What is ELIZA?

Before understanding MTK, we can first understand what ELIZA is. ELIZA is created by ai16z partner Shaw(@shawmakesmagic）launch, it denied the lowercase eliza's ownership of ai16z, details can be found in the article《A guide to understanding ELIZA: the capitalization debate of AI Agent MEMEIn short, ELIZA is an AI framework created by Shaw.

What is MTK?

Image: ELIZA's github code screenshot

In ELIZA's github, we can see its description says 'tokenMetadata: {name: 'MyToken', symbol: 'MTK',description: 'My first token'}', which means MTK is the first token launched by the ELIZA framework (in the testing phase). After the code was discovered by someone, MTK was launched on the pump.fun platform and quickly gained attention from the community. Everyone believes that MTK is the first token launched by the ELIZA framework, not MIST token.

What is MIST?

Before MTK was discovered, MIST was considered the first token fully launched by AI agents, created and deployed without any human input using AI16z technology. The inspiration for the token comes from the character Kasumi Alpha-152 in Dead or Alive Dimensions.

MTK Market Performance

After experiencing its initial hype and surge in price, MTK has fallen by about 30 times in a month, with a current market value of approximately $230k (as of January 3, 2025, the time of writing). The reason is that MTK itself is a token launched in the testing phase and is not official, and there is no subsequent hot event support. The MIST token has also fallen by more than 30 times from its peak. AI AGENT, a purely MEME token, tends to experience a rapid decline in market value after a decline in popularity, so users need to be cautious and trade with care when investing.

The chart shows the market performance of Xiaz (MIST) tokens, both of which are based on the concept of 'first token by eliza'.

Summary

MTK is the first token launched by the ELIZA framework during the testing phase, and it is an important part of the AI16Z project. Its historical significance and technological significance cannot be ignored. Although MTK's market performance has experienced rapid ups and downs, it marks the innovative attempt of ELIZA and AI agent technology in the blockchain field. In contrast, MIST has always been considered a more formal token, but the discovery of MTK has sparked more discussions and attention on AI tokens. For investors, whether it is MTK or MIST, these AI MEME tokens have significant volatility and risks, so caution is needed when investing.

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