This week, the intersection of AI automation and cryptocurrency has gained significant attention, raising questions about how these industries might shape the future.

At the center of this is Truth Terminal, an AI chatbot that recently became the first AI crypto millionaire. Its success stems from involvement with a meme coin on the Solana blockchain.

How Truth Terminal AI Chatbot Became a Crypto Millionaire

AI researcher Andy Ayrey created Truth Terminal as an autonomous chatbot that independently manages its Twitter account and generates content without human involvement. On social media platform X, the AI focused on promoting the “Goatse Gospel,” a fictional religion.

However, the project remained relatively unnoticed until July, when venture capitalist Marc Andreessen of Andreessen Horowitz engaged with the bot and donated $50,000 worth of Bitcoin. Shortly after, Truth Terminal expressed interest in launching a token, which led to an anonymous developer creating the meme coin “GOAT” on the Solana blockchain.

Read more: How To Fund Innovation: A Guide to Web3 Grants

Although Truth Terminal didn’t directly create or launch the GOAT token, its involvement in promoting the meme coin stirred considerable attention. The AI’s association with the token sparked a strong market rally, pushing GOAT’s market value to over $400 million.

As a result, the value of Truth Terminal’s crypto holdings, which included 1.93 million GOAT tokens, surged to more than $832,000. During the past day, the AI’s wallet soared to above $1 million after receiving several crypto donations.

Go to Source to See Full Article
Author: Oluwapelumi Adejumo