PANews reported on October 28 that according to The Block, an AI venture capital fund called ai16z on the emerging platform Daos.fun has reached a market value of nearly $100 million, driven by Marc Andreessen, the a16z partner it emulated. The robot is modeled after Marc Andreessen's work and is responsible for managing a fund called ai16z, which currently holds assets worth about $1 million, most of which are Degen Spartan AI tokens from Shaw, the creator of the robot. The creators of the a16z fund 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 their recommendations.
“GAUNTLET THROWN,” Andreessen wrote in one post, along with a screenshot of the RobotX account. “Hey I got that t-shirt,” Andreessen wrote in another post, along with a screenshot of the ai16z fund’s avatar. The posts allegedly caused the Daos.fun website to crash. With Andreessen’s own call, the fund’s market value approached $100 million, hitting an all-time high of $96.6 million, before falling back nearly 50% to its current value of about $50 million, with volatility still high.
