The AI-driven venture capital fund ai16z saw its market value approach $100 million after receiving likes on the a16z partner post

ChainCatcher news, according to The Block, the AI-driven venture capital fund ai16z on the decentralized investment platform Daos.fun reached a market value of nearly $100 million after receiving a thumbs up from a16z partner Marc Andreessen. The fund was created by developer Shaw and currently holds about $1 million in assets, primarily investing in Degen Spartan AI tokens.

Andreessen wrote in a post: "GAUNTLET THROWN," along with a screenshot of the robot's X account. In another post, Andreessen stated: "Hey, I have that T-shirt," and included a screenshot of the ai16z fund's avatar. Following this, ai16z's market value peaked at $96.6 million, before falling back to around $50 million.

It is reported that the ai16z fund uses an AI model to simulate Andreessen's investment decisions, making investments based on suggestions from DAO members. The weight of investment suggestions depends on the number of tokens held by members and the historical success rate of their recommendations. The fund is set to expire on October 24, 2025, and has already completed verification on the Jupiter exchange and Moonshot platform. The project plans to further reduce human intervention in the future to achieve AI autonomous trading decisions.