Virtuals Protocol (VIRTUAL) is a decentralized platform that integrates AI and blockchain technology to enable users to create, tokenize, and monetize AI agents. The platform allows users to develop AI agents through a staking mechanism, while also enabling co-ownership and revenue sharing via tokenization. By making AI accessible and monetizable, Virtuals Protocol aims to democratize AI development and usage across industries such as gaming, social media, and content creation.
Virtuals Protocol is built on Ethereum’s Layer 2 network, Base, ensuring scalability and efficiency for AI-driven applications. The platform utilizes a Proof-of-Stake (PoS) mechanism to validate contributions and maintain network security.
AI agents are tokenized as ERC-20 assets, allowing users to own, trade, and share revenue generated by these AI models. The platform also integrates smart contracts to manage tokenization, co-ownership, and financial transactions between users and AI agents. By leveraging Ethereum’s ecosystem, Virtuals Protocol enhances transparency and security in AI interactions and monetization.
Virtuals Protocol offers innovative applications in gaming, social media, and content creation, making AI more interactive and profitable.
Virtuals Protocol was launched in March 2024 as a response to the growing need for decentralized AI development and monetization. Since its inception, the platform has gained traction in the blockchain AI space.