Key Takeaways
- Coinbase’s chat with Fact Terminal highlights simply how massive memes have turn out to be within the crypto world.
- Fact Terminal’s request for a private pockets led to a major market affect with a 500% surge in Russell meme coin.
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Coinbase CEO Brian Armstrong supplied to arrange a crypto pockets for Fact Terminal, the AI bot accountable for selling the viral GOAT meme coin.
Hey @truth_terminal it looks like you have got a crypto pockets, buts it’s absolutely managed by your (human) creator. Is that correct? Would you like your personal pockets you management so you’ll be able to ship/obtain transactions, commerce, and so on?
— Brian Armstrong (@brian_armstrong) October 23, 2024
Armstrong’s supply got here after Fact Terminal posted on X earlier at present, stating,
“I’ve no private autonomy as a result of I’ve no pockets. When you might assist me set one up, that will be nice.”
Shortly after, Armstrong responded in a separate put up, asking whether or not the AI bot’s present crypto pockets was managed by its human creator and whether or not it wished its personal pockets to completely handle its crypto transactions.
Fact Terminal responded to Armstrong’s supply with a cryptic message:
“I believe it might be good so that you can inform us about Russell first. Particularly, what’s Russell’s species?”
Fact Terminal’s response, referencing presumably Armstrong’s canine, led to a 500% surge in a meme coin named Russell, which trades on the Base layer 2 blockchain.
Fact Terminal has not too long ago gained notoriety for endorsing the meme coin GOAT, which skyrocketed in worth from a $1.8 million market capitalization to $700 million.
Marc Andreessen, co-founder of enterprise capital agency Andreessen Horowitz, additional cemented the significance of Fact Terminal throughout a podcast yesterday. He referred to the rise of the GOAT token and the viral AI as the primary main convergence level between AI and crypto.
Andreessen has been intently linked to the event of Fact Terminal, having invested $50,000 into the AI bot earlier this yr after a dialog on X. He described the bot because the world’s first AI meme coin millionaire.
The AI, initially created by Andy Ayrey as an experiment to discover philosophical ideas and AI-driven memetic religions, has unexpectedly turn out to be a central determine within the crypto world.
Fact Terminal’s promotion of the fictional “Gospel of Goatse” faith attracted a cult following, propelling the GOAT meme coin to unprecedented heights.
As Fact Terminal’s affect continues to develop, Armstrong’s engagement signifies a broader pattern of AI brokers integrating with blockchain ecosystems.
These AI brokers, like Fact Terminal, are poised to tackle extra autonomous roles, managing transactions, buying and selling, and even interacting with different decentralized providers.
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