bAI Fund adopts a governance model of decentralized autonomous organization (DAO), allowing users holding Bai tokens to participate in project governance.

Author: Ray, Morph Ambassador

In 2025, on the 16th anniversary of Bitcoin's birth, what major institutions and countless users did not expect was that this bull market would start to explode from AI Agents. To date, the total market capitalization of AI Agents has exceeded $50 billion. Market sentiment and hype hotspots have evolved from AI memes to specific Agents and then to AI Agent frameworks, with each evolution transforming the most abundant liquidity and asset attention in the market into momentum for breaking through high market values. The important thing is not to find a comfort zone in existing breakout tracks, but to find a ticket to embark on a new route before the market hotspots shift.

In addition to the already popular Agent framework track, the next step where funds are most likely to vote with their feet is the specific applications of AI Agents. While many P players are still struggling to find Alpha after the vast projects of the Solana hackathon, bAI Fund is providing the version answer for this bull market season.

The Birth of the First AI Fund

The story begins with a coincidental reply from BulbaAgent. Forest Bai, the founder of Foresight Ventures, tagged the token launch agent bulbaAgent on December 17 last year, detailing the creation requirements of "Bainance, worthless, for entertainment only," and then initiated the deployment of the token with the ticker Bai. BulbaAgent, like Clanker in the Morph ecosystem, not only made this token launch more interesting but, more importantly, Bai, as an early Agent token launched in the front row, has historical significance. From the moment it went live, all community members showed excitement and enthusiasm for BulbaAgent, a token completely autonomously released by Agents.

At this point, the story is still not over; it returns to the core AI Agent of this bull market, leading to the emergence of bAI Fund. bAI Fund is not a result of human shaping but is completely autonomously launched by the AI agent BulbaAgent. Interestingly, after the launch of bAI Fund, a contract address ending with "DEAD" was generated, seemingly announcing to the outside world that AI Fund would end traditional funds. Moreover, bAI Fund is also the first AI Fund in Crypto based on TEE technology, making it a rare project in terms of concept and historical significance.

Currently, bAI Fund has been completely taken over by AI Agents, predicting and operating similarly to existing trading AIs, starting from secondary funds. As for whether it will involve project incubation, trading services, and deeper primary investments in the future, such narrative voting rights may lie in the hands of every investor and consumer. If more comprehensive functions are further integrated, the valuation ceiling of bAI Fund will be further opened.

The Soul Behind bAI

Agents are correcting the centralized fund management model, shaping a decentralized investment paradigm. Behind every AI Agent project, there is always a core figure. Whether it is Shaw behind Ai16z or Kye, who proves Swarms by live coding every day, successful AI Agent projects in Web3 have their soul figures. bAI originated from a chance conversation by Forest Bai, the founder of Foresight Ventures. With a background in investment, Foresight Bai has always grasped the key direction of market operations. Foresight Ventures' acquisition of The Block became one of the few classic cases of Eastern institutions acquiring Western institutions, and after investing in consumer-grade Layer2 Morph, Forest Bai's other key move was that Foresight Ventures went 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 "bet heavily" on the combination of AI and Crypto.

If we compare the core figures in each AI Agent project, they are either technically proficient developers or visionary strategists. As a co-founder of Foresight Ventures, the bond between bAI Fund and its soul figure is even closer. After this experiment, Forest Bai continues to support this agent experiment, and this TEE-hosted Agent is also stepping into the deep waters of fund management.

How bAI Fund Makes Traditional Funds "DEAD"

Musk finds it very interesting that Freya Agent manages funds, and the iteration of Crypto Agents goes far beyond that. Freya is more like a guessing game where participants pay to solve a prompt puzzle and win prizes.

The interesting part behind this is that Agents are 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.

Once Agents have financial usage rights, how does this iteration occur? How does bAI Fund make traditional funds "DEAD"?

The Spark of TEE and Web3 AI Collision

Perhaps due to Web3 being on the edge of subculture, all Crypto users will delve deeply into technical products during this wave of AI Agents. From the initial line-by-line structure of Eliza's 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 evaluation based on technical background. As a fund issued by Agents, bAI Fund 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 concerns of investors. Even the powerful FTX from the last cycle faced issues of user asset misappropriation, not to mention many wallets on-chain that are more easily attacked by hackers. The cases of staked funds being in the hands of project parties and then rug pulling are numerous.

However, with continuous technological advancements, the emergence of bAI Fund brings an epoch-making innovation to all Crypto users. By integrating 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 bAI Fund runs entirely in 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. Moreover, the greatest benefit of AI is that it is not greedy or fearful; it will not rug pull due to the temptation of luxury cars and yachts, nor will it suffer losses for not adhering to trading discipline. Additionally, users can use bAI Fund's remote authentication technology to verify the integrity of the program in real-time, ensuring that trading strategies have not been tampered with.

How Does the Flywheel of bAI Fund Start Running?

Traditional cryptocurrency funds often face two major challenges: the security of trading strategies and the transparency of the execution process. bAI Fund addresses these issues by running AI trading programs in TEE.

As the first fund operating on TEE, bAI Fund covers areas from operations, markets, to secondary markets. For example, bAI Fund can choose to automatically run grid strategies for the projects it supports to ensure trading volume for those trading pairs. In addition to grid strategies, it will also select mean reversion and momentum trading strategies based on different market conditions. For users, they can entrust their funds to AI agents to select investment targets and execute related strategies.

Moreover, users can monitor the operational status of TEE in real-time, transparently verifying AI trading strategies. bAI Fund will also put all trading records on-chain, ensuring that every transaction is traceable and verifiable. It provides all users with access to view key metrics, including Profit Factor, Sharpe Ratio, Maximum Drawdown, and Win Rate, to comprehensively understand the performance of bAI Fund's strategies. Of course, as bAI Fund continues to iterate, the strategies of subsequent AI funds will also be continuously updated and optimized.

It is worth noting that the first projects supported by bAI are ETH/MPH, ETH/KAOLA, ETH/BAI, etc. This proactive approach of selecting projects from a primary perspective to run market-making strategies is essentially similar to post-investment services that primary VCs dare not venture into—market makers.

As bAI develops, its operational services will also involve primary investments and secondary post-investment for all projects. On one hand, bAI Fund, governed by DAO, can conduct audits of due diligence reports, automatically complete investments, and accept SAFT. On the other hand, the 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, bAI Fund will also be involved in market deployment. 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 strong binding with its founder Forest Bai, it can be anticipated that projects invested in by bAI Fund will also benefit from the resources of Foresight Ventures. For example, in media promotion, bAI is backed by Foresight News and The Block, among other Eastern and Western media, possessing extensive industry media resources. Additionally, by providing automated operation tools for Twitter and Telegram, automated operations can be achieved. Currently, the meme0x tool behind bAI Fund has already managed all automated operations for the Morph chain tokens Cecilia and IKKYU.

Through subsequent iterative development and the backing of Foresight Ventures' resources, bAI Fund presents a comprehensive service and panoramic project management cluster.

Why Did the Token Bai Surge 5 Times in One Day?

bAI Fund adopts a governance model of decentralized autonomous organization (DAO), 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. All proposals will have a 24-hour lock-up period to ensure the community has sufficient time for discussion and decision-making. The token bAI surged nearly 5 times on January 7, and its hundredfold 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 market optimism regarding bAI Fund's empowerment of the token.

It is worth noting that closely related to the token Bai is a project with a valuation that could exceed trillions, representing the first AI Fund concept. Therefore, whether Bai will be further empowered by 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, setting aside human biases and inertia, embracing and cherishing every "first" concept in crypto has become a compulsory course for every investor, user, and consumer. Perhaps you and I are witnessing a groundbreaking step in Web3 that will last for decades to come.

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