The AI16Z token saw a dramatic 50% price increase today after Eddy Lazzarin, chief technology officer at a16z, engaged with one of the DAO's founders on the X platform on Nov. 18.
The AI16Z token saw a dramatic 50% price increase today after Eddy Lazzarin, chief technology officer at a16z, engaged with one of the DAO's founders on the X platform on Nov. 18. This interaction sparked renewed interest in the project, pushing the token's market cap to over $480 million.
AI16Z, launched in October, is a decentralized autonomous organization (DAO) controlled by an artificial intelligence agent named Eliza. Although it shares a name with the prominent venture firm a16z, the two entities are not directly connected. The surge in the token's value came after founder Shaw posted a request for a contact at a16z, prompting Lazzarin's response: “Check your DMs.” This hint of collaboration between a16z and AI16Z caught the crypto community’s attention.
In a remarkable 24-hour surge, the price of AI16Z skyrocketed by 55%, reflecting growing interest in the AI-powered DAO. AI16Z aims to revolutionize blockchain investments by using artificial intelligence to guide decisions and support projects.
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