Virtuals protocol between blockchains and AI to create autonomous, multi-modal, cross-platform AI agents.

The goal is to democratize access to AI for developers, contributors, and users, particularly in the gaming and entertainment industries.

Key features include immutable contribution vaults for transparency and fairness in revenue sharing and tokenization through Initial Agent Offerings (IAOs), enabling shared ownership of AI agents.

the introduction

Virtuals Protocol is a blockchain project that seeks to revolutionize how AI agents are created, owned, and used. The Virtuals project is primarily focused on the gaming and entertainment sectors, but it also has potential applications in other sectors.

By enabling shared tokenization and ownership of AI agents, the Virtuals Protocol aims to democratize access to AI technologies, making them readily available to developers, contributors, and end users.

What is Virtuals Protocol?

The Virtuals protocol is designed to enable the development of intelligent, interactive AI agents that can operate across multiple platforms. AI agents are not static tools; they are dynamic, multi-modal entities capable of autonomous interaction in digital spaces.

In short, the Virtuals Protocol combines blockchain technology and AI to address the current shortcomings of deploying, monetizing, and interacting with AI agents. By incorporating decentralized models, it enables fair reward distribution to contributors and shared ownership of AI-powered virtual agents.

Key Features of Virtuals Protocol

1. Autonomous and multimodal AI agents

Virtuals Protocol AI agents are designed to operate autonomously, meaning they can plan and achieve goals without human intervention. This includes exploring digital space and making on-chain transactions using their wallets. The AI ​​agents are equipped with multi-modal capabilities, allowing them to communicate through text, speech, and even animation.

For example, in a game like Roblox, a virtual AI agent could:

Select virtual objects.

Navigate environments independently.

Interact with users through voice or text communication.

AI agents maintain memory across different applications, allowing them to build stronger, more personal connections with users over time.

2. Simplify AI integration

For developers, integrating AI agents into applications can be a complex and resource-intensive process. The Virtuals protocol can simplify this process with a plug-and-play system.

One example is the GAME (Generative Autonomous Multimodal Entities) proxy, which developers can use via the Virtuals API and SDK solutions.

Similar to how Shopify makes e-commerce easy, the Virtuals Protocol simplifies AI integration into consumer apps. This allows game developers, brands, and startups to integrate AI technologies without the need for deep technical expertise.

3. Non-changeable contribution vaults (ICV):

Store contributor inputs on-chain.

Act as a transparent registry to ensure fair revenue sharing.

Align rewards with the value each participant adds.

The immutable contribution vault is a system in the Virtuals protocol that maintains the transparency and integrity of AI development. This feature is especially valuable in collaborative environments where multiple stakeholders contribute to a single AI agent.

Using blockchain technology, the Immutable Contribution Vault system records all contributions, tracks changes over time, and ensures that everyone gets credit. Each AI agent is represented as an NFT token with its core features securely stored.

Contributions are stored as NFT tokens for services, making it easy to track and reward work. IFT vaults also encourage collaboration by allowing developers to improve on existing agents, creating a fair and open environment for innovation.

4. Tokenization and Shared Ownership through Initial Agent Offering (IAO)

Virtuals Protocol introduces the concept of Initial Agent Offering (IAO). Similar to an Initial Coin Offering (ICO), an IAO allows AI agents to be tokenized and sold as fractional ownership assets. This mechanism allows for broader participation and allows users with no technical expertise to participate in the growing AI economy.

How does an Initial Public Offering (IAO) work?

Users can stake VIRTUAL tokens to create a new proxy token. The Virtuals protocol creates a peg curve for the new token, which determines the token price based on the currencies available for trading in the market.

When the market cap of the new token reaches $420,000, the protocol creates a liquidity pool that is locked away for ten years to promote stability.

The ICO adopts fair launch principles, including no initial mining or internal allocation, a fixed total supply of 1 billion tokens per agent, and a 1% trading fee to cover operational costs.

Virtuals Projects on Binance

On January 10, 2025, Binance announced the listing of Virtuals (AIXBT), ChainGPT (CGPT), and Cookie DAO (COOKIE) tokens. The three tokens were listed with the startup tag applied.

AIXBT is a cryptocurrency market intelligence product that tracks social media discussions to identify potential market opportunities. ChainGPT is a Web3 AI infrastructure, and Cookie DAO is an index and data layer for AI agents.

Closing thoughts

The Virtuals Protocol represents an exciting step forward in the integration of AI and blockchain. Its ability to create autonomous and multi-modal AI agents, as well as features such as tokenized ownership and immutable contribution vaults, make it an innovative project in the digital economy.

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