TL;DR
- ACT I launches a $1 million fund for AI-based meme projects, with the first beneficiary being Dolos AI, which received $50,000.
- The company has created an Innovation Center to support AI meme creators and developers, offering resources and visibility.
- ACT I views AI memes as key tools to transform abstract ideas of decentralized AI into practical applications.
ACT I has launched a $1 million innovation fund to support the development of projects related to AI-based memes.
This fund aims to drive creativity and innovation within the memecoin sector, connecting decentralized AI concepts with practical applications. The goal is to use the power of memes as a driving force for advancements in the tech industry. The first beneficiary of this fund is Dolos AI, which received an initial grant of $50,000.
ACT Innovation Hub: Empowering the Future of AI and Memes
As the collaborative symbol for the AI and meme ecosystem, ACT I has already successfully supported groundbreaking projects like @dolos_diary and independent AI researchers.Announcing $1,000,000 Innovation Fund… pic.twitter.com/OCmz1Wejeb
— Act I : The AI Prophecy (@ACTICOMMUNITY) November 26, 2024
Recently, ACT I gained significant visibility after being listed on Binance Spot, becoming the first memecoin from the pump.fun platform to achieve such recognition. This development could transform the AI memecoin ecosystem, positioning ACT I as a key player in this field.
ACT I Creates an Innovation Center
ACT I has established an innovation center to support AI meme creators and developers. This center will provide technical resources, visibility on the platform through “Demo Days” (events where projects will present their progress), and online workshops designed to inspire and educate participants. Through this space, collaboration and co-creation of innovative concepts that could contribute to the future of decentralized artificial intelligence (DeAI) will be encouraged.
The fund’s approach is clear: it seeks innovative concepts that are oriented towards solving problems within the DeAI ecosystem. ACT I does not control how approved projects are developed nor does it promote token commercialization, allowing developers to follow their own visions with the necessary support to carry out their ideas.
ACT I sees AI memecoins as a “wormhole” that can transform abstract ideas of decentralized AI into real, useful applications. The project is committed to fostering greater collaboration within the DeAI community. Inviting researchers and developers to join the initiative and expand the boundaries of what is possible
