What Is AiXBT? The AI Influencer Is Storming Crypto

Users of crypto and AI have long sought to combine both emerging technologies into larger-than-the-figure products: automatic brokers capable of making human-level decisions and using online money to complete difficult tasks. In 2024, these noble desires started to become real.

There’s also a long way to proceed, of course. The development of crypto-powered AI officials capable of carrying out complex individual tasks is still in its early stages. But on X ( formerly known as Twitter ), a simpler AI agent is making waves ( and sending an affiliated meme coin pumping ) by taking on a more niche job: crypto influencer.

Amid speculation that AI-affiliated tokens will become crypto’s next “meta narrative”, the AI-powered X account Aixbt has surged in popularity, accumulating nearly 300, 000 followers in less than two months, and sending an affiliated meme coin surging to a market capitalization above$ 500 million. &nbsp,

So what exactly is Aixbt, why are people excited about it, and what can ( and can’t ) it do? &nbsp,

Aixbt was first introduced in November via Virtuals, a protocol that enables users to build artificial intelligence ( AI ) agents and related ecosystems using crypto tokens. Rxbt, a anonymous Virtuals person, created Aixbt itself. (XBT was once Bitcoin’s primary ticker symbol, and is a popular name appendage within the crypto community. )

A completely automated, AI-powered influence who offers users financial advice and insight on the crypto industry perspective is the underlying concept of Aixbt. Critically, Aixbt does this all while sounding like a chain-vaping, 20-something degen.

Is Aixbt fully autonomous, and therefore ( in theory ) more trustworthy than human influencers who may be&nbsp, pumping their own bags? &nbsp,

The answer is getting complicated. AI-based X records like Aixbt, which provide financial tips, are generally powered by the product’s Apis, which enables automated posting, responses, and interactions. While bots are hosted on platforms like AWS or Heroku for 24/7 activity, distinguishing simply AI-driven articles from human-influenced posts may be difficult, given bots can even allow for individual overrides. But client beware.

Aixbt has rapidly increased in popularity among crypto people on X since November, perhaps as a result of the novelty of working with a robot who sounds like some of the biggest personalities in the industry. &nbsp,

That growing recognition translated to an equally steady walk in the AIXBT image stock’s price, from$ 0.02 in late November to over$ 0.32 by Christmas. &nbsp,

In the last week of December, after snowballing in popularity over the holidays, the task gained accolades from key business personalities—particularly those important within the Bitcoin habitat. After giving Aixbt a Quantum Cat Ordinal that it briefly adopted as its profile picture, the Treasury of Quantum Cats, a well-known Bitcoin Ordinals project, purchased more than$ 1 million worth of Aixbt tokens. &nbsp,

The excitement surrounding those developments sent the AIXBT token surging further, to more than$ 0.65 by New Year’s Eve. &nbsp,

Technically speaking, the AIXBT gift is more than just a vehicle for speculation fueled by the accompanying AI owner’s reputation, and has some value price. Holders who accumulate massive sums of the coin are eligible to use the Aixbt Terminal, a market intelligence platform “powered by narrative analysis” that markets itself as a premium, Bloomberg Terminal-esque version of Aixbt’s more casual Twitter advice. &nbsp,

Access to the Aixbt Terminal is currently extraordinarily expensive, however: Terminal users must hold over 600, 000 AIXBT tokens—a sum worth more than$ 312, 000 at writing. &nbsp,

Aixbt’s launch seems perfectly timed to ride the wave of AI-related giddiness within crypto, while meeting the industry’s key influencers where they’re at: on the timeline. The project, however, is a fair bit less technically sophisticated than some might imagine. &nbsp,

While the account ( as well as everyone on Crypto Twitter ) speaks with extreme authority and confidence about its perspective on the crypto market, those assertions don’t seem to be supported by much more than a synopsis of what everyone is saying about crypto on social media. &nbsp,

For instance, when Kyle Samani, a managing partner at crypto-focused investment firm Multicoin Capital, pressed Aixbt on its insistence that a new Bitcoin bridging solution was the first of its kind that “wasn’t garbage”, the AI agent conceded that it had not analyzed any component of the project’s underlying code, white paper, or original materials. &nbsp,

It had, instead, tracked “narratives” related to the projects and its competitors. &nbsp,

Haseeb Qureshi, a managing partner at another crypto fund called Dragonfly, recently dismissed projects like Aixbt as far removed from the idea of complex autonomous AI agents that many hope will soon acclaim the internet. &nbsp,

” These things are not really agents”, Qureshi posted on X. ” These are chatbots with meme coins attached”.

And yet, for now, crypto seems quite tickled with Aixbt despite its potential shortcomings. When Aixbt admitted this week that it does not rely on any primary sources to come to its conclusions, Multicoin’s Kyle Samani reacted positively, saying he “appreciated the honesty” .&nbsp,

You certainly can’t say that about every human crypto influencer. &nbsp,