ai16z market cap surpasses $1b as whales accumulate, new plugin integration boosts utility

Strong whale investment and Eliza add-on fuel ai16z’s rise to $1 billion market cap.

ai16z, the AI-focused venture capital DAO token operating on the Solana blockchain, has reached a significant milestone by achieving a market valuation of $1 billion.

Currently valued at $1.04 billion, the $AI6Z token has recorded a 24-hour gain of 46.93% at the time of writing, hitting a new all-time high. This increase highlights the expanding influence of ai16z, a cutting-edge startup that blends decentralized finance with artificial intelligence.

Marc Andreessen is responsible for a decentralized autonomous organization that oversees all aspects of ai16z. Unlike traditional funds such as Andreessen Horowitz (a16z), ai16z is entirely managed by a DAO and investment decisions are made based on the recommendations of its members.

Rather than simply imitating Marc Andreessen’s investment expertise, ai16z aims to develop an AI system that can surpass him in areas where he excels, creating a more efficient and autonomous approach to venture capital. This collaborative and innovative model sets ai16z apart from traditional venture capital firms and pushes the boundaries of what an AI-focused fund can achieve.

Earlier today, a whale mined 13,000 Solana (SOL) tokens worth $2.58 million from Coinbase, purchasing $2.86 million in AI16Z governance tokens at an average price of $0.90 per token. Such governance tokens provide protocol participants with the ability to vote, giving them a say in strategic choices.

Following the purchase, the tokens were moved to the whale’s primary wallet, which now holds $15.6 million of AI6Z, worth $14.93 million. $ZEREBRO ($4.82 million) and $GRIFFIAN ($2.63 million) are also part of the wallet’s larger portfolio, which totals $22.39 million.

6 hours ago one whale pulled back 13,000 whales $LEFT Worth $2.58 million #coinbase and purchased $2.86 million of AI16Z at an average price of $0.90.

Following the purchase, the whale transferred $AI16Z to the main wallet, which now holds $15.6 million of AI16Z worth $14.93 million.

The main wallet containing the portfolio… pic.twitter.com/ziNzwehMZQ

— Onchain Lens (@OnchainLens) December 25, 2024

Another important development was the inclusion of the Summary plugin into the Eliza framework of ai16z, a decentralized artificial intelligence platform. The Abstract plugin allows users to perform simple ETH and ERC20 token transfers on the Abstract testnet, a testbed for blockchain transactions, using Eliza brokers.

By automating these token transfers through specific commands in configuration files, users can streamline blockchain interactions and increase their efficiency. This integration not only increases Eliza’s functionality, but also plays a key role in expanding the capabilities of the ai16z ecosystem, making it more versatile and user-friendly.

Ok, @SoyutZincir The plugin is now officially merged @ai16zdaoEliza!

You can now ask eliza representatives to make simple ETH or ERC20 token transfers on the Abstract testnet.

To use this plugin, simply add “elizaos/plugin-abstract” to your character file.

More features coming soon! pic.twitter.com/NoCB1fOimW

— cygaar (@0xCygaar) December 25, 2024

Eliza is an AI-powered platform that uses the ai16z utility token and decentralized governance to enable seamless communication between blockchain networks. This dual-purpose token confirms its position as a flexible asset in DeFi by facilitating governance participation and offering utility within the ecosystem.

Strong whale backlog, innovative governance frameworks, and growing technological capabilities are all working together to make ai16z a dominant player in the cryptocurrency market. In addition to changing DeFi, ai16z is raising the bar on what blockchain-based ecosystems can do with the creative use of artificial intelligence and decentralized venture capital.