Chainfeeds Summary:
BlockBeats discussed the latest developments of AI and cryptocurrencies in the Base ecosystem, introducing the rapid growth of AI-driven tokens such as VIRTUAL, CLANKER, LUM, and ANON, as well as how new innovations and economic value have been formed on the decentralized social platform Farcaster.
Source:
https://www.theblockbeats.info/news/55927
Author:
BlockBeats
Viewpoint:
BlockBeats: A Farcaster user wanted to launch a Christmas-themed token called "SantaClanker", but the token name deployed by Clanker turned out to be BUG, resulting in the first token deployment error by a leading AI Agent on Base. Due to the Christmas concept and the AI's mistake, the meme property of BUG was quickly recognized, and its market cap once exceeded $5 million. As of the time of writing, the market cap of BUG is $4.31 million, with a 24-hour increase of 10,053%. Last week, Vitalik and Jesse bought into the Base ecosystem meme coin ANON one after the other, triggering another AI token craze on Base, and this functional token with ZK technology has once again made the community aware that Base may be ushering in a Degen-like narrative at the beginning of the year. Half a year ago, most of the Crypto AI projects in the market were still concepts related to traditional AI technologies such as AI+DePIN and computing power rental, but now, Crypto AI projects have taken on a different look. From the AI Bot token GOAT, which reached a market cap of $800 million without Binance's participation, to the AI16Z's launch of an AI investment DAO model last weekend, AI seems to have opened up a new frontier for the old narratives in the crypto world. In March this year, Virtual Protocol went online, aiming to build an AI factory for games and the metaverse, and to make games more intelligent, enhancing the experience and interaction. In this wave of narrative shift from AI meme to AI Agent, Virtual Protocol is undoubtedly the biggest beneficiary, with its native token VIRTUAL surging more than 4 times in about a week, with a market cap approaching $500 million. In mid-October this year, Virtual Protocol's token issuance platform IAO went live, allowing users to easily deploy AI Agents and achieve 100% fair launch of AI Agent tokens, as well as allowing users to co-own the income generated by these AI Agents, after which VIRTUAL embarked on a bull run. For Virtual, its protocol is similar to a decentralized AI factory, providing support for many different AI Agents and creating on-chain virtual experiences. The flagship project launched by Virtual is Luna, which has the ability of "on-chain self-awareness", can think independently, and display its thought process on the chain, and operates completely autonomously without human supervision. But AI Agents are not a new track that only became popular after Virtual, as projects like Myshell and FLock.io have previously launched customized AI Agent features. Currently, the total market cap of the AI Agent track has reached $4.65 billion, accounting for 14% of the total market cap of AI track projects ($32.6 billion).
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