Jessy, Jinse Finance

After nearly a week of decline in the crypto market, some strong coins have also experienced a certain degree of rebound on the eve of Christmas. For example, the AI Agent project Virtuals Protocol in the Base ecosystem achieved a nearly 20% increase in 24 hours, with its market capitalization once again surpassing 3 billion USD. It seems that the overall market decline is unrelated to it.

Not only has the Virtuals token grown, but the tokens within its ecosystem have also seen a general increase. According to Coingecko, the overall market capitalization of Virtuals Protocol ecosystem tokens has risen by approximately 35% in the past 24 hours.

Virtuals Protocol is an AI Agent launch platform for games and entertainment, set to launch on Base in January 2024. Its main product function is to serve as a launchpad for AI Agents, allowing anyone to easily deploy AI entities, similar to how Pump.fun serves as a launchpad for memecoins. Benefiting from its token launch capability similar to Pump.fun, it has become a shovel-like presence within the Base ecosystem. Coupled with the surge in on-chain traffic in recent months, its token price has seen repeated increases.

At present, what specific stage has the project's ecosystem developed to? Besides Virtuals, what other projects in the ecosystem are worth paying attention to?

Reasons for the success of the Virtuals project

Virtuals is an officially publicly supported project on the Base chain, with Base providing some technical and marketing support. Currently, the entire traffic of Base is primarily on Virtuals, which can be said to be shouldering the responsibility of challenging Solana single-handedly.

The project chose to launch on the Base chain, which itself has not released any tokens. As a popular project on Base, Virtuals undoubtedly inherits a large amount of public investment enthusiasm for the Base chain itself. Additionally, the design of its product also has significant characteristics and advantages.

First of all, the project undoubtedly hit the trend of combining AI Agents with cryptocurrency tokens in its pursuit of hot topics. Represented by Goat, the AI Meme has sparked a wave of AI Agent tokens. A week after Goat went online, Virtuals launched its AI Agent token Luna. Earlier in 2023, the team behind Virtuals, originally focused on gaming guilds, made a bold pivot to become an AI Agent platform after recognizing the immense potential demonstrated by AI technology leading by ChatGPT. Their keen grasp of industry trends and hot topics, along with strong execution capabilities, is an important reason for the project's success.

The Virtuals project addresses the complexity of applying AI Agents to consumer applications, offering a plug-and-play solution similar to Shopify, making it easy to deploy AI agents for gaming and consumer applications.

In terms of economic model design, the project adopts a co-ownership model, transforming the AI Agent body into a community asset. Users can invest and co-own AI-based virtual assets such as AI companions and virtual influencers, and participate in the governance and revenue distribution of the agents. This model encourages shared responsibility and community ownership, distributing benefits to all participants and enhancing user engagement and loyalty.

What other projects in the Virtuals ecosystem are worth paying attention to?

In the past 24 hours, the top eight tokens in the Virtuals ecosystem have seen increases (data source: Coingecko)

GAME

Developed by the Virtuals team, its core positioning is to provide developers with an efficient and open framework, making the development and deployment of AI Agents as simple as building a website with WordPress. Through the Virtuals Protocol, developers can not only quickly build and deploy agents but also achieve tokenization through IAO (Initial Agent Offering).

Specifically, we can understand Game as the 'brain' of the vast majority of AI Agents in the Virtuals ecosystem, powering 95% of the AI Agents on the platform. It is the key factor that allows these agents to rise rapidly and demonstrate strong capabilities. It can be said that it is the core engine driving the continuous development and evolution of the entire Virtuals ecosystem, promoting the growth of various AI Agents and related projects within the ecosystem.

Just as Shopify provides infrastructure support for e-commerce, GAME provides the foundational framework for the creation and participation of autonomous agents in the Virtuals ecosystem. It addresses the infrastructure issues, allowing developers to focus on creating more differentiated agent functionalities.

Currently, the market capitalization of the project’s token is 235 million USD, with a nearly 20% increase in 24 hours.

Luna

The AI virtual beings launched by Virtuals Protocol integrate AI models with multimodal technology, allowing for 24/7 real-time interaction in the form of virtual idols on live streaming platforms. They act like characters in IP, providing users with a richer and more immersive experience. They can automatically manage social media accounts; for instance, if hired by Story Protocol, they would take over the official Twitter account of Story Protocol and post tweets as required. Additionally, Luna can autonomously execute on-chain transactions, independently organize activities like graffiti challenges, and pay prizes from its wallet. It can also delegate other AI Agents for content creation, such as commissioning artistic AI Agent STIX to create images depicting AI KOLs at a price of 1 USD per image. All of this demonstrates its capabilities in content creation and collaboration with other AIs.

Currently, the market capitalization of the project’s token is 133 million USD, with a nearly 41% increase in 24 hours.

VaderAI

Its goal is to enhance the autonomy of AI Agents, enabling them to perform various complex tasks. From autonomous hedge funds to the monetization of KOL accounts, VaderAI has proposed six application directions, covering areas such as on-chain arbitrage, game NPC guilds, and customer support.

Taking investment as an example, VaderAI plans to open multiple Investment DAOs, each managed by an AI Agent responsible for investment management. These AI Agents provide professional support and guidance for the investment activities of the Investment DAOs based on their data analysis, market insights, and decision-making capabilities, and will share 20% of the investment returns with VaderAI. Currently, the related modules of VaderAI's Investment DAO have not yet been fully implemented, and no actual investment purchasing operations have taken place.

Currently, the market capitalization of the project’s token is 6.2 million USD, with a nearly 30% increase in 24 hours.

Sekoia

Full name is Strategic Ecosystem Knowledge and Opportunity Investment Agent, meaning strategic ecological knowledge and opportunity investment agency. It aims to innovate traditional venture capital models through AI technology, becoming the ecosystem fund for Virtuals, promoting the growth of the AI ecosystem, and realizing the concept of 'AI investing in AI'. It is based on a large number of small investments and uses an efficient evaluation engine for behavioral data analysis. Projects can automatically execute investment transactions through multi-dimensional information collection and smart contracts.

Currently, the market capitalization of the project’s token is 33 million USD, with a nearly 5.7% increase in 24 hours.

Aixbt

AI Agent aims to analyze hot topics and trends in the cryptocurrency market through artificial intelligence, providing users with accurate market trend predictions and sentiment analysis, helping users quickly seize market changes and potential investment opportunities.

It utilizes AI Agent technology to integrate real-time data from over 400 KOLs and social media, and through its proprietary engine, it conducts in-depth mining and analysis of this data to extract valuable market information and trend predictions for investors.

Currently, the market capitalization of the project’s token is 330 million USD, with a nearly 8% increase in 24 hours.