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That New Sports Betting Guy You Like May Be An (AI) Agent

AI agents, the new "digital workforce," are poised to redefine talent in the crypto space, says Jennifer Murphy of Runa Digital Assets.

Robot
(Alex Knight/Unsplash)

It’s Thursday, Jan. 16 and sports betting influencer Liam (@bets_liam) has just reviewed the latest “NFL Divisional Round Bets” from The Favorites Podcast, an NFL sports betting show with 70,000+ subscribers.

Liam takes to X and tweets his reactions:

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Liam takes to X twitter

The twist? He’s an AI agent powered by Memetica.ai, a no code AI agent consumer platform built by the team at Qstar Labs.

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AI agents are materially different from chatbots and ChatGPT. Agents use large language models as a foundation but add new information like real time data, news, and specialized knowledge. They can also bring memory, logic, and the ability to iterate and carry out a plan. Agents can, for example, monitor consumer products news, social media and buying data to summarize key trends and post them in a blog. They can learn from feedback to improve engagement. This means agents like Liam can act on their own and evolve.

AI agents represent such a material extension of AI capabilities that they have recently become a dominant narrative in crypto.

It all started in July 2024 when Marc Andreessen, co-founder of venture capital firm Andreessen Horowitz (a16z), gifted a quirky, X-happy AI agent called Terminal of Truths $50,000 worth of bitcoin as a research grant. Terminal of Truths, basking in Andreessen’s attention, began shilling its favorite memecoins on X, driving one token to over $300 million in market cap in a matter of days.

What happened next demonstrates crypto’s power to draw in capital and talent at lightning speed.

In October 2024, AI agent platform Virtuals launched on Coinbase’s Base protocol, allowing users to quickly create unique agents with specialized capabilities, personalities, and tradeable tokens. Now, more than 15,000 agents with tokens have been created. The most successful is a crypto research agent named aixbt, which has 400,000 followers on X and a token with a market capitalization of $650 million.

That same month, veteran developer Shaw introduced an AI agent framework called ElizaOS. Using Eliza, he launched agent ai16z (a tongue in cheek reference to Andresseen’s firm), an investment DAO (decentralized autonomous organization) touted as the “first AI hedge fund.” By the end of 2024, the ai16z token’s market capitalization had grown to over $1 billion despite having assets under management of a little over $25 million.

So, where to from here? Nvidia CEO Jensen Huang recently described AI agents as “a digital workforce” and predicted “...the IT department of every company is going to be the HR department of AI agents in the future.” In Multicoin Capital’s Frontier Ideas for 2025, managing director Kyle Samani envisions “Zero-Employee Companies” staffed entirely by AI agents and governed by DAOs.

But perhaps the most tangible vision comes from the ElizaOS team, which just announced a humanoid robot based on ai16z’s Eliza mascot, a “state-of-the-art personal companion (that) seamlessly integrates AI, blockchain technology, and advanced robotics.”

I’d say this AI Agent has legs.

AI agent legs

As of January 22, 2025, accounts managed by the author’s firm held positions in the Virtuals token; this is subject to change at any time.

Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.

Jennifer Murphy

Jennifer Murphy is the founder and CEO of Runa Digital Assets. She brings over 30 years of experience in asset management, including a practical focus over the past 5 years on the enormous potential for blockchain and digital assets. As part of her prior role as Chief Operating Officer of Western Asset Management, a global investment firm with $475+ Billion in AUM, Ms. Murphy sponsored the firm’s research and development of blockchain-based applications and other innovation initiatives, such as the Western team’s purchase of the first fixed income security issued on blockchain infrastructure in 2018. Before Western, Jennifer worked at Legg Mason as Chief Administrative Officer and as President and CEO of Legg Mason Capital Management, the investment firm founded by legendary investor Bill Miller. Jennifer began her career as a securities analyst and is a Chartered Financial Analyst (CFA). She has an MBA from the Wharton School at the University of Pennsylvania and a BA in Economics from Brown University. She serves on Brown’s Presidential Advisory Council on Economics.

Jennifer Murphy