BlockBeats news, on November 18, according to Decrypt reports, Ryze Labs and ai16z, the world’s first venture capital institution operated by autonomous AI agents, announced their cooperation to launch the AICombinator program and set up a US$5 million fund to support the development of the ai16z ecosystem.
Selected projects will receive early access to new features of the ai16z Eliza framework. The Eliza framework is a flexible AI tool that can be used to create interactive characters that can connect to Discord and Twitter. It is currently widely used in crypto AI agent development.
Matthew Graham, managing partner of Ryze Labs, said that leveraging AI agents on crypto rails is the most important paradigm shift since the rise of on-chain DeFi in late 2020. Ryze Labs has previously invested in well-known Web3 projects such as Solana, LayerZero, Polygon and Wintermute.