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Home»Blockchain»Coinbase, Google, and ai16z members back new DAO to accelerate crypto and AI
Blockchain

Coinbase, Google, and ai16z members back new DAO to accelerate crypto and AI

January 13, 2025No Comments2 Mins Read
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Team members from Coinbase, Google, ai16z, and other leading companies have come together to launch Aiccelerate, a groundbreaking Decentralized Autonomous Organization (DAO) focused on driving the intersection of crypto and artificial intelligence (AI).

In an announcement made on January 9th, Aiccelerate revealed its mission to foster decentralized, open-source AI development and support innovative projects across various ecosystems. The DAO positions itself as both an investment and development entity, with a primary focus on advancing “agentic AI.”

Agentic AI refers to software agents that can interact with their surroundings, gather data, and execute tasks to achieve specific objectives. Aiccelerate aims to cultivate a collaborative community of top developers spanning multiple frameworks to contribute to the creation of agents and tools aligned with the organization’s objectives.

To streamline its efforts, Aiccelerate will consolidate its initiatives under a unified token, the AICC. The DAO plans to allocate a portion of its profits towards buying back its native token to enhance its value.

The roster of development advisors for Aiccelerate includes key figures such as Shaw, the mastermind behind ElizaOS at ai16z; EtherMage, a core contributor at Virtuals Protocol; Nader Dabit, the head of developer relations at EigenLayer; and Jason Zhao, co-founder of Story Protocol. On the investment front, Aiccelerate boasts advisors like Andrew Kang and Marc Weinstein from Mechanism Capital, Justin Lee from Coinbase Ventures, and Anil Lulla from Delphi Digital.

Aiccelerate’s approach aims to address the limitations faced by traditional venture capital firms, particularly in keeping pace with the rapid evolution of liquid markets and fair launch models. Leveraging the expertise of its advisors, Aiccelerate plans to provide funding and networking opportunities for emerging projects while deploying a range of agents to enhance decision-making in the realms of crypto and AI.

See also  FBI Flags $40M Crypto Cash-Out Plot By North Korean Hackers

The DAO’s debut project will be a public utility research agent designed to enhance decision-making processes for both Aiccelerate and the broader market. By combining human insight with agentic AI capabilities, Aiccelerate strives to establish itself as a focal point for the next wave of innovators and investors in the crypto and AI sectors.

Accelerate AI16z Coinbase Crypto DAO Google Members
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