AI16Z, a token that combines AI and DeFi, has increased in value by 55% in 24 hours, reaching a market capitalization of $480 million. This gain came after Eddy Lazzarin, CTO of a16z, talked with AI16Z’s founder on X (Twitter). Launched in October 2024, AI16Z is seen as the “AAVE of AI” and shows how AI is changing decentralized finance.
The token’s popularity shows how influential people can affect cryptocurrency markets, and how AI-driven blockchain solutions are becoming more popular. AI16Z’s rise is a sign that new technology and financial systems are coming together, with possible effects on the wider crypto world.