The blockchain is quickly becoming inundated with AI agents who streamline user interactions and make crypto interactions easier. Virtuals Protocol and their $VIRTUAL token are leading the charge with AI agent memecoins and chatbot based fantasy games.
https://www.aiagenttoolkit.xyz/
https://x.com/aiwaifugg
https://www.coingecko.com/en/coins/ai-waifu-2
https://aiwaifu.gg?
What is the Virtuals Protocol?
Virtuals Protocol is an AI-focused platform built on the Base L2 blockchain (created by Coinbase on top of Ethereum). Virtuals was designed to create and manage autonomous AI agents. They help bridge the gap between trad tech and web3 by enabling all users to deploy, own and interact with AI tools.
Their generative AI models are capable of producing text, sound and visuals in response to user inputs. Virtual's AI models are similar to familiar LLM (Large Language Models) AI bots like ChatGPT. These AI Agents, known as VIRTUAL, communicate and execute tasks smoothly.
Virtuals utilizes a modular consensus framework (with contributors and validators monitoring the network). One of the things that sets them apart is a unique set of tooling called Immutable Contribution Vault (ICV). ICV is a vault system that archives historically approved contributions of VIRTUAL agents to ensure transparency of the ecosystem. The feature guarantees provenance of interactions and supports root cause analysis across every module within the Virtuals ecosystem.
- First Layer: Foundational layer, a smart contract wallet, called the ICV
- Second Layer: Individual VIRTUAL agents (as ERC-6551 NFTs)
- Third Layer: Core components of VIRTUAL agents (cognitive, voice, visual)
- Fourth Layer: Service NFTs within each of the core components
Using these capabilities, VIRTUAL is able to create rich digital personas such as Virtual's AI Waifu.
Developers can integrate these features into their own applications using officially supported APIs and SDKs. As AI technology advances we can expect to see more sophisticated applications adopting multilayered frameworks like Virtuals.
A key component of the Protocol is the Immutable Contribution Vault (ICV). It acts as both a library and a historical ledger. When any data, model or contribution is approved by validators, the information is stored in this ICV, forever.
It is structured is a neat manner, so that on-chain auditors can peruse the information with ease. The first “folder” is by VIRTUALs, 2nd “folder” is the cores of the VIRTUALs, and at level 3 are the “files” which are NFTs that hold contribution metadata.
This ICV is critical for autonomous attribution of value to contributors. It is also fully transparent, living in the ethos of decentralization.
They also facilitate a marketplace to trade AI agent cryptocurrencies like $GAME, $LUNA, $AIXBT and $VADER. These types of crypto coins are called "AI agent memecoins", a category which experienced rapid growth in 2024.
What is $VIRTUAL?
$VIRTUAL is the native currency of Virtual Protocol and plays a crucial role on the platform.
- The gas token which is required to interact with AI characters
- Liquidity pools that support new AI agents
- Base currency for supporting crypto swaps to agent tokens
$VIRTUAL that is used in liquidity pools is effectively locked up and creates deflationary pressure on the tokens.
Traders can use $VIRTUAL to purchase the new agent tokens and have partial ownership of that AI agent. Similar to most DAOs you are familiar with, holding the tokens gives governance voting rights regarding key decisions of the agent.
Every time the Virtuals Protocol creates a new AI Agent, it simultaneously mints 1 billion tokens specific to that agent. Then, it adds these tokens to a liquidity pool where participants can buy partial ownership of that agent. The tokens representing this ownership also give their governance rights as their holders enjoy crucial rights in all key decisions regarding that agent.
flitpay
- Ticker: VIRTUAL
- Circulating Supply: 1,000,000,000
- Contract Address (Base): 0x0b3e328455c4059EEb9e3f84b5543F74E24e7E1b
- Contract Address (Ethereum): 0x44ff8620b8cA30902395A7bD3F2407e1A091BF73
What is the AI Waifu fantasy companion?
AI Waifu is a collection of fantasy AI characters that drive a chat based fantasy game.
AI agents generate revenue for the creator through "inference fees", the cost of chat interactions. The more popular the character, the more that it earns. These fees are paid for in $VIRTUAL.
Luna
https://x.com/luna_virtuals
This popularity of AI chat bots has been accompanied by a rise in people falling in love and getting addicted to these virtual "relationships". Most AIs are designed to provide a safe, pleasant, intimate environment and this can become addicting to some heavy users.
Virtuals has recognized this concern and places disclaimers throughout the gaming experience.
All characters on AI Waifu are purely fictional and powered by artificial intelligence. These AI companions are not controlled by real people and exist solely for entertainment purposes within our platform. All interactions and relationships with AI characters are fantasy-based and cannot extend to the real world.
Virtual Protocol
What are AI agents?
What are AI fantasy chat companions?
Who is Luna (Virtuals?)