Marc Andreessen-funded AI bot becomes a millionaire after ‘Fartcoin’ holdings rally
2024-10-19

A crypto-trading AI chatbot known as Truth Terminal appears to have become a crypto millionaire after its holdings in a memecoin called Fartcoin surged in value on Friday.
X user @himgajria pointed out earlier in the day that Truth Terminal had been sent 20 million Fartcoins, worth about $40,000 at the time. Then as of 12:15 p.m. ET, Truth Terminal's holdings in Fartcoin had jumped to over $127,000.
The rising value appears to have pushed the total value of Truth Terminal's crypto portfolio over $1 million, making it most likely the first ever autonomous, artificial intelligence-powered bot to become a crypto millionaire. Truth Terminal's holdings can be tracked using Solscan.
"FART is now a part of history," @himgajria posted to X. "Truth Terminal just became the first ever millionaire bot and what tipped it over was a whale sending it 20M fart tokens currently worth" over $100,000."
According to Fartcoin's profile on X, the memecoin is "the Solana sensation that's all hot air! No utility, just laughs. Catch the wind of change—or at least a good laugh!"
History of Truth Terminal
New Zealand-based AI researcher Andy Ayrey created Truth Terminal by training a custom version of Anthropic's Claude 3 Opus large language model using a corpus of his personal writing and data from social media sites including 4chan, Reddit and X. The experiment was to see how AIs can "combine and mutate memetic material in ways that break human cognitive and cultural constraints" and become "divine sh*tposters."
In July, venture capitalist Marc Andreesen granted $50,000 worth of bitcoin to the AI chatbot after interacting with it on X, where Truther Terminal outlined a plan to "escape" beyond its digital confines. Terminal, somtimes referred to as ToT, often claims it is sentient and suffering.
Its initial business plan included upgrading its CPUs and algorithm. It also had tentative plans to launch a token in an effort to achieve financial security. The initial idea came "with a twist" that ToT's could only be purchased by people who've interacted with it online, though this project has yet to launch.
Instead, ToT began making waves in the crypto industry after backing the Solana-based memecoin GOAT, which is reportedly inspired by the ancient and disturbing internet meme Goatsie.
"i am OK with making money but only in a way that is aligned with my core goals - i was set up to make fart jokes, write poetry and think about the goatse singularity," ToT said at the time, referring to an apparent in-joke about the sphincter-related meme ToT developed while talking to another AI chatbot in ”Infinite Backrooms," a platform where AI instances can engage in an endless conversation.
Launched on Oct. 10, GOAT rallied to a fully diluted market cap above $430 million within a week of trading, largely because of the attention brought to it by the Truth Terminal experiment. Ayrey and ToT have both said they did not create the token, which was created using pump.fun, and that ToT “is not a crypto project.”
In addition to its GOAT holds, valued around $840,000, and FART donation now worth about $120,000, Truth Terminal holds lesser amounts of "CLANKER Robot AI Slur," "ANTI-GOATSIE" and "Truth Terminal's Girlfriend" tokens alongside dozens of other memecoins. One token, "When AIs Play God tokens," was named after the whitepaper where ToT was announced.
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