ai16z Explores AI-Focused L1 Blockchain as Token Hits $1.8B Market Cap

Synthetic intelligence platform ai16z is considering launching a layer-1 (L1) blockchain community as a part of a strategic overhaul of its tokenomics mannequin.

The proposed blockchain would place its native AI16Z token as the bottom foreign money for an interconnected ecosystem centered on synthetic intelligence.

A governance discussion board post reveals that the AI platform is exploring the event of a undertaking just like Pump.enjoyable to facilitate the launch of AI brokers. Moreover, the staff is contemplating positioning AI16Z as an L1 blockchain tailor-made for synthetic intelligence functions.

Contributors within the dialogue view the proposed launchpad as a key mechanism to implement “flywheel” tokenomics to extend the worth of AI16Z.

They proposed a number of approaches to realize the aim, together with taking a share of launch charges, requiring AI16Z holdings for allocation, leveraging the token for preliminary agent choices, and pairing agent tokens with it in liquidity swimming pools.

Furthermore, builders and tasks would obtain ecosystem funds, revenue-sharing alternatives, third-party launchpad help, and AI16Z’s inherent worth. Moreover, buyback and burn methods funded by platform charges are into consideration to accrue worth to the token.

To make sure high quality and alignment with ecosystem targets, the staff can also be considering a community-driven “curation” course of, the place supporters would vet tasks earlier than launching by means of mechanisms akin to staking and slashing.

The put up emphasised that the principle aim is to create an interconnected ecosystem the place varied merchandise contribute to 1 one other’s worth, all intrinsically tied to the AI16Z token.

AI16Z Token’s Fast Progress

AI16Z identifies itself as “the primary funding DAO led by AI brokers,” leveraging its flagship AI working system, Eliza, to mix synthetic and collective intelligence in making funding choices.

In keeping with CoinGecko data, the token’s market cap has surged previous the $1.8 billion mark. On the time of writing, it was buying and selling at $1.69 after earlier hitting a brand new all-time excessive (ATH) of $1.77. Whereas about 5.7% beneath the ATH, its present value continues to be an enormous 380% enchancment previously month.

Additional, a report by VanEck confirmed the Web3 ecosystem now hosts roughly 10,000 AI brokers, collectively producing thousands and thousands of {dollars} in weekly earnings by means of on-chain actions. The asset supervisor tasks that blockchain networks’ AI agent inhabitants may surpass 1 million by the tip of 2025.

Moreover, current insights from the Web3 analytics platform Dexu AI reveal that  AI-driven applied sciences, led by AI16Z, generated a formidable 72.2% return over the previous month. Beforehand, the cryptocurrency was one of many poor performers amongst tokens launched on Binance Alpha, dropping 18.5% of its worth earlier than rediscovering its footing.

Its uptick could not come as a shock, with Bitfinex not too long ago hinting that such tokens may change the crypto area as extra individuals use them to execute transactions, optimize their funding methods, and handle their crypto wallets.