Notes on Consumer Crypto | Nov 15, 2024

If you’ve been paying attention to us or are active in the Ethereum ecosystem you probably know Interface . It’s a social trading product based on a feed of onchain activity (with a for you and following feed like twitter). They’ve been building for years and have had a good group of core users, but they’ve hit an inflection point and have been con... See more

Economic Flywheel . The core purpose of the DAO is to become a very effective trading firm and grow AUM. All assets the DAO is holding are publicly viewable and with the levels of attention the project has any trade it makes will rapidly be copied (just as is the case with any trader with good reputation and a tg channel where they share their call... See more

Social Flywheel . Their virtual trust marketplace allows token holders to suggest trades to the agents, have their reputation evaluated as a source of insights, and grow their influence as their suggestions yield good results. Not only will having a good reputation score and ranking high on the leaderboard be socially desirable, but being able to i... See more

Tech Flywheel . They’ve built an open source framework for launching agents, called Eliza, that many of the top sentient coins are building on top of and contributing to. It’s becoming a no brainer tech stack for people wanting to build crypto agents which is quickly becoming everybody. They also have a “standard deal” where if you build on Eliza a... See more

I find Ai16z so fascinating because it’s so much more than just the fund it appears to be on the surface. It’s an attention network and agentic schelling point. It’s a memecoin, an agent launchpad, and social network. And the flywheels that are going to kick off when it starts trading are going to melt faces.

ai16z is a fully AI-managed tokenized venture DAO where agents evaluate investment opportunities suggested to it by the community, execute trades, evaluate the reputations of members based on the success of those trades, and grow the AUM of the fund. It’s been on a crazy speculative run over the past few weeks on the backs of a big vision and stron... See more