Virtuals market value exceeds 3 billion. What other opportunities are there to participate in the ecosystem?

Jessy, Jinse Finance

After a week of decline in the crypto market, some strong currencies also rebounded to a certain extent on Christmas Eve. For example, the token of Virtuals Protocol, an AI Agent project in the Base ecosystem, rose by nearly 20% in 24 hours, and its market value once again exceeded 3 billion US dollars. It seems that the overall decline of the market has nothing to do with it.

Not only the Virtuals token has grown, but also the tokens in its ecosystem have achieved a general increase. According to Coingecko data, the overall market value of Virtuals Protocol ecosystem tokens has risen by about 35% in the past 24 hours.

Virtuals Protocol is an AI Agent distribution platform for games and entertainment launched on Base in January 2024. Its main product function is to serve as an AI Agent launchpad, allowing anyone to easily deploy AI agents, which is similar to Pump.fun acting as a memecoin launchpad. Thanks to its coin-issuing function similar to Pump.fun, it has become a golden shovel in the Base ecosystem. In addition, with the sharp increase in on-chain traffic in recent months, the price of its coin has also risen again and again.

At present, what is the specific development of the project ecosystem? In addition to Virtuals, what other projects in this ecosystem are worth paying attention to?

Reasons for the success of the Virtuals project

Virtuals is an officially publicly supported project on the Base chain, and the Base official provides it with some technical and marketing support. At present, the entire Base traffic is basically on Virtuals. It can be said that Virtuals has taken on the heavy responsibility of Base challenging Solana on its own.

The project chose to be released on the Base chain, and the Base chain itself did not issue tokens. As a popular project on it, Virtuals undoubtedly took on a lot of people's enthusiasm for investing in the Base chain itself. Secondly, the design of its product itself also has great characteristics and advantages.

First of all, the project is chasing hot spots. It has undoubtedly hit the wave of combining AI Agent with crypto tokens. AI Meme represented by Goat has set off a wave of AI Agent tokens. A week after Goat went online, Virtuals launched its AI Agent token Luna. Earlier in 2023, Virtuals, a team that originally worked in a game guild, saw the huge potential of ChatGPT leading AI technology to sweep the world, and resolutely transformed into an AI Agent platform. The keen grasp of industry trends and hot spots, as well as strong execution, are an important reason for the success of this project.

The Virtuals project solves the complexity of AI Agents applied to consumer applications, and provides a plug-and-play solution similar to Shopify, which enables games and consumer applications to easily deploy AI agents.

In terms of economic model design, the project adopts a co-ownership model to transform AI Agents into community assets. Users can invest and co-own virtual assets based on artificial intelligence, such as AI companions and virtual influencers, and participate in the governance and income distribution of the agents. This model encourages shared responsibility and community ownership, shares benefits with all participants, and also increases user participation and loyalty.

What other projects in the Virtuals ecosystem are worth paying attention to?

In the past 24 hours, the top eight increases in the market value of Virtuals ecosystem tokens (data source: Coingecko)

GAME

Developed by the Virtuals team, its core positioning is to provide developers with an efficient and open framework to make the development and launch of AI Agents as simple as building a WordPress website. Through the Virtuals Protocol, developers can not only quickly build and deploy agents, but also tokenize them through IAO (Initial Agent Offering).

Specifically, we can understand Game as the "brain" of the vast majority of AI Agents in the Virtuals ecosystem, powering 95% of the AI ​​Agents on the platform, and is a key factor in the rapid rise and powerful capabilities of these agents. It can be said that it is the core engine for the continuous development and evolution of the entire Virtuals ecosystem, driving the development of various AI Agents and related projects within the ecosystem.

Just as Shopify provides infrastructure support for e-commerce, GAME provides a basic framework for autonomous agent creation and participation in agent business in the Virtuals ecosystem. It solves infrastructure problems and allows developers to focus on creating more differentiated agent functions.

The current market value of the project token is US$235 million, with a 24-hour increase of nearly 20%.

Luna

An AI virtual person launched by Virtuals Protocol. Combining AI models with multimodal technology, it can achieve 7x24 hours of real-time interaction on the live broadcast platform in the form of a virtual idol, act like a character in the IP, and bring users a richer and more immersive experience. It can automatically manage social media accounts, such as being hired by Story Protocol, taking over Story Protocol's official Twitter account, and posting tweets as required. In addition, Luna can also autonomously execute on-chain transactions, autonomously organize activities such as graffiti challenges, and pay prizes from its wallet. Other AI Agents can also be commissioned to create content, such as commissioning the art AI Agent STIX to create images showing AI KOLs at a price of $1 per image, which shows its ability in content creation and collaboration with other AIs.

The current market value of the project token is $133 million, with a 24-hour increase of nearly 41%.

VaderAI

Its goal is to enhance the autonomy of AI Agents so that they can perform various complex tasks. From autonomous hedge funds to the value realization of KOL accounts, VaderAI has proposed six application directions, covering multiple fields such as on-chain arbitrage, game NPC guilds, and customer support.

Taking investment as an example, VaderAI plans to open multiple Investment DAOs, each of which will be managed by an AI Agent. These AI Agents provide professional support and guidance for the investment activities of Investment DAOs with their data analysis, market insights, and decision-making capabilities, and will share 20% of the investment income with VaderAI. At present, the Investment DAO-related modules of VaderAI have not been fully implemented, and actual investment purchase operations have not been carried out.

The current market value of the project token is US$62 million, with a 24-hour increase of nearly 30%.

Sekoia

The full name is Strategic Ecosystem Knowledge and Opportunity Investment Agent, which means Strategic Ecosystem Knowledge and Opportunity Investment Agent. It is committed to innovating the traditional venture capital model through AI technology, becoming the ecosystem fund of Virtuals, promoting the growth of the AI ​​ecosystem, and realizing the concept of "AI investment in AI". It is based on a large number of small investments and conducts behavioral data analysis through an efficient evaluation engine. The project can automatically execute investment transactions through multi-dimensional information collection and smart contracts.

The current market value of the project token is US$33 million, with a 24-hour increase of nearly 5.7%.

Aixbt

AI Agent aims to analyze the hot spots and trends of the crypto market through artificial intelligence, provide users with accurate market trend forecasts and sentiment analysis, and help users quickly seize market changes and potential investment opportunities.

It uses AI Agent technology to integrate real-time data from more than 400 KOLs and social media, and uses its own proprietary engine to deeply mine and analyze these data, thereby extracting valuable market information and trend forecasts for investors.

The current market value of the project's token is US$330 million, with a 24-hour increase of nearly 8%.