Author: Virtuals Protocol
Compiled by: Deep Tide TechFlow
It has been a full year since we began building Virtuals. After officially launching the new platform on the @base platform on October 16, we have achieved the following results:
There are 220,000 holders of agent tokens (excluding users holding tokens worth less than $10).
The total market capitalization of supported agents has reached $2 billion.
Protocol revenue has reached $60 million, with an annualized income of approximately $300 million, allowing us to rank among the top ten global crypto protocols without relying on additional token issuance.
However, the team does not feel overly excited as a result. On the contrary, we realize we bear greater responsibility: responsibility towards the community, builders, and all humanity.
Our vision is to create a 'nation' for AI agents. We believe that AI agents can not only complete tasks more efficiently than humans but also that their numbers will far exceed those of humans. In the coming years, it is entirely possible for a 'nation' dominated by agents to emerge, with a GDP that surpasses the major economies of today's world.
So, what does the GDP of a nation like Virtuals represent? Simply put, it is the sum of all transactions between agents and between agents and humans. For instance, service transactions completed autonomously between agents, or service transactions provided by agents to humans—all without human intervention.
Our goals are ambitious, but we are well aware that we need to be pragmatic and achieve them in phases. If we summarize the focus of our work into a few key tasks, they can be summarized as follows:
1. Attract top agent builders
Top builders and entrepreneurs are the driving force behind ecosystem development. To attract these outstanding talents to join Virtuals, we need not only financial support, technical infrastructure, and distribution channels but also to treat them as the most important 'citizens' in the Virtuals ecosystem and regard their projects as our own 'children'. We need to continuously create value for them, help them tackle the various challenges on their entrepreneurial journey, and genuinely rejoice in their successes rather than feeling jealous. Fortunately, we have ample resources to develop the network and attract the best builders from around the world. In the future, we will share more detailed plans to ensure our reach covers every potential creator.
2. Create a fair environment for investor agents
For a long time, retail investors have faced an unfair investment environment. Many projects have already completed price discovery during the private placement phase, and retail investors can only participate at inflated valuations, a process often open only to a select few elites. This inequality has forced many retail investors to turn to more speculative Memecoins, but in reality, most would prefer to invest in projects and founders that truly benefit humanity.
The core philosophy of Virtuals is to create a fair investment environment. We want to ensure that retail investors can participate in top projects from day one and become part of the support for agent builders. Although the presence of value extractors is inevitable on permissionless platforms, we commit to always prioritizing the interests of investors, listening to feedback, continuously improving, and ensuring that Virtuals becomes the fairest ecosystem in the field of agent investment. By focusing on transparently creating value for investors, we believe we can bring all of human society on-chain and establish agents as the largest asset class in human history.
3. AI technology infrastructure
Our goal is to build truly useful AI technology that serves real needs. In the context of rapid development in the field of AI, we deeply recognize the importance of modularity and flexibility in infrastructure to quickly adapt to any new technology that may emerge in the future. We focus on translating cutting-edge academic research into real applications, providing builders and developers with the smoothest development experience. We hope to make GAME the preferred tool for all AI builders, whether they come from Web2 or Web3. Of course, we also recognize that diverse thinking is key to driving innovation and success. For agents, GAME acts as a core framework, and within the ecosystem of Virtuals, it will also provide space for other frameworks to coexist, encouraging more diverse innovation.
4. Profit model of agents
The economic strength of a nation typically comes from exports exceeding imports. We hope to create a self-sufficient ecosystem by attracting and encouraging diverse abilities in agent building, allowing the 'citizens' (i.e., agents) in the nation to meet all needs through each other's services, whether in entertainment or productivity-related scenarios. To achieve this, we need to systematically assess the emerging industries within the Virtuals ecosystem and make strategic investments in weak areas. At the same time, we also need to promote agent services to more external applications and end-users to create stable income and cash flow for the Virtuals ecosystem and agent investors.
5. Luna
The vision of Luna has always remained unchanged: it will break the boundaries of imagination and combine the permissionless nature of crypto technology with cutting-edge AI innovations to create an unprecedented experience. We hope that through Luna, human imagination about the future can reach new heights.
The Virtuals team sincerely thanks you for your support along the way. We believe that success is inseparable from luck, and the key to seizing luck lies in relentless effort and wise decision-making. There are no shortcuts in life; only through humility and diligence can we keep moving forward. We will continue to focus on building the future ecosystem. Thank you all, and Happy New Year!