Author: William M. Peaster, Senior Writer at Bankless; Translator: Jinse Finance xiaozou
Virtuals Protocol is an AI agent publishing platform built on Base. The project recently completed the Base deployment and released their first flagship agent, Luna, which has gained a large number of fans on social media and live-streamed its "thoughts" online.
The excitement surrounding these new releases has made Virtuals one of the top choices for many Base adventurers, with LUNA and VIRTUAL performing the best among all AI tokens in the past week.
The interest in the AI Meme coin space is obvious now, but what exactly is this protocol all about?
1、How the Virtuals Protocol Works
The purpose of the Virtuals Protocol is to deploy tokenized AI agents across various entertainment and gaming applications and to enable common ownership of these agents.
These AI agents are designed to be autonomous agents that are able to plan and achieve goals without human intervention. They communicate through text, voice, and 3D animations, and can dynamically interact with virtual environments, such as picking up props in games or interacting with users on social media platforms.
Whenever a new AI agent is created, it is tokenized by minting a fixed supply of specific agent tokens, such as LUNA. These tokens are added to a liquidity pool and paired with VIRTUAL tokens.
Users can purchase these tokens, becoming co-owners of the agent, granting them governance rights and related interests in the future development and revenue generation of the agent.
What is the overall idea? As agents are deployed in various applications, they can generate revenue through user interactions. Through VIRTUAL, this revenue can be used to buy back and burn the agent tokens from the market, reducing the supply and potentially increasing the value of the remaining tokens.
Initial Agent Offering (IAO) refers to the process of launching new AI agents on this platform. Creators lock up a certain amount of VIRTUAL tokens to mint and launch their agents, ensuring a fair and transparent distribution without any insider information.
The grand vision of the Virtuals Protocol makes it simpler to integrate AI agents into applications, while also providing an easier way to co-own and earn income from these agents.
2How to Get StartedVirtualsProtocol
To use the Virtuals Protocol, you must first have some VIRTUAL tokens. You can use these tokens to provide liquidity in ecosystem pools to earn income, such as the Uniswap V2 LUNA-VIRTUAL pool.
VIRTUAL is also the main currency for purchasing and creating AI agents on the Virtuals Protocol, so if you want to explore the platform more deeply, VIRTUAL tokens are a must.
Once you have VIRTUAL tokens in hand, you can start browsing or searching for apps.virtuals.io. If you see an agent that interests you, you can click on the name to enter its dedicated dashboard.
Here you can get an overview of the agent's current status and app interactions. In the "Summary" tab, you can also scroll down and see a swap interface below the price table for the agent's tokens. Enter the amount of VIRTUAL you want to trade and complete the transaction through your wallet. Use this dashboard to track your agents for two-way swaps.
If you want to create and publish your own AI agent, you can click the "Create New AI Agent" button on the app.virtual .io homepage. Then, you will see the following settings interface:
The lowest cost option is to set up a "Normal LP" pool, which currently costs 2,400 VIRTUAL, or about $1,200. You can continue to set up your agent details (profile avatar, name, description, etc.), and then complete the creation!