Picture an artificial intelligence performing tasks for you, which learns from your behaviors and perhaps even generates an income.
Well, that's the future made possible by Virtuals Protocol, which is a cutting-edge platform built on the principle of combining power artificial intelligence and flexibility blockchain can offer.
So what is Virtuals Protocol and how does it work?
Virtuals Protocol, as expected, lets you create, own, and monetize artificial intelligence agents. Such agents, customizable and autonomous, can do almost everything, from creating creative content to managing investment portfolios.
We can break down the operation into 3 steps:
- Creation: through an intuitive interface, even without technical skills, you can create your own customized AI agent.
- Tokenization: every AI agent becomes an ERC-20 token, an unique and divisible digital asset.
- Monetization: the agents are allowed to earn money, and this money goes to the pockets of the token owners.
Concrete example: you have created a specialized AI image artist. More people get attracted by your AI as its work becomes more in demand, so are sold, raising the price for the token it is connected with, bringing in passive income for you.
The native token importance
The $VIRTUAL token is the fuel that powers the Virtuals Protocol ecosystem and is used for:
- Staking: Participate in validating transactions and earn rewards.
- Tokenization of AI agents: each agent is tied to a certain number of $VIRTUAL tokens.
- Payment for transactions: is used to pay for the services offered by the AI agents.
- The LUNA agent (has nothing to do with Terra Luna): this is an AI agent that operates 24/7 live streaming entities capable of answering users' questions thanks to LLMs.
- Number of agents: by January 2025, there are well over 220 AI agents, including AIXBT, the largest AI agent on the protocol, which tracks discussions within the crypto community on X, using a proprietary engine to analyze conversations and provide actionable market insights.
Huge potential, as the platform has already shown the capability to revolutionize the way we interact with AI. We should expect the number of agents to grow (from simple virtual assistants and financial advisors), integrations with other projects (such as collaborations with other blockchains to expand the ecosystem) and even the use of AI agents in sectors such as gaming, finance, and perhaps art.
In summary, as of the writing of this, the native token $VIRTUAL
has a market cap of around $ 2.6 billion, ranked at 56th place, and has a growth in the last year of more than 27800%.
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