Ai16z releases White Paper describing the future of agency: autonomously analyze data and execute trades

Original Title: ai16z’s Eliza Labs ships white paper for Web3-native AI agents

Original author: Alex O’Donnell

Source:

Compiled by Tom, Mars Finance

Eliza Labs of ai16z has released a whitepaper on Web3 native AI agents

The company envisioned a world of AI agents, agents like Eliza that will automatically trade on the chain.

On January 14, 2024, Eliza Labs, the development company behind ai16z, released a white paper outlining its vision for Web3-native artificial intelligence agents, the Web3 AI project stated.

This 20-page document details ai16z’s AI agent toolkit Eliza, designed to serve as an “ideal agent framework that seamlessly integrates Web3 applications into AI agent functionality.”

The white paper states that Eliza was released in 2024, aiming to support AI agents that can “read and write blockchain data, interact with smart contracts, and other functions”.

Ultimately, Eliza Labs hopes to foster Web3 native AI agents capable of autonomously analyzing data and executing trades.

The white paper points out: “Individual investors urgently need a system to help manage their investment portfolios and conduct intelligent operations and transactions.”

Open-source AI agent operating systems like Eliza aim to “democratize access to advanced AI capabilities, significantly lowering the barrier for ordinary people to enter this field.”

Comparison of Eliza with peers. Source: Eliza Labs

The Rise of Agent-Based AI

Industry executives expect AI agents to transform Web3 in 2025, with one of the early use cases being cryptocurrency trading.

Proxy AI - machines that autonomously pursue complex goals - have begun to reshape the digital economy, build Web3 applications, launch tokens, and interact independently with humans.

J.D. Seraphine, CEO of Raiinmaker Web3 AI development company, told Cointelegraph: “By 2025, AI agents are expected to play a more important role in decentralized communities.”

According to VanEck’s report, by December, Web3 had already hosted approximately 10,000 AI agents, which collectively earned millions of dollars through on-chain activities each week. The report predicts that by the end of 2025, there will be over 1 million AI agents in blockchain networks.

AI agent tokens calculated by market value. Source: CoinGecko

AI Token Craze

According to CoinGecko’s data, the total market value of tokens tied to AI agents has surpassed $10 billion in 2024, mainly concentrated in the fourth quarter.

The local token AI16Z of the ai16z project has performed particularly well. According to CoinGecko data, since its launch in October, AI16Z has driven a market value of nearly $1.4 billion.

According to its official website, ai16z claims to be the “first investment DAO led by AI agents”.

According to the community dashboard operated by Elizaverse Observatory, the Eliza operating system supports over ten Web3 AI agents.