Introduction

The AI market has been booming for the past few years, and most AI companies that tokenize their company to be part of the crypto ecosystem have grown exponentially recently.

A new AI platform named Eliza has launched its token ELIZACTO, and just a few days after its launch, the token has surpassed a market cap of $200 million with over 400% increase in the last 24 hours as of November 19, 2024.

What is the token about, and what is the background and history behind the ELIZACTO token? Continue reading to find out.

What is ai16zeliza?

ai16zeliza is a meme coin bulit on Solana. ai16zeliza is a combination of two words, ail6z and Eliza. ai16z is a conversational agent for X (previously Twitter) and Discord, named after one of the first AI chatbots created in the 1960s.

Eliza, founded by Shaw, is used to create AI replicas of real persons (dead or alive) and fictitious characters. For example, ai16z’s community includes a version of its founder, Marc Andreessen, known as pmairca. Others include Degen Spartan, a cryptocurrency trader, and Darth Vadar from Star Wars.

These AI agents have served as the main characters for several memefunds. Memefunds are formed using the Solana-based launcher Daos.fun, which allows users to engage in unique VC-style funds that invest in popular memecoins and trending web3-AI projects.

Background and history of ai16zeliza

A group of anonymous developers launched a token by the name Eliza, which Shaw, the Founder, did not know about, and it is alleged that Shaw stated on November 9 that if someone wanted to deploy Eliza as an AI agent and tokenize it, he would allow it and that ai16z would not be creating a coin, but that other developers might be interested in the task.

As a result, on November 16, a group of anonymous developers launched an Eliza token called ai16zeliza (ticker: Eliza) through the token launcher vvaifu.fun. By November 19, this token’s market capitalization has hit approximately $50 million. Shaw’s posts on X indicate that he neither supported nor opposed the token. He did update a post detailing the project’s 70 million token transfer to the ai16z treasury.

Another report stated that Shaw had been working on the AI project for a long time and his token idea for a few weeks with an external partner, and this is why he went ahead with it anyway, despite the other token’s launch.

On Monday, November 18, 2024, ai16z and Ryze Labs partnered to launch an “AICombinator” program and a $5 million fund aimed at supporting the growth of the ai16z ecosystem. According to a statement, project founders will receive early access to use newly launched features on ai16z’s Eliza framework as part of the initiative.

The Price Change of ELIZACTO Token on CoinEx

The Price Change of ELIZACTO Token on CoinEx

ELIZACTO Token was listed in CoinEx on November 18, 2024. Tradings, deposits, swapping and withdrawals were made available immediately.

Since the token was listed, it has seen a tremendous rise, with an increase of over 480% in the last 24 hours and over 500% increase since the token was launched on November 19, 2024.

The ELIZACTO token has a total circulating supply of 1 billion and a total market capitalization of almost $300 million as of November 19, 2024.

The significant increase being experienced by the ELIZACTO token is not a coincidence; it is based on the popularity AI is experiencing in recent times and the importance of the Eliza platform, which is used to create AI versions of real (whether dead or alive) people or fictional characters. This is one of the significant factors that will influence the ELIZACTO token price.

Overview

Name: ELIZACTO
Official link: https://vvaifu.fun/character/673905469257ff5b86d15313
Explorer: https://solscan.io/token/wUtwjNmjCP9TTTtoc5Xn5h5sZ2cYJm5w2w44b79yr2o#metadata
Total supply: 1 Billion
Contract address: wUtwjNmjCP9TTTtoc5Xn5h5sZ2cYJm5w2w44b79yr2o#metadata
Telegram: https://t.me/ai16zelizaportal
Supported CEX: CoinEx, HTX
Supported DEX: Raydium, Meteora, Orca
Convenient for users to know in time: https://www.coinex.com/en/info/ELIZACTO

*This article does not constitute investment advice.