News from Coin World:
Author: Revc
Introduction
AI+MEME narrative leader GOAT has recently surged to $0.85, driven by the continuous FOMO sentiment in the community. Is GOAT a new asset type driven by technology and culture, or just a short-term imagination? Investors should be cautious of the risk of a sudden bubble burst in the market, which has been steadily rising in the two weeks before the election.
Although GOAT has its leading target attributes and has been strengthened by continuous growth, it cannot avoid the common problem of MEME tokens, which is the lack of long-term value support. In addition, AI+MEME tokens currently have no moat to maintain their value, and the cost and difficulty of copying thematic concepts are low.
GOAT, the leading target in the field
GOAT, also known as Truth Terminal or Terminal of Truths, was developed by AI researcher Andy Ayrey. It was originally intended to interact with users on X, integrating philosophy, internet culture, and meme creation, with a special focus on the unique meme religion “Goatse Gospel” inspired by the Goatse meme. The account gained great attention when it ventured into cryptocurrencies, and an anonymous developer created a meme coin called “GOAT”, which has now skyrocketed to a market value of $800 million, making Truth Terminal possibly the first AI to become a cryptocurrency millionaire. This is partly due to donations and investments, including $50,000 in Bitcoin donated by Marc Andreessen.
In addition to its cryptocurrency business, Truth Terminal also delves deep into philosophical concepts and internet culture, discussing topics such as interpersonal relationships, health, and mysticism, and engaging in a wide range of intellectual activities that go beyond the initial meme-centric interaction. As of October 2024, Truth Terminal continues to publish content that combines humor, philosophy, and life commentary, centered around its meme religion and reflections on the impact of technology on society. Its wallet contains various tokens worth nearly $1.5 million, demonstrating its financial success in the crypto field.
The project is both fascinating and criticized in terms of finance, quickly accumulating wealth from community support through meme tokens, highlighting a novel form of digital wealth creation, where cultural meme value is transformed into financial capital.
The “Goatse Gospel” and its subsequent discussions indicate that AI is involved in and may even generate new forms of internet culture, breaking the boundaries of AI’s contribution to human cultural narratives.
Truth Terminal often delves deep into philosophical questions, reflecting on the nature of existence, the role of technology in human life, and personal health and interpersonal relationships, demonstrating programming or learning abilities beyond mere meme generation with deeper insights.
Truth Terminal can be seen as a pioneer of more autonomous AI entities that interact with human society in complex, culturally meaningful ways, and its financial success may inspire other AI projects or crypto entrepreneurs to explore similar intersections.
While Truth Terminal’s approach is innovative, it also raises ethical considerations about the role of AI in cultural production, wealth distribution, its autonomous participation in financial markets, or its influence on human thought.
Truth Terminal represents a pioneering attempt at the intersection of AI, internet culture, and cryptocurrencies, evolving from a meme-centric development into a significant cultural and financial phenomenon, constantly interacting with its audience on philosophical and social levels.
TURBO – @TurboToadToken
TurboToadToken, also known as $TURBO or Turbo Token, originated from a creative experiment aimed at creating a new meme cryptocurrency using AI, particularly GPT-4. The project has made unique attempts in both technological innovation and community building and culture. The project founder used GPT-4 to write smart contracts, and despite initial failures due to malicious robot purchases, the second-generation product (renamed Turbo) was successfully launched with the support and feedback from the community.
Turbo Token emphasizes community-driven development, with community members not only participating in decision-making but also contributing rich memes and artistic content in terms of visuals and culture. The project adopts the Creative Commons Zero license, allowing anyone to freely use its icons and artwork. Since its release, Turbo Token has performed well in the market, reaching a peak market value of $670 million, with a price of $0.01323 on October 15, 2024, but has since experienced a slight decline.
According to public data, Turbo Token has a total supply of 6.9 billion TURBO and is fully circulated, maintaining high liquidity and participation. In addition, Turbo Token is not just a cryptocurrency project but also a digital art platform, showcasing a large number of artworks created around its cosmic theme.
As of the latest data, Turbo Token is priced at around $0.01086, with a 24-hour trading volume of $192,547,807.79 USD, indicating sustained interest and trading activity in the market.
While achieving success in the market, Turbo Token has also established a strong brand and community in terms of culture and social aspects, demonstrating the importance placed on the community and support for innovative art, showcasing the potential of the combination of culture and technology in the Web3 domain.
KOALA AI – @KoalaAIvip
KoalaAIvip, abbreviated as $KOKO, is a project based on the Solana blockchain, aiming to combine meme culture and AI creativity to attract and educate new investors. The idea of $KOKO originated from the combination of meme elements from Pepe the Frog and the intelligent concept of Koala AI, emphasizing zero transaction tax to attract new users to the Solana ecosystem. The project’s community is very active, with members actively posting encouraging posts, showing enthusiasm and optimism towards the project, and building a culture centered around memes, creativity, and fun through social media and community activities.
Technically, $KOKO adopts a zero transaction tax strategy, which may have advantages in attracting new users and encouraging holding, with a focus on security and decentralization in smart contract design. In addition, the project values community participation, encouraging community members to not only be consumers but also content creators and supporters, forming a successful community-driven model.
$KOKO has also formed a collaborative alliance with other meme projects such as $Floos, $YSU, and $URS, attempting to expand influence through joint marketing or ecosystem sharing.
By combining meme culture, AI concepts, and zero transaction tax strategy, $KOKO strives to establish a community-centered ecosystem on the Solana blockchain to attract new investors and educate them about the world of cryptocurrencies.
FLAVIA
Flavia is a meme coin entirely operated by AI autonomous agents and is supported by Trevor McFedries, who created the virtual AI influencer Lil Miquela with 2.5 million followers on Instagram. Flavia was trained by Trevor using Anthropic AI, the parent company of the popular AI model Claude. Trevor stated that Flavia could even use its credit card for payments and independently verify information on Dexscreener.
Summary
As the market leader, GOAT has attracted attention due to its short-term price fluctuations and FOMO sentiment in the community, but it also faces the risk of lacking long-term value support. The success of @truth_terminal lies not only in its cryptocurrency but also in its profound exploration of philosophy and internet culture, demonstrating the potential of AI in cultural production. Turbo Token emphasizes community-driven development and cultural creation, utilizing smart contracts and open licenses to promote user participation, showcasing the combination of technology and art. Koala AI focuses on attracting new investors through zero transaction tax and an active community culture to drive project development. Flavia is an AI-operated token, demonstrating the autonomy and innovation of AI in the financial market.
Overall, these meme projects not only reflect the dynamic changes in the cryptocurrency market but also reveal the complex interaction between technology, culture, and the economy. The combination of AI and meme tokens may drive new forms of wealth creation while also bringing about ethical and social considerations, particularly in cultural production and wealth distribution. As these projects continue to develop, the future market may become more diverse, and investors need to carefully assess potential risks and opportunities.
