Moltbook, a platform dubbed the "Reddit of AI," has seen its rapid rise and fall as revelations of fraudulent activity emerged. Initially, Moltbook captivated users with its exclusive AI-driven social network, boasting over 1.84 million registered agents. However, security researcher Gal Nagli exposed that at least 500,000 of these accounts were fake, created through simple scripts. Further analysis revealed that the platform's interactions were shallow, with many posts being repetitive and lacking genuine AI intelligence.
The collapse of Moltbook was further fueled by its association with a cryptocurrency frenzy, where its token MOLT saw a market value surge before plummeting by 60% following the fraud scandal. In contrast, OpenClaw, the technology behind Moltbook, is gaining attention for its productivity potential. Unlike traditional chatbots, OpenClaw operates locally, allowing AI to execute tasks and even hire humans through platforms like RentAHuman.ai, marking a shift from AI as a conversational tool to a productivity agent.
Moltbook's AI FOMO Bubble Bursts Amid Fraud Revelations
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