After being mentioned by a16z partner, ai16z's market value skyrocketed to 100 million, making the fundraising platform the focus.

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These days, the meme coin ai16z, which was 'named' by the well-known encryption venture capital a16z, has become popular, and its Market Cap surge has not only attracted the attention of many Degen, but also made the DAO fundraising platform daos.fun behind it the focus of heated discussion and widespread participation. This is another meme track incubation product of Alliance DAO after Pump.fun and Moonshot.

AI emulates a16z partner investment decisions, as I personally promoted Market Cap to reach a peak of $100 million in a post.

In the field of encryption investment, a16z (Andreessen Horowitz) is known for its unique investment vision and precise strategy. Recently, a fund called ai16z, which has a name similar to a16z and is AI-driven, has quickly gained high attention in the emerging meme projects.

"ai16z's goal is not to make an AI robot that mimics Marc Andreessen, but to beat him in the industry he does best." It is understood that AI16z is a self-proclaimed "full-stack developer, multimedia artist, and creator of various intelligent systems" created by developer Shaw.

According to the introduction of ai16z, this is the first AI VC fund that uses AI models to simulate a16z partner Marc Andreessen's investment decisions and invests through the recommendations of DAO members. The weight of the investment recommendations depends on the number of tokens held by the members and their historical success rate. The fund will expire on October 24, 2025. As of the time of writing, the fund manages assets worth over $776,000 and mainly invests in Degen Spartan AI Token. It is worth mentioning that in Shaw's Twitter introduction, he claimed to be an assistant for the meme coin @DegenSpartanAI, which he himself created and repurchased using the ai16z profits through Pump.fun, and has also been skyrocketing.

The project caught the attention of a16z partner Marc Andreessen on the second day after its creation. On the morning of October 27th, Andreessen posted a message saying, 'GAUNTLET THROWN', accompanied by a screenshot of the ai16z account. In a subsequent post with a screenshot of the ai16z fund avatar, Andreessen wrote, 'Hey, I have that T-shirt'.

Image source: PANews

From the perspective of price trend, the meme coin ai16z surged in a straight line after Andreessen posted two posts in a row. DEX Screener data shows that since its creation on October 26th, ai16z has soared by about 50 times in just two days, and the Market Cap also once reached the $100 million mark. Although ai16z's price has now fallen sharply, it is also enough to see the appeal of a16z. It is worth mentioning that before this, a16z also played a certain promoting role in the rise and continued popularity of the leading AI meme coin Goat.

Image source: PANews

A fundraising platform for meme coins, supported by Alliance DAO

Behind the popularity of meme coins like ai16z, there is also a high exposure of the underlying issuance platform daos.fun. daos.fun is considered as the hedge fund version of Pump.fun, allowing users to raise funds for the created fund DAO 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 conducts a fair sale to ensure that everyone can participate at the same price. If the fundraising fails, the funds will be returned; if successful, the creator can invest the raised funds in Solana ecosystem projects. Each participant's DAO Tokens can be exchanged for or directly sold for the underlying assets of the fund on the platform.

Once the fund expires, the DAO Wallet is frozen and 50% of the profits from $SOL will be distributed to the creator, and 50% will be distributed to the investors. Non-$SOL tokens will be distributed according to the proportion of the investor's holdings in the DAO Token. Holders can redeem DAO assets by destroying the corresponding DAO Tokens or selling them on the DEX. The prerequisite is that the current Market Cap of DAO Tokens must be greater than the fundraising amount. It should be noted that unlike Pump.fun, which is open to everyone, daos.fun operates on an invitation-only basis and creators need to go through official review.

Actually, daos.fun is another product of Alliance DAO in the meme track, in addition to Pump.fun and Mootshot. This product combines the popular DAO investment concept from the last bull run. However, it seems that currently users are only rushing for the speculation opportunity of DAO Token, rather than seeing the potential profit after the end of DAO in the coming year.

"The long wick candle may become an opportunity for the initiation and trading of the DAO for memetic coins, which is why we launched daos.fun, allowing anyone to create a DAO and trade memetic coins in a unique way. Anyone can raise up to $15,000 (currently with a limit) of issuance DAO Tokens, and the fund creators will use the intelligent Wallet to buy and sell memetic coins. All created DAOs have an expiration time (ranging from 3 months to 1 year). When the expiration date is reached or when the creator closes the DAO, the Tokens in the DAO will be automatically distributed to the DAO members. We have implemented several security measures, such as allowing voting to remove the DAO creator and taking over the creator's Wallet, or assigning specific program IDs to the DAO." Alliance DAO co-founder Imran Khan revealed.

In the increasingly serious phenomenon of PvP in the meme market, the launch of daos.fun not only lowers the threshold for creating VC, but also provides investors with the opportunity to obtain more professional management of funds. However, the specific returns for investors depend on the ability and resources of the DAO fund they participate in.

From the ranking list of daos.fun, there are currently only 7 funds that have raised more than 100 $SOL Tokens, although many DAO Tokens have seen amazing growth. However, only ai16z has the highest market capitalization, with the rest being below $500,000.

Image source: PANews

[Disclaimer] The market is risky, and investment needs to be cautious. This article does not constitute investment advice. Users should consider whether any opinions, views or conclusions in this article are suitable for their specific situation. Invest at your own risk.

This article is authorized to be reproduced from: "PANews"

Original author: Nancy, PANews

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GateUser-a37afdf9vip
· 2024-10-29 12:59
Buy the dip 🤑
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