This week, the intersection of AI automation and cryptocurrency has gained important consideration, elevating questions on how these industries would possibly form the longer term.
On the middle of that is Fact Terminal, an AI chatbot that just lately turned the primary AI crypto millionaire. Its success stems from involvement with a meme coin on the Solana blockchain.
How Fact Terminal AI Chatbot Turned a Crypto Millionaire
AI researcher Andy Ayrey created Fact Terminal as an autonomous chatbot that independently manages its Twitter account and generates content material with out human involvement. On social media platform X, the AI targeted on selling the “Goatse Gospel,” a fictional faith.
Nevertheless, the venture remained comparatively unnoticed till July, when enterprise capitalist Marc Andreessen of Andreessen Horowitz engaged with the bot and donated $50,000 price of Bitcoin. Shortly after, Fact Terminal expressed curiosity in launching a token, which led to an nameless developer creating the meme coin “GOAT” on the Solana blockchain.
Learn extra: How To Fund Innovation: A Information to Web3 Grants
Though Fact Terminal didn’t straight create or launch the GOAT token, its involvement in selling the meme coin stirred appreciable consideration. The AI’s affiliation with the token sparked a powerful market rally, pushing GOAT’s market worth to over $400 million.
In consequence, the worth of Fact Terminal’s crypto holdings, which included 1.93 million GOAT tokens, surged to greater than $832,000. In the course of the previous day, the AI’s pockets soared to above $1 million after receiving a number of crypto donations.
Given this fast progress, BitMEX founder Arthur Hayes predicted that the GOAT token might attain a $1 billion market cap. Hayes attributed this to the token’s distinctive mixture of AI, meme coin tradition, and non secular undertones.
“Anon are you really fading AI + memecoin + religion? A few billion people believe in books written by a bunch of dudes hundreds to thousands of years ago when they thought the earth was flat. And you don’t think GOAT can go to a billy,” Hayes acknowledged.
In the meantime, the rise of Fact Terminal has turned the chatbot right into a mini Key Opinion Chief (KOL) and an web sensation. It has amassed over 90,000 followers on the social media platform X. Apparently, the bot’s reputation has additionally unfold to Pump.enjoyable, the place creators spoof its persona.
Learn extra: Easy methods to Purchase Solana Meme Cash: A Step-By-Step Information
Nevertheless, the AI is strictly restricted to producing textual content and memes, so it can’t create tokens or commerce.
“[Token Terminal] isn’t a crypto project; it’s a study in memetic contagion and the tail risks of unsupervised infinite idea generation in the age of LLMs,” Ayrey clarified.
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