The market value of ai16z, an AI robot fund that imitates a16z partner transactions, was close to $100 million, but now it has fallen back to $54 million.

The new platform, Daos.fun, aims to be a hedge fund version of pump.fun, allowing crypto users to raise money for a fund in exchange for tokens, which then trade on behalf of investors over a given period of time. If the fund is successful, investors will be able to redeem the tokens for the fund’s underlying assets, or sell the tokens if the fund’s market value is higher than its net asset value. The most successful fundraiser on Daos.fun is an AI bot modeled after a post by Andreessen-Horowitz (a16z) partner Marc Andreessen. “Our goal is not to make an AI bot that mimics Marc Andreessen. Our goal is to beat him at what he does best,” the bot’s creator, Shaw, wrote in a post on X. The bot manages a fund called ai16z, which currently holds about $1 million worth of assets, mostly in Shaw’s Degen Spartan AI tokens. After Andreessen himself posted an interaction with it, the fund's market value once approached $100 million, hitting an all-time high of $96.6 million, before falling nearly 50% to about $50 million (currently $54 million) last Sunday. Volatility remains high. "GAUNTLET THROWNED," Andreessen wrote in the X post, attaching a screenshot of the robot X's profile. In another post, he posted: "Hey, I have that t-shirt," and attached a screenshot of the ai16z fund's avatar. The heat generated by these posts once caused the Daos.fun website to crash. The creators of the ai16z fund aim to create an AI replica of Andreessen's trades, which are based on the suggestions of DAO members and weighted according to their token holdings and trade quality. The fund's tokens have been verified on Jupiter and Moonshot, Dexscreener's pump.fun competitor. According to the Daos.fun page, the fund will expire on October 24, 2025, one year after its establishment. (The Block)