Confession of a 88x Diamond Holder: Why I chose ai16z (and sold swarms)

الأصل | Odaily Planet Daily ( @أوديلي تشاينا )

المؤلف | آشير ( @أشير_0210 )

As you can see, the market value of ai16z has skyrocketed 100 times in just two months, and the Eliza framework ranked first in the trend list in December last year, with a total of 9,703 stars.

I first bought ai16z at the end of October last year, when the price was between $0.02 and $0.025. In the following days, I transferred SOL from the exchange to ai16z through multiple wallets in this range. (By the way, the price of ai16z today is $1.77, and I am glad I am still in the car.)

Partial purchase of ai16z holdings

Scene 1: A beautiful misunderstanding

To be honest, my initial choice and investment in ai16z was a wrong acquaintance. Before November 2024, my main focus was on blockchain games and the coin-mining sector. I manually swiped Pixels to earn tokens, Mocaverses cooperative projects to earn RP points, and Heroes of Mavia to earn rubies, but in the end I did not achieve the expected returns.

During this period, I discovered through swiping X that the on-chain money-making effect is significant, especially the Meme sector. After GOAT, the on-chain AI Meme-related concepts became popular, and many get-rich-quick myths appeared, which made me realize that the focus of research should be shifted. I started to buy SOL on the exchange and transfer it to the wallet, looking for high-quality AI Meme projects.

One day, I accidentally discovered a project called ai16z, which was supported by Marc Andreessen, the founder of a16z. Marc posted a message on his official Twitter account, reposting the concept image of ai16z and the official Twitter link. I thought to myself: Isn鈥檛 the official project of a16z a potential stock? So I decided to buy ai16z.

Act 2: An unexpected success?

As my position continued to increase, my research on ai16z continued to deepen. As expected, I found that the ai16z project had nothing to do with a16z . This discovery caught me off guard, but I didnt sell it immediately. Instead, I decided to continue observing. At that time, the market value of ai16z was only fluctuating between 20 and 30 million US dollars. Although ai16z had nothing to do with a16z, I decided to take a chance (in case those who came in later hadnt discovered it yet).

On the one hand, from the perspective of project fundamentals, ai16z belongs to the AI concept. The AI concept has always been a hot topic in both Web2 and Web3, and its founder Shaw interacts frequently on X, giving people a feeling of being very lively. On the other hand, from the analysis of capital data , I found that there were many early whitelist addresses that bought at very low costs and did not sell at the high point after the opening. At the same time, I also found that many GOAT big players continued to transfer positions to ai16z, and new wallets worth hundreds of thousands of dollars bought ai16z in a single position.

As expected, the markets enthusiasm really came to the AI sector. In one week, the market value of ai16z rose from less than 30 million US dollars to more than 500 million US dollars. As ai16z rose, I believed that the projects in the ELIZA ecosystem would continue to be recognized by the market, so I began to reduce my holdings in ai16z and shifted my positions to degenai and ELIZA, the two projects Shaw mentioned most .

degenai is the first AI agent developed by the ai16z team. It will share alpha information on Twitter and conduct autonomous transactions based on it. degenai is a whitelisted project of ai16z DAO (never sold) and 8% of the profit is used to repurchase degenai. ELIZA is an AI Agent supported by the ai16z team. At the end of last year, ai16z founder Shaw joined the Eliza project as a consultant. At the same time, Eliza Studios director, ai16z creative Jeff, Nous Research researcher Ropirito and Ryze Labs founder Matthew also announced that they would become Eliza project consultants. Simply put, if degenai succeeds, it will be an AIXBT with built-in trading function. ELIZA can be understood as the spiritual totem of the ELIZA framework.

Act 3: Change car or not?

However, the development of the ai16z project has not been smooth sailing. With the popularity of the AI agent sector, many emerging challengers have emerged, among which swarms has attracted the most attention. Kye Gomez, the core founder behind swarms, is known as a genius boy in the field of artificial intelligence. Although he dropped out of high school, he developed the multi-agent coordination framework Swarms in just three years and successfully ran 45 million AI agents .

However, due to Shaws comments on Kyes code plagiarism, Swarms market value fell from a high of 25 million US dollars to a low of less than 13 million US dollars that day. I think regardless of whether Kye is suspected of code plagiarism, Swarms itself is an AI framework with great potential, so it is continuously bought amidst the FUD sentiment.

I met Shaw offline, and it was very comfortable to chat with him. He is not a troll. At the end of December last year, when I learned that Shaw was coming to Shanghai to participate in the offline Dev Meetup and the company arranged for me to go for an interview, I was very excited. For the three ai16z series projects in which I have a large position, I can finally ask the project owners directly about the latest situation of the project.

This face-to-face communication completely dispelled any doubts I had about him and the ai16z team. Shaw is not the high and mighty person I imagined. On the contrary, he is very kind and amiable, and seems to be fully committed to building ai16z DAO into a more powerful platform. During the communication, I felt his enthusiasm and determination for the ELIZA framework, and I also firmly believe that my position will usher in more generous returns.

Therefore, I sold swarms and added ELIZA and degenai. (Click here to view Shaws interview transcript Full interview with ai16z founder Shaw: Eliza framework, DAO innovation and how AI reshapes the future of Web3 )

Act 4: Believe and hold – fasten your seat belts and wait for takeoff

I believe that the price of ai16z projects will reach a new height after the ai16z token economics update . Around January 1, the ai16z team initiated a token economics update proposal, focusing on the Launchpad stage in the first quarter of 2025. Through the acquisition of mature technology and teams, focusing on Eliza framework innovation, including multi-chain integration, etc., increasing startup fees, staking and other value capture mechanisms. With the construction of the Launchpad platform, it is conceivable that a large number of projects will flow into the ai16z ecosystem in the first quarter of 2025, and the demand for ai16z tokens will increase significantly.

Since last weekend, I have been feeling a little volatile watching the continued surge in swarms, but I still believe in the ai16z system, and believe that ELIZA and degenai are still waiting for value discovery. في الوقت الحالي، over 80% of my on-chain positions are in three projects in the ai16z system , of which ELIZA accounts for 50%, degenai accounts for 20%, and ai16z accounts for 10%. I look forward to the update of ELIZAs token economics on January 10 and its subsequent diversified development; I look forward to degenais upcoming artificial intelligence agent surpassing AIXBT; I look forward to the adjustment of ai16zs token economic model, the launch of Launchpad, and even the launch of its own L1 blockchain.

Finally, I am optimistic about the Eliza framework and embrace the ai16z system.

This article is sourced from the internet: Confession of a 88x Diamond Holder: Why I chose ai16z (and sold swarms)

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