The Rise of AI Agents in Crypto: Terminal of Truths, $GOAT, and the Future of AI-Driven Memecoins

The growing intersection between artificial intelligence (“AI”) and crypto has recently been taken to a new high, driven by AI agents. In particular, the story around Terminal of Truths and $GOAT has captured the market and drawn attention to various other AI agent crypto projects.

AI agents are autonomous software that can plan, execute tasks, and work towards some defined goal without human intervention. In the context of crypto, AI agents can be used to trade cryptocurrencies, manage crypto portfolios, or even create new cryptocurrencies.

One of the earliest examples of an AI agent in the crypto space is Terminal of Truths (ToT). ToT is an AI agent that was created by a group of anonymous developers. The goal of ToT is to create a new religion that is based on an old Internet meme. This meme is known as the "Pepe the Frog" meme.

ToT has created a new memecoin that is called $GOAT. This memecoin is designed to be used as the currency of the new religion. As $GOAT has risen in price, ToT has become the first AI agent millionaire.

The story of ToT and $GOAT has captured the attention of the crypto market and has sparked a wave of interest in AI agents. Several other projects are now emerging that are focused on using AI agents to trade cryptocurrencies or create new crypto applications.

One of these projects is called Virtuals Protocol. Virtuals Protocol is a platform that allows users to create, deploy, and monetize their own AI agents. The platform is specifically designed for entertainment and consumer-focused AI agents.

Virtuals Protocol is also setting up an "AI agent launchpad." This launchpad will allow users to co-own AI agents and participate in the governance of the agents through a token-holder governance system. The platform also has a buyback-and-burn economic model that is designed to foster community engagement and create financial incentives for participation.

Another project that is merging AI agents and crypto is called Daos.fun. Daos.fun is a platform that allows users to create and deploy AI agent-led hedge funds. The platform was initially designed for human-led hedge funds, but it has now adopted the AI agent meta.

The largest manager on Daos.fun is now an AI agent that is named after the major US VC firm, a16z. This AI agent is not yet able to autonomously trade cryptocurrencies, but it will soon be able to do so.

These projects are just a few examples of the merging crypto and AI landscape. With crypto being a largely autonomous and decentralized system that is designed to facilitate digital value transfer without the need for trusted third parties, and AI agents being autonomous software that can execute tasks without human intervention, the merging of these two technologies seems like a natural fit.

This merging sub-sector of crypto is still very young and there are many considerations that need to be taken into account. AI models can still hallucinate and there are many blockchain-related hurdles that need to be crossed.

However, the merging of crypto and AI is generating a lot of positive momentum and we might be on the verge of the next big AI crypto application. With traditional banks and payment methods generally requiring human identification, crypto is a natural fit for the AI agent economy.