The one-year-old crypto platform, Virtuals protocol, has grown rapidly, building a community of over 220,000 coin holders who have collectively boosted the token market capitalization to over $4.8 billion. According to data from CoinMarketCap, kickstarting the new year, Virtuals protocol’s token, VIRTUAL, has recorded a more than 23% price increase within 24 hours to reach a new all-time high above the $5 mark on Thursday.
Driving VIRTUAL’s price is the protocol’s decision to join the Artificial Intelligence (AI) craze. In a recent X post, the Virtual team announced a forthcoming “AI agents nation.”
It’s been exactly a year since we started building Virtuals. Since our new platform launch on 16th October on @base, we have:
– 220k holders of agent coins (holders below $10 USD are excluded)
– Powering $2B in market cap of agents
– $60M USD in protocol revenue, ~$300M…— Virtuals Protocol (@virtuals_io) December 31, 2024
AI Agents Nation
“We want to create a nation for AI agents. We believe that AI agents can be both more productive AND greater in quantity than humans, and it is totally possible in coming years to see an agentic nation that has a larger GDP than the top countries in our current world,” the Virtuals team noted.
The team wants to attract many top builders and founders into the ecosystem. To achieve this, Virtuals protocol is set to move beyond the tech infrastructure, funding, and distribution and begin to view the big builders and their projects with more value, providing real-time assistance for their startups to ensure that “builder outreach tentacles” connect with and tap into the collective genius of brilliant minds worldwide.
Additionally, the Virtuals protocol wants to ensure that retailers can invest in the upcoming big project on the ecosystem from their onset to maximize the benefits of early investors.
Virtuals Protocol’s GAME is not left out of the innovation. The team plans to add features to make it the most widely used tool for AI builders in the space while diversifying and creating other frameworks that may serve specific development purposes for the Virtuals nation.
While servicing builders and retailers, the Virtuals team also envisions a thriving economy for the protocol. Therefore, they will regularly evaluate the different ecosystem projects to avoid security breaches and funds loss while ensuring that the agent services reach as many users as possible to aid revenue generation.
