What exactly is Aiccelerate, jointly released by Coinbase, Google, and ai16z?

Team members from Coinbase, Google, and ai16z jointly launched Aiccelerate, a new decentralized autonomous organization (DAO) that aims to accelerate the integration of Crypto assets and artificial intelligence.

According to an announcement on January 9, the organization will focus on promoting decentralized, open-source AI development and providing support for high-potential projects in different ecosystems.

In addition, Aiccelerate positions itself as an investment and development DAO. Its main task is to promote innovation in what it calls "agent AI."

Aiccelerate claims: "We believe that Crypto AI is at an inflection point. Our mission is to accelerate the development of decentralized, open-source AI and provide support for high-potential projects in each ecosystem."

AI agents are software that can interact with the environment, collect data, and perform tasks to achieve goals.

Aiccelerate aims to build a collaborative community of leading developers across multiple frameworks. These experts will contribute to a range of agents and tools designed to advance the organization's goals.

In addition, Aiccelerate will unify its initiatives under a single token, AICC. The DAO will use part of its profits to buy back its native token.

The list of development advisors includes Shaw, founder of ElizaOS, which supports ai16z, EtherMage, a core contributor to Virtuals Protocol, Nader Dabit, head of developer relations at Eigen Layer, and Jason Zhao, co-founder of Story Protocol.

On the investment side, Aiccelerate's advisors include Andrew Kang and Marc Weinstein from Mechanism Capital, Justin Lee from Coinbase Ventures, and Anil Lulla from Delphi Digital.

Aiccelerate’s approach addresses the inefficiencies faced by traditional venture capital firms, which often struggle to keep pace with the rapid development of liquid markets and fair launch models such as Pump.fun and Daos.fun.

Aiccelerate plans to leverage the expertise of its network and advisors to provide funding and networking opportunities to emerging projects, while developing and deploying a series of agents to enhance decision-making in the crypto asset and artificial intelligence space.

DAO’s first project will be a public utility research agent designed to help the organization and the wider market make more informed decisions.

By combining human expertise with agent AI, Aiccelerate aims to establish itself as a hub for the next generation of builders and investors.