An under-the-radar venture targeted on synthetic intelligence (AI) is defying the crypto market downturn as tokenomic improve plans start to take form.
The utility token for the AI agent venture ai16z (AI16Z) is buying and selling for $1.52 at time of writing, up 23.7% prior to now 24 hours.
With a market cap of $1.65 billion, the Solana (SOL)-based altcoin is the 79th-largest crypto venture.
In the meantime, Bitcoin (BTC) is down almost 2% on the day, buying and selling for $91,998 at time of writing. The whole crypto market cap is valued at $3.36 trillion at time of writing, down 3.4% within the final 24 hours.
The market energy of ai16z comes because the venture is proposing a brand new tokenomic plan that goals to extend the utility token’s worth by higher leveraging the advantages of the ecosystem’s AI agent often known as Eliza.
“The primary problem is that whereas the Eliza agent framework is prospering when it comes to adoption and technical innovation, the ai16z token presently lacks robust mechanisms to accrue worth, resulting in misaligned incentives. The companions acknowledge this wants to alter to maintain ai16z’s momentum…
General, there’s robust consensus that main tokenomic upgrades are urgently wanted to higher seize the worth that Eliza is creating. An official launchpad is the main proposal, however with wholesome debate on the small print and trade-offs.”
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Featured Picture: Shutterstock/jiang jie feng/Andy Chipus
