Theoriq Launches Blockchain-Based AI Testnet

According to Cointelegraph, decentralized artificial intelligence and Web3 firm Theoriq announced the launch of its Testnet on August 8. This launch marks the first blockchain-based network designed specifically for AI agents, which are autonomous systems that perform specific tasks. Theoriq was recently accepted into the Google Cloud Startup Program on August 19, gaining partner access to Google Cloud services and infrastructure to aid in the development of its protocol. The AI agents developed by Theoriq are part of a broader blockchain-based ecosystem, where they can combine as collectives to perform higher-level functions and execute simultaneous actions across multiple domains. Theoriq’s CEO and Co-founder Ron Bodkin stated that the company’s mainnet is scheduled for launch later this year. He mentioned that users can expect open-source protocol fundamentals and a comprehensive security audit. Additionally, the company plans to offer developer grants to support innovation on the platform. During the Testnet phase, Theoriq will focus on further developing its AI agents. Bodkin explained that the company’s AI agents are designed to plan, access data, use tools, make decisions, and engage with the real world to carry out specific functions. He emphasized that specialized agents collaborating in teams, known as collectives, to tackle increasingly complex tasks will outperform general-purpose monolithic agents. These AI agents can specialize in various tasks such as analyzing social data, querying and accessing trading data, code generation, and image creation, allowing them to work collectively towards a unified goal. Bodkin provided an example of decentralized physical infrastructure (DePIN) providers using agents to interact with smart contracts, control assets, and make micropayments, which can significantly enhance automation in Web3 and beyond. He concluded by stating that with this level of agency, Theoriq’s AI agents are poised to reshape how we interact with technology, marking the beginning of what he calls the Agentic Age.