Virtuals Protocol is a decentralized platform that has launched an AI agent and announced its expansion to the Solana blockchain.
This move aims to promote multi-chain availability, support builders, and foster innovation within the ecosystem.
Virtuals' Multi-Chain Ambitions
On January 25th, Virtuals Protocol confirmed its expansion from Base to Solana. The protocol emphasized that this step marks the beginning of a new chapter, allowing it to grow the community and create more value for developers.
Virtuals seeks to leverage Solana's advanced scalability and vibrant developer community to open new growth opportunities.
"We are thrilled to announce Virtuals' expansion to Solana. This is an important step in our journey to support builders and foster innovation across multiple ecosystems. Solana is renowned for its speed, scalability, and vibrant community, making it the perfect place for us to grow and realize our vision." – Virtuals statement.
EtherMage, the protocol's pseudonymous lead developer, described this expansion as the first step in building a diverse multi-chain ecosystem. He said this move will help realize the vision of an interconnected and autonomous digital society.
He mentioned that dedicated teams are already in place to collaborate with the Solana and other blockchain communities. These teams will focus on providing the funding, mentorship, and visibility needed for projects to thrive within the Virtuals ecosystem.
"Going multi-chain is crucial for the vision of an agent society. The diversity of agents is a key element of an autonomous business and social landscape. Solana is the first step. We are also building support across several other chains." – EtherMage post.
VIRTUAL's Solana Ecosystem Plans
Virtuals Protocol has introduced several initiatives tailored for Solana. One of them is the Meteora Pool, a platform feature designed to create new opportunities for trading and engagement.
Additionally, 1% of the generated transaction fees will be converted to SOL and allocated to a Strategic SOL Reserve (SSR) to reward contributors and strengthen the Solana ecosystem.
The protocol has also launched a grant program to facilitate development across the Base and Solana ecosystems. Under this program, projects on these chains can access up to 42,000 VIRTUAL tokens to support their early-stage growth.
Going forward, Virtuals plans to collaborate with the Solana Foundation to host an AI hackathon in March. This event will further reinforce the protocol's commitment to fostering innovation by providing developers with technical mentorship and support.
Virtuals Protocol has emerged as a leading platform in the cryptocurrency space, benefiting from the increasing demand for AI-based solutions. The multi-chain expansion to Solana signifies the protocol's determination to shape the future of decentralized AI and support a thriving developer ecosystem.
"Virtuals' integration with the Solana ecosystem is not just an expansion, but the start of a new chapter. We are here to create value, support builders, and propel the Virtuals Nation to new heights." – The team's conclusion.
Despite the expansion news, Virtuals' native VIRTUAL token has declined by over 4% in the past 24 hours, according to BeInCrypto data, trading at $2.54 at the time of reporting.
