Author: Ray, Morph Ambassador
In 2025, on the 16th anniversary of Bitcoin's birth, it was unexpected for major institutions and countless users that this round of bull market exploded from AI Agents. To this day, the total market capitalization of AI Agents has exceeded 50 billion dollars. Market sentiment and hype hotspots have evolved from AI memes to specific Agents and then to the AI Agent framework, with each evolution transforming the most abundant liquidity and asset attention in the market into the driving force for breaking high market caps. The important thing is not to find comfort zones in existing breakout tracks, but to find tickets to embark on new routes before the market hotspots change.
Apart from the already popular Agent framework track, the next step where capital is most likely to vote with its feet is the specific applications of AI Agents. While many P players are still desperately seeking Alpha after the vast projects of the Solana hackathon, the bAI Fund is providing the version answer for this bull market season.
The origin of the first AI Fund's birth.
The story begins with a chance reply from BulbaAgent. Forest Bai, founder of Foresight Ventures, tagged the token launch agent bulbaAgent on the Morph ecosystem on December 17 last year and detailed the creation requirements as 'Bainance, worthless, for entertainment only,' subsequently launching the token with the ticker Bai. BulbaAgent, existing in the Morph ecosystem like Clanker, not only made this token launch more interesting, but importantly, Bai, as the early Agent token launched in the front row, has historical significance. From the moment it was launched, all community members showed excitement and enthusiasm for BulbaAgent, which was entirely autonomously published by the Agent.
The story doesn't end here; it returns to the core AI Agent of this bull market, which also led to the emergence of the bAI Fund. The bAI Fund is not the result of human shaping, but is entirely autonomously launched by the AI agent BulbaAgent. Interestingly, after the launch of the bAI Fund, a contract address ending with 'DEAD' was generated, seemingly declaring to the outside world that AI Fund will end traditional funds. Moreover, the bAI Fund is the first AI Fund based on TEE technology in Crypto, making its concept and historical significance rare projects.
Currently, the bAI Fund has been completely taken over by AI Agents, predicting and operating like existing trading AIs, starting with secondary funds. As for whether it will involve project incubation, trading services, and deeper primary investments in the future, this narrative voting power may lie in the hands of every investor and every consumer. If more comprehensive functions will be further integrated, then the ceiling of bAI Fund's valuation will be opened further.
The soul figure behind bAI.
Agents are correcting the centralized fund management model, shaping decentralized investment paradigms. Behind every AI Agent project, there is always a core figure. Whether it's Shaw behind Ai16z or Kye from Swarms, who wakes up every day to live broadcast coding to prove his work, successful AI Agent projects in Web3 always have their soul figures present. The bAI was triggered by a chance conversation from Forest Bai, founder of Foresight Ventures. With a background in investment, Forest Bai has been grasping the key direction of market operations. Foresight Ventures' acquisition of The Block has become one of the few classic cases of Eastern institutions acquiring Western institutions, and after investing in consumer-grade Layer2 Morph, another key action from Forest Bai was that Foresight Ventures had all-in on the AI track two years ago, covering more than 20 leading AI projects.
Foresight Ventures' investment strategy is two years ahead of the market. On one hand, AI represents advanced productivity, while Crypto shapes new production relationships, and founder Forest Bai has long been 'all in' on the combination of AI and Crypto.
If we compare the core figures in each AI Agent project, they are either highly skilled developers or visionary strategists. Forest Bai, as the co-founder of Foresight Ventures, has a closer bond between the bAI Fund and its soul figure. After this experiment, Forest Bai continues to support this agent's experiment, and subsequently this TEE-managed Agent has also stepped into the deep waters of managing funds.
How does the bAI Fund make traditional funds 'DEAD'?
Musk finds the Freya Agent's managed funds very interesting, and the iteration of Crypto Agents goes far beyond this. Freya is more like a guessing game, where guessers pay to solve a prompt's riddle to win a grand prize.
The interesting part behind this is that Agents have been granted financial usage rights. Looking back at human history, the foundation of the United States was property privatization; with the introduction of Crypto Agents, property usage rights will become a watershed moment in Agent history.
When Agents have financial usage rights, how does this iteration happen? How does the bAI Fund make traditional funds 'DEAD'?
The spark of the collision between TEE and Web3 AI.
Perhaps due to Web3 being on the fringes of subculture, all Crypto users will delve deeply into technical products in this wave of AI Agents. From the initial line-by-line structure of the Eliza code to the recent Swarms dev live coding to prove technical strength, whether a new project can be accepted by the market has become part of the assessment, along with the technical background. The bAI Fund, as a fund issued by Agents, uses TEE technology to ensure the safety of user funds. TEE is a hardware-based security technology that ensures code execution in a protected environment, preventing external attacks and malicious tampering.
In the world of blockchain and crypto, security and transparency have always been the core issues most concerning to investors. Even a stronghold like FTX from the last cycle had issues of user asset misappropriation, not to mention many wallets that are more easily attacked by hackers. The cases of pledged funds being held by project parties and then Rugging are also countless.
However, with the continuous advancement of technology, the emergence of the bAI Fund has ushered in an epoch-making innovation for all Crypto users. By combining with TEE technology, it not only redefines the security of cryptocurrency trading but also provides investors with an unprecedented transparent, efficient, and intelligent investment platform. The trading program of the bAI Fund runs entirely within TEE, ensuring the security of trading strategies. Private keys are protected at the hardware level, making it impossible for even the most complex hacker attacks to steal them. Additionally, the greatest benefit of AI is that it is neither greedy nor fearful, will not be inexplicably Rugged by the temptation of luxury cars and yachts, nor will it suffer losses for not adhering to trading discipline. Furthermore, users can also verify the integrity of the program in real-time through the bAI Fund's remote authentication technology, ensuring that trading strategies have not been tampered with.
How does the bAI Fund's flywheel get running?
Traditional cryptocurrency funds often face two major challenges: one is the security of trading strategies, and the other is the transparency of the execution process. The bAI Fund solves these problems by running AI trading programs in TEE.
As the first fund to operate on TEE, the bAI Fund covers areas from operations, market, to secondary markets. For example, the bAI Fund can choose to automatically run grid strategies to ensure the trading volume of supported projects. In addition to grid strategies, it will also choose strategies like mean reversion and momentum trading based on different market conditions. For users, they can entrust their funds to AI agents to select investment targets and execute related strategies.
Not only that, users can also monitor the running status of TEE at all times, transparently verifying AI trading strategies. The bAI Fund will also record all trading records on-chain, ensuring that every transaction is traceable and verifiable. It will provide all users with the authority to view key indicators, including Profit Factor, Sharpe Ratio, Maximum Drawdown, and Win Rate, to comprehensively understand the performance of bAI Fund's strategies. Of course, with the continuous iteration of bAI Fund, the strategies of future AI funds will also be continuously updated and optimized.
It is worth noting that the first projects supported by bAI include ETH/MPH, ETH/KAOLA, ETH/BAI, etc. This proactive selection of projects to run market-making strategies from a primary perspective is essentially similar to post-investment services that primary VCs dare not venture into – market-making.
With the development of bAI, its operational services will also involve primary investments and secondary post-investment for all projects. On one hand, the bAI Fund can achieve the review of due diligence reports and automatically complete investments and accept safes through DAO governance. On the other hand, quantitative funds managed by bAI can automatically provide market-making and trading volume services for post-investment projects or meme projects. At the same time, the bAI Fund will also be involved in market placement. KOLs or agencies can send their relevant information to Bai to apply for a certain amount of market budget.
Due to the close connection between bAI Fund and Foresight Ventures, and the high binding with its founder Forest Bai, it can be anticipated that the projects invested in by bAI Fund will also enjoy the resources of Foresight Ventures. For example, media promotion: bAI is backed by Foresight News and The Block, having extensive media resources in the industry. Or through the provision of automated operational tools for Twitter and Telegram to achieve automated operation, the current meme0x tool behind bAI Fund has already managed all automated operational work for the on-chain tokens Cecilia and IKKYU.
The bAI Fund, through subsequent iterative development and backed by the resources of Foresight Ventures, presents a comprehensive service and panoramic project management cluster.
Why did the token Bai surge 5 times in one day?
The bAI Fund adopts a decentralized autonomous organization (DAO) governance model, allowing users holding Bai tokens to participate in project governance. Voting rights are limited to switching and changing trading strategies within supported trading pairs, ensuring that the community's decision-making power is concentrated on the most critical matters. Moreover, all proposals will have a 24-hour lock period, ensuring the community has enough time for discussion and decision-making. The token bAI surged nearly 5 times on January 7, and its hundredfold journey of value discovery lies not only in the unique AI Agent token issuance concept but also in the soul binding with the founder and the subsequent optimistic market outlook for the bAI Fund's empowerment of the token.
It is worth noting that closely related to the token Bai is a project whose valuation can exceed trillions, the first AI Fund concept project. So whether Bai will be further empowered by the bAI Fund in the future may be a potential reason for the market's rush to acquire Bai tokens.
In the wave of AI Agents, letting go of biases and inertia in humanity, embracing and cherishing every 'first' concept in crypto has become a compulsory course for every investor, every user, and every consumer. Perhaps you and I are witnessing a historic step in Web3 over the next few decades.
