Strong whale investment and the Eliza plugin boost ai16z’s rise to a $1 billion market cap.
AI-driven venture capital DAO token ai16z, running on the Solana blockchain, has reached a significant milestone with a market valuation of $1 billion.
With a current value of $1.04 billion, the $AI6Z token has seen a 24-hour gain of 46.93% at the time of writing, reaching an all-time high. This increase underscores the growing impact of ai16z, a cutting-edge initiative that combines decentralized finance with artificial intelligence.
Marc Andreessen leads a decentralized autonomous organization that oversees all aspects of ai16z. Unlike traditional funds like Andreessen Horowitz (a16z), ai16z is fully managed by a DAO, with investment decisions made based on recommendations from its members.
Rather than simply emulating Marc Andreessen’s investment expertise, ai16z aims to develop an AI system that can outperform him in the areas in which he excels, creating a more efficient and autonomous approach to venture capital. This collaborative and innovative model sets ai16z apart from traditional venture capital firms and pushes the boundaries of what an AI-driven fund can achieve.
Earlier today, a whale took 13,000 Solana (SOL) tokens worth $2.58 million from Coinbase to purchase 2.86 million governance AI16Z tokens at an average price of $0.90 per token . These types of governance tokens give protocol participants the ability to vote and give them a say in strategic decisions.
After the purchase, the tokens were moved to the whale’s primary wallet, which currently has 15.6 million…
