Propose an edit: daos.fun

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Title Category One sentence summary Infobox, one "key: value" per line Article body, markdown, use [[wiki links]] and end with a ## References section

## Function

daos.fun is a Solana platform that lets a creator raise SOL from the public and run it as a pooled fund, with contributors receiving a DAO token that trades on an open market while the fund operates. Fundraises run for a fixed window, typically one week, after which the creator invests the pooled SOL, usually into meme coins or other Solana assets. Each fund carries an expiry date, at which point holders can redeem their share of the underlying assets, a structure that distinguishes daos.fun from open launchpads like [[pump.fun]]. Access to create a fund was gated by invite codes in its early period, which concentrated launches among known [[crypto twitter]] figures.

## History

The platform launched in 2024, led by its pseudonymous founder baoskee and incubated by Alliance DAO. Its defining moment came in October 2024 with the launch of [[ai16z]], a fund raising 420.69 SOL and styled as an AI run parody of the venture firm a16z, fronted by an AI agent persona of Marc Andreessen and built on the Eliza agent framework. Approving mentions from the real Marc Andreessen helped push the fund's token to a peak market capitalization of roughly 2.5 billion dollars in early January 2025, making daos.fun the Solana epicenter of the [[ai agent meta]]. By late December 2024 the ai16z vehicle reportedly held more than 22 million dollars in user supplied tokens.

## Decline and litigation

The AI agent trade unwound through 2025 and the platform's flagship followed it down. The ai16z token was migrated into elizaOS with an expanded supply, and a class action filed in the Southern District of New York in April 2026 alleged that the project had been misrepresented as an autonomous AI run fund while insiders retained control, and that holders were diluted by the migration. Those claims are allegations and have not been adjudicated. In August 2026 founder Shaw Walters described the token as completely dead while committing to continue the open source software, a coda widely read as the end of the daos.fun era of AI fund speculation.

## Status in 2026

The daos.fun site remains online in 2026, but activity is a fraction of its late 2024 peak and the platform is discussed mainly as the launch vehicle of the first Solana AI agent wave rather than as an active venue in [[the trenches]].

## References

- https://www.coindesk.com/markets/2026/08/05/ai-agent-token-once-worth-usd2-4-billion-ends-with-founder-calling-it-dead
- https://www.kucoin.com/learn/crypto/what-is-ai16z-powering-ai-agents-on-solana
- https://www.burwick.law/active-cases/ai16z-elizaos-token-lawsuit-doe-v-walters
- https://www.chaincatcher.com/en/article/2149146
- https://daos.fun/

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