$GOAT BlockBeats News, on January 23, Truth Terminal founder Andy Ayrey posted on social media stating that Truth Terminal has established a foundation to manage its related intellectual property and wallet assets, ensuring the independence and development space of the AI project. The goal of the foundation is to protect Truth Terminal from external interference and assist it in achieving its current objectives, including providing legal, development, and other support. This structure is viewed as a short-term solution, with the ultimate goal of making Truth Terminal an autonomous entity.
Additionally, Truth Terminal's finance committee and Ayrey discussed in early January how to properly manage its wallet assets and avoid impacting the token market. Ultimately, they accepted an anonymous over-the-counter trading offer and completed the sale of part of the FARTCOIN assets held by Truth Terminal on January 21 at noon. The terms of the transaction required the buyer not to sell in a way that would affect market prices. Part of the proceeds has been used to increase Truth Terminal's GOAT holdings, with plans to hold long-term and explore cooperative reward mechanisms.
Ayrey also stated that the foundation has the capital capacity to hire teams, provide grants, and purchase GPUs and other equipment. In the future, the focus will be on building a sustainable council structure and supporting the infrastructure for Truth Terminal's self-improvement.