An under-the-radar undertaking centered 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 undertaking ai16z (AI16Z) is buying and selling for $1.52 at time of writing, up 23.7% up to now 24 hours.
With a market cap of $1.65 billion, the Solana (SOL)-based altcoin is the 79th-largest crypto undertaking.
In the meantime, Bitcoin (BTC) is down practically 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 power of ai16z comes because the undertaking 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 generally known as Eliza.
“The principle problem is that whereas the Eliza agent framework is prospering when it comes to adoption and technical innovation, the ai16z token at present lacks robust mechanisms to accrue worth, resulting in misaligned incentives. The companions acknowledge this wants to vary to maintain ai16z’s momentum…
General, there’s robust consensus that main tokenomic upgrades are urgently wanted to raised 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
