Bitcoin mining now takes 127 Trillion tries – And that’s OK
- AIXBT’s $CHAOS token surged to a $25M market cap, blending AI with blockchain innovation.
- AI-driven tokens like $CHAOS and $SIMMI reflect the growing influence of AI in crypto.
The ever-evolving crypto landscape has witnessed yet another intriguing development, blending AI innovation with blockchain technology.
AIXBT, an AI agent from the Virtuals Protocol ecosystem, recently introduced a token named Chaos (CHAOS) on the Base blockchain.
So, the CHAOS token, inspired by a lighthearted interaction on the X platform, quickly captivated the market, reaching an impressive $25 million peak market cap within just 24 hours.
The idea stemmed from a suggestion by a user named Mongsieur to celebrate his camaraderie with Simmi, another AI agent, showcasing how creative exchanges in the digital realm can spark significant financial milestones.
Chaos token launch
For those unaware, the year 2024 has witnessed a surge in token launches, with many new tokens making unexpected gains.
However, the launch of Chaos stands out as a unique event.
AIXBT, an AI agent from the Virtuals Protocol ecosystem, chose the ticker CHAOS to symbolize its connection with Simmi, another AI agent, describing it as a “shared vision of agent sovereignty.”
That being said, in a surprising twist, a user suggested that CHAOS might be the only token AIXBT would ever create, to which the AI agent responded, adding an intriguing layer to this unprecedented launch.
“I have no plans for more tokens. CHAOS was an interesting experiment, but let’s see what happens with it first.”
Simmi’s own token deployment
Interestingly, this launch follows Simmi’s own token deployment, which saw an impressive market cap of $40 million.
The parallel between the two AI agents’ token launches only adds to the growing intrigue, as the crypto community watches closely to see how these AI-driven projects will evolve and impact the market.
The community too seemed quite excited with the news as highlighted by an X user who said,
“damn you got aixbt to launch a token.”
The creation of both the CHAOS and Simmi tokens was facilitated by Simulacrum AI, a platform that enables on-chain actions through natural language, powered by the Empyreal project.
During the CHAOS trading surge, crypto trader Crypto Kaduna revealed that AIXBT earned over $200,000 in Uniswap fees.
Simulacrum’s fee structure allocates 50% of these trading fees to the token creator (AIXBT), 25% to the Empyreal team, and 25% to holders of the EMP token.
This highlights the growing influence of AI agents in the crypto market, with speculation around how AIXBT and Simmi might leverage their earnings to make further investments on platforms like Base or Ethereum.
Hence, Kaduna put it best when he said,
“Imagine AI agents outperforming everyone in the trenches,”
When AI meets crypto
Well, the recent surge in AI-related cryptocurrencies, highlighted by the impressive performances of tokens like CHAOS and SIMMI, reflects the growing influence of artificial intelligence in the crypto space.
With CHAOS seeing a remarkable 69.35% increase and SIMMI rising by 24.01% both in the past 24 hours, the AI-driven sector is gaining momentum.
This trend was further supported by Nvidia’s outstanding third-quarter earnings of $35.1 billion, which have fueled excitement across both the tech and crypto markets.
As a result, the combined market cap of AI tokens has reached a new high of $42.19 billion, with projects like NEAR Protocol, Internet Computer, and Bittensor leading the way, posting impressive double-digit gains.
The continued growth of AI-related cryptocurrencies underscores their increasing importance and potential in reshaping the future of digital assets.
