The post Coinbase, Google, and ai16z members back new DAO to accelerate crypto and AI appeared on BitcoinEthereumNews.com.

Team members from Coinbase, Google, ai16z, and other major players have joined forces to launch Aiccelerate, a new Decentralized Autonomous Organization (DAO) that aims to accelerate the convergence of crypto and artificial intelligence (AI). According to a Jan. 9 announcement, the DAO will focus on fostering decentralized, open-source AI development and supporting high-potential projects across diverse ecosystems. Additionally, Aiccelerate positions itself as both an investment and development DAO. Its primary mission is to drive innovation in what it terms “agentic AI.” According to the statement: “We believe crypto AI is at an inflection point. Our mission is to accelerate the development of decentralized, open-source AI and support high-potential projects across every ecosystem.” An AI agent is software that can interact with its environment, collect data, and perform tasks to achieve goals. The DAO aims to build a collaborative community of leading developers across multiple frameworks. These experts will contribute to an array of agents and tools designed to further the organization’s goals.  Additionally, Aiccelerate will unify its initiatives under a single token, the AICC. The DAO will use some of its profits to buy back its native token. The list of development advisors includes Shaw, the founder of ElizaOS, powering ai16z; EtherMage, a core contributor from Virtuals Protocol; Nader Dabit, the head of developer relations at EigenLayer; and Jason Zhao, co-founder of Story Protocol. Regarding investment, Aiccelerate has Andrew Kang and Marc Weinstein from Mechanism Capital, Justin Lee from Coinbase Ventures, and Anil Lulla from Delphi Digital among their advisors. Addressing common shortcomings Aiccelerate’s approach addresses inefficiencies faced by traditional venture capital firms, which often struggle to keep pace with the rapid development of liquid markets and fair launch models like Pump.fun and Daos.fun.  By leveraging their network and expertise from their advisors, Aiccelerate plans to provide funding and networking…

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Filed under: News - @ January 9, 2025 9:26 pm