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    Eliza Labs and Stanford Collaborate on AI-Driven Web3 Innovations for Digital Currency Networks

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    Eliza Labs and Stanford University’s Digital Currency Future Project have partnered to explore use of AI in a decentralized internet or Web3. Using Eliza Labs’ AI technology, the research, beginning in 2025, will investigate ways AI bots can operate efficiently and maintain trustworthiness in digital currency networks. The Eliza AI tech forms the basis of ai16z, a decentralized organization that uses the technology for onchain trade and investment decisions. AI-themed virtual coins have amassed more than $3 billion in market cap since October 2024, indicating the potential this combo of AI and blockchain has in reshaping Web3.

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    Eliza Labs, who created ai16z, is teaming up with Stanford University’s Digital Currency Future Project to explore how AI can enhance Web3, a type of Internet that’s decentralised. They announced the partnership on Dec. 16.

    The two will utilise Eliza Labs’ special open-source AI framework, also named Eliza. Their main focus? Finding out how AI bots can build trust, coordinate activities, and make smart decisions within Web3 financial settings, as made known by Eliza Labs.

    Starting in 2025, the research will involve finding new ways for AI bots to build and check trust in digital currency networks, and to understand how these AI bots interact and operate in an economic environment.

    Stanford Professors, Dan Boneh and David Mazières, think this is an exciting opportunity to mold how AI bots will function within virtual economies.

    The Digital Currency Future Initiative is a Stanford University research project that’s all about the technical, legal, economic, and policy related aspects of digital currencies.

    As for the Eliza AI framework, it’s the cornerstone of ai16z, a decentralised organisation that uses Eliza for making decisions on onchain trade and investments.

    Since its launch in October, its native token, AI16Z, has helped snag a $850 million market capitalisation. By Dec. 16, ai16z was holding around $15 million and several projects benefited from Eliza-based AI bots.

    Famous crypto follower 0xMerp mentioned in a Nov. 18 X post that the tech from $ai16z is like what $AAVE was to DeFi summer; essentially, everyone wants to use it. His reference is based on Aave’s key role during 2021’s DeFi bull market run.

    As per CoinGecko, AI-themed virtual coins gathered more than $3 billion in market capitalisation since October 2024. Examples of well-known AI coins include Zerebro (ZEREBRO) and aixbt by Virtuals (AIXBT) – the market cap for these was about $375 million and $250 million, respectively, as of Dec. 16.

    Experts reckon this combo of AI and blockchain tech could forever change Web3 and create a world where independent AI bots freely engage with humans on Web3.

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