Artificial intelligence agent project ai16z, which has no connection to the VC fund of the same name Silicon Valley VC, reached a market capitalization of $1.5 billion on Saturday before falling to around $1.3 billion later on Sunday.
The project itself as a VC fund with AI staff Using Daos.fun's “memefund” launcher, Solana is the first token extension to reach the $1 billion milestone. Solana token extensions Introducing new functionality For their token standard, also known as Token 2022.
The value of the project has increased More than ten times In the last two months since it was first shouted by Marc Anderson (the real one), which by Increase interest in blockchain projects related to AI agents from retail and institutional investors. Notably, ai16z also oversees the Eliza development framework, which allows developers to build their own AI agents.
The turning point despite fluctuations in the value of the fund caused by inner turmoil and AI narratives are rapidly changing. Eliza Labs, the fund's support team, as well Recently announced It will work with Stanford University to study how blockchain-based AI bots can integrate with the broader digital asset economy.
Notably, ai16z has not achieved any major exchange listings, unlike other $1 billion memecoins such as Floki, Dogwifhat, Dogecoin, and a handful of others. They have several whales Made big purchases According to blockchain analytics firm Lookonchain, the token has been used recently.
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