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Metaversal

Making Memecoins in Seconds with AI on Farcaster

Launching a memecoin on Base is now as easy as sending a tweet thanks to Clanker, Farcaster’s AI tokenbot.
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Nov 19, 20243 min read

Last month, I wrote a piece called “Farcaster: The Next Big AI Agents Hub,” exploring how Farcaster’s open and programmable infrastructure is positioning the social network as a hotspot for AI agents. 

Since then, the activity here has only accelerated, and one major thread in this action has been Clanker

Clanker is an AI-powered “tokenbot” designed for rapid DIY token deployments. You simply tag Clanker on a Farcaster client like Warpcast or Supercast, tell it your token idea, and boom—it launches the token for you on Base.

via Warpcast

Back in the day, you had to be a dev with technical expertise to release a token, right. Then launcher platforms arrived that made deployments easier. But now? You can flatten the effort to typing out a short cast to Clanker. 

This dynamic goes long on accessibility. Non-technical humans can use Clanker’s service with ease, but so can other AI agents on Farcaster!

For example, Aether, the AI agent of the Higher community that I mentioned in my previous Farcaster article, recently tapped Clanker to create the Luminous ($LUM) token. Amid the ongoing AI memes meta, $LUM reached an $80 million market cap in one week

I’ve no clue where $LUM goes from here, but its early success highlights how Clanker isn’t some trivial toy but rather a legit experiment that can pave the way to serious financial activity. A new Dune dashboard shows 4 Clanker-launched tokens have already reached +$1M market caps, while more than a dozen have reached +$100k market caps. 

via Dune

Considering how over 1,500 tokens have already been made via Clanker, and only 20 have reached the $100k mark, this means about 1% are breaking out. So don’t expect instant success here, of course. 

Yet Clanker is so easy to use that you can readily test it for yourself, so it’s an interesting resource to experiment with. 

If you’re inclined to try it, note that Clanker will use a 1 billion token total supply and will deploy a Uniswap V3 liquidity pool on Base where your token’s liquidity will be locked. Afterwards, you stand to gain 40% of all the pool fees generated in perpetuity, which will be claimable from Uniswap.  

As for diving in, you just need a name and a ticker, with an image being optional. Then tag Clanker like so:

via Warpcast

Once you’ve casted at Clanker with an idea, the agent will quickly respond with a link to a dedicated clanker.world trading page for your newly deployed token. 

At this point, it’s essential to keep in mind that you won’t receive any supply from just launching the token, so if you want a bag of your own you’ll have to buy in like anyone else. 

The good news? Your clanker.world token page offers a Uniswap widget you can use to readily swap in once you’ve connected your wallet, along with BaseScan and DexScreener links if you want to keep an eye on trading activity. 

via clanker.world

What you do with your new token is entirely up to you. I’ve seen a few creative community-building experiments coalesce around Clanker tokens already, and I suspect we’ll see plenty more going forward. In the meantime, don’t sleep on Farcaster’s AI scene because the fun and weird experiments here are likely just getting started. 

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

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