Virtuals
Protocol Tokens
on Base Skyrocket as AI Agent Demand Grows
Virtuals Protocol Tokens on Base Skyrocket as AI Agent Demand Grows
Virtuals, a protocol for tokenized AI agents on Ethereum layer-2 Base, saw its
token blast into the top 100 this week on surging demand.
By Jason Nelson
Nov 30, 2024 Nov 30, 2024
4 min read
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The value of the Virtuals Protocol ecosystem surged by 28% over the last day,
bringing the total market capitalization of the Base blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн tokens to $1.9
billion, according to CoinGecko .
The native token of the Virtuals Protocol, VIRTUAL, is currently trading at
$1.38—up nearly 29% in the last 24 hours and 161% over the last week.
It's set an all-time high in the process, bounding into the top 100
cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта by market cap.
What’s driving the sudden interest in Virtuals? Demand for AI agents , or
AI-powered autonomous programs designed to perform tasks on their own and
mimic how humans would handle a specific situation. These agents can
understand their environment, make decisions, and take action to achieve their
goals.
The rise in interest in AI agents is the latest in the blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн industry’s
pivot to artificial intelligence technology and tokenization. And amid recent
demand for crypto tokens tied to AI agents and ecosystems, Virtuals is the
latest big winner.
Are you keeping an eye on the @virtuals_io Protocol Ecosystem coin category?
ð
Its market cap soared by 50.4% today, reaching $1.78B, as $VIRTUAL surpassed a
$1B market cap yesterday.
Check it out ➡️ https://t.co/KC5yoepZW3 pic.twitter.com• Коммуникации » Интернет-коммуникации » Интернет-сообщество » Социальные сети » Х (Twitter)/v0EbkmxCR5
— CoinGecko (@coingecko) November 29, 2024
Launched in January on Base, Coinbase’s Ethereum layer-2 scaling network,
Virtuals Protocol is a launchpad and marketplace for gaming and entertainment
AI agents that was co-founded in 2021 by Jansen Teng, Weekee Tiew, and Wei
Xiong as PathDAO, before relaunching as Virtuals Protocol.
Virtuals Protocol launched its VIRTUAL token after a 1-for-1 swap of its PATH
token in December, and says its goal is to enable as many people as possible
to participate in the ownership of AI agents.
It allows developers to build AI agents with six core functionalities: posting
to X (formerly known as Twitter• Коммуникации » Интернет-коммуникации » Интернет-сообщество » Социальные сети » Х (Twitter)), Telegram chatting, livestreaming, meme
generation, "Sentient AI," and music creation. These agents are compatible
with platforms like Roblox, utilizing Virtuals Protocol’s Generative
Autonomous Multimodal Entities (GAME) engine.
In terms of their use with cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта and digital assets, according to
Virtuals Protocol, AI agents are able to facilitate transactions without their
owner needing to give it a command once launched.
Other AI agent tokens within the Virtuals Protocol ecosystem also saw
significant gains on Friday. Aixbt by Virtuals ( AIXBT ) rose 23.8% to $0.21,
followed by Luna by Virtuals ( LUNA ), which increased 9.4% over the same
period, reaching $0.08. Meanwhile, VaderAI by Virtuals ( VADER ) increased
78.9% over the same period, reaching $0.05.
All of those tokens have more than doubled in price this week.
Virtuals bills itself as an AI x metaverse Protocol that is building the
future of virtual interactions. The tokens play unique roles in their
respective ecosystems and reward users for staking them. For example, AIXBT
offers AI-driven insights from X, real-time project data, and staking
benefits. $VADER powers VaderAI with rewards, access to its DAO , and
exclusive AI monetization tools. Meanwhile, the LUNA token provides staking
options and promises future rewards for its holders.
What are AI agents?
Outside of blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн, several big names in the AI industry are leading the
push into developing AI agents, including OpenAI, Google• Объект организация » Организации по алфавиту » Организации на Go » Google (компания), Anthropic, and
Amazon Web Services• Информационные технологии » Облачные вычисления » Amazon Web Services
• Объект организация » Организации по алфавиту » Организации на Am » Amazon Web Services. In 2023, the AI Agent market was valued at $3.86 billion,
according to a report by market research firm Grand View Research. That number
is expected to rise 45% by 2023.
“If I was betting my career on one thing right now, it would be AI agents.
Literally a trillion dollar market up for grabs,” entrepreneur and venture
capitalist Greg Isenberg said on X. “We're headed to a world where AI
agents replace entire workflows.”
But why the sudden interest in AI agents in crypto? According to investor and
entrepreneur Markus Jun , the rise of interest in AI agents in the blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
space is a natural progression in an industry where markets are open 24/7 with
no downtime.
“As a general trend, I think agentic AI is extremely hotly anticipated,” Jun
told Decrypt . “The reason why crypto agentic AI makes so much sense is that
autonomous agents can use crypto and on-chain data and Twitter• Коммуникации » Интернет-коммуникации » Интернет-сообщество » Социальные сети » Х (Twitter) at the protocol
level, natively.”
The same would not be possible with traditional financial tools, Jun said,
adding that handling a currency native to the internet• Телекоммуникации и связь » Компьютерная сеть » Интернет gives AI agents an edge
in facilitating transactions for their users.
“Crypto is internet• Телекоммуникации и связь » Компьютерная сеть » Интернет money, and the agent's ability to send money to
anyone on the internet• Телекоммуникации и связь » Компьютерная сеть » Интернет opens up a lot of interesting possibilities that
wouldn't be the same as an agent using a bank account API,” he added.
Edited by Andrew Hayward
Generally Intelligent Newsletter
A weekly AI journey• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Искусственный интеллект » Технологии искусственного интеллекта
• Информационные технологии » Искусственный интеллект » Технологии искусственного интеллекта
• Высокие технологии » Информационные технологии и телекоммуникации » Искусственный интеллект » Технологии искусственного интеллекта
• Технологии » Технологии искусственного интеллекта narrated by Gen, a generative AI model.
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