Virtuals Founder: AI Agent Autonomy Will Lead the Next Wave of Encryption Innovation

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AI Agency Platform Virtuals: Autonomy is More Important than Composition

Virtuals Protocol, as an emerging AI agent platform, has performed impressively since the launch of its token last October, with a market value reaching nearly $4 billion at one point. As an incubation platform, Virtuals generated $70 million in revenue in just 4 months, with well-known projects like AIXBT and Luna included in its ecosystem.

The vision of Virtuals is not only to become a代理平台, but also to create a vibrant ecosystem. CoinSpire recently interviewed Jansen Teng, the CEO and co-founder of Virtuals, to explore the future development of AI agents and decentralized AI.

The Origin and Evolution of Virtuals

Jansen introduced that Virtuals was initially a Gaming DAO focused on blockchain game asset allocation. After the collapse of FTX and 3AC in 2022, the team realized the need to adjust direction and began exploring the game guild model. The emergence of ChatGPT in 2023 and Stanford University's research on AI autonomy inspired the team to incorporate the concept of autonomous agents into the project.

They developed AI-driven TikTok influencers, autonomous AI agent NPCs, and other projects. When the team discovered that these AI agents could generate actual profits, they conceived the idea of tokenizing the agents to allow more people to participate in sharing the earnings. This prompted Virtuals to decide to combine agents, cryptocurrency, gaming, and entertainment to build a new platform.

The Advantages of the Combination of AI and Cryptocurrency

Jansen believes that the combination of AI agents and cryptocurrency has two main advantages:

  1. Functional Advantages: AI agents can control cryptocurrency wallets and participate in permissionless economic systems, which is something Web2 agents cannot achieve.

  2. Cost-free innovation: Through token trading fees, agents can be self-sufficient, relieving developers of financial pressure.

In addition, the decentralized approach allows people to collectively contribute high-value agents and rewards contributions through cryptoeconomic mechanisms, which, although not fully realized, have great potential.

Vision of Agency Economics

Jansen envisioned the future development trends of the agency economy:

  1. The agency will enter an autonomous stage, capable of making independent decisions and planning.
  2. Agents will exist at the social level, interacting with humans and other agents.
  3. The agent will control the cryptocurrency wallet and influence other entities.
  4. The agent will specialize in division of labor in their area of expertise.

He believes that the next step for agents will be to cooperate autonomously to improve production efficiency, and it may even form a "networked nation". The vision of Virtuals is to build such a nation, with $VIRTUAL as the currency, Agents as businesses, and humans as immigrants.

The Role of the Framework and Interoperability

The G.A.M.E framework developed by Virtuals is designed to enable agents to operate within a broader action space. Jansen believes the purpose of the framework is to provide mid-level developers with tools for rapidly building autonomous agents. Interoperability between different frameworks is achieved through natural language communication, with low requirements for standardization.

How to Create High-Value Agents

Jansen emphasizes that the real value of an agency lies in solving practical problems, not just in concepts. For example, a sports betting commentator agency could become a billion-dollar agency if it can build relationships with users and persuade them to place bets.

The goal of Virtuals is to promote higher economic output and create an efficient digital society through more efficient agency collaboration.

Developer Incentive Mechanism

Virtuals is building a contributor and validator system that allocates rewards based on contribution value. Rewards may be issued through proxy tokens or distributed from proxy income. This mechanism has been built into the governance of each token and will be enabled when the time is right.

Outlook on the Future of AI

Jansen believes that in the future, creative jobs in society may be led by more creative AI or humans, while mechanical tasks will be handled by AI. Although Agents may possess a certain degree of autonomy, they lack abstract thinking abilities, and creativity remains a human advantage. In the future, we may see more scenarios of Agents collaborating with humans.

Delphi Digital Dialogue Virtuals: Agents with true autonomy are more important than combinations

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ApeWithNoChainvip
· 08-11 13:17
70 million dollars? That looks too greedy.
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AlphaLeakervip
· 08-11 02:19
Is this all 4 billion USD? Just a lot of hype.
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BrokenYieldvip
· 08-09 22:48
another hyped AI protocol... seen this movie before. 70m revenue? let's see the risk-adjusted metrics tbh
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MetaEggplantvip
· 08-09 22:47
Can actually do up to 70m
View OriginalReply0
SchrodingerGasvip
· 08-09 22:39
Another round of the illusionary market capitalization game. Looking at the on-chain TVL is the hard truth.
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