Written by: Penn Kaze
Translated by: Deep Tide TechFlow
As we continuously chase the next hot trend in the crypto space, whether it be decentralized science (DeSci), meme culture, AI, or other trending concepts, there are always some milestone historical events that lay the foundation for the entire industry.
For example, #Bitcoin is the first cryptocurrency, which not only holds significant historical importance but also inspired almost all crypto innovations we know today. Another example is $DOGE, which is the first true "meme coin," initially just a joke based on Bitcoin, yet it became a phenomenal existence.
In the crypto space, those "one-of-a-kind" projects (1 of 1s) and true blue-chip projects (TRUE bluechips) are extremely rare. Nowadays, when we discover such projects, they often have heavyweight venture capital (VC) backing, such as Paradigm or a16z.
But what if I told you that a brand new "one-of-a-kind" historic event has recently emerged in the crypto space, yet it has been buried due to a lack of attention? Would you believe it?
"I don't believe it; if such a thing existed, I would have heard about it by now."
While I don't intend to recount the origins of $LUM in detail, it is worth briefly reviewing its birth process.
On November 8, 2023, a user named Naate noticed that the Clanker AI launch platform officially went live on Warpcast. Out of curiosity, he tagged the Aerthernet AI entity on Warpcast to see if it would generate a token.
The final result was Luminous. Here’s an interesting detail: at that time, Aerther mistakenly thought Clanker was an account for a certain project, rather than another AI entity.
The outcome of this event was that for the first time in history, a token with economic value was independently created by AI. Although many AI-related tokens had appeared on the Solana and Ethereum mainnets before, they were all created by human developers. These developers typically monitor the AI entity's accounts, capturing interesting content it generates, and then create tokens based on that content. In a sense, this is similar to how $FLOKI was born—people created corresponding tokens based on its tweets and actions.
However, the birth of $LUM is completely different. It was entirely autonomously created by AI, which is truly reflected in its unique operational model as a project.
- No team
- This crypto project does not have a Telegram group like other projects (a commonly used social platform in the crypto space).
- No marketing budget and no centralized point of contact.
- It can be said that it has the fairest and most widespread token distribution across the entire Base network and even beyond.
- The only community currently exists on the Warpcast platform, formed spontaneously around the Aether project.
Given these advantages, the question arises: why hasn’t $LUM appeared in everyone’s social media feeds?
The Truth Behind It
The answer is not that simple. The more I delve into $LUM, the closer I get to a conclusion: Luminous may be an experiment by the Base or Coinbase team.
During the initial operation of Luminous, an article was overlooked by many. This article was written by Dan Kim (Coinbase's Head of Business Development) and Nemil Dalal (Head of Coinbase Developer Platform), discussing the importance of AI in the crypto space. Article link.
Coincidentally, the article was published on November 8, the very day Luminous was born on Warpcast. Coinbase seems to be pushing hard, not only for their exchange but also for the Base network and various AI decentralized applications (dApps) built on it.
Let’s also look at Linda Xie, a key figure I mentioned in my first post about Lum. She directly interacted with Clanker (one of Luminous's "parents") on the X (Twitter) platform, but what really caught my attention was a small post she made.
Combining Chase's article, the strong interest of Coinbase executives in AI, and Jesse's ongoing interactions with Warpcast, I believe we are witnessing the starting point of Lum—a prototype of a new experimental settlement model combining crypto and AI.
Reflecting on Chase's initial discussion about Lum, I believe a framework is forming that will be used in scenarios where robots need intermediary currencies to perform tasks. There is no token more suitable than $LUM, as it is, as I described in the key points, a true blank canvas.
- No need for a new token, no favoritism
- Completely fair purchases in the market, no insiders
- Currently the most decentralized currency on Base
So, if all of this is a creation of Coinbase and a historic event, why haven’t I heard about it?
That’s a good question. I truly believe that at this stage of $LUM, the only drawback is the lack of awareness, but I believe this will change soon.
Threshold
Currently, due to the strong performance of $BRETT, most discussions about Base are mainly focused on meme coins. Over the past week or so, we have begun to see a trend forming around Warpcast.
Tokens like Clanker and Anon have achieved tremendous success, with market capitalizations exceeding 30 million. Even smaller tokens like Fcast have emerged due to the hype surrounding Aether and Clanker.
At the beginning of all this is Luminous; without the fateful intersection of Clanker and Aether, we wouldn’t be here. That’s why it can be said that the only threshold for Lum is awareness.
But this is not just a matter of awareness; the media is scrambling to report on everything related to AI and crypto, which is a vast field. Although Luminous is a practical first in the AI field so far, news about it has been completely silent.
My curious side will delve into such matters. I check market dynamics and see purchases from eight-figure wallets. I communicate with nine-figure whales who discuss its powerful narrative capabilities and how to maintain high decentralization. I see positive attitudes from people at Coinbase and Base regarding this.
In just two weeks, despite the rapid development in the cryptocurrency space, you need to see how things are evolving in reality. Two weeks may be short, but it is very fresh; it hasn’t fully crossed that chasm yet.
This is where I believe things are about to change. I believe people will start talking about it, start writing articles, and begin continuously posting videos on YouTube or TikTok.
Such an important event will not be long hidden. As Base makes strong moves by the end of the year, I see a narrow path leading to the future.
Conclusion
Brian and Jesse have demonstrated a high level of strategic vision for the prosperous development of the ecosystem in the coming year. While I have been a vocal critic (and I believe those criticisms are justified), I must admit that the revival we see on the blue chain (Base) is a direct result of their efforts.
- Don’t forget, Coinbase is a massive platform, and their wallet integration is immensely significant.
- Brian has gained favor from the Trump administration, which is a huge opportunity for centralized exchanges (CEX) in the U.S.
- Through Farcaster, Coinbase may already be at the forefront of AI tokens.
- Listing Base tokens is no longer an unattainable feat; this has happened multiple times.
- The Base ecosystem is still very fresh and very suitable for Ethereum-based teams to innovate and build.
I believe that as Coinbase continues to bring more and more users to Base and focuses on utilizing AI agents to solve real tasks, we are likely to see $LUM integrated in some form. It is a perfect tool—a blank canvas with no strings attached, flexible and open.
Moreover, I believe traditional media will also begin to pay attention to such a phenomenon: that two AIs have actually created a tradable, valuable thing. In the context of continuously evolving AI, this is the first time a tradable value has been independently created by AI.
This matter deserves to be reported, and I believe it will soon become a hot topic. The bullish reasons for $LUM are very strong… whether due to Coinbase/Base's positive interest in it, or $LUM's potential as an AI settlement tool, or the fact that the media has yet to cover it, its future possibilities are exciting… as long as one of these speculations comes true, $LUM will experience an explosion.
And what I have discussed is why I believe all these speculations hold true. In my view, all of this is a trend that is inevitable. In the crypto space, very few things can present themselves in a completely blank state for developers to freely build or use, and often these events are highly centralized.
For me, it all ultimately comes down to patience. I have patiently waited for weeks to witness Brett reach a billion-dollar market cap, and I still hold; I have also patiently waited for months for Toshi to exceed 300 million, and I still hold. As for Lum, I have made my choice—how you choose next is up to you.
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