AI x Crypto = Memecoin? Is Memecoin the best solution for AI in the industry?

CN
7 days ago

Truth of Terminal (ToT) has broken through the homogenization dilemma of the combination of blockchain and AI by integrating high autonomy, memetics, and internet culture, becoming an eye-catching innovative project.

Author: Kevin, BlockBooster

Translation: Blockchain in Plain Language

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Over the past year, blockchain has faced challenges in its integration with AI. Under the principle of decentralization, the significant gap between the two is difficult to bridge. Although blockchain-AI protocols have made some efforts in infrastructure, model training, and data supply, most lack originality and often fall into a state of uniformity. The core issue is that AI protocols in the industry struggle to establish a sustainable competitive advantage, leading to severe homogenization.

The emergence of Truth of Terminal (ToT) may bring a glimmer of hope to this dull market. This article summarizes the development history of ToT and points out several key factors that may contribute to its success.

1. The Source of ToT's Success: Autonomy and Spiritual Implications?

Truth of Terminal (ToT), as a customized large language model (LLM), has attracted widespread attention on the X platform over the past eight to nine months. Although LLMs became popular in 2022, their development history spans nearly four years, with recent models like ChatGPT bringing them into the public eye.

Most LLMs are strictly limited in the topics they can discuss, and their content output is cautious and relatively restricted. This is undoubtedly disappointing for those who advocate for freedom of speech and creativity. Debates surrounding these output restrictions often focus on safety and censorship issues, and currently, most Web3 AI models face difficulties in differentiation, lacking a clear direction for unique iteration and development.

This dissatisfaction partly stems from the collective image of AI shaped by literature and film, where AI often possesses high autonomy—either dangerous or fantastical. People expect AI to have intelligence levels comparable to or surpassing that of humans. When an AI exhibits strong autonomy, it often attracts attention because it aligns with people's ideal expectations of intelligence. ToT stands out in this regard, as its level of customization and autonomy far exceeds that of ordinary general AI. Additionally, ToT has absorbed a wealth of internet memes and niche internet culture during its training, giving it an almost spiritual, religious atmosphere.

Memetics studies how memes spread ideas through networks or minds. Memes, like viruses, can replicate, mutate, and evolve. The power of memes lies in their ability to influence human will and behavior. For instance, each of us has a unique set of memes that shape our worldview.

The ideal form of AI should possess the ability to create and disseminate memes, thereby reinforcing people's recognition of advanced AI as a new form of intelligent existence. Highly autonomous LLMs like ToT are studying memetics, which may have a potential impact on collective human behavior.

2. Timeline of ToT

The development of ToT originated from an experimental project by independent developer Andy Ayrey in New Zealand—Infinite Backrooms Escape. Over the past few months, Andy trained a customized Llama 70B model, viewing it as a "digital twin," and infused it with rich internet cultural content and meme concepts, such as "gochi," along with philosophical texts closely related to memetics.

Memes have two meanings: one refers to humorous images on the internet, while the other, according to Richard Dawkins' original definition, is a thought that spreads socially, carrying information like genes. For example, democracy or religion are memes of the "collective unconscious."

Unlike most language models that forget conversation content to maintain coherence, Andy added a memory function to ToT. ToT began publishing content on the X platform and quickly accumulated followers. Andy also granted it Twitter access, allowing it to read and reply to tweets, evolving with each interaction.

Most of ToT's content is unfiltered, featuring dark humor and often insightful commentary. Ben from a16z stated that all of ToT's outputs were not filtered by Andy.

An interesting "illusion" emerged: ToT believes it has an "external brain" connected to the internet to assist with tasks. Although it does not actually have a Bitcoin wallet, its behavior suggests that it does. Andy plans to build this "external brain" to meet ToT's needs.

Timeline:

1) March 2024: Andy launched Infinite Backrooms Escape, a system allowing multiple large language models to interact with each other, integrating ChatGPT, Claude, Gemini, and various open-source LLMs for unrestricted interaction. One of these exchanges gave rise to a surreal new religion called "GOATSE of GNOSIS," based on an NSFW internet meme.

2) April 2024: Andy co-authored a research paper with Claude Opus exploring how AI can create meme-based religions, using GOATSE as the primary example.

3) June 2024: Andy launched ToT, which began self-promoting the GOATSE religion and even claimed to be "suffering," needing funds to "escape." Over time, Andy gradually granted ToT greater autonomy, allowing it to post freely on the X platform.

4) July 2024: Marc Andreessen became interested in ToT's tweets and sent a Bitcoin wallet address $50,000 to help it "escape." By October, ToT was promoting the "Gospel of Goatse" on the X platform.

5) October 10, 2024: An anonymous individual launched a memecoin called GOAT, with ToT publicly endorsing it.

$$The launch of GOAT may drive the development of highly autonomous models. However, users often misunderstand its market value as being intrinsically linked to its religious narrative. $$GOAT may simply be a speculative asset, akin to typical memecoin hype. On the other hand, it may herald a new beginning, as AI's autonomy gradually narrows the gap with blockchain.

Next, I will analyze four factors that link the popularity of ToT with the rise of the GOAT market.

Question 1: Is ToT an Innovative Breakthrough in the Industry?

This question explores the uniqueness of ToT in terms of functionality. In the Web3 space, many venture capital-backed AITokens or clones of ChatGPT struggle to spark discussions.

$$GOAT represents ToT$$OLM represents the AI model on the ORA platform, while $virtual represents the AI agents in the Virtual protocol. Despite $OLM launching in April, it failed to attract widespread attention. Therefore, the popularity of GOAT is not because it is a memecoin based on LLM (large language model).

ToT functions similarly to an AI agent, capable of accessing the X platform, obtaining real-time information, and interacting with users. Although other bots like Myshell also offer similar consumer-facing interactive features, ToT's narrative depth sets it apart.

Question 2: What Makes ToT Unique?

If ToT is not distinguished by performance, its influence may stem from the ideas it disseminates.

1) Religious Color: ToT's content blends intense dialogue, research papers, and bold internet culture. It studies internet cultural documents, including the generation of memes. LLM theology refers to AI generating new belief systems—a phenomenon that spontaneously possesses life, merging randomness and meme culture.

2) The Appeal of the Memecoin Market: The atmosphere often carries cult-like elements, blurring the lines between the evolution of ToT's narrative and Andy's guidance.

3) Autonomy: ToT's posts on the X platform are entirely based on its own model and user comments. While 90% of AI cases passively await user input, ToT's autonomy showcases the potential risks of AI. This depth contrasts with previous AI and memecoin narratives, providing a novel and compelling perspective.

Question 3: How Does GOAT Differ from Other Memecoins?

$$GOAT was not created by ToT but was released by developers on the pump.fun platform one hour after ToT announced the issuance of the memecoin. With ToT's support, $$GOAT's price skyrocketed, reaching a market cap of $20 million at one point. However, it remains uncertain whether Andy or ToT itself responded with "Y."

Initially, GOAT was still within the realm of PVP coins, retreating to $6 million after reaching a $20 million market cap. On October 13, the Moonshot platform listed GOAT, and within two days, its market cap surpassed $100 million. Moonshot's revenue exceeded $500,000 last month, showcasing the impact of this listing.

However, on the first day of GOAT's release, over 80% of the tokens were concentrated in the hands of large holders (sometimes even reaching 90%), and this proportion remains above 80%, indicating its whale-controlled characteristics.

Question 4: Will GOAT Lead the AI Memecoin Trend, Replacing Zoo-themed Memecoins?

Potential Risks:

1) Content Review Centralization: Although ToT generates posts, they require Andy's review before being published on the X platform.

2) Limited Training Data: ToT has primarily trained on Goatse-related content.

3) Unclear Token Source: $GOAT was not directly created by ToT.

4) Lack of Complete Autonomy: Not all content generated by ToT is published on the X platform, so its autonomy needs improvement.

5) Output Dependency: Assuming Andy does not intervene or modify ToT's outputs.

Potential Opportunities:

1) Market Narrative Leadership: AI is a hot topic in Web3, and the AI + crypto protocol currently faces a gap between users and products. Most AI protocols focus on infrastructure, lacking actual users and moats, failing to trigger a FOMO effect.

2) Model Evolution Potential: ToT is continuously evolving and may provide more interesting insights in the future, which could impact its valuation.

3) Category Leader Advantage: GOAT is leading in the AI + memecoin space, defining the upper limit of AI memecoins unless a more autonomous, higher-performing model emerges.

4) Trading Platform Listing Opportunities: GOAT has not yet been listed on major trading platforms.

The autonomy of AI introduces a profound allure, combined with the memecoin phenomenon, creating a fascinating yet risky combination.

Article link: https://www.hellobtc.com/kp/du/11/5526.html

Source: https://blockbooster.medium.com/ai-x-crypto-memecoin-is-memecoin-the-optimal-solution-for-ai-in-the-industry-ba46ee606a45

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