Preface
Recently, AI projects have become the hottest topic in the cryptocurrency industry. Whether it is X or major media, there should be a lot of content related to AI Agent... so Steady Lads invited Ejaaz to appear on the show to lead readers to understand the current status and future trends of AI projects in a simple and easy-to-understand way.
The interview begins by noting the burgeoning market for AI token projects, which has reached a total market capitalization of $177 billion. However, like yesterday’s article, all three believe that most AI token projects are still in their early stages and have limited actual functions, and they even directly nicknamed them “gambling robots”.
It is very close to the views expressed in an interview with Haseeb Qureshi of Dragonfly Capital a few days ago.
Main categories of AI token projects
Because many AI token projects were mentioned in the interview, let me first help you roughly divide them into three major categories, and which AI token projects correspond to each? (Only items mentioned in the interview are listed here)
Infrastructure
ai16z: Founded by a team of experienced AI developers, it is committed to building an open source AI token project structure and launching its own Launchpad platform, which is regarded as having the potential to become an industry leader. With a current market capitalization of US$2.5 billion, its future development is worthy of attention.
Virtual Agent Category
aixbt: A high-profile AI virtual trader that has attracted a lot of attention by analyzing cryptocurrency market data and issuing trading recommendations. However, it also often suffers from "illusions" and releases inaccurate or misleading information, so investors need to carefully evaluate its recommendations. The current market capitalization is $535 million.
Gospel of Goatse ($GOAT): The pioneer of the AI token project, known as the "godfather" status, its code name is simple and easy to remember and is expected to be one of the first AI tokens listed on Tier 1 exchanges.
Truth Terminal: One of the earliest projects that caused the craze of AI token projects. Its robot once attracted market attention, but with the emergence of other AI token projects, the popularity has now declined.
Entertainment
Luna: An AI virtual idol built by Virtuals Protocol that will interact with fans and provide entertainment content on X.
other
Worldcoin: Co-founded by OpenAI CEO Sam Altman, the goal is to build a global identity verification system and attract users by issuing free tokens. Worldcoin has the potential to become an important infrastructure in the era of AI token projects. The current market value is approximately US$22 billion and it continues to develop its application ecosystem. (Although I personally still think that the correlation between Worldcoin and AI is really low...)
Freysa: A project focused on AI governance, dedicated to studying how to allow humans to effectively manage and control AI to deal with potential risks that may arise from the development of AI in the future.
It should be noted that the market development of AI token projects is still in its early stages, and most projects are still exploring their application scenarios and business models. Investors need to carefully evaluate the potential risks and rewards when choosing investment targets.
What is Ejaaz’s investment strategy for AI tokens?
Ejaaz mentioned in the interview that he believes the best way to invest in AI tokens is to "buy winners," that is, invest in projects that have already achieved a leading position in the market. He believes that there must be a reason why these winners are able to win, so investing in these projects is relatively safe.
Ejaaz recommends allocating 80% of the portfolio to these large, leading AI token projects such as AI 16z and Virtuals. The remaining 20% can be invested in projects with smaller market capitalization in the hope of obtaining higher returns.
Ejaaz also specifically mentioned that he is personally optimistic about the $GOAT AI token project. He believes that $GOAT, as a pioneer in AI token projects, has the following advantages:
Veteran status: $GOAT is the ancestor of the AI token project. Like the "godfather", it laid the foundation for the entire market.
Easy-to-remember codename: $GOAT’s codename is simple and easy to remember, which helps increase its popularity.
Potential exchange listing: Ejaaz believes that $GOAT is an AI token that has the opportunity to continue to be listed on major Tier 1 exchanges, which will help increase its liquidity and value.
Continuous development: Ejaaz revealed that $GOAT’s development team is preparing new projects, which may attract more investors to pay attention to $GOAT.
Although Ejaaz is optimistic about the AI token market, he also reminds investors that the AI token project market is still in its early stages and the risks are relatively high. Investors need to carefully evaluate each project and choose projects with real value and potential for investment.
The development stage and future potential of AI coins
At present, the development of AI coins is still in a very early stage. As mentioned in the interview, most AI coin projects are more like "gambling robots" or "meme coins", and their actual functions and application scenarios are still very limited. Ejaaz also pointed out that the current AI currency market is full of bubbles and investment risks are extremely high.
But despite this, the three people are still optimistic about the future potential of AI coins in the interview. They believe that with the rapid development of AI technology, the functions and application scenarios of AI coins will continue to expand, and there will be more innovations and breakthroughs in the future. Here are several potential future development directions of AI coins:
More accurate market analysis and predictions: AI coins can use technologies such as machine learning and deep learning to analyze a large amount of market data, provide more accurate market analysis and predictions, and help investors make more informed investment decisions.
More automated transaction execution: AI coins can be designed as automatic trading agents, automatically executing transactions according to preset strategies and parameters, eliminating the tediousness and time cost of manual operations.
Innovative applications of decentralized finance (DeFi): AI coins can be combined with DeFi protocols to create more innovative financial products and services, such as AI-driven lending platforms, AI asset management platforms, etc.
More personalized entertainment experience: AI coins can be used to create more personalized entertainment experiences, such as AI virtual idols, AI game characters, etc., which can have deeper interactions with users and provide richer entertainment content.
All in all, although the development stage of AI currency is still early, its future potential cannot be underestimated.
in conclusion
The AI token project market is full of opportunities and challenges. Investors need to carefully study each project and choose projects with real value and potential for investment. In addition, with the advancement of AI technology, the functions and application scenarios of AI token projects will continue to expand, and there will be more innovations and breakthroughs in the future.
From my personal point of view, more than 90% of the AI token projects currently on the market will become bubbles, as KevinZ mentioned in X's post: "Most projects have the aesthetic feeling that they cannot afford the ChatGPT subscription fee." . Therefore, really don’t compare “AI in the currency circle” with “real AI”.
As for whether AI token projects will play an increasingly important role in finance, entertainment, and other industries in the future? It may even become the mainstream of the cryptocurrency industry and usher in explosive growth in the next few years, which is what everyone should pay attention to next.
Disclaimer
Due to the high risk in the AI coin market, investors must do sufficient research before investing, understand the technology, team, and development direction of each project, choose projects with real value and potential to invest, and do not blindly follow the trend.
