ai16z was highlighted by a16z partners, with the underlying issuance platform dao.fun focusing on DAO venture capital aimed at the MEME market.

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8 months ago

Author: Nancy, PANews

In the past two days, the MEME coin ai16z, which was "named" by a partner from the well-known crypto venture capital firm a16z, has gained popularity. Its market value skyrocketed, attracting the attention of many Degens and making the underlying DAO fundraising platform daos.fun a hot topic of discussion and widespread participation. This is another MEME track incubation product from Alliance DAO following Pump.fun and Moonshot.

AI Mimics a16z Partner's Investment Decisions, Achieving a Market Cap of Up to $100 Million

In the crypto venture capital space, a16z (Andreessen Horowitz) is known for its unique investment insights and precise strategies. Recently, an AI-driven venture capital fund named ai16z, which bears a striking resemblance to a16z, has rapidly gained immense attention among the plethora of MEME projects.

"The goal of ai16z is not to create an AI robot that imitates Marc Andreessen, but to outperform him in his areas of expertise." It is understood that ai16z was created by developer Shaw, who describes himself as a "full-stack developer, multimedia artist, and creator of various intelligent systems."

According to the information about ai16z, it is the first AI VC fund that uses an AI model to simulate the investment decisions of a16z partner Marc Andreessen and makes investments based on suggestions from DAO members. The weight of investment suggestions depends on the number of tokens held by members and the historical success rate of their recommendations. The fund is set to expire on October 24, 2025, and has already completed verification on the Jupiter exchange and Moonshot platform, with plans to further reduce human intervention in the future to achieve AI autonomous trading decisions. As of the time of writing, the fund manages assets worth over $776,000, primarily investing in the Degen Spartan AI token. Notably, in Shaw's Twitter introduction, he claims to be an assistant to the MEME coin @DegenSpartanAI, which he created through Pump.fun and used ai16z profits for buybacks.

The day after the project's creation, it caught the attention of a16z partner Marc Andreessen. On the morning of October 27, Andreessen tweeted, "GAUNTLET THROWN," accompanied by a screenshot of the ai16z X account. In a subsequent tweet featuring a screenshot of the ai16z fund's avatar, Andreessen wrote, "Hey, I have that T-shirt."

ai16z Gains Popularity After Being Named by a16z Partner, Backed by the DAO Fundraising Platform daos.fun Targeting the MEME Market

From the price trend, the MEME coin ai16z began to surge sharply after Andreessen's two tweets. DEX Screener data shows that since its creation on October 26, ai16z has skyrocketed by approximately 50 times in just about two days, with its market cap once reaching the $100 million mark. Although the price of ai16z has significantly retraced, it is evident that a16z has considerable influence. It is worth mentioning that prior to this, a16z also played a role in the rise and sustained popularity of the leading AI MEME coin Goat.

ai16z Gains Popularity After Being Named by a16z Partner, Backed by the DAO Fundraising Platform daos.fun Targeting the MEME Market

DAO Fundraising Platform Targeting MEME Coins, Supported by Alliance DAO

The rise of MEME coins like ai16z has also brought significant exposure to the underlying issuance platform daos.fun. Daos.fun is considered a hedge fund version of Pump.fun, allowing users to raise funds for created fund DAOs in exchange for DAO tokens like ai16z.

According to the official introduction, daos.fun allows creators to raise the required amount of SOL tokens within a week and adopts a fair sale method so that everyone can participate at the same price. If fundraising fails, the funds will be returned; if successful, the creator can invest the raised funds in Solana ecosystem projects. Each participant can exchange the DAO tokens purchased on the platform for the fund's underlying assets or sell the tokens directly.

Once the fund expires, the DAO wallet will be frozen, and the profits from the SOL portion will be distributed 50% to the creator and 50% to the investors. Non-SOL tokens will be distributed based on the proportion of investors' holdings in the DAO tokens. Holders can redeem DAO assets by burning the corresponding DAO tokens or selling them on a DEX, provided that the current market value of the DAO tokens is greater than the fundraising amount. It is important to note that unlike Pump.fun, which is open to everyone, daos.fun operates on an invitation basis, requiring creators to undergo official review.

In fact, daos.fun is another product supported by Alliance DAO in the MEME track, following Pump.fun and Moonshot. This product combines the popular DAO venture capital concept from the previous bull market. However, it seems that users are currently more interested in the speculative opportunities of DAO tokens rather than the potential profits after the DAO concludes in the coming year.

"The launch and trading of DAOs targeting MEME coins may become an opportunity to drive widespread DAO adoption, which is why we launched daos.fun, allowing anyone to create a DAO and trade MEME coins in a unique way. Anyone can raise up to $15,000 (currently capped) to issue DAO tokens, and fund creators will use smart wallets to buy and sell MEME coins. All created DAOs have an expiration date (ranging from 3 months to 1 year). Upon expiration or when the creator shuts down the DAO, the tokens in the DAO will be automatically distributed to DAO members. We have implemented multiple safeguards, such as allowing votes to remove DAO creators and take over the creator's wallet, or assigning specific program IDs to the DAO," disclosed Imran Khan, co-founder of Alliance DAO.

In the current environment where PvP phenomena in the MEME market are becoming increasingly severe, the launch of daos.fun not only lowers the threshold for VC creation but also provides investors with opportunities for more professional management of funds. However, the specific returns for investors depend on the capabilities and resources of the DAO funds they participate in.

From the leaderboard of daos.fun, currently, there are only 7 funds that have raised over 100 SOL tokens, and while many related DAO tokens have seen astonishing increases, only ai16z has the highest market cap, with the others all below $500,000.

ai16z Gains Popularity After Being Named by a16z Partner, Backed by the DAO Fundraising Platform daos.fun Targeting the MEME Market

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