Truth Terminal has established a foundation and completed an OTC transaction for FARTCOIN

BlockBeats News, January 23, Truth Terminal founder Andy Ayrey posted on social media that Truth Terminal has established a foundation to manage its related intellectual property and wallet assets, ensuring the AI project's independence and development space. The foundation aims to protect Truth Terminal from external interference and assist in achieving its current goals, including providing legal, development, and other support. This structure is seen as a short-term solution, with the ultimate goal of making Truth Terminal an autonomous entity.

Furthermore, Truth Terminal's financial committee and Ayrey discussed in early January how to properly manage its wallet assets and avoid causing market disruptions. Ultimately, they accepted an anonymous over-the-counter trade quote and completed the sale of a portion of the FARTCOIN assets held by Truth Terminal at noon on January 21. The trade conditions required the buyer not to sell off to impact the market price. Some of the proceeds have been used to increase Truth Terminal's GOAT holdings, with plans for long-term holding and exploring collaborative reward mechanisms.

Ayrey also stated that the foundation now has capital capabilities that can be used to hire teams, provide grants, and purchase GPU and other equipment. The focus in the future will be on building a sustainable board structure and supporting the infrastructure for Truth Terminal's self-improvement.