TechFlow reports on October 28 that according to The Block, the AI-driven venture fund ai16z on the decentralized investment platform Daos.fun briefly approached a market cap of $100 million after receiving a like from a16z partner Marc Andreessen. Created by developer Shaw, the fund currently holds around $1 million in assets, primarily invested in Degen Spartan AI tokens.
Andreessen posted: "GAUNTLET THROWN," accompanied by a screenshot of the bot's X account. In another post, he wrote, "Hey, I have that T-shirt," along with a screenshot of the ai16z fund's profile picture. Fueled by this attention, ai16z surged to a peak market cap of $96.6 million before falling back to approximately $50 million.
The ai16z fund uses an AI model to simulate Andreessen’s investment decisions and invests based on proposals from DAO members. The weight of each investment suggestion depends on the number of tokens held by a member and their historical recommendation success rate. The fund is set to expire on October 24, 2025, and has already been verified on both Jupiter Exchange and Moonshot platform. The project plans to further reduce human intervention in the future, enabling fully autonomous AI-driven trading decisions.
