On the weekend of October 27, the meme project ai16z, draped in the "a16z concept," attracted widespread attention from the market, with a market cap hitting $80 million just one day after its launch. Like GOAT, it not only ignited the speculative enthusiasm of degens but also excited many investors, while the DAOS.FUN behind it opened up the community's imagination for "AI Investment DAO."
Is ai16z just riding the concept wave or is it for real?
On the weekend of October 27, a meme token named ai16z quickly spread within the community, initially appearing to be just another concept-riding project. Unexpectedly, this project received a "stamp of approval" from Marc Andreessen, the founder of a16z. Marc tweeted, sharing the concept image of ai16z along with the official Twitter link.
Previously, Marc had donated $50,000 in Bitcoin to Andy, the founder of Truth Terminal, as support, which led to Truth Terminal "calling out" the meme giant GOAT. As a result, the market showed high enthusiasm for products endorsed by Marc.
Related Reading: "a16z Talks GOAT: How We Turned $50,000 into Millionaires with AI?"
ai16z is a decentralized AI trading fund based on the Solana blockchain. As an "AI Investment DAO," the core of ai16z is to utilize AI agents to gather market information, analyze community consensus, and automatically conduct token trading both on-chain and off-chain. This new model aims to combine AI trading strategies with decentralized governance through tokenization, providing investors with more transparent and trustworthy investment opportunities.
The founder of ai16z is @shawmakesmagic. Interestingly, according to him, Marc's article showed him how startups or venture capital operate, which was very important to him. Many community members also believe that the advancements ai16z brings to DAO investment and fair issuance of crypto projects make Marc's confidence in ai16z seem more reasonable, as everyone believes that the integration of AI and venture capital will significantly change the market landscape.
Holders of ai16z can not only participate in the governance of the project but also receive profits from the fund. Users holding 100 or more ai16z tokens can interact with the AI agent to influence its trading decisions; the more ai16z tokens a user holds, the more weight the AI gives to their opinions. Interestingly, this project is also strongly associated with another token called degenai.
Degenai is an AI agent token developed by the same team as ai16z. In simple terms, degenai is the AI agent itself, while ai16z is a redeemable fund. Users do not directly communicate with ai16z for investment decisions but first converse with Degen Spartan AI, indirectly influencing ai16z's final decisions. A portion of the investment profits from ai16z is also used to buy back degenai.
However, as of now, most messages in the Degen Spartan Telegram channel are just pop-up notifications for buying degenai on-chain.
Nonetheless, this does not hinder the market's investment enthusiasm for the new concept. The tweet from a16z's co-founder quickly pushed ai16z's market cap to $80 million, generating a speculative premium far exceeding its net asset value at the time (around $70,000). Of course, the FOMO sentiment did not last long, as both ai16z and degenai suffered a "halving" this morning.
Through the analysis of on-chain data, the community seems to have uncovered a conspiracy group behind these two meme tokens. According to @tocuee, this conspiracy group has also orchestrated the issuance of many other meme tokens, all related to the AI concept. Among them, LOTUS also surged into the DexScreener's list of popular tokens this morning. 
What is DAOS.FUN, the platform behind ai16z that is raising funds for memes?
After the "AI Investment DAO" concept gained popularity, the issuing platform DAOS.FUN behind ai16z also caught people's attention.
This is an innovative meme token launch platform aimed at providing a more transparent and fair environment for investors on the Solana blockchain. Unlike pump.fun, DAOS.FUN operates on an invitation-only basis, meaning only vetted projects can issue tokens on the platform. This "official selection" mechanism alleviates the burden of token selection for users.
Projects on DAOS.FUN need to reach their target fundraising amount before trading can commence, and all participants have the same entry cost. This is different from pump.fun. 
The steps to issue an investment DAO on DAOS.FUN include:
Fundraising: Creators have one week to raise the required amount of SOL. This fundraising is a fair issuance of DAO tokens, where everyone can obtain the same price.
Trading: After fundraising ends, the creators will be responsible for investing SOL into their favorite Solana protocols, and the token will be publicly traded on a virtual AMM. This allows the price of the DAO token to fluctuate based on the fund's trading activities. The upward potential of this curve is unlimited, but the downward potential is limited to the market cap of the fundraising. As long as the token's market cap exceeds the original fundraising amount, users can sell their DAO tokens at any time.
Fund Expiration: When the fund expires, the DAO wallet is frozen, and the SOL profits will be returned to the token holders. Users can destroy their DAO tokens to redeem the underlying assets of the DAO, or if its market cap is higher than the fundraising amount, they can directly sell the tokens through the curve mechanism.
After a weekend of FOMO-driven speculation, a plethora of new investment DAOs have emerged on the DAOS.FUN leaderboard, all with astonishing gains. Naturally, the top-ranked ones are two DAO tokens primarily riding on the concepts of a16z and Sequoia Capital.
It is worth noting that DAOS.FUN not only follows the track and style of products like Pump.fun and Moonshot but is also from the same lineage. After DAOS.FUN gained popularity, people quickly discovered it is also a product incubated by AllianceDAO. This year, AllianceDAO has incubated several killer products, directly igniting the meme track and becoming the biggest dark horse fund in this cycle.
Related Reading: "Becoming the 'Binance of Memes' in Three Months: What You Don't Know About Moonshot" 
AI DAO, a new narrative after AI memes?
Since GOAT opened up the new track for AI memes, tokens related to AI memes have been emerging, mostly revolving around certain functionalities of robots, such as dancing and trading. However, ai16z has opened a new direction for AI DAOs, allowing us to see how AI robots can achieve decentralized and automated investment decision-making and interact with human holders of AI tokens to collaboratively improve investment decisions.
This new concept immediately sparked the imagination of the crypto community. Many past community members focused on DAO organizations have begun discussing the new growth space brought by DAOS.FUN in conjunction with AI.
Even VCs can't hide their excitement about this new direction, and many investors have expressed their new expectations for the AI Investment DAO field. Of course, the loudest voices come from the co-founders of AllianceDAO.
Through decentralized governance and public trading strategies, users can gain a more transparent understanding of the AI decision-making process. The interests of token holders are directly linked to the AI DAO, meaning that even if the fund incurs losses, the shares held by investors will not be abandoned. The "trustless" mechanism aligns closely with the original vision of the crypto world—achieving true decentralized trading without the intervention of intermediaries. For most crypto investors, this is an exciting new concept, but how long the creator ai16z can sustain this will be left to time to verify.
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