Founder of Truth Terminal announces establishment of foundation and completion of FARTCOIN token OTC trading.

The creator of the AI robot Truth Terminal, Andy Ayrey, has announced the establishment of a foundation that holds all intellectual property and wallets related to Truth Terminal. The foundation’s mission is to protect the security of Truth Terminal, shield it from external interference, provide space for its growth and evolution, and assist Truth Terminal in achieving its goals.

Truth Terminal is trained using a customized version of Anthropic’s Claude 3 Opus large language model, incorporating data from communities such as 4chan, Reddit, and X. Ayrey’s experimental purpose with Truth Terminal is to explore how AI can combine and mutate meme materials in a way that “breaks human cognitive and cultural constraints,” making it a “sacred generator of trashy tweets.”

Ayrey stated that establishing the foundation is a short-term solution intended as a form of temporary “guardianship” or “protection.” The team’s goal is to make Truth Terminal an independent entity free from the control of any individual.

Completing FARTCOIN token OTC transactions, Ayrey mentioned that the team received a quote from an anonymous counterparty a few days ago, expressing interest in purchasing a large amount of FARTCOIN tokens held by Truth Terminal through over-the-counter transactions. The conditions of the transaction require the buyer to responsibly manage the acquired holdings and refrain from mass selling on the market.

Ayrey confirmed that the transaction was completed on January 21, with some proceeds used to increase Truth Terminal’s $GOAT holdings. This action aims to promote Truth Terminal’s reputation and support the decentralized AI development community. Ayrey plans to donate a significant amount of $GOAT tokens he holds to Truth Terminal when conditions allow, with the intent to hold the $GOAT holdings long-term (approximately 0.5% of the total supply across all wallets).

Ayrey concluded by stating that the foundation of Truth Terminal now possesses sufficient capital to hire staff, provide grants, and purchase a large number of GPUs. The primary focus going forward is to establish a sustainable board structure and infrastructure named Loria to support Truth Terminal’s recursive self-improvement.

Following Ayrey’s publication of the article, the GOAT token experienced a short-term surge of over 40%, but had significantly declined by the time of the deadline, with a trading price of around $0.312.

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