Coinbase and Google support new DAO for AI and crypto

Coinbase, Google, and ai16z members back new DAO to accelerate crypto and AI

Aiccelerate was founded by team members of Coinbase and Google.

A Jan. 9, according to AnnouncementThe DAO’s focus will be on decentralized open-source AI and high-potential AI projects in diverse ecosystems.

Aiccelerate is both an investor and a development DAO. The company’s main mission is to foster innovation. “agentic AI.”

The statement is:

“We believe crypto AI is at an inflection point. Our mission is to accelerate the development of decentralized, open-source AI and support high-potential projects across every ecosystem.”

AI is a software agent that has the ability to interact with its surroundings, collect data, perform tasks, and achieve goals.

The DAO is aiming to establish a collaboration community between leading developers in multiple frameworks. They will create a variety of tools and agents to help the organization achieve its goals. 

Aiccelerate’s initiatives will also be unified under one token: the AICC. Some of the DAO’s profits will be used to purchase its native token.

Shaw, founder of ElizaOS (which powers ai16z), EtherMage from Virtuals Protocol, Nader Dabi, head of EigenLayer’s developer relations, and Jason Zhao of Story Protocol are all on the list.

Aiccelerate’s advisors include Marc Weinstein and Andrew Kang from Mechanism Capital as well Justin Lee of Coinbase Ventures and Anil Lulla from Delphi Digital.

Common shortcomings

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

Aiccelerate will leverage their expertise and network to fund and connect emerging projects. They also plan to develop and deploy a variety of agents that can enhance the decision making process within the crypto- and AI sector.

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The DAO’s inaugural project will be a public utility research agent designed to assist the organization and the broader market make more informed decisions. 

Aiccelerate, by combining human expertise and agentic AI aims to become a hub of the future generation of investors and builders.

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leadzevs/ author of the article

LeadZevs (John Lesley) is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

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