Eliza Labs unveils white paper for $10B AI agent market
Eliza Labs, the developer behind ai16z (CRYPTO:AI16Z), has released a white paper detailing its vision for Web3-native artificial intelligence agents.
The document outlines the capabilities of Eliza, an AI agent toolkit designed to integrate seamlessly with Web3 applications.
Launched in 2024, Eliza aims to enable AI agents to autonomously read and write blockchain data and interact with smart contracts.
The white paper emphasises the need for individual investors to have systems that can manage portfolios and execute intelligent trades.
“Individual investors are in dire need of a system to help manage their portfolios and conduct intelligent operations and trades,” it states.
Eliza is positioned as an open-source operating system that seeks to democratise advanced AI functionalities, thereby lowering the barriers to entry for the general public.
Industry experts predict that AI agents will significantly transform Web3 by 2025, with cryptocurrency trading being an early application.
“AI agents are expected to take on a more prominent role within decentralised communities,” noted J.D. Seraphine, CEO of Raiinmaker.
As of December 2024, approximately 10,000 AI agents were active in Web3, collectively earning millions weekly from onchain activities.
A report by VanEck projects that over 1 million AI agents will be operational on blockchain networks by the end of 2025.
In terms of market performance, tokens associated with AI agents reaches $10 billion in market capitalisation in 2024.
The native token of ai16z, AI16Z, has achieved a market cap nearing $1.4 billion since its launch in October.
Eliza Labs describes itself as “the first investment DAO led by AI agents,” indicating a unique position within the evolving landscape of decentralised finance and artificial intelligence.
The white paper marks a significant step in the development of agentic AIs that could reshape financial management and trading within decentralised frameworks.
At the time of reporting, the AI16Z price was $1.30.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.
OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.
New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More
