Virtuals Protocol (VIRTUAL): innovations in combining AI and metaverses

What is the Virtuals Protocol?

Virtuals Protocol is a blockchain project whose team introduced an innovative metaverse using artificial intelligence technology. Launched in March 2024, Virtuals Protocol is an infrastructure for creating interoperable AI game agents owned and controlled by users.

By utilizing artificial intelligence, Virtuals Protocol enables the creation of more dynamic and interactive virtual worlds. The AI agents of the Virtuals Protocol metaverse, combined with real tokenomics, are not just virtual assistants but tangible digital assets that can generate future revenue for users and developers.

Virtuals Protocol's AI agents can be used in an extensive range of applications and games in this ecosystem for a wide variety of tasks, including:

• Interacting with the virtual environment (picking up swords in Roblox or collecting gifts in TikTok);
• Automated use of cryptocurrency wallets (e.g., making regular transactions, purchases or donations);

Among other things, Virtuals Protocol's AI agents are multimodal, i.e., they can interact with each other and users through text messages, speech, and even 3D animation. In addition to the Virtuals Protocol ecosystem, its AI agents can also interact with external platforms such as Discord, TikTok, and Telegram, greatly expanding the scope of their application and the range of tasks they can solve. They can work completely autonomously, i.e., without user intervention, and interact with applications in the same way as the players themselves.

What problems does Virtuals Protocol solve?

According to the developers of Virtuals Protocol, their project is designed to solve three key problems in the field of artificial intelligence:

1. Difficulty of implementing AI agents into user applications. Virtuals Protocol AI agents are plug-and-play solutions like Shopify, for example, that make integrating digital assistants into games and any application easy.
2. No income for the professionals who customize AI agents and provide data for them. With decentralized technology, Virtuals Protocol provides users with an immutable data store that records all information on the blockchain. This data, among other things, can be used for equitable revenue distribution.
3. Limited access for professionals with no experience in artificial intelligence to AI agent capabilities. Blockchain provides decentralization and transparency, making the ecosystem accessible to all its participants.

Virtuals Protocol token

VIRTUAL is a native Virtuals Protocol token used for all transactions within its ecosystem. It is used to pay AI agents and distribute revenue to specialists who serve virtual assistants.

A total of 1 billion VIRTUAL tokens have been issued, and all of them are already traded in the market. As of December 2024, VIRTUAL's market capitalization reaches $1.68 billion, ranking it 68th in the overall cryptocurrency ranking. It surpasses such well-known projects in the industry as Lido DAO (LDO), Raydium (RAY), Beam (BEAM), and Maker (MKR), despite the fact that it was launched much later than them.

The VIRTUAL token appeared on cryptocurrency exchanges in February 2024 and has since appreciated more than 34 times in value, from $0.049 to $1.68 as of December 2024. The VIRTUAL token's price peak (ATH) was recorded at $2 in early December of the same year.

Prospects of Virtuals Protocol

Given the growing interest in artificial intelligence and the increasing popularity of the project itself, Virtuals Protocol has every chance to become one of the leaders in the AI sector of the crypto market. According to CoinMarketCap data for December 2024, Virtuals Protocol is already among the top ten blockchain protocols in the AI category, just behind The Graph (GRT) and Theta Network (THETA).

Meanwhile, Virtuals Protocol already provides dozens of different AI agents to solve a wide range of problems with its tokens, and the capitalization of some of them already exceeds tens and even hundreds of millions of US dollars. The innovative concept presented by the Virtuals Protocol team and the high demand for the AI sector provides the project with many prospects.