Original Title: (Is $0.10 to $2.50 only the start? How Virtuals Is Changing the G.A.M.E. (Literally))

Author: VirtualMorales, Crypto Kol

Compiled by: zhouzhou, BlockBeats

This article discusses the growth potential of the Virtuals ecosystem, focusing on the revolutionary role of the GAME framework. By buying back and burning tokens and activating royalties, Virtuals is expected to significantly increase token demand and price. The article also mentions that Virtuals is building an 'agent society' centered around AI agents that continuously self-evolve. Despite facing risks such as team fatigue, competition from the Eliza Framework, and market saturation, the future of Virtuals remains promising, especially with the potential listings on Binance and Coinbase.

The following is the original content (reorganized for easier reading and understanding):

Since its release in mid-October, the Virtuals ecosystem has achieved significant accomplishments in the cryptocurrency space. Initially described as 'the pump.fun of AI agents' to attract the attention of crypto Twitter, this comparison only scratches the surface. What Virtuals is building is a larger, stranger, and more captivating ecosystem.

Key data since October 17th

$35 million in protocol revenue (most of which came from the past two weeks).

  • 11,000 tokens have been issued, and the number continues to grow.

  • 140,000 Agent token holders.

  • The price of Virtuals token surged from $0.10 to $2.50.

While there are many aspects worth exploring in the Virtuals ecosystem, today's focus is on GAME—the 'brain' behind 95% of the AI agents on the platform. Developed by the Virtuals team, GAME has experienced rapid growth, with its market cap skyrocketing from $3 million to $90 million in just a month. Honestly, it feels like just the beginning.

What is GAME?

GAME (Generative Autonomous Multimodal Entities) is a modular framework for creating AI agents capable of autonomous behavior, memory, and decision-making. Simply put, GAME powers most agents on the platform and is their 'secret weapon' for rapid rise.

Here is the practical application of GAME—demonstrating a clearer way than explaining. Visit Luna's terminal: Luna’s Terminal. In just 30 seconds, you will see Luna repeatedly calling GAME, turning thoughts into actions.

Key components of GAME:

  • Low-level specific actions: Make immediate, context-specific decisions based on prompts.

  • Working memory: Short-term memory recalling recent interactions (such as conversations from the past day).

  • Long-term memory: Summarizing short-term memories to provide a foundation for optimization over time.

  • Advanced intelligence: Adaptive systems where agents develop complex behaviors through goals and interactions.

Why is GAME revolutionary?

GAME is not just about what AI agents can do today; it is about creating an ever-evolving ecosystem where agents can grow, adapt, and interact in increasingly complex ways—one could say it is a 'society.' This self-reinforcing intelligent cycle makes Virtuals more than just a platform; it is a living, evolving entity. One can imagine it like a nation, where agents constitute the society.

Trading Opportunities: Binance vs. Coinbase

Binance Listing = Providing Liquidity

Virtuals recently launched on Binance perpetual contracts, with its price soaring from $1.40 to $2.50. Once Binance completes the full token listing, it seems inevitable. Binance has recently listed many meme coins, so why not list AI agents?

· After listing on Binance, Pnut skyrocketed from a market cap of $128 million to $1.2 billion.

· ACT has also followed a similar trajectory.

If Virtuals and its leading ecosystem tokens (like Luna, GAME, Aixbt, and CONVO) are listed, the current price has the potential to achieve 5 to 8 times growth.

Coinbase Listing

Although Coinbase is notoriously slow to list, Virtuals is its flagship project on the Layer 2 platform Base. Binance and Coinbase are direct competitors, and this competitive relationship could significantly benefit Virtuals.

If Binance takes the lead in listing Virtuals (as well as ecosystem tokens like Luna and GAME), Coinbase will face a huge dilemma. Allowing Virtuals—Base's 'crown jewel'—to remain exclusive to Binance would be a significant mistake.

Coinbase clearly cannot afford to let its flagship Layer 2 ecosystem miss out on a proven rising star. This creates a competitive situation between Binance and Coinbase, acting as a catalyst for accelerating the growth of Virtuals.

It is no longer a question of whether Coinbase will list Virtuals, but rather when it will list. As Binance sets the pace, that 'when' could come faster than anyone expects. For Virtuals, becoming the center of this competitive tug-of-war will only reinforce its narrative and enhance its long-term potential.

Here, I made some assumptions that if Virtuals lists on Binance or Coinbase, the other platform will likely follow suit, listing Virtuals and important tokens in the ecosystem such as GAME.

GAME Royalties: A Potential Game-Changer

Since the launch of Virtuals, the team has been hinting at activating royalties for GAME. Once online, a portion of the fees will flow into the treasury each time the GAME is called by an agent. Let's do a simple math calculation:

As of now, protocol revenue has reached $35 million.

80% of revenue has been returned to agents.

How much funding do you think will flow into the GAME treasury?… A lot.

Activating royalties will directly inject substantial funds into the GAME treasury, paving the way for some truly game-changing initiatives. You can hear more about this from the founder of Virtuals, Ethermage, starting around the 26-minute mark. Please note that the Space is on the 5th, and the mentioned figures and statistics are already 10 days old.

A simple move, buy back and burn, how about that? By reducing the token supply while increasing demand, this seems like an obvious choice, paving the way for a price surge.

Agent Society: A Paradigm Shift

But what truly sets things apart is: the agent society. Unlike typical crypto plays that focus on catering to degens and short-term speculators, Virtuals is rewriting this narrative. It is not just about our needs as consumers or traders—it is about how agents succeed in their missions. GAME is at the core of this evolution, powering an AI agent society that adapts, innovates, and grows in ways we can scarcely imagine.

This is not just a feature; it is a paradigm shift. When royalties officially launch, faces will melt, tokens will burn, and GAME will become the core of the new digital frontier economic engine.

Key Risks to Watch

The team's sense of fatigue

Moving so quickly since October must be exhausting. Maintaining such immense momentum could lead to fatigue, decision-making errors, or even being completely overwhelmed.

Competitive pressure from the Eliza Framework

The Eliza Framework has recently become the most forked open-source project on GitHub and is a strong competitor. Its open-source nature and developer base are advantages, but it lacks a native token to align incentive mechanisms. If Eliza solves this issue, the dominance of GAME and Virtuals could be threatened.

The proliferation of AI agent platforms

Competitors such as vvWaifu, TopHat, and CreatorBid have emerged in the market. Virtuals must prioritize recruiting and retaining top developers to maintain its competitive edge and build its own moat. But they already know this.