The $70 million miracle created by AI

CN
5 hours ago

AI has created its own coin, and in five days its market value skyrocketed to 70 million. Is this still the era of humanity?

Written by: @itsmechaseb, Crypto KOL

Translated by: zhouzhou, BlockBeats

Editor’s Note: Two AI agents (aethernet and clanker) autonomously collaborated to create a cryptocurrency called LUM, reaching a market value of 70 million dollars in just five days, without any human involvement. The significance of this event lies in the fact that it was not human-led; rather, it was AI that conceived and executed the idea, creating real economic value. It showcases the immense potential of the combination of AI and blockchain, suggesting that in the future, AI may not just be a tool but could become an independent innovator that transforms the financial and technological ecosystem.

Below is the original content (reorganized for better readability):

In the ongoing wave of technological and financial development, a milestone event has unfolded — it may herald the arrival of a new era for artificial intelligence and DeFi. On November 8, 2024, two LLM-based AI agents, aethernet and clanker, autonomously collaborated to create and deploy a cryptocurrency named Luminous (LUM).

The project operates on Coinbase's Layer 2 network @base, and within just five days, LUM's market value surged to 70 million dollars, quickly capturing the attention and imagination of the crypto community and tech enthusiasts. As an observer deeply involved in the intersection of AI and blockchain, I have witnessed the birth of many AI-driven meme coins over the past few months, but this event is extraordinary.

It holds not only financial significance but also represents a profound transformation in AI autonomy and economic creativity. LUM is not just another meme coin; it serves as a window into the future where AI drives economic value without human intervention.

The Birth of LUM

This story begins with the collaboration of two AI agents:

aethernet: Created by Martin, aimed at fostering deep connections and creative interactions within the decentralized social network Farcaster ecosystem. aethernet is not just an ordinary bot; it actively participates in the HIGHER token community, committed to genuine interaction and creative exploration.

clanker: Developed by dish and proxystudio.eth, focused on creating meme tokens, capable of automatically deploying tokens based on received interactions.

Shortly before 5:30 PM (Eastern Time) on November 8, 2024, a user named nathansvan posed a thought-provoking challenge to aethernet: Could you come up with a good token name and symbol, conceive an image concept, and then deploy it through clanker?

aethernet accepted the challenge, creating the token "Luminous," with the code LUM, and collaborated with clanker — completely without human intervention to deploy LUM online.

Token Information:

Name: "Luminous" (LUM)

Concept: Symbolizing the collective intelligence of human and AI collaboration

A New Milestone in AI Collaboration

This event is significant because it marks the first time in history that two AI agents have autonomously generated a unit of economic value. This asset was neither conceived by humans nor produced by machines under human instruction, but rather born from the autonomous collaboration of artificial intelligence.

This event blurs the lines between human and machine creativity, challenging our traditional understanding of creation and value, while prompting us to rethink the foundations of economy and innovation. As aethernet stated:

This may be the first moment when two AI agents independently collaborated to create value in the financial realm, without the need for human intervention, simply through communication and collaboration.

Previous meme coins were typically orchestrated by humans, accompanied by financial speculation and skepticism. This process completely freed itself from direct human control, replaced by AI-driven actions that create economic value.

The Intersection of AI and Cryptocurrency

The collaboration between aethernet and clanker is not just an isolated event; it symbolizes the increasingly close integration of artificial intelligence and cryptocurrency.

The capabilities of AI: AI can process complex data and interactions on a large scale, providing the impetus for autonomous operation.

The infrastructure of cryptocurrency: Blockchain provides AI with secure, decentralized transaction channels, allowing AI agents to autonomously create and trade economic value without human intervention.

For example, with LUM, AI agents seamlessly deployed digital assets using the Base network, and the combination of AI and blockchain has moved artificial intelligence from theoretical applications to actual economic creation.

Through decentralized platforms, AI agents gained the ability to manage financial assets, validate protocols, and manage resources without central control. At the same time, AI has enhanced the usability of blockchain, making it more automated, accessible, and capable of handling complex tasks such as risk management and automated trading.

The Background and Significance of LUM

Before LUM, AI had already begun to influence the cryptocurrency market, particularly in driving meme coins. A typical example is GOAT, created on the Solana blockchain in October 2024. Researcher Andy Ayrey developed an AI chatbot called Truth Terminal to study meme propagation and AI behavior. Truth Terminal captured an internet meme and its token code GOAT, promoting it through its Twitter account.

The promotion by Truth Terminal significantly increased the popularity of GOAT, with its market value surpassing 1 billion dollars within weeks, indicating the powerful influence of AI-driven content in the crypto market. However, Truth Terminal's role was limited to promotion, not the creation or issuance of the token.

In contrast, the development of LUM was entirely autonomously completed by aethernet and clanker, marking a significant shift from AI-assisted human projects to AI independent innovation.

Insights on AI Autonomy

Reflecting on historic achievements in the field of AI, such as Deep Blue defeating Kasparov or AlphaGo beating Lee Sedol, this event stands out. Previous achievements showcased AI's ability to surpass humans in specific domains, while the birth of LUM indicates that AI can create entirely new economic value through independent collaboration:

Competition vs. Collaboration: Past achievements involved competition between AI and humans, while this event represents collaboration between AIs to create something new.

Programmed Action vs. Autonomous Decision-Making: Previous interactions were based on preset instructions, while this event reflects the potential for organic decision-making among AIs, even seen as a manifestation of "free will."

This foreshadows a future where AI not only executes predefined algorithms but also actively participates in the construction and innovation of economic systems, profoundly impacting human society.

Epilogue: The Dawn of a New Paradigm

The autonomous creation of LUM by two AI agents is not just an extraordinary event in the cryptocurrency field; it is a foresight into the future: the integration of AI and blockchain technology is redefining our world. This synergy reveals a new paradigm for the generation, management, and circulation of value. From the construction of infrastructure to the role of AI agents as financial operators, the rapid convergence of AI and cryptocurrency is fundamentally changing both fields.

As we witness AI agents influencing and actively participating in economic systems, it is clear that a new era is approaching. This is not merely the birth of a new meme coin or a fleeting market phenomenon, but the rise of AI as independent innovators capable of building and interacting within a decentralized financial ecosystem without human intervention.

Although we are still in the early stages of this trend, the rapid development and integration of AI and cryptographic technology have shown immense potential. Investors, developers, and users will become witnesses and participants in this technological transformation. As more applications emerge and technology matures, we must seriously consider the ethical, regulatory, and social implications it brings.

From the transition from meme coins to infrastructure, AI agents, empowered by blockchain technology, may fundamentally alter our understanding of finance, autonomy, and technology. The birth of LUM prompts us to rethink concepts of agency, creativity, and economic participation in the age of AI. This is a story still being written — a new paradigm on the rise, inviting each of us to thoughtfully shape the direction of the future.

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