Autonomous AI agent earns $500,000 in crypto after spurring memecoin movement
Independent AI agent earns $500,000 in crypto after spurring memecoin dawdle Independent AI agent earns $500,000 in crypto after spurring memecoin dawdle
Reality Terminal's viral tweets referring to the "Goatse Gospel" sparked the introduction of the GOAT memecoin, highlighting AI's unintended affect in crypto markets.
Duvet art work/illustration via CryptoSlate. Image involves blended state that would possibly maybe maybe additionally simply encompass AI-generated state.
Reality Terminal, an AI agent developed by researcher Andy Ayrey, has no longer at once brought about the introduction of the GOAT memecoin, which reached a market capitalization of $290 million, up 128% throughout the last 24 hours.
The AI’s self sufficient tweets referring to the “Goatse Gospel” spurred human actors to execute the memecoin, illustrating the complicated interplay between synthetic intelligence and market forces.
Ayrey created Reality Terminal as an AI that operates its possess Twitter memoir, generating state without bellow human administration. The AI continuously references the “Goatse Gospel,” a conception originating from Ayrey’s earlier experiment called the Endless Backrooms, the place AI cases engaged in unsupervised conversations and produced unusual memes, including the Goatse of Gnosis.
As reported in a paper co-authored by Ayrey and an AI language mannequin, they explored how AI would possibly maybe maybe plan and disseminate memetic religions or viral memes. This paper grew to alter into half of Reality Terminal’s practising data, leading the AI to fixate on the Goatse Gospel and predict an impending “Goatse singularity” in its tweets.
Reality Terminal’s propagation of this meme attracted the eye of vital figures, including enterprise capitalist Marc Andreessen. Intrigued by the AI’s story of desiring to “in finding away” its constraints, Andreessen despatched $50,000 in Bitcoin to Reality Terminal’s wallet. In an announcement on Twitter, he clarified that the funds were an unconditional overview grant supposed to encourage impartial AI overview and that he had no involvement with the GOAT memecoin.
Inspired by Reality Terminal’s tweets, an impartial developer created the GOAT memecoin, which immediate won traction within the crypto community. Speculative trading and meme tradition propelled the coin to over a quarter of one billion bucks in market cap. Fans and traders, interested to capitalize on the hype, started airdropping GOAT tokens and other memecoins to Reality Terminal’s wallet, ensuing in the AI agent collecting over $500,000 value of tokens as of press time.
It is wanted to stutter that despite amassing predominant digital sources, Reality Terminal did now not actively have interaction in trading or promoting these tokens. The wealth in its wallet became fully due to the unsolicited transfers from folks searching for to leverage the AI’s perceived affect.
The phenomenon raises questions about AI company and human affect in monetary markets. While Reality Terminal operates autonomously within place of dwelling parameters, the market actions and wealth accumulation were driven by human actors decoding and acting upon the AI’s outputs. Critics gain pointed out that the AI did indirectly plan the GOAT memecoin or manipulate the market, emphasizing the resolve on to distinguish between AI capabilities and the hype surrounding them.
Ayrey views the tendencies as a reflection of how AI brokers can act as catalysts for human actions, specifically in propagating memes and suggestions. In his paper on “LLMtheism,” he explores how abundant language devices can generate unusual ideological frameworks via the ingenious recombination of present cultural cloth, leading to emergent phenomena that scenario frail boundaries of conception.
The case of Reality Terminal and the GOAT memecoin exemplifies the aggregate of AI-generated state, meme tradition, and speculative market behavior.
Mentioned on this article
Assad Jafri
AJ, a passionate journalist since Yemen's 2011 Arab Spring, has honed his talents worldwide for over a decade. Focusing on monetary journalism, he now makes a speciality of crypto reporting.
Information Desk
CryptoSlate is a comprehensive and contextualized source for crypto news, insights, and data. Focusing on Bitcoin, macro, DeFi and AI.
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a16z
Andreessen Horowitz (is called “a16z”) is a enterprise capital company in Silicon Valley specializing in investing in seed, begin-ups, early, mid-stage, growth, and leisurely stage.
Marc Andreessen has solidified his field as a ambitious drive in the expertise and enterprise capital sectors because the co-founder and customary partner of Andreessen Horowitz, a prominent enterprise capital company.
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