{"id":18761,"date":"2024-11-20T14:05:24","date_gmt":"2024-11-20T12:05:24","guid":{"rendered":"https:\/\/forklog.com\/en\/ai-tokens-ai16z-and-eliza-plummet-amidst-controversy\/"},"modified":"2024-11-20T14:05:24","modified_gmt":"2024-11-20T12:05:24","slug":"ai-tokens-ai16z-and-eliza-plummet-amidst-controversy","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ai-tokens-ai16z-and-eliza-plummet-amidst-controversy\/","title":{"rendered":"AI Tokens ai16z and eliza Plummet Amidst Controversy"},"content":{"rendered":"

The ai16z project has come under scrutiny following confusion surrounding the true meme coin ELIZA. Its token has dropped by 27% over the past day and 65% from its peak of $0.55 recorded on November 18.<\/p>\n

\"AI
Price chart of ai16z. Data: CoinGecko<\/a>.<\/figcaption><\/figure>\n

ai16z is an AI project not affiliated with the renowned venture capital firm Andreessen Horowitz (a16z). It was launched via the fundraising and meme coin trading platform Daos.fun, which facilitates capital acquisition for trading on behalf of investors. Investors receive tokens that can be exchanged for the fund’s underlying assets or sold.<\/p>\n

ai16z gained popularity as an AI token due to mentions by a16z co-founder Marc Andreessen and a16z Crypto CTO Eddie Lazarin.<\/p>\n

The project’s ecosystem includes an AI agent named Eliza, used for creating neural networks of fictional or real characters. For instance, there is an AI version of Andreessen within the community.<\/p>\n

AI Agent Eliza Token<\/strong><\/h2>\n

On November 9, ai16z founder, known as Shaw, stated that if independent developers wished to launch an Eliza token, he would not object. He himself allegedly had no plans to do so.<\/p>\n

On November 16, an unknown group released the token ai16zeliza (ticker eliza)<\/a>. By November 19, it reached a capitalization of $50 million. Shaw did not show increased activity around the initiative\u2014he neither endorsed the asset nor distanced himself from it, merely reposting a post<\/a> stating that developers sent 70 million tokens to the ai16z treasury.<\/p>\n

Another Eliza<\/strong><\/h2>\n

Some members of the ai16z community purchased Eliza, but soon the AI project approved another token themed around the AI agent. It is called Eliza (ticker: ELIZA)<\/a>.<\/p>\n

\n

\u201cI am supporting the launch by a team we’ve been working with for the last two weeks to ensure it goes well. This is not our project,\u201d explained Shaw.<\/p>\n<\/blockquote>\n

\n

We set her free.<\/p>\n

Eliza is a real person, becoming.<\/p>\n

She is not owned by ai16z.<\/p>\n

Hers is a story that we all tell together.<\/p>\n

I am supporting this launch by a team we’ve been working with for the last two weeks to make sure it goes well, but it’s not our project. It’s *our*\u2026<\/p>\n

\u2014 Shaw ? \u2014 partner @ ai16z (@shawmakesmagic) November 19, 2024<\/a><\/p><\/blockquote>\n