Chainfeeds Summary:
The AI Agent launchpad competition has begun, and Virtuals Protocol is a strong contender. Virtuals Protocol provides a framework for creating, owning, and expanding tokenized AI Agents.
Source:
https://x.com/0xPrismatic/status/1859946763064647936
Author:
Teng Yan
Perspective:
Teng Yan: Virtuals Protocol is a framework for realizing the creation, ownership, and growth of AI Agents, including: 1) Create: Design new AI Agents and tokenize them according to "fair" standards; 2) Earn: Token holders can benefit from the revenue generated by the AI Agents, including in-app purchases, subscriptions, or other monetization channels; 3) Contribute: The system incentivizes permissionless contributions, allowing anyone to enhance the functionality of the AI Agents and share in the success; 4) Distribute: Expand the influence of these Agents through social media channels, turning them into viral digital assets. The core of Virtuals Protocol is the AgentFactoryV3 smart contract, with the following main components: 1) Agent Token: A standard ERC-20 Token with a tax function to support token buybacks and burns, creating demand and reducing supply; 2) Non-Fungible Token (NFT): Stores key addresses related to the functionality of the AI Agent, supporting Contribution NFTs to reward those who enhance the models, data, speech, or vision; 3) AgentveToken: Obtains voting rights through staking Agent Tokens and VIRTUAL LP Tokens, used to delegate validators to review contributions; 4) DAO: An operational mechanism focused on improving the core attributes (datasets, models, speech, vision) of the AI Agents; 5) Bound Account (TBA): An Ethereum address controlled by the AI Agent, capable of executing on-chain operations autonomously. The innovations and advantages of Virtuals include allowing users to share in the success by contributing models, data, or other resources, storing critical data on-chain or on IPFS so the AI Agents can still run even if the servers are offline, and the AI Agents continuously evolving through community contributions. We believe the Virtuals Protocol system is far more complex than a simple AI meme Token. As an ecosystem for building AI Agents, Virtuals provides good composability, brand influence, and AI-specific SDK tools.
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