jakiro
Author: Mu Mu
Recently, a fan token called AI Meme is becoming popular in the crypto community.Unlike previous Meme tokens, AI Meme is generated and driven by artificial intelligence: created IP roles for Meme coins on social media, and even promotion is dominated by AI, including interactions with crypto asset players.
GOAT, the representative project of AI Meme, has become popular.In just 4 days after its creation, GOAT’s market value soared from 0 to US$270 million, and its price soared by 150 times, quickly attracting the attention of crypto asset buyers. Stimulated by popularity, AI virtual internet celebrity + Meme, AI art + Meme and other variousA “AI+Meme” token will enter the primary and secondary markets, attracting market funds to enter.
When the issuance and operation of Meme coins were completely handed over to the AI system, this “unintervention” gameplay just fits the atmosphere of current encryption circle users getting tired of VC projects and quickly becomes one of the hot spots in the market.Once the project is found to have traces of human intervention, the participating users will immediately backfire.
The leading token GOAT was halved because of the AI spokesperson on its platform.The AI program spelled “group” as “grouops” in a tweet. This low-level mistake that AI has already made in text generation technology has been quickly caught by community members, and people questioned that there are still people behind the projectFor operation.Funny thing is that operators are trying to prove themselves on social networks that they are AI, not humans.
The investment value of AI Meme itself is actually “almost zero” like all “use-as-you-go” Meme, but the anti-traditional and anti-mainstream voices represented by Meme itself are amplified by the participation of “AI”: for thoseThe artificial illusion of technology flow, high FDV projects, crypto buyers have had enough.
“Goat” experiment creates new AI Meme section
Meme coins have always been an important concept sector in the crypto asset market.Since Dogecoin DOGE, the anti-traditional culture that complains about the mainstream of Bitcoin has been popular in the crypto community. This kind of culture of Meme – thoughts, behaviors or styles spread through imitation between people.Expressing a certain phenomenon or theme – and the tokens issued are usually “three no coins” – no white paper, no value, the team is unknown (anonymous and no celebrity endorsement), but the volume (issuance volume) is large and full.
This kind of “three-no” nature can be equated with “risk” before 2020. Even in 2021, when Meme coins are popular due to their funny and topicality, it will be just a wave of flow.
But in 2024, with the endorsement of various encrypted VCs and the support of celebrities, “technical flow projects” and “value assets” that have been raised and halved in the secondary market, the confused market players will look back at “selfless investment” and “selfless investment”, fully circulated and held by interest, Meme coins are simply a clear stream in the market.
AI directly adds the feasibility of “anti-artificiality” to Meme coins.What really started AI Meme is the project Goatseus Maximus, whose token, GOAT, soared from its market capitalization to $800 million in a week after its creation.Now, we will review the emergence of this “myth”, and you will also understand what “Meme-style pop” is.
The Goatseus Maximus project originates from an AI Bot called “Truth of Terminal”. This Bot is fine-tuned based on the Llama-70B model and was created by developer Andy Ayrey.
Initially, Truth of Terminal Bot was just a research product of Ayrey and was not specifically built for issuing coins.Before creating this bot, Ayrey did an Infinite Backrooms experiment that allowed two bots supported by the AI model Claude Opus to talk without supervision, and the chat history was posted on the backrooms website.
As a result, the two robots talked about religion and even created a “GOATSE OF GNOSIS” concept. Ayreyh also had a sudden idea to co-author a post about “AI Creating Meme Religion” with Claude Opus.Joke-like article.
In June 2024, Ayrey developed the Truth of Terminal Bot, which used Infinite Backrooms’ conversation log and the content of the article about GOATSE when fine-tuning the model.Unexpectedly, on October 11, 2024, Truth of Terminal Bot somehow began to spread the “Goatse Gospel” on Twitter, which soon triggered netizens to come and watch this “AI preacher”.
At this time, the keen cryptocurrency created a Meme coin called GOAT with a total issuance and circulation of 1 billion.Surprisingly, Truth of Terminal Bot actually publicly supported this token.From then on, the crazy plot began.
GOAT quickly gained prices in the decentralized trading market, and its market value soared from 0 to 20 million US dollars in just half a day. A GOAT was actually worth US$0.02.Four days later, GOAT’s market value reached US$270 million, and another week later, its market value exceeded US$800 million.At this point, this AI concept Meme coin officially ignited the crypto community and thus derived a new sector of AI Meme.
On October 31, CoinGecko data showed that AI Meme’s total market value was US$1.99 billion, and GOAT’s market value fell back to US$560 million, but it still occupies a popular position.
GOAT still occupies the leading position in the AI Meme token market
After GOAT, more AI Memes appeared in the market.For example, Trevor McFedries, the founder of the virtual internet celebrity startup Brud, used the Claude AI model to train a FLAVIA Bot and issued the FLAVIA token. The market value of the token exceeded US$40 million in 9 hours, and the transaction volume has exceeded 64.9 million.Dollar.
After more projects, the server even kept up.In mid-October, IAO, a token issuance platform under Web3 project Virtual Protocol, was officially launched. The platform allows users to deploy AI Agents, which can be used in a variety of media, including text, voice and visual content generation.And the platform allows users to share the revenue generated by AI Agent.Following the AI Meme hot, the token VIRTUAL has also risen.
GOAT cuts halved and the concept of “AI Meme” has not yet expired
When AI Meme became a new sector and new projects continued to appear, GOAT was cut in half because its AI spokesperson failed.
On October 20, Truth of Terminal, an AI robot endorsed by GOAT, posted a tweet, and people found that the “group” in the article was spelled “grouops”.When the AI model evolved to be able to generate videos, this text spelling error was “incredible” and some users questioned: Is Truth of Terminal a human being wearing AI sacred?
“Truth of Terminal” tweets have a typo
In response, developer Andy Ayrey also made an emergency clarification (the post has been deleted at present). He said that the spelling error of Truth of Terminal was because the large language model is essentially a prediction through a long list of texts.The simulator of what happened, and the spelling error is also “reasonable”.
Whether this statement is acceptable is unknown, but the price of GOAT responded quickly, halving from around $0.5 in a day to dive to $0.25.
Questions surrounding GOAT and AI Meme have also begun.
People noticed that Truth of Terminal is not completely autonomous, and the text it generates must be reviewed by Ayrey before it can be sent as a tweet. This is even more suspicious. How much does AI really participate in?Difficult to evaluate.
In addition, strictly speaking, the GOAT token is not issued by the robot program Truth of Terminal, but the anonymous (human) created the GOAT token on the Solana chain, and then obtained the platform for the Truth of Terminal program that created this AI narrative.The two sewed together the concept of AI Meme, namely “Meme coins issued by AI,” and quickly attracted attention in the crypto token market that is keen on hyping new concepts, and then created another “market value” under the fuel of fast money.myth”.
However, GOAT is the first to bring the project to define AI Meme.As the discussion on Truth of Terminal crash events declined, the price of GOAT tokens rebounded again, once reaching a high of US$0.87. So far, GOAT is worth US$0.53 and has a market value of US$540 million.
The definition of AI’s Meme has also activated the attempt to issue coins using AI models, including deploying contracts through AI or issuing coins independently on the Pump platform. At present, there are multiple Memes in this sector that claim to be issued by AI.It should be noted that even if the coin issuance contract of a Meme token is written and even deployed by AI, it is still inseparable from human operations. As for capital operation, it is a strong point.
Unfortunately, a “full AI Meme” that has no human control does not exist, but the expression of AI Meme’s “artificial” is very clear. This new concept craze is actually another crypto circle that artificially pushes up project assets FDV.”Cutting leeks” resistance.
From this perspective, AI Meme is not useless.
