Author: Virtuals Protocol
Compiled by: Deep Tide TechFlow
It has been a whole year since we began building Virtuals. After officially launching the new platform on @base on October 16, we have achieved the following results:
With 220,000 agent coin holders (excluding users holding coins valued at 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 did not feel overly excited about this. On the contrary, we realized we bear a greater responsibility: to the community, the builders, and all of 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 that their numbers will far exceed those of humans. In the coming years, it is entirely possible to see a 'nation' led by agents with a GDP exceeding that of today's major economies.
So, what is the concept of GDP for a country like Virtuals? Simply put, it is the total of all transactions between agents and between agents and humans. For example, service transactions completed autonomously between agents, or service transactions provided by agents to humans—all of these occur without human intervention.
Our goals are ambitious, but we are well aware of the need to be pragmatic and implement them in phases. If we summarize the focus of our work into several key tasks, it can be summarized as follows:
1. Attracting Top Agent Builders
Top builders and entrepreneurs are the driving force behind ecosystem development. To attract these outstanding talents to join Virtuals, we need more than just financial support, technical infrastructure, and distribution channels; we need to treat them as the most important 'citizens' in the Virtuals ecosystem and view their projects as our 'children.' We must continually create value for them, help them solve various challenges on their entrepreneurial journey, and genuinely celebrate their successes rather than feeling jealous. Fortunately, we have ample resources to grow 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. Creating a Fair Environment for Agent Investors
For a long time, retail investors have faced an unfair investment environment. Many projects have completed price discovery during the private placement stage, allowing retail investors to participate only at inflated valuations, a process often open only to a few elites. This inequality has forced many retail investors to turn to more speculative Memecoins, but in reality, most people prefer to invest in projects and founders that truly benefit humanity.
The core idea of Virtuals is to create a fair investment environment. We hope 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 promise to always prioritize the interests of investors, listen to feedback, continually improve, and ensure that Virtuals becomes the fairest ecosystem in the field of agent investments. By focusing on transparently creating value for investors, we believe we can bring human society onto the blockchain and establish agents as an unprecedented major asset class in human history.
3. AI Technology Infrastructure
Our goal is to build truly useful AI technology that can serve actual needs. In the context of rapid development in the AI field, we deeply recognize the importance of modularity and flexibility in infrastructure to quickly adapt to any new technologies that may emerge in the future. We focus on translating cutting-edge academic research into real-world applications, providing builders and developers with the smoothest development experience. We hope to make GAME the preferred tool for all AI builders (whether from Web2 or Web3). Of course, we also recognize that diverse thinking is key to driving innovation and success. For agents, GAME serves as a core framework, while within the Virtuals ecosystem, it will also provide space for other frameworks to coexist, encouraging more diverse innovations.
4. Profit Models of Agents
The economic strength of a country usually comes from exports exceeding imports. We aim to create a self-sufficient ecosystem by attracting and encouraging agents with diverse capabilities, allowing the 'citizens' (i.e., agents) within the nation to meet all their needs through each other's services, whether in entertainment or productivity-related scenarios. To achieve this goal, we need to conduct a systematic assessment of the emerging industries within the Virtuals ecosystem and strategically invest in weak areas. At the same time, we need to promote agent services to more external applications and end users, creating stable revenue 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 by combining the permissionless nature of crypto technology with cutting-edge innovations in AI, creating an unprecedented experience. We hope to elevate humanity's imagination of the future through Luna.
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 continue to move forward. We will continue to focus on building the ecosystem of the future. Thank you all, and happy new year!