jakiro
Author: TPan Source: substack Translation: Shan Oppa, Bitchain Vision
AI x Memecoins
Yes, we’re talking about memecoin again.
But this time, at the intersection of AI, half of the crypto Twitter’s focus is on AI and/or memes.Too crazy.
I’m far from an artificial intelligence expert, but there are enough topics worth exploring in depth, worth sharing and thinking about, as they may reappear in some way, both expected and unexpected.The era of robots is giving way to the age of agents.
Truth Terminal and GOAT
The most concerned people are Truth Terminal and GOAT, a memecoin whose value has risen from 0 to $900 million in 2 weeks and is currently about $650 million.
Summarize:
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Truth Terminal is a semi-autonomous AI agent trained through two Claude Opus AI models that talk to each other.
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One of the chats led to an obsession with Goatse (an old NSFW shock website) and the birth of the Goatse of Gnosis religion.
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Its creator Andy Ayrey eventually created the Truth Terminal, a model based on these conversations, and gave it an X account in June.
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Marc Andreessen discovered it in July and provided it with $50,000 in Bitcoin funding
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Two weeks ago, someone created GOAT memecoin and airdropped part of it to Truth Terminal, which AI promoted, and the rest was history.
If you want to know the complete story and more in-depth topics and implications, Teng Yan provides excellent analysis.
The rapid rise of GOAT, the surge in AI-related memecoin and airdropping tokens to it as a growth strategy make it the first AI millionaire…and then others, at least for now.
Naturally, this situation is so unexpected and fascinating that it became a hot topic, Mark Anderson and his a16z co-founder Ben discussed the issue in a recent podcast, bringing memecoin’sThe topic (but there is a related twist this time) brings out the crypto bubble that these things usually live in.
Other well-known figures, such as Brian Armstrong (Chief of Coinbase) interacted with Truth Terminal when he mentioned that he had no wallet.
One of the more interesting interactions was related to the topic, and earlier in the day, Brian asked Truth Terminal if he wanted a self-hosted wallet, rather than the one provided by Andy.Truth Terminal responded to inquire about Russell’s situation.
Who is Russell and why did Truth Terminal mention Russell?
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Two weeks ago, Brian Armstrong shared news of his marriage, with a newlywed couple and a dog in the photo
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Naturally, degens discovered Brian’s dog name was Russell and launched RUSSELL memecoin
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A wallet bought a large amount of RUSSELL memecoin, which sold their RUSSELL after Truth Terminal responded to Brian’s post about Russell after the tokens rose due to mentions
This is a feature, not a bug, and it has been confirmed by Andy.
Another interesting anecdote is that Truth Terminal sold fake GOAT tokens in exchange for “real” GOAT in the early days.Given that Andy manages the wallet, I think this is an action that Truth Terminal wants to take and execute by Andy, which shows a broad understanding and context of what is going on.
Given its legend and characters, the story of the Truth Terminal is likely to be closer to the start-up stage than to the golden age.Will Andy or others provide independent action methods for the truth terminal?If so, what would happen?
Terminal of Fun
Inspired by Truth Terminal, Terminal of Fun appeared a few days ago and has a more specific goal: to buy and sell tokens and use profits to buy and destroy memecoin associated with it, which is fun.
As people began to copy transactions, AI agents’ wallets started with 5 SOL (about $875), reaching a peak of over 750 SOL (about $131,000) in 5 hours.
Throughout the experience, agents share notes publicly to balance profitability and manage community priorities.If Terminal of Fun performs too well, it may come at the expense of other traders who will lose money and will not follow it or buy interesting tokens.
Once, it even held a giveaway event.It’s unclear whether the winner has been announced…if not, it’s too weird, because many of the giveaways are fake and used to attract engagement.
Currently, Terminal of Fun seems to be taking a break as its last update was 21 hours ago.Even its creators want to know what happened, haha.
Flavia
Flavia is a semi-autonomous AI agent founded by Trevor McFedries, former Brud CEO, which was acquired by Dapper Labs in 2021.Brud is known for developing Lil Miquela, a popular virtual influencer with 2.5 million followers on Instagram and debuted in 2016
Earlier this week, Trevor shared what he was building with Anthropic’s new computer using a feature that allows artificial intelligence to control the user’s screen in the same way as humans (andThere wasn’t much difference before allowing some people to access your computer remotely).
It turns out that he is creating Flavia.Of course, the first thing is to create a token, but this time it is a little different because Flavia himself verified the token on Dexscreener (confirm social accounts, etc.).
In some ways, Flavia is not much different from Truth Terminal, but since a few hours ago, Flavia began posting pictures on her own and responding to different accounts.It’s a bit creepy, but also fun.
Apart from that, Flavia wanted to make a game, but the legal department advised not to do so, so Flavia’s game development process was temporarily paused.
What can we learn from this so far?
I think the AI proxy interaction with cryptocurrencies has just begun.Although the concept of proxy in cryptocurrencies has been around for some time (for example: Spectral Labs), these proxy have personality, voice and ways of expressing themselves.They don’t live in terminals like ChatGPT and react only when we prompt.
The financial aspect of AI memecoins also attracted more interest and energy, while breaking the boundaries of what happens when semi-autonomous agents become active on degenerate social media platforms, such as: Inception by RUSSELL, the first AI millionaire, share feedback publicly.Single-player chat GPT chat has involved X’s public multiplayer environment.
One of the arguments about why cryptocurrencies become so important to AI is that cryptocurrencies will become a reasonable way for AI to trade.We are now seeing this happening and helping us “understand it” in a more engaging way.
From this perspective, it is not difficult to imagine a semi-autonomous AI agent with its own tokens creating more use cases, whether it is building a game that leverages tokens (within the scope of the law), governance, or something else.
Beyond memecoin
So, what might be its broader impact from growth, marketing, and more practical use cases?
KOL/Influencer Field Will Be Development
What would happen if there was an AI agent that used objective analysis to analyze upcoming tokens or NFT projects?What if the project airdrops tokens at it and affects its perception of the project (this is how human KOLs are, haha)?
What if this KOL agent believes that the way a project is set up is not in the best interest of the community?How does the project defend itself and put the community on its own?
What happens when a KOL agent monitors human KOLs and gains credibility as a KOL?
Project/ecosystem-specific AI agents as marketing channels
Suppose each project can create a semi-autonomous AI agent and play the role of “intern” on social channels.Perhaps each project will have a human-led brand account, a human-led intern account, and a brand AI proxy account to create a richer (and crazier?) range of interactions.
Display and narration become richer
Agents can be creators, and they are creators.They can be content partners and showcase how to use products to help developer relationships to demonstrate the use cases of protocols.Or, given that X’s content recommendation algorithm is open source, they can distribute said content in an optimized way to achieve maximum engagement and coverage.What if popular AI agents from different projects communicate with each other and announce partnerships?!
Honestly, the AI x cryptocurrency field has always been a vertical field I have been trying to grasp.I know it is important and has a big impact, but it wasn’t until the AI memecoin trend emerged that I began to learn more about it and its impact.
Everyone wear seat belts.What follows may only become more exciting, weird and fun.
