Coinbase, ai16z Exec Drive Crypto-AI Innovation with Aiccelerate
Members from top open source AI teams at Coinbase, ai16z, and Google Launched a decentralized autonomous organization (DAO) is called acceleration. According to the January 9 announcement, Aiccelerate aims to promote the development of decentralized, open-source artificial intelligence technology and support high-potential projects in various ecosystems.
With this development, Aiccelerate emerges as a new player catering to user needs at the intersection of cryptocurrency and artificial intelligence (AI).
Coinbase and ai16z drive AI agent innovation
Aiccelerate positions itself to invest in and develop DAOs, working to accelerate innovation in so-called “agent artificial intelligence.” This term refers to artificial intelligence agent——Software that can interact with the environment.
It collects data and performs tasks to achieve specific goals. DAO’s collaboration framework is designed to bring leading developers together. They will create a series of agents and tools to advance this vision.
“We believe crypto-AI is at an inflection point. Our mission is to accelerate the development of decentralized, open-source AI and support high-potential projects in every ecosystem.” read.
To simplify its plans, Aiccelerate will unify its operations under a single native token, AICC. The token will serve multiple purposes, including incentivizing participation and facilitating governance. Additionally, the DAO plans to allocate part of its profits to buy back AICC tokens.
Notably, Aiccelerate has an impressive roster of advisors in development, investment, research and promotion. Development advisors include ElizaOS founder Shaw, who provides support for ai16z, and core contributors from EtherMage. virtual protocol.
On the investment side, The DAO hired Andrew Kang and Marc Weinstein from Mechanism Capital, Justin Lee from Coinbase Ventures, and Anil Lulla from Delphi Digital. Nader Dabit, Director of Developer Relations Feature layerand Story Protocol co-founder Jason Zhao also contributed their expertise.
Addressing venture capital inefficiencies through utility research agency
The DAO’s model is designed to overcome the inefficiencies faced by traditional venture capital (VC) firms. These VCs often struggle to keep pace with market developments and fair launch models, e.g. Pump music and Daos.fun.
By leveraging its extensive network and collective expertise, Aiccelerate plans to provide funding and networking opportunities for emerging projects. It also aims to deploy a suite of artificial intelligence agents to enhance decision-making processes in the cryptocurrency and artificial intelligence fields.
Aiccelerate’s statement added: “We plan to take the hard work off of the best teams by providing funding and network access while building alongside the best teams.”
DAO partners will benefit from potential future airdrop and receive exclusive investment opportunities. Aiccelerate’s first project will be a utility research agency.
The agent is designed to assist the DAO and the broader cryptocurrency market in making more informed decisions. This is because it blends human expertise with agent AI capabilities. The organization hopes the tool will solidify its position as a hub for the next generation of builders and investors.
Elsewhere, the launch of Aiccelerate has caused a stir in the cryptocurrency and artificial intelligence communities. Angel investor Tiger Aspect shared their excitement on social media.
“I’ve read everything there is to know about the project and I’m completely fascinated,” the investor expressive.
This comment reflects a broader view that Aiccelerate’s novel approach can redefine the playing field and meet the needs of users at the convergence of two transformative technologies: cryptocurrency and artificial intelligence.
At the same time, Aiccelerate’s strategy of blending investment and development with human and AI elements positions it uniquely in the cryptocurrency and AI space. With its ambitious vision and strong network, Aiccelerate can play a key role in shaping the future of decentralized open source AI innovation.
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