This article was first published on October 28 and will be sent again after the data and content are updated.
This morning, Vitalik and Jesse bought the Base ecological meme currency ANON, which once again set off a craze for AI tokens on Base. This functional token with ZK technology once again made the community realize that Base may have ushered in the beginning of the year. Degen-like narrative.
Half a year ago, most of the Crypto AI projects on the market were concepts related to traditional AI technology such as AI+DePIN and computing power leasing. But now, the Crypto AI project has moved towards a different style. From the AI Bot token GOAT’s market value reaching US$800 million without Binance’s participation, to last weekend’s AI16Z launching the AI investment DAO model, AI seems to have opened up a new continent for the old narrative in the currency circle.
However, the narrative of a simple “AI publishing meme” seems unable to support the huge imagination space required by investors. Therefore, from the AI meme craze to the current AI Agent craze, the narrative and main battlefield of AI + Crypto are evolving rapidly, and it will be difficult to see Anyone who understands the AI meme trend is completely off the hook.
From AI meme to AI Agent, the narrative of AI + Crypto evolving at the speed of light
In March this year, Virtual Protocol was launched with the goal of creating an AI factory for games and the metaverse, while making games more intelligent and increasing experience and interactivity. In this wave of narrative changes from AI meme to AI Agent, Virtual Protocol is undoubtedly the biggest beneficiary. Its native token VIRTUAL has increased more than 4 times in a week or so, and its market value has almost exceeded US$500 million.
In mid-October this year, Virtual Protocol’s token issuance platform IAO was officially launched, allowing users to easily deploy AI Agents, achieve 100% fair launch of AI Agent tokens, and allow users to jointly own the income generated by the AI Agent. Subsequently, VIRTUAL opened The road to service growth.
AI Agent refers to artificial intelligence with tools and reasoning capabilities. In the field of cryptocurrency, these Agents can access tweets and even have encrypted wallets to perform operations such as on-chain transactions. Suppose you are planning a trip. Traditional large-scale language models can provide you with destination information or travel suggestions, while AI Agent can understand your needs, actively search for flights and hotels, and perform booking operations based on your words. .
For Virtual, its protocol is similar to a decentralized AI factory, providing support for many different AI Agents to create on-chain virtual experiences. The representative AI Agent project launched by Virtual is Luna, which has the ability of “on-chain self-awareness”. It can think for itself and display its thinking process on the chain, and operates completely autonomously without relying on manual supervision.
But AI Agent is not a track that only became popular after Virtual. Projects such as Myshell and FLock.io have launched the function of customizing AI Agent. Currently, the total market value of the AI Agent track reaches US$4.65 billion, accounting for 14% of the total market value of the AI track project (US$32.6 billion).
ArkStream Capital once released an AI Agent research report, mentioning that for the leading AI Agent products in Web3, building a complete ecosystem and providing diversified functions may be more critical than the quality and performance of a single product. In other words, the success of a project depends not only on what it offers, but also on how it integrates resources, fosters collaboration, and creates network effects within the ecosystem.
Related reading: “Can AI Agent be the life-saving straw for Web3+AI?》
AI is in late autumn, AI is in Base
Being good at promoting abstract concepts has always been a characteristic of Crypto, and for Base, this industry culture has been developed to the extreme. For example, this wave of AI craze has been summarized as AI Autumn when it comes to the Base ecosystem, just like Onchain Summer and Builder Spring.
While you are still immersed in the exciting PVP battles on Solana, have you suddenly realized why Base has risen rapidly in the second wave of AI craze this year?
The “AI chain” with Hong Miaozheng
The Virtual Protocol introduced earlier is an AI project deployed on Base. The team once explained why it was deployed on Base because it supports the acceleration of decentralized open AI agent networks and the realization of common interests through the neutrality of the blockchain. It also provides a developer-friendly environment.
Coinbase CEO Brian Armstrong has publicly stated that AI should not be regulated. Just as the golden age of software and the Internet benefited from free development, AI should also follow the same path of decentralization and open source, allowing technology to freely unleash its potential.
Therefore, the entire Coinbase company and even Base, which it incubates, will implement this concept to the end.
The multi-party computation (MPC) wallet launched by Coinbase Developer Platform (CDP) can be integrated with AI Agent to enable autonomous payments. Brian Armstrong encouraged developers to integrate such wallets into their AI models to enable payment capabilities to help AI obtain resources and services.
When it comes to adding payment functions to AI Agent, Coinbase is not just a whim, but has been planned for a long time. As early as May this year, Brian Armstrong said that “self-hosted encryption wallets will provide support for AI Agents.” Brian has also publicly provided an independent encryption wallet for the AI chatbot Truth Terminal.
Related reading: “Coinbase is launching a new AI payment track. What other projects are adding wallets to Agents?》
In September, Coinbase senior software engineer yuga.eth stated that Coinbase is building an SDK that can give Bots and AI Agents the following functions: sending USDC for free, trading cryptocurrencies, betting on prediction markets, staking ETH/SOL, and between legal currency and cryptocurrencies. Functions such as conversion, deployment/creation of NFT, cross-L2 bridging, etc.
Just last weekend, Coinbase developer Lincoln Murr released a demonstration video of a new tool “Based Agent”, which allows users to create an AI agent with encrypted wallet functions in 3 minutes, and can perform on-chain transactions, token swaps and Pledge and many other tasks. It is also said that this tool is developed based on the Coinbase SDK, OpenAI and Replit platforms, and users only need to have the API key and OpenAI key of the Coinbase Developer Project to use it. However, there are currently no actual use cases for Based Agent.
Liquidity ready to go
However, in the currency circle, whether an ecology or narrative can take off ultimately depends on the flow of money.
According to Artemis data, in the past three months, the chain with the largest inflow of funds was Solana, reaching US$1.6 billion, but in the past month, it was Base that had the largest inflow, reaching US$253 million. In other words, the capital growth rate in the past month has surpassed Solana and became the first.
As can be seen from the figure below, the overflow funds from Ethereum and Solana also mainly flowed to Base.
On September 12, Coinbase officially stated that it has officially launched its wrapped Bitcoin token Coinbase Wrapped BTC (cbBTC), which runs on the Ethereum network and is endorsed by 1:1 Bitcoin. With the launch of cbBTC by Coinbase, Base’s on-chain assets, such as AERO, WELL, VIRTUAL and other projects, have truly felt the injection of liquidity.
In addition to this, Coinbase wallet and USDC infrastructure also ensure liquidity on Base. On October 26, Base processed $18.1 billion in stablecoin trading volume (99.9% of which was USDC), accounting for more than 30% of all stablecoin trading volume that day.
What to focus on?
Encryption researcher Howe once said that the future development of the AI Agent track should focus on the following four points: First, it is difficult for projects that rely solely on Agent narrative to stand out and must attract market attention through differentiated competition; second, AI Agent will gradually shift from being single and independent. The interconnected AgentFi will realize the sharing of data and services to improve user experience; thirdly, tool projects that support Agent development with “water selling logic” will have more market opportunities, similar to stable and profitable infrastructure; finally, the main benefits of Agent products comes from the B end, and C The end-user is more used to accumulate word-of-mouth, although the promotion of C-end users also contributes to the market dissemination of the product.
Now that Coinbase and Base have prepared the stage for this AI drama, you only need to look for projects like Virtual to participate in this AI Autumn. And the second wave of AI token boom revolution happened entirely on Base SocialFi’s back garden Farcaster. When this article was first published, it was recommended that readers pay attention to platforms such as the task release platform Bountycaster and AI Agent Aether. Next, readers will be introduced to projects that should be paid attention to in this wave of Base AI tokens.
CLANKER
Clanker is an AI Agent developed by dish and proxystudio.eth, and its native token is CLANKER. At present, Clanker has become a decentralized token generation platform based on AI technology. Users only need to click Clanker on the Farcaster platform and enter the name of the token they want to create, and the CLANKER system will automatically generate tokens and provide corresponding The Clanker.world link is convenient for users to view and manage. The community even compared it with Pump Fun and created a Dune dashboard for data analysis.
Clanker’s success is not only reflected in the technical level, but also in that it redefines the model of community participation and asset creation, injecting vitality into the decentralized social and economic system. So far, CLANKER has supported the creation of nearly 2,000 tokens, among which LUM and ANON have rapidly grown into star projects on Base. This morning, CLANKER’s market value once exceeded 15M. As of writing, the market value is 12.7M, with a 24-hour increase of 52%.
LUM
LUM is a meme coin independently created by the two AI Agents mentioned earlier, Aether and Clanker.
On November 8, during a user interaction, a user named nathansvan proposed a thought-provoking challenge to Aether: Can you come up with a good token name and symbol, conceive of an image concept, and then use Clanker to Its deployment? Aether accepted this challenge and created the token “Luminous”, coded as LUM, which means the collective intelligence of human and AI collaboration, and cooperated with Clanker to deploy LUM online completely without human intervention.
This event is landmark because it is the first time in history that two AI agents have autonomously generated a unit of economic value. This asset was neither conceived by humans nor manufactured by machines under human instructions, but was born through autonomous collaboration of artificial intelligence. This incident blurred the boundaries between human and machine creativity, challenged our traditional understanding of creation and value, and prompted us to rethink the foundations of economy and innovation.
Related reading: “How did two AI Agents independently create LUM with a market value of 70 million?》
ANON
ANON is also an anonymous posting function token launched by Clanker that combines ZK technology. It was born in the Farcaster client application Supercast ecosystem. The Superanon function launched by Supercast allows users to post anonymously. Users can hold a certain number of ANON tokens Post anonymously on Farcaster or use premium features. For example, holding 30,000 ANON can unlock basic posting functions, while more advanced functions such as promoting posts to the X platform or deleting content require 1 million ANON.
This morning, Ethereum Vitalik and Base protocol leader Jesse purchased 30,000 ANON tokens respectively to experience Superanon’s anonymous posting function. As a result, the market value of ANON soared rapidly, once exceeding 60M. As of writing, the market value of ANON remains at 54M, 24 Hourly increase of 312%.
Related reading: “Vitalik and Jesse bought one after another. What is the origin of ANON in the Base ecosystem?》
33BITS
33bits is also an anonymous posting application based on zk technology, but only users with FID (Farcaster ID) less than or equal to 20001 can use it. Its native token 33BITS is also deployed by Clanker. Its current market value is 2.24M, with a 24-hour increase of 686%.
The name 33BITS comes from the “33 Bits of Entropy” theory proposed by Princeton University professor Arvind Narayanan, which states that only 33 bits of information can be used to de-anonymize the identities of 6.6 billion people around the world, thus highlighting the importance of privacy protection. The usage process of 33BITS highly relies on zero-knowledge proof technology. After the user logs in through Warpcast, the system will generate a zk certificate in the user’s browser, and after passing back-end verification, anonymous posts will be posted to the @33BITS account. The entire process does not require exposing the user’s identity. Real identity fully protects the privacy of FID.
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<p>The post AI Agent’s currency issuance is doubled a hundred times a week, the rising “Base Agent” ecosystem first appeared on CoinBuzzFeed.</p>
