What happened?
Eliza Labs has launched a new platform called auto.fun, which allows users to create, deploy, and monetize AI agents without needing any coding skills. This platform enables users to automate various complex Web3 operations like yield farming, social media management, and trading strategies through AI agents. Auto.fun plans to offer no-code agent builders starting with social media bots that will evolve into fully-featured agents with plugins and API integrations.
Who does this affect?
This launch is significant for individuals and businesses wanting to engage with the crypto and Web3 space but lack coding expertise. It benefits developers, creators, and even casual users who wish to access, manage, and deploy AI agents efficiently. Additionally, projects partnering with auto.fun, such as FightFi, Kryptonite, and more, are involved in creating and launching new agents and tokens on the platform.
Why does this matter?
The introduction of auto.fun is set to significantly impact the market by democratizing access to AI and crypto technologies through no-code tools. It aims to make token launches fairer and more transparent, reducing common risks such as price volatility and pump-and-dump schemes through innovative features like bonding curve mechanisms and liquidity NFTs. These developments could improve trust and accessibility in the crypto world, attracting more participants to the market.