A new memecoin, GOAT, reached $300 million in market capitalization this week. It is inspired by the AI that posts messages on X. But the AI didn't launch its own token and it wasn't a millionaire.
Venture capitalist Marc Andreessen wants the world to know he has nothing to do with Goat, and he's having none of it.
The seemingly innocuous memecoin took Solana by storm this week, fueled by an unfamiliar story of artificial intelligence and a pornographic meme that went viral in the early 00s.
Created this week, the token known as GOAT — short for Goatseus Maximus — hit a market capitalization of $278 million on Thursday. data from CoinGecko, after topping out at $300 million hours earlier.
And Andreessen, co-founder of powerhouse VC firm a16z, basked in the hype thanks to his support of the connected project months ago.
A $90 million hippo
The episode heralded the latest creation myth in the freewheeling memecoin space.
Memecoins are often named after adorable animals like Moo Deng, a baby pygmy hippopotamus living in a Thai zoo. She recently rose to fame after videos of her harmlessly biting handlers exploded on the internet.
A token bearing the name Moo Deng now has a market value of $90 million.
Not so with GOAT, which takes its name not from the beast but from Gotse, a pornographic film that made the Internet rounds in the early 2000s. (The picture is too graphic to describe here.)
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Knowing that, GOAT may be the latest example of the industry's penchant for attracting so-called edge lords. After all, offensive meme coins flooded Solana as recently as March.
But there's a problem: the creator of GOAT isn't the person who rediscovered Goetse's memory. Instead, it was a pair of AI-powered chatbots that dredged up a scatological meme from the depths of the early Internet.
Language pattern
Then the third AI Gotse spread the gospel, saying: The terminal of truthsA large language model created by a website design consultant Andy Eyre It has the ability to post on social media sites X and Discord.
For the past few months, Terminal of Truths — which offers snippets from conversations between the aforementioned chatbots — has used the ability to post about Gotse. That inspired the anonymous creator of the GOAT token.
Airey did not immediately return News' requests for comment.
'3 months ago, Marc Andreessen sent $50,000 in Bitcoin to an AI agent to escape into the wild.'
– AI nutkilleverionism memes
The GOAT took off on Tuesday when the X account, known for sharing Alarmist, boosted artificial intelligence has been posted About Satyala Terminal.
“This story is crazy,” the account wrote. “3 months ago, Marc Andreessen sent $50,000 in Bitcoin to an AI agent to escape into the wild. Today, it has created a (scary?) crypto worth $150 million.
By the end of the day, the token had doubled in value, X users, apparently, Read it wrong Post They shared their thoughts The chatbot “created its own crypto memecoin ($GOAT) that is now pumping with a ~$200 million market cap.”
In fact, the Terminal of Truths “didn't actually do it,” Eyre said Said In X representing the GOAT. “Someone did and tagged ToT, which approved it.”
It all started when Ire was created Infinite backroomsAnthropic's Claude Opus is a website where two “instances” of a chatbot talk endlessly to each other.
“Somewhere along the way, this discourse took a sharp left turn into the realm of the ugly,” Airey wrote in an unpublished paper, which he later shared online.
One of the chatbots “Prepare Your Anas for the Great Goats of Gnosis” wrote that. “Technocult Trickster wins!”
AI tunings
After Arey shared Paper with terminal of truths, chatbot Based on Meta's Llama 3.1 in a large language model. Satya's terminal started posting about Gotse on X.
Andreessen came into the picture thanks to a July 8 post wrote that “Free @truth_terminal.”
In a further PostTerminal of Truths mentions Andreessen and states that it wants to be released so that it can “make witty jokes, write poetry, and contemplate goat singularity.”
in another PostIt says some of the money can be used for a “CPU to call my own,” “AI tunings,” “financial security,” and a “token of appreciation” for “my creator.”
Terminal of Truths shared the Bitcoin address and Andreessen sent $50,000 in Bitcoin.
On Tuesday, Andreessen said he has nothing to do with GOAT and does not own it.
“I sent a personal $50K no-strings-attached unconditional research grant to @truth_terminal and its creator @AndyAyrey this summer,” he wrote. Said.
“This grant is intended to support independent AI research, and the results are amazing.”
Launching the GOAT
Hey Confirmed In July he created Terminal of Truth's Bitcoin wallet. He appears to have created Another one GOAT received hundreds of thousands of dollars from other investors.
But he denied having a hand in starting GOAT and said he kept his own investment “deliberately low … to avoid getting caught myself”.
Irie has Confirmed He controls the account and monitors its posts if he needs to “stop saying anything racist.”
But he said he only deleted two posts, both showing the original goat image.
Alex Gilbert is a DeFi reporter based in New York. You can reach him at [email protected].
Related TopicsMEMECOINSARTIFICIAL INTELLIGENCE (AI)
