With the rapid development of AI Agents, AI tokens in the Base ecosystem such as VIRTUAL and CLANKER have garnered widespread attention, showcasing new opportunities and challenges in the crypto market. This craze has propelled VIRTUAL to break historical highs, and CLANKER's market capitalization has exceeded 100 million USD, while its deployment token error has further sustained market enthusiasm for the Base ecosystem. (Background: The seven major research and applications of AI Agents) (Supplementary background: Conversation with ai16z founder: Why AI memes will become a huge track?) On the 26th, the Base AI series tokens welcomed gratifying attention and growth, with VIRTUAL breaking historical highs and CLANKER's market cap surpassing 100M USD, while the emergence of BUG has continued the market's focus on the Base ecosystem since last week's ANON. A Farcaster user wanted to issue a Christmas concept coin named 'SantaClanker', but the token name deployed by Clanker turned into BUG, marking the first deployment error of a top AI Agent on Base. Due to the Christmas concept and the AI's error, the meme attributes of BUG were quickly recognized, with its market cap briefly surpassing 5 million. As of the time of writing, BUG's market cap is 4.31 million, with a 24-hour increase of 10,053%. Last week, Vitalik and Jesse bought into the Base ecosystem meme coin ANON one after another, reigniting the AI token frenzy on Base, and this functional token with ZK technology once again made the community realize that Base might be welcoming a narrative akin to the Degen of early this year. Six months ago, most Crypto AI projects in the market were still concepts related to traditional AI technologies like AI+DePIN and computing power leasing, but now, Crypto AI projects have moved towards a different style. From AI Bot token GOAT, which surged to a market cap of 800 million USD without Binance's participation, to AI16Z launching the AI investment DAO model last weekend, AI seems to have opened a new continent for the old narratives in the crypto space. However, the simple narrative of 'AI issuing memes' seems insufficient to sustain the vast imaginative space investors need, thus transitioning from the AI meme craze to the current AI Agent craze, the narrative and main battleground of AI + Crypto are rapidly evolving, leaving those who cannot understand the AI meme trend behind. From AI memes to AI Agents, the light-speed evolution of the AI + Crypto narrative In March this year, Virtual Protocol launched, aiming to create an AI factory for games and the metaverse, making games smarter and enhancing the experience and interaction. In this wave of narrative transition from AI memes to AI Agents, Virtual Protocol is undoubtedly the biggest beneficiary, with its native token VIRTUAL increasing by over 4 times in about a week, and its market cap nearly breaking 500 million USD. In mid-October this year, the token issuance platform IAO under Virtual Protocol officially launched, allowing users to easily deploy AI Agents and achieve 100% fair launches of AI Agent tokens, as well as enabling users to jointly own the revenue generated by the AI Agent. Subsequently, VIRTUAL embarked on a path of growth. AI Agents refer to artificial intelligence that possesses tools and reasoning capabilities. In the cryptocurrency space, these Agents can access tweets and even have cryptocurrency wallets to perform on-chain transactions. Suppose you are planning a trip; traditional large language models can provide you with destination information or travel suggestions, while AI Agents can understand your needs and proactively search for flights and hotels based on your input, executing booking operations. For Virtual, its protocol acts like a decentralized AI factory, supporting many different AI Agents and creating virtual on-chain experiences. The AI Agent representative project launched by Virtual is Luna, which has the ability of 'on-chain self-awareness', capable of self-thinking, showcasing its thought process on-chain, and operating completely autonomously without reliance on human supervision. However, AI Agents did not just become popular after Virtual; projects like Myshell and FLock.io had previously launched the function of customized AI Agents. Currently, the total market cap of the AI Agent sector reaches 4.65 billion USD, accounting for 14% of the total market cap (32.6 billion USD) of AI sector projects. ArkStream Capital released a research report on AI Agents, mentioning that for top 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, facilitates collaboration, and creates network effects within the ecosystem. AI in late autumn, AI in Base The characteristic of Crypto has always been the ability to promote abstract concepts, and for Base, this industry culture has been taken to the extreme. For instance, this wave of AI frenzy has been summarized in the Base ecosystem as AI Autumn, just like the previous Onchain Summer and Builder Spring. When you are still immersed in the exciting PVP battles on Solana, do you suddenly realize why Base has rapidly risen during this second wave of AI frenzy this year? The 'AI Chain' of the Red Root Seed The Virtual Protocol introduced earlier is indeed an AI project deployed on Base. The team explained why they chose to deploy on Base, stating that it supports accelerating the realization of a decentralized open AI agent network, achieving common benefits through the neutrality of blockchain, while providing 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 to unleash its potential freely. Therefore, the entire Coinbase company and its incubated Base fully implement this concept. The Multi-Party Computation (MPC) wallet launched by the Coinbase Developer Platform (CDP) can be integrated with AI Agents to enable autonomous payments. Brian Armstrong encourages developers to integrate this type of wallet into their AI models to achieve payment capabilities, thus helping AI access resources and services. Regarding AI Agents...