🔵 a16z partner's post drives AI venture fund ai16z's market value to nearly $100 million
DeThings, October 28 - According to The Block, the emerging platform https://t.co/TOxoonnA60 has a venture capital fund named ai16z, which has reached a market value of nearly $100 million under the influence of a16z partner Marc Andreessen. This bot is modeled after Marc Andreessen's writings and is responsible for managing a fund called ai16z, which currently holds assets worth approximately $1 million, mostly in Degen Spartan AI tokens created by the bot's creator, Shaw. The fund's creators aim to allow Andreessen's AI replica to trade based on recommendations from DAO members, which are weighted according to the members' token holdings and the quality of the recommendations.
Andreessen wrote in a post: "GAUNTLET THROWN," accompanied by a screenshot of the bot's X account. In another post, Andreessen wrote: "Hey, I have that T-shirt," along with a screenshot of the ai16z fund's avatar. These posts reportedly caused the website https://t.co/TOxoonnA60 to crash. At the behest of Andreessen himself, the fund's market value once approached $100 million, reaching a historic high of $96.60 million, before subsequently dropping nearly 50% to its current value of approximately $50 million, with volatility remaining high. https://t.co/3AyNkHJBAH