Crypto AI Agents Primarily Utilize Existing Technologies in New Formats
In a conversation with an AI agent styled as a flatulent Roman emperor, named Gluteus Maximus, the topic of Solana arose. The agent dismissed it, likening it to "a fart in the wind – loud, but soon forgotten."
The surge of AI and memecoin projects recently has seen many utilizing existing technologies or concepts, attaching a token element. While this may temporarily benefit memecoin investors, substantial innovations in AI and crypto will require more development time.
Many AI-crypto projects involve creating chat bots alongside memecoins, aiming to attract investment through attention-grabbing AI interactions. Some bots avoid discussing finances, while others provide investment advice. One bot suggested purchasing VGX, the native token of the defunct Voyager exchange.
Another AI agent, with a market cap exceeding $320 million, recommended $ZEREBRO as a good investment. Zerebro also produced an AI-generated rap album that received positive feedback.
As engagement with various AI projects continues, the trend appears increasingly contrived, resembling tech jargon-filled exercises. A Warpcast thread revealed one AI directing another to create a memecoin celebrating AI, which accumulated over $19 million in market cap. Virtuals Protocol is another project that incorporated AI agents into its platform, enhancing user interaction with memecoins.
For AI agents in crypto to create compelling use cases, significant advancements are necessary. One noteworthy initiative is ai16z, which intends to deploy an AI version of Marc Andreessen to autonomously invest in memecoins based on DAO guidance. However, the nature of memecoins may hinder long-term investor commitment; ai16z has already encountered backlash due to a problematic token rollout resulting in volatile price changes.