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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 Andreessen, 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 Andreessen 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

Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com

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Guest

Teng Yan, Founder of Chain of Thought
Teng’s article: GOAT: The Gospel of Goatse

Links

Timestamps:

00:00 Intro
01:28 How an AI experiment led to the creation of GOAT
06:16 The rise of “Terminal of Truth” and its unexpected evolution
11:57 How a simple spelling mistake raised skepticism
20:09 What happened to the $50,000 in BTC from Marc Andreessen?
21:06 Whether AI models can have their own wallets
24:17 Whether AI memecoins will surge on other chains
26:19 What’s next for the rise of AI memecoins
28:35 The future of AI and crypto’s intersection
31:39 Who Kamala Harris may consider for SEC Chair
34:12 How one Senate race could boost Elizabeth Warren’s power over crypto
40:33 News Recap

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