On the weekend of October 27, another meme project ai16z, which was covered with the "a16z concept", attracted widespread attention from the market, and its market value hit 80 million US dollars in just one day. Like GOAT, it not only ignited the hype enthusiasm of degens, but also excited many investors, and the DAOS.FUN behind it opened up the community's imagination of "AI investment DAO".

Is it really a concept or a real thing? What is ai16z?

On the weekend of October 27, a meme token called ai16z quickly spread in the community. At first glance, it looked like another dog dish that was a concept. What was unexpected was that this project actually got the "platform" of Marc Andreessen, the founder of a16z. Marc posted a message on his official Twitter account, forwarding the concept picture of ai16z and the official Twitter link.

Previously, it was because Marc donated $50,000 in Bitcoin to Andy, the founder of Truth Terminal, as support funds that Truth Terminal "called out" the GOAT meme, so the market showed great enthusiasm for the products supported by Marc.

Related reading: "a16z talks about GOAT: How did the AI we funded become a multi-millionaire with $50,000? 》

ai16z is a decentralized AI trading fund based on the Solana blockchain. As an "AI investment DAO", the core of ai16z is to use AI agents to obtain market information, analyze community consensus, and automatically trade tokens on and off the chain. This new model aims to combine AI trading strategies and decentralized governance through tokenized operations to provide investors with more transparent and trustworthy investment opportunities.

The founder of ai16z is @shawmakesmagic. Interestingly, according to him, Marc's article showed him how startups or venture capital work, which is very important to him. Many community members also believe that the progress that ai16z has brought to DAO investment and the fair issuance of crypto projects also makes Marc's confidence in ai16z more reasonable. Everyone believes that the integration of AI and venture capital will greatly change the future market landscape.

ai16z holders can not only participate in the governance of the project, but also obtain the income of the fund. Users who hold 100 or more ai16z tokens can interact with the AI agent and influence its trading decisions. The more shares of ai16z a user holds, the more weight ai will give to his opinions. Interestingly, this project is also strongly associated with another token called degenai.

Degenai is an AI agent token. It and ai16z are developed by the same development team. Simply put, degenai is the robot itself, an AI agent, and ai16z is a redeemable fund. Users do not communicate directly with ai16z about investment decisions, but first have a dialogue with Degen Spartan AI, and indirectly influence ai16z's final decision through Degen Spartan, and part of ai16z's investment income is also used to repurchase degenai.

However, as of now, most of the messages in Degen Spartan's Telegram channel are just pop-up notifications of on-chain addresses buying degenai.

However, this does not hinder the market's enthusiasm for investing in new concepts. The tweets co-created by a16z soon pushed the market value of ai16z to $80 million, generating a speculative premium far exceeding the net asset value of its address (about $70,000 at the time). Of course, the FOMO sentiment did not last long, and both ai16z and degenai were "cut in half" this morning.

Through the analysis and collation of on-chain data, the community seems to have uncovered the conspiracy group behind these two meme tokens. According to @tocuee, this conspiracy group also issued many other meme tokens, all related to the concept of AI. Among them, LOTUS also rushed into the hot token rankings of DexScreener this morning.

Raising funds to invest in memes together, what is DAOS.FUN behind ai16z?

After the concept of "AI investment in DAO" became popular, DAOS.FUN, the issuance platform behind ai16z, also attracted people's attention.

This is an innovative Meme token launch platform that aims to provide a more transparent and fair environment for investors on the Solana blockchain. Unlike pump.fun, DAOS.FUN adopts an invitation system, which means that only screened projects can issue tokens on the platform. This "official strict selection" mechanism can reduce the burden of screening tokens for users.

DAOS.FUN projects need to reach the target fundraising amount before they can be opened for trading, and the entry cost for all participants is the same. This is different from pump.fun.

The steps to launch an investment DAO on DAOS.FUN include:

1. Fundraising: Creators have 1 week to raise the required amount of SOL. This fundraise is a fair launch of the DAO token, and everyone gets the same price.

2. Trading: After the fundraiser ends, creators will be responsible for SOL investment in their favorite Solana protocol, and the token will be public on the virtual AMM. This allows the DAO token price to fluctuate based on the fund's trading activity. The upside of this curve is unlimited, but its downside is limited to the market value of the fundraising. Users can sell their DAO tokens at any time as long as the market value of the token exceeds the original fundraising amount.

3. Funds expire: When the fund expires, the DAO wallet is frozen and the SOL in the profit will be returned to the token holders. Users can destroy their DAO tokens to redeem the DAO's underlying assets, or, if its market value is higher than the fundraising amount, they can sell the tokens directly through the curve mechanism.

After a weekend of FOMO sentiment hype, a lot of new investment DAOs burst out on the DAOS.FUN rankings, and all of them have amazing increases. Of course, the top rankings are naturally the two DAO tokens with a16z and Sequoia Capital as the main concept.

It is worth noting that DAOS.FUN not only follows the track and style of Pump.fun, Moonshot and other products, but also comes from the same school. After DAOS.FUN became popular, people soon discovered that it was also a product incubated by AllianceDAO. This year, AllianceDAO has successively incubated a number of killer products, directly detonating the meme track and becoming the biggest dark horse fund in this cycle.

Related reading: Three months to become the "Binance of meme", things you don't know about Moonshot

AI DAO, a new narrative after AI meme?

Since GOAT opened up a new track for AI meme, AI meme tokens have emerged in an endless stream, most of which are centered around the functions of a certain robot, such as dancing and trading. But ai16z has opened up a new direction for AI DAO, in which we can see how AI robots can achieve decentralization and automation of investment decisions, and can communicate with humans holding AI tokens to jointly improve investment decisions.

The new concept immediately sparked the imagination of the crypto community. Many community members who used to pay attention to DAO organizations have also begun to discuss the new growth space brought by DAOS.FUN after combining with AI.

Even VCs can hardly hide their excitement about this new direction, and many investors have expressed their new expectations for AI investment in the DAO field. Of course, the most vocal ones are the co-founders of AllianceDAO.

Through the strategy of decentralized autonomy and public trading, users can understand the decision-making process of AI more transparently, and the interests of token holders are directly linked to AI DAO. Even if the fund loses money, the shares held by investors will not be abandoned. The "de-trust" mechanism is close to the original vision of the crypto world - to achieve truly decentralized transactions without the intervention of middlemen. For most crypto investors, this is an exciting new concept, but how long the creator ai16z can run will only be left to time to verify.

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