BASE firmly does not plan to issue a native token, focusing on ecosystem construction
In the rapidly evolving cryptocurrency ecosystem, BASE, as Coinbase's Ethereum Layer 2 network, once again clarified its strategic position on November 30: it does not currently consider issuing a native token. BASE founder and Coinbase protocol head Jesse Pollak made a detailed statement on social media platform X, emphasizing that all efforts will be concentrated on building a decentralized application (dApp) ecosystem. Pollak candidly stated, 'Currently, we do not have plans to issue a BASE network token. We are focused on construction and hope to solve practical problems that can help developers better build applications.'
Image source: X BASE founder and Coinbase protocol head Jesse Pollak once again emphasized that BASE has no token plans and will focus on ecosystem development
This statement not only reaffirms BASE's development strategy but also showcases its cautious attitude towards the long-term development of the ecosystem. Pollak further emphasized BASE's three core advantages: open-source, open standards, and open markets. He believes that these qualities can foster faster technological innovation and create a more vibrant ecosystem for developers. As an open platform, BASE not only welcomes developers but also encourages them to boldly experiment and innovate.
Pollak also encourages potential developers: 'Build, and we will eventually be rewarded!'
The Virtuals ecosystem's astonishing surge, with AI agents leading the market boom
Although BASE does not currently issue a native token, the Virtuals ecosystem built on its blockchain shows impressive market performance. According to the latest data from CoinGecko, the total market capitalization of the Virtuals protocol ecosystem briefly climbed to $1.9 billion (as of the time of writing, it has fallen back to $1.27 billion), and its native token $VIRTUAL has risen nearly 124.5% in the past week. This data not only attracted widespread market attention but also highlighted the immense potential of the AI agent industry.
Image source: CoinGecko Basic information on Virtuals tokens
As an AI agent ecosystem focused on the gaming and entertainment industry, the Virtuals protocol is tokenizing AI functionalities through blockchain technology. These AI agents exhibit astonishing diversity and autonomy, capable of posting content on social media, conducting instant messaging on Telegram, generating memes, live streaming, composing music, and even operating autonomously on platforms like Roblox.
Within the Virtuals protocol ecosystem, the performance of its AI agent tokens is equally exciting. Last week, Aixbt ($AIXBT) surged 261.7% to $0.1647, Luna ($LUNA) rose 38% to $0.06286, while VaderAI ($VADER) astonished investors with a 337.1% leap to $0.02347. Each token achieved varying degrees of doubling growth within a week (current token prices have all receded), fully reflecting the market's strong interest in the Virtuals protocol and its AI-driven products.
The AI agent market has a broad outlook, with experts predicting it will disrupt traditional work models.
Regarding the future development of AI agents, well-known entrepreneur and venture capitalist Greg Isenberg holds an extremely optimistic attitude. He boldly predicts that the AI agent market is expected to rapidly develop into a trillion-dollar market. Isenberg believes that with the continuous advancement of AI technology, many human workflows will gradually be replaced by efficient and intelligent AI agents.
This prediction is not a fantasy. Since its establishment in 2021 (originally named PathDAO and rebranded this January), the Virtuals protocol has been committed to democratizing AI ownership and actively expanding AI application scenarios. Through blockchain technology, the protocol is redefining the business model of AI agents, creating unprecedented opportunities for investors and developers.
In summary, BASE's strategy of insisting on not issuing a native token and focusing on ecosystem construction, along with the remarkable growth potential exhibited by the Virtuals ecosystem, together outline a new blueprint for the integration of cryptocurrency and AI technology. This is not only a story of technological innovation but also a forward-looking narrative about how future business ecosystems will be restructured.
[Disclaimer] The market carries risks; investment requires caution. This article does not constitute investment advice, and users should consider whether any opinions, views, or conclusions herein align with their specific circumstances. Investing based on this is at one's own risk.
'BASE reiterates no token issuance! The ecosystem project Virtuals is still exploding, with a weekly surge of over 100%' This article was first published in 'Crypto City'
