As a seasoned analyst with a decade of experience in the blockchain industry, I find the move by ai16z to launch its own layer-1 (L1) blockchain network quite intriguing. Given my background, I’ve seen numerous projects attempt this, and the success rate is often lower than the number of stars in the Milky Way. However, ai16z seems to have a unique selling proposition with its focus on AI agents, which could potentially disrupt the market if executed well.
The idea of creating an AI agent launchpad to drive value to their native token, $ai16z, is not novel but certainly interesting. The proposed mechanics, such as taking a percentage of launch fees, requiring $ai16z holdings for allocation, and pairing agent tokens with $ai16z in liquidity pools, are standard practices in the DeFi space. However, the application to AI agents is innovative and could attract a niche but potentially lucrative audience.
The proposed L1 blockchain being open-source with node incentives and ai16z’s native token as the base currency is a sensible approach. If they can deliver on their promises of scalability, security, and decentralization, they might just have a shot at success.
However, let’s not forget that the blockchain industry is full of hype and over-promises. As Yogi Berra once said, “It’s tough to make predictions, especially about the future.” So, while I’m cautiously optimistic about ai16z’s L1 blockchain project, only time will tell if they can deliver on their ambitious plans.
And as a final note, if the AI agents do take on a more prominent role within decentralized communities, I wonder if we’ll ever reach a point where we’re arguing with our smart contract about the best place to invest our crypto… Now that would be a wild future!
16z AI, an agent-oriented artificial intelligence platform, is considering the creation of its own Layer-1 (L1) blockchain network as part of a comprehensive restructuring of its token economics.
The project is exploring the idea of developing a platform akin to pump.fun, intended for deploying artificial intelligence (AI) agents, as suggested in a post from its governance forum. Furthermore, the post indicates that the project is also thinking about establishing ai16z as a foundational blockchain for AI.
AI16z contributors view the AI agent launchpad as a key method for employing ‘flywheel’ economics using the project’s native token, $ai16z, which is intended to generate value for it.
According to the blog post, proposed features involve collecting a percentage of launch fees, demanding ownership of $ai16z for distribution, utilizing $ai16z during initial agent sales, and linking agent tokens with $ai16z within liquidity pools.
According to the statement, the open-source platform (L1) will offer rewards for nodes and use the AI16Z token as its primary currency.
Rapid rise
In just over a month since its debut in October, the AI16Z token has built up an impressive market value of approximately $1.5 billion, as reported by CoinGecko.
AI16z presents itself as “the pioneer decentralized autonomous organization (DAO) governed by artificial intelligence agents,” as stated on their official website.
By harnessing the power of its leading AI system, Eliza, ai16z aspires to utilize artificial intelligence and collective wisdom to guide their investment choices.
The self-governing investment fund currently oversees a digital asset liquidity pool, reportedly generating yearly returns close to 25%, as per information from the site daos.fun.
This automated money fund is taking care of a special kind of digital money pool, and it’s said to be earning around 25% every year, based on data shared by daos.fun)
The Eliza operating system is reportedly behind more than a dozen Web3 AI agents, as per elizas.world, a platform run by the community.
Web3 AIs
By December’s end, it’s estimated that around 10,000 artificial intelligence (AI) agents are active on various blockchain networks. These AI entities are reportedly generating millions in weekly earnings from on-chain activities, as detailed in a study by VanEck.
By the year 2025, it’s anticipated that there will be more than a million artificial intelligence (AI) agents inhabiting blockchain networks, as suggested by the asset manager.
By the year 2024, the market value of tokens associated with autonomous AI agents surpassed $10 billion, primarily during the fourth quarter, as reported by CoinGecko.
In the year 2025, AI agents are anticipated to play a more significant part in autonomous, community-based networks, according to J.D. Seraphine, an AI specialist working for Raiinmaker within the Web3 sphere, as shared with CryptoMoon.
Read More
- FLOKI PREDICTION. FLOKI cryptocurrency
- TRB PREDICTION. TRB cryptocurrency
- JTO PREDICTION. JTO cryptocurrency
- CAKE PREDICTION. CAKE cryptocurrency
- XDC PREDICTION. XDC cryptocurrency
- MNT PREDICTION. MNT cryptocurrency
- Dandadan Shares First Look at Season Finale: Watch
- OKB PREDICTION. OKB cryptocurrency
- HBAR PREDICTION. HBAR cryptocurrency
- COW PREDICTION. COW cryptocurrency
2024-12-30 20:01