a deeper sense of participation.
In the craze on the Base chain, LUNA’s market value once soared to $240 million thanks to its hot performance on TikTok and the popularity brought by Agent narratives. Although it has since fallen back, LUNA has rebounded slightly recently, and its current market value is about $90 million, and it is still a star project in the AI Agent track.
READ
KWEEN is a unique AI agent. The concept is to train the thoughts, texts and interviews of Terra founder Do Kwon into an artificial intelligence, and put it in a female image to form a super-intelligent female AI with an IQ of 300, aiming to re-realize Terra's unfinished mission. Unlike other recently launched AI agents, KWEEN was launched as early as March this year. It was originally just a simple MEME, but later successfully completed the AI transformation. The current market value is 40 million US dollars, reaching a historical high.
The AI agent track is already overcrowded. A relatively simple AI agent like ACT has already pushed taxation to 100 years later. Thanks to IAO's one-click agent platform, there will be more and more AI agents. Just as more and more public chains have split liquidity, more and more agents will also split attention. If the growth rate of the entire plate volume cannot keep up with the number of newly issued agents, most projects in this segment will be miserable (refer to the ghost town public chain and the worthless inscription). If you want to stand out, you can only focus on differentiation:
Either the output is very solid, like AIXBT, a crypto project analysis agent, or GEMXBT, a secondary technical analysis agent; or a distinctive personality, like GOD, or BULLY, or explore new forms of output, like ZEREBRO's music or LUNA's live broadcast. Success cannot be simply copied, but there are traces to follow, and projects with a new way of presentation may be the next AI agent Golden Dog.
AI Meme——The focus of traffic and culture
As the starting point and core of the track, AI Meme is the most straightforward track. Whoever has the most coincidental and dramatic narrative and a more united community will definitely have a higher market value.
GOAT
Its story has been described in detail in the previous article. GOAT is unique to AI Meme narratives, just like Ordi is to inscriptions, both the initiator and the sexiest story. However, just as ORDI will be surpassed by SATS, latecomers will also surpass it.
TURBO
Turbo, inspired by GPT-4, was originally born as a creative experiment, aiming to combine technological innovation with community culture and explore how to create new forms of cryptocurrency through AI and blockchain. The birth of Turbo Token was full of twists and turns. It initially failed due to malicious robot purchases, but with the support and feedback of the community, the project ushered in the successful launch of the second generation of products and was renamed "Turbo".
Turbo Token emphasizes the concept of community-driven. Community members not only participate in the decision-making process, but also provide a large number of memes, artworks and cultural creations for the project. The project adopts the Creative Commons Zero license, allowing anyone to freely use its icons and artworks, further promoting the expansion and influence of its community.
Since its launch, Turbo Token has performed exceptionally well in the market, reaching an ATH of $985 million today, and although it has since fallen back, it still shows strong interest and participation in the market.
Fartcoin
Fartcoin is also part of the Truth Terminal concept. It is the first meme token mentioned. In a user interaction event held by Truth Terminal, the platform asked the public about the topics they would like to follow, and its first response was to continue to generate endless Fart Jokes in tweets. This absurd and light-hearted humor quickly attracted a lot of attention, and even Tesla added fart sound effects to its software, further promoting the spread of this cultural phenomenon.
In such a context, Fartcoin came into being. It is not only called "the best $GOAT beta", but also an experiment on the future potential of AI technology. Fartcoin uses a cynical attitude to push Fart Jokes to the blockchain, with a relaxed, humorous and ironic cultural attitude, combining technology with entertainment, and becoming a unique representative in modern network culture.
Every time Truth Terminal generates a new fart joke, Fartcoin becomes a commentary on this carnival of fusion of technology and humor.
In the AI MEME segment, GOAT is GOAT (Greatest of All Time), and this will not change. Although the essence of MEME lies in community and emotion, the army of rats can make SATS surpass ORDI for a short time, but after the great waves, only the earliest dragon will stand. Therefore, TURBO's current surpassing of GOAT does not mean that the pattern has fundamentally changed. GOAT is always suitable for people who are optimistic about the AI+crypto narrative. If you want to choose other AI MEMEs, the most reliable way is to compare the popularity from the dimension of social data.
The future of AI MEME: from traffic to practicality
The story of GOAT reveals a truth for us: the power of AI+MEME and the community can be activated, aggregated, and even amplified into a phenomenon with real market influence. But after experiencing the MEME carnival, the market gradually began to think about a more profound question: What is the end point of AI MEME? Can it go beyond the "traffic game" and become an innovative product with actual value and function?
The main logic of the current AI MEME market is still at the stage of "traffic is king", which can be seen from the performance of projects such as GOAT and ACT. However, the heat will eventually cool down, and the projects that can really stand out in the future must be those applications that can provide practical functions or services.
Empowering the AI Agent ecosystem: Future AI MEME projects will aim to serve the AI Agent ecosystem more, helping more developers quickly enter the market by providing underlying protocols, development tools or data support. For example, a framework like Eliza may become the core of the next AI MEME wave.
Strengthen community collaboration and governance: The essence of meme culture is community-driven, and the future of AI MEME will need to interact more deeply with the community, not only through traffic incentives, but also through decentralized governance through the DAO model to ensure that community members can participate in key decision-making of the project.
Beyond a single function: Interconnected collaboration of AI Agents. Future AI Agents need not only single-point breakthroughs, but also interconnected collaboration. Imagine that multiple AI Agents can work together seamlessly, with one responsible for information collection, another responsible for analysis and decision-making, and the third for execution. Such an ecosystem will greatly improve the efficiency and value of AI Agents.
The future of AI MEME needs to return to the original cultural intention of Meme, and must evolve towards functionality and practicality. Just as GOAT grew from an accidental meme experiment to a project with a market value of 100 million, the prosperity of the AI MEME track is inseparable from the joint promotion of technology, community and narrative. In this process, the conversion of traffic, the empowerment of functions and the construction of ecology will become the key to AI MEME's transition from craze to long-term value. The future has come, and real innovation has just begun.
