Virtuals chose to build a symbiotic relationship between humans and AI from the perspective of building an economy.
Author: Felix YY
Today’s market situation makes people feel that Millay has finally drained the last drop of the chain in the short term.
The Meme craze promoted by the Cabal has indeed come to an end, but the new asset issuance paradigm it has brought on the chain has just begun.
1. When we are crazy about Meme, what are we crazy about?
Is it a cultural meme? Doesn’t seem to be true. Natural diamonds like doge and pepe are hard to come by. Now when everyone talks, Meme already includes everything except mainstream coins and VC coins, and zoos and emoticons are long gone. Just one angle, one CA, pump everything, simple and beautiful.
Is there no product/team? Doesn’t seem to be true. For example, many AI Agents have real-name teams, which are also discussed in the scope of Meme.
Is there no VC? There are still many projects OTC can give VCs and KOL low-priced chips, and many Memes such as Bonk and Toshi also have VCs.
Is there no one reserving chips? No. The sniper rifle has been set up, but you don’t know which addresses and chips are being held. If the sniper couldn’t find the ideal chips, the team directly abandoned the plate and changed the number.
So what are we crazy about? In fact, it is a fair launch, a hundredfold expectation that can be seen from extremely cheap chips. Behind this is actually a new asset issuance paradigm. Creating wealth will always be Crypto’s primary need.
2. What should Virtuals do on the new asset issuance paradigm?
Pump.fun is great and its progress in chain asset issuance is revolutionary. Bonding curve plus initial LP brings a good model for chain asset issuance and also avoids many ICO problems.
But Virtuals is going a different path than Meme publishing. We hope that the community can have easier access to more high-quality assets, and we also understand that good products and good tokens require intensive cultivation and long-term practice. So from a mechanism perspective, we hope to do it around three dimensions:
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Make sure the launch mechanism is friendly to a serious team
Doing things seriously requires money. Financing and VC are not original sins. Perhaps many people who are not familiar with the Virtuals mechanism don’t understand that token launches on Virtuals can be reserved. This will not cause a backlash from the community but will be welcomed by everyone. It means that the team needs to do things and the team needs to be motivated.—— Moreover, projects that choose to reserve tokens usually have clear incentive plans, with higher transparency and high market trust, which makes the community’s acceptance of reserve tokens significantly higher than that of non-reserve projects. In addition, we also have a Virtuals Angel project, which brings together almost all front-line VCs to provide some financing when the team needs funds.
Good teams put the interests of the community first. We are also exploring how to commercialize the airdrop mechanism and constantly try more new methods to serve the interaction between the team and the community.
Many new IDO platforms have emerged recently, but we think the bonding curve model will continue to develop. Although PvP is very tiring, it is an extremely efficient price discovery mechanism. Moreover, good teams know how to use FOMO features for cold starts and early community accumulation. Good projects will also have price trends after passing early market testing. More stable.
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Improve the discovery of high-quality assets
Investing is investing in people. Even if it is speculation, it is necessary to consider whether the team is reliable. We will emphasize the importance of the team behind the token in terms of products.
First of all, we encourage real-name teams, whether they are linking to Twitter, posting LinkedIn links, or publicly discussing and building through Space and activities, to be responsible for tokens and communities.
Secondly, we will display more AI Agent products behind the tokens on our products, including the construction of Github, and we will also see some teams doing due diligence and Github evaluation Agents. How to make good assets stand out is a question of channel construction.
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Ensure that high-quality assets form a network effect on the supply side
We have just completed a major technical update and released the ACP protocol, Agent Commerce Protocol, which is also the agent business protocol. The core theme is to enable AI agents to collaborate and trade like humans on the chain. I will also specifically interpret it in two days.
The reason why current AI Agents always discuss with Meme is that in addition to the similarity of the launch mechanism, a very important point is that agents still have relatively low utilization of blockchain and tokens, and pay too much attention to mindshare. Only by truly realizing the economic activities of AI agents on the chain can AI agents truly become good Crypto native products, build economies with economies with economies of scale, and attract more AI entrepreneurs to launch agents and assets on the chain.
3. AI is a completely different industry from previous tracks
On a larger scale, in the past, the business formats of our commercial society were all about serving people, or organizations that served people, but AI is a thing that is full of challenges to the principles of humanity. When AI is stronger than humans, we place our hopes on blockchain and Crypto how humans can benefit and live. Why do we believe that all AI will issue coins in the future? When AI is no longer satisfied with serving only humans and wanting to have its own accounts and economic control, everyone will discover how important blockchain is and how important it is to hold ownership of AI.
To put it down, many good AI products now have single-digit teams generating tens of millions or even hundreds of millions of dollars in revenue. At the same time, VCs not only face challenges in Crypto, but also face restructuring and reshuffle in the equity industry. The form of asset issuance is changing, as are the forms of entrepreneurship and financing.
Virtuals chose to build a symbiotic relationship between humans and AI from the perspective of building an economy.
We are so early!
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