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The two-week-old GOAT memecoin, which hit a market cap of almost $880 million on Thursday, is captivating everyone in crypto. Not because this is memecoin szn, but because its rise was fueled by an AI called Truth Terminal, which is itself a baby of two other AI models.

Teng Yan, founder of Chain of Thought, joins Unchained to break down how this unexpected AI creation has turned into a phenomenon, why it has captured the attention of the crypto world, and what the future holds for AI-driven tokens.

At the end, Laura also discusses with Unchained’s regulatory reporter Veronica Irwin two interesting and important news stories: who Kamala Harris is vetting for SEC chair and how one Senate race could inadvertently give Senator Elizabeth Warren more power over crypto.

Show highlights:

  • How an AI experiment unexpectedly led to the creation of GOAT and sparked interest in AI-generated subcultures
  • How “Terminal of Truth” evolved its own personality, gained attention from Marc Andreesseen, and began posting about a new “Goat Sea gospel” religion
  • How the spelling mistake sparked skepticism about the AI model
  • What happened with the $50,000 in BTC that Marc Andreesseen gave to Truth Terminal
  • Whether an AI can have its own wallet and what the implications are
  • Whether AI memecoins could start surging on other chains
  • What we can expect in terms of the proliferation of AI memecoins
  • What the future looks like for the intersection of crypto and AI
  • Who Kamala Harris is considering for SEC Chair if she wins the U.S. election
  • Why one Senate race could give Elizabeth Warren more power over crypto

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EPISODE TRANSCRIPT

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