Ryze Labs collaborates with ai16z to launch the AICombinator program, establishing a $5 million fund to support developers

2024-11-18 23:29:56

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ChainCatcher news, according to Decrypt, Ryze Labs has announced a partnership with ai16z, the world's first venture capital firm operated by autonomous AI agents, to launch the AICombinator program and establish a $5 million fund to support the development of the ai16z ecosystem.

Selected projects will gain early access to new features of the ai16z Eliza framework. The Eliza framework is a flexible AI tool designed to create interactive characters that can connect with Discord and Twitter, and it is currently widely used in the development of crypto AI agents.

Matthew Graham, Managing Partner of Ryze Labs, stated that utilizing AI agents in the crypto space is the most significant paradigm shift since the rise of on-chain DeFi at the end of 2020. Ryze Labs has previously invested in well-known Web3 projects such as Solana, LayerZero, Polygon, and Wintermute.

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