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News

ACT Launches $1M AI Meme Fund For Creative Meme Ideas

November 27, 2024 - Around 2 mins mins to read

Key Points:

  • Act I launches a $1 million innovation fund with a community-focused development approach⁠for AI meme projects.
  • The first grant of $50,000 was awarded to Dolos, an AI language model built on Llama 3.1⁠.
Act I launched an AI meme fund with $1M for DeAI projects and awarded $50K to Dolos AI. Recently listed on Binance Spot, ACT aims to bridge theoretical concepts with real applications.
ACT Launches $1M AI Meme Fund For Creative Meme Ideas
ACT Launches $1M AI Meme Fund For Creative Meme Ideas: Illustration

Act I: The AI Prophecy established a $1 million innovation fund dedicated to developing and incubating AI meme projects. The fund aims to transform decentralized AI concepts through creative community engagement.

Innovation Hub Features

Key Features of the Innovation Hub:

  • Direct community grants
  • Technical development support
  • Platform visibility through Demo Days
  • Regular online innovation workshops

So far, the inaugural grant of $50,000 has been awarded to the Dolos, an advanced AI language model based on the Llama 3.1 architecture, fine-tuned to capture the essence of mischief, cunning, and digital chaos.

ACT Launches $1M AI Meme Fund For Creative Meme Ideas
Home Screenshot: Dolos Website

According to the tweet, Act I views AI memes as a critical “wormhole” connecting theoretical DeAI concepts to tangible realities.

Read more: Solana Meme Coin Dogwifhat Is Now Available For Trading On Robinhood

Criteria to Apply The AI Meme Fund

Project Selection Criteria:

  • Core-driven AI meme concepts
  • Innovative and engaging approaches
  • Creative solutions in decentralized AI space

Exclusions:

  • No token promotion
  • No specific solution endorsements
  • No direct project control

Launched in October 2024 on pump.fun, Act I represents an AI agent project capable of posting on X (Twitter) and engaging with community members. ACT, the associated meme coin, seeks to amplify interaction and community attention around The AI Prophecy’s digital presence.

A significant milestone occurred on November 11, 2024, when ACT became the first meme coin on pump.fun to secure a Binance Spot listing, marking a notable achievement in the AI meme ecosystem.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Act I: The AI Prophecy

ACT Meme Fund

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Author

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.