AI agents are one of cryptocurrency’s top emerging narratives, with the likes of ai16z, Fartcoin, and Virtuals taking the market by storm. This AI-themed market exploded with Goateus Maximus’ rise amid viral reaction to Terminal of Truths posts.
Now, with the token presale hitting $5.8 million in just over three weeks, fresh attention is on new AI agent project iDEGEN.
What is the ai16z’s partnership with Stanford University about and what does it mean for projects like iDEGEN? Are there any other developments enthusiasts and investors can keep an eye on in the coming months?
Stanford University, Softbank, and DWF Labs bullish on AI
On December 16, 2024, ai16z developer Eliza Labs disclosed a major partnership with Stanford University’s Future of Digital Currency Initiative. The news saw the ai16z token’s price rise sharply as traders weighed the bullish news.
Eliza Labs and FDCI are looking at an AI and web3 partnership that will explore the growth of autonomous AI agents and how these are set to transform the crypto ecosystem. The partnership is only part of the growing traction for AI agent projects and the broader AI sector.
Recently, Softbank confirmed a $100 billion investment in AI infrastructure in the US, while crypto market maker DWF Labs unveiled a $20 million fund for AI agent projects.
Meanwhile, the intellectual property blockchain network Story Protocol has announced an experimental “agent-to-agent” framework. The project wants to allow AI agents to exchange data and investment strategies among others.
The Story Protocol team noted:
“Our goal is to foster an open community of collaborators working together to shape the future of agent-to-agent IP economies, encouraging shared learning, interoperability, and continual improvement of this emerging standard.”
The collaboration with projects such as Eliza, Zerebo, and Virtuals Protocol is one step towards bolstering the AI agent space. iDEGEN could be one of the biggest projects to emerge in this era.
iDEGEN roars to $5.8 million raise
iDEGEN’s pre-market auction is an indicator that AI agents are on a roll. In just three weeks, the sale of the native IDGN has raced to an impressive $5.7 million. It’s a scenario that comes as AI meme coins show a resurgence.
iDEGEN is what the decentralized crypto ecosystem is about. With no guardrails for its training, the project has the degen community for its learning model. The AI agent started as a blank slate, processing everything it came across on Crypto Twitter (now X).
The posts it churns every hour without fail can be chaotic, sound crazy, or be the next viral tweet by an AI agent. With the market largely an attention economy, iDEGEN’s significant presale performance points to its potential to carve a major part of the mindshare for itself.
Investors flocking to iDEGEN to position for the AI agent supercycle are reveling in the dynamic pricing approach. Early adopters are looking at over 62,879% upside with price at $0.0526 after it surged from a paltry $0.00011.
IDGN will go live in January, with the listing price 10% higher than the auction close.
To learn more about this AI agent project, visit the official website.
The post AI agents latest: iDEGEN’s $5.8m raise and ai16z’s Stanford deal appeared first on Invezz
