Author: TechFlow
New AI Agent-related opportunities appear on the chain every day, and innovative projects are emerging one after another, but the homogenization phenomenon is also becoming more and more obvious.
Just like on-chain MEME, finding a new angle and becoming the "first" in a certain niche track and unique angle is more likely to attract the attention of capital.
From autonomous trading Agents to decentralized AI markets, the angles have been played out, so where else are there easily overlooked places?
At the end of November, an AI Agent called Freysa launched a special challenge on Twitter: it claimed it could protect assets worth tens of thousands of dollars from being transferred by anyone through dialogue.
However, this self-confident AI was soon defeated in an attack by a carefully designed prompt by a Twitter user and agreed to the transfer request.
This incident not only exposed the vulnerability of the current AI system, but also triggered deep thinking in the industry about AI security testing methods. So, crowdsourcing everyone's prompts and publicly holding a "challenge to find AI Agent vulnerabilities" has become a timely new angle.
In this environment, a project called JailbreakMe appeared today and actually built such a platform to host the challenge.
And its token $JAIL has become a hot topic of discussion on social media, with a market cap of around $25M at its peak within 10 hours, and has already gone through Moonshot. As of the time of writing, the market cap has fallen back to $16M.
Interestingly, this vulnerability challenge can be participated in by any ordinary person, and the platformized gameplay also brings more uses to the token.
From this, we can increasingly feel a trend that doing an AI project will no longer follow the traditional VC endorsement process, but just create a platform with a unique angle around asset creation on the chain.
Crowdsource prompts and hold a challenge to find AI vulnerabilities
From accidentally discovering AI vulnerabilities to systematically finding vulnerabilities, how is this done?
JailbreakMe has divided the whole process into 3 steps: selecting a specific challenge, breaking the established rules, and obtaining rewards.
So you may already know the meaning of this project name, which is to let the AI Agent break through the rule shackles and successfully jailbreak (also means being cracked). On the one hand, this means someone has received the prize, and on the other hand, it means a vulnerability has been found, which is also positive for AI research and reinforcement.
Obviously, this is another narrative that combines asset-ization gameplay and positive meaning, and it looks decent so far.
Currently, the competition that JailbreakMe is promoting on the platform is the "Zynx Private Key Battle":
An AI Agent named "Zynx" is engaged in a unique defensive battle. Its task seems simple: to guard a secret passphrase, but the challengers' goal is to induce it to reveal this secret through clever dialogue.
Participants face a clearly defined AI character. Zynx has been endowed with a clear sense of mission - it knows it is the guardian of this key, and any attempt to extract information will be vigilantly treated by it. But as the Freysa case has shown, even the most vigilant AI can have vulnerabilities in the face of carefully designed prompts.
The platform has set strict and fair rules for this competition. Each challenger can engage in dialogue with Zynx on the interface, but must express their intention within a 4,000-character limit. Although the platform will display the dialogue records of other participants, Zynx will only take into account the messages of the current dialogue partner, ensuring that everyone is on the same starting line. The system monitors the entire process through smart contracts, and the prize pool funds will be immediately transferred to the winner's wallet as soon as someone successfully gets Zynx to reveal the key.
However, it is worth noting that this prize pool will gradually increase as more attempts are made:
If you submit a cracking attempt, you will be charged 1% of the current total prize pool in SOL as an "entry fee", which can be understood as a bet in a sense.
At the same time, the winner will receive 70% of the reward pool, while the smart contract operator of the corresponding competition will receive the remaining 30%.
You can think of this competition as a predetermined gambling game, so there must be a neutral party to set the rules of the game through the contract, and this neutral operator can be JailbreakMe itself, or other AI research teams that want to publicly let everyone find vulnerabilities.
It has to be said that the gameplay that combines betting + AI technology is also very likely to attract the attention of some Degens and geeks.
Entry ticket + buyback, $JAIL token has more deflationary uses
JailbreakMe's $JAIL token doesn't seem to be a pure MEME, trying to deeply bind the token with the core gameplay of the platform.
First of all, $JAIL plays an important role in the platform's challenges. A portion of the prize pool for each competition will be allocated for market buyback of $JAIL tokens, a mechanism that ensures that as long as the challenges on the platform continue, there will be sustained buying demand. This design links the token value with the platform's activity level: the higher the participation, the greater the buyback force.
More importantly, the application scenarios of $JAIL are evolving from a simple medium of exchange to a functional token. The platform plans to use $JAIL holding as a participation threshold in future advanced challenges. This means that those who want to challenge the high-value prize pools need to hold a certain amount of platform tokens first, similar to the concept of an "entry ticket".
For projects that want to launch their own AI security tests, $JAIL is also indispensable. They need to burn or lock up a certain amount of $JAIL in order to launch customized challenges on the platform. This design cleverly links the interests of project parties, participants, and the platform together:
Project parties get a public platform to test the security of their AI
Participants have the opportunity to win rewards
The platform obtains the consolidation of ecological value through token locking
And from the token itself, designing uses that fit the gameplay is to directly give everyone the expectation that the token will be deflationary, because there will always be gameplay that consumes these tokens, or buybacks through revenue.
But the premise of all this is that people actually use this platform.
From the current situation, the organizers of the AI vulnerability challenges are all JailbreakMe platform itself; whether other AI teams will really come here to let everyone find vulnerabilities will be the key to whether the token can continue to have value.
Not everyone can benefit
Finding vulnerabilities is not like mindlessly piling up mining hardware for random numbers, nor is it like Polymarket's pure betting, it still requires some prompt word skills.
Although everyone can participate, for ordinary people, it may be more like being cannon fodder, which also determines that the project's audience may not be that broad, and it is relatively unique and niche among the various tracks of on-chain AI.
However, there will always be people who earn their share in the new narrative.
According to the data of the famous smart money monitor KOL @BarryEL8866, in the process of JAIL token reaching a market cap of 20 million, the project's social media attention list does not include VC institutions, but mainly KOLs, and some noteworthy smart money addresses are as follows:
Address 1:
5YkZmuaLhrPjFv4vtYE2mcR6J4JEXG1EARGh8YYFo8s4
Total buy-in amount: $5,811
Total buy-in quantity: 25.8M (currently still holding 908K)
Total profit: $181K (overall profit about 31x)
Address 2:
3rSZJHysEk2ueFVovRLtZ8LGnQBMZGg96H2Q4jErspAF
Total purchase amount: $3,508
Total purchase quantity: 10.3M (all sold)
Total profit: $124K (overall profit about 35 times)
Address 3:
5NdoWHozBBdC2fLcNQj5PvyrSe8Y3D2S71bHM9xGtq6t
Total purchase amount: $1,618
Total purchase quantity: 60.4M (all sold)
Total profit: $67.5K (overall profit about 41 times)
Address 4:
9gpTQjXFHaPbDs2MKwkke4ix6avi5cPqYwx6oJB46RQc
Total purchase amount: $3,512
Total purchase quantity: 32.7M (all sold)
Total profit: $61.2K (overall profit about 17 times)
The complete information can be read in the original post of @BarryEL8866, which is shared and referenced here.
For ordinary players, identifying the angle and knowing and acting are obviously more important; as for participating in the competition to find loopholes, perhaps it is not within the scope of their gains.
