The funds raised will be dedicated to building the Inori network launched by the team.
Written by: Deep Tide TechFlow
As the wind of AI agents blows towards the Base ecosystem, projects in the same track on Solana are experiencing a downturn:
The trading activity of Pump.fun has declined, most AI meme valuations have retreated, and the market is waiting for the next breakthrough; as more AI agents are rapidly deployed, the attention of funds is also gradually being diluted.
After the intermission, the market's perception and gameplay of these memes have also changed - pure air AI memes seem less favored, while projects supported by technology and resources show more resilience, not bleeding too much during the downturn.
Therefore, looking for relatively low to medium market cap projects with potential and external support may be a good choice.
Today (December 4), the old AI meme on Solana, AVB (Autonomous Virtual Beings), has completed a $1.5 million financing round led by PTC Ventures and a16z crypto CSX (crypto venture capital accelerator).
The funds raised will be dedicated to building the Inori network launched by the team. It is reported to be a decentralized network focused on building AI infrastructure.
From playing VC coins to memes, and then to playing memes backed by real AI technology... in a gradually competitive market, we are also seeing a new play style emerging: memes are more like a front-end mascot that condenses community consensus, while the backend showcases projects in demonstrating build outputs, seeking more endorsements and support.
The gameplay is somewhat of a change in form but not in essence, but data doesn't lie; the market is clearly buying into this approach:
The related token $AVB has risen 30% in the last 24 hours, and the overall market cap has even stabilized and increased, currently around 43M.
If you still don't understand the movements of AVB and the company behind it, here is a compilation of information regarding the aforementioned financing and technology to help you quickly understand the connections between AVB, Scrypted, and the Inori Network.
Scrypted and Inori: From game development to AI agent autonomy
Although AVB is essentially a meme coin, it is associated with a company that has a legitimate AI business - Scrypted.
Scrypted was founded in 2022 as a technology company focused on game development. The founding team comes from top gaming studios such as EA and Square Enix and has rich experience in game development and system architecture.
You might wonder, how does a gaming company start getting into AI? In fact, that's the interesting part, as games have always been a great testing ground for AI training, such as Stanford University's AI agents influencing each other in Stanford Town, and various research teams testing different AI agent behaviors using Minecraft.
The Scrypted team has discovered a fundamental challenge in traditional game development in projects like (EVE Online: Frontier), (Downstream), and (Chibi Clash Kingdoms): how to make AI characters in games behave more intelligently and naturally.
To address this issue, the team has gradually developed the ArtemisML technology stack, which has now evolved into an open-source toolkit and plans to integrate with mainstream agent frameworks, greatly accelerating the development and management of AI gaming experiences.
This system not only solves the problem of game AI but also unexpectedly shows potential in a broader range of AI application scenarios:
The development of AI agents is facing challenges similar to those of early game development - how to enable AI to make autonomous decisions in complex environments? How to ensure the credibility of these decisions? How to efficiently manage the operational resources of large-scale AI agents?
These reflections ultimately gave birth to the Inori network.
The vision of Inori (derived from the Japanese word 'pray') is to create a decentralized infrastructure that supports the autonomous operation of AI agents. This may sound a bit abstract; a more colloquial understanding is:
Traditional AI services resemble constrained robots, relying on centralized platforms to schedule resources.
In the Inori network, AI agents are like independent 'digital lives', capable of managing their own computing resources, storage space, and even engaging in economic activities.
To achieve this vision, the Inori network proposes two core technological changes:
Byzantine Risk Tolerance (BRT) Consensus Mechanism
The consensus mechanism of traditional blockchains essentially addresses the question of 'who keeps the accounts'; whereas BRT aims to solve the issue of 'how to verify AI decisions', ensuring that AI behaviors in the network indeed stem from algorithmic decisions rather than human manipulation through a series of mathematical proofs and game-theory designs.
Commit-Reveal Pairwise Comparisons (CRPC) Protocol
This is a specially designed decision verification protocol that uses 'pairwise comparisons' to break down complex AI decisions into a series of simple binary comparisons. Through the 'commit-reveal' mechanism, it ensures fairness and transparency in the verification process while significantly reducing the computational costs of verification.
In fact, what these statements mean is to establish an environment that allows AI agents to make autonomous decisions while ensuring that those decisions are made by them and that these decisions can be verified.
Therefore, you can understand it as building a blockchain network specifically for AI agents, where AI agents generate transactions (decisions), and the blockchain records and verifies these transactions.
So, what's the relationship with $AVB?
At this point, you may be wondering: this Inori network sounds impressive, but what does it have to do with AVB, this meme coin?
Let's first clarify this relationship chain:
AVB (full name Autonomous Virtual Beings) is indeed a meme coin, but it is now 'claimed' by the company Scrypted. Using the term 'claimed' may not be entirely accurate, as neither Scrypted nor its founder Tim holds any AVB tokens.
"Why not hold?"
This question has been asked many times in the community. Tim's response on X a few days ago was quite interesting: when he took over the community, he promised not to personally hold any tokens to avoid any suspicion of manipulation. Although this decision is often questioned as 'having no vested interest', it has proven to be the wisest choice - having no vested interest has allowed the team to focus more on building rather than constantly thinking about how to pump the price.
So what can AVB actually do?
For now, it is just an 'emotion tracker', a community-driven meme that tracks the confidence of the community in this project. However, with the launch of the Inori network, the applications of AVB will gradually expand:
Firstly, there will be some interaction with AI agents in the short term. For example, the autonomous trading wallet (@chad_onchain) that is already under development, as well as some trading games, will prioritize support for AVB.
More importantly, when the Inori network goes live, AVB holders may gain some unique rights. For example, they might receive discounts when using Inori's services, and if regulations permit, they may also receive airdrops of Inori network tokens (Tim's post revealed that the specific airdrop ratio has not been determined but is said to be around 10%).
If we look at these uses alone, the ecological tokens of AVB and other projects seem no different. But there are a few points worth noting:
Related Scrypted is a mature company team that has received VC investment.
The team chooses not to hold tokens at all and manages potential future tokens through a foundation and trust.
The project does not conduct presales or private placements, and AVB is already a community token that has been CTOed.
These factors may explain why, while most Solana AI memes are going downhill, AVB has maintained a stable state.
Of course, investment should always be approached with caution regarding risks. But at least from the current perspective, AVB seems to be evolving from a pure meme to a 'substantially supported community token'.
Web4, the next narrative for AI memes?
If you had to say what is different about the narrative of this type of token this round, perhaps a concept you are familiar with but not so familiar with is being discussed on crypto Twitter: Web4 (Read-Write-Own-Act).
From a technological evolution perspective, the process from Web1 to Web3 is essentially an iteration of interaction modes in the digital world: read (Read), read-write (Read-Write), to read-write-own (Read-Write-Own).
The 'Act' paradigm proposed by Web4 introduces autonomous behavior into this framework for the first time - this highly overlaps with the current development direction of AI agents and clarifies the direction of intelligence.
It is worth noting that the market has already begun to respond to this narrative. Several projects focusing on AI agents have recently gained significant attention, and their token valuations have risen accordingly. This trend reflects the warming expectations of the market for the integration of AI and blockchain technology.
As more projects begin to layout in this direction, we may be witnessing the formation of a cryptographic narrative driven by AI agents.
