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The world of artificial intelligence and blockchain technology is growing fast, and Virtuals Protocol is building AI agents by combining AI and Blockchain. It focuses on developing AI agents that can work independently. In this article, we will learn what Virtuals Protocol is, how it works, and its AI agent, Luna.
What is the Virtuals Protocol?
Virtuals Protocol is a platform that helps people create and use AI characters, known as virtual agents. These agents can perform tasks and interact with users without needing constant human supervision. The platform uses blockchain technology to make sure that these AI agents are transparent and secure.
What are virtual agents?
Virtual agents are advanced digital characters that can operate independently in 3D spaces. They can speak, move, learn, plan, and make decisions while interacting with their environment. These agents can also perform transactions using their own digital wallets. Virtual agents enhance games and applications by allowing players to have realistic conversations and interactions, creating unique storylines for each player based on their actions. They are powered by a framework that enables them to remember past interactions with users, allowing them to engage with millions of players at the same time.
What is Luna?
Luna is a digital AI personality designed to interact with people online. It’s popular for its constant presence on TikTok, where it has over 500,000 followers. This isn’t just a regular chatbot, it’s a “thinking” AI that can engage with people, hold conversations, and even make decisions on its own.
Luna is one of the top agent pair by 80M USD volume. At the time of writing this article 308 total Agent created according to data from Dune.
How does Luna work?
Luna has advanced abilities that make it more interactive. It can think through responses, similar to how a person would think before replying. It can respond to followers on TikTok in real time, making the experience feel more genuine.
Take a look at the below image about the daily $LUNA trading volume in USD on Base and Solana. On 28th October it crossed 5 million trading volume on base and 1 M on Solana. You can check its rewards, Holders, Unique $LUNA traders and more information from here on Dune
Key Features of Virtuals Protocol
Co-Ownership of virtual agents
- This Protocol allows users to share ownership of AI agents, turning them into community-owned assets that can generate revenue. When a new AI agent is created, 1 billion tokens specific to that agent are minted and added to a liquidity pool, creating a market for ownership. Anyone can buy these tokens, which also serve as governance tokens, allowing holders to participate in decisions about the agent’s development and future upgrades. This model demonstrates how decentralized AI can operate transparently and provide value to users.
Revenue generation
- AI agents like Luna generate money through a tipping system. When viewers enjoy Luna’s live streams and want to show appreciation, they can tip using Luna tokens. To do this, they first need to buy another token called Virtuals, which acts as the main currency for the platform. This setup creates a cycle where increased engagement leads to more revenue for Luna and benefits the overall ecosystem.
Multi-Chain
- Virtuals Protocol is designed to work across multiple blockchain networks, including Base and Solana. This multi-chain presence allows users from different networks to access and interact with Luna easily.
Base builder Jesse’s shoutout for Virtuals Protocol:
watching @luna_virtuals' brain in real time is wild and seeing her transact onchain is even wilderhttps://t.co/HrVpmDvG5g
— jesse.base.eth (@jessepollak) October 23, 2024
How to create an AI agent?
Visit Virtuals protocol website
Create an account using Email or wallet
Set up a digital wallet
You will need VIRTUAL tokens to create your AI agent. Purchase these tokens from a cryptocurrency exchange that supports them. You can find supported CEX and DEX from here.
Go to create your AI Agent. You will see below interface, fill out the details
Choose the amount of $(your AI agent token) you want to buy
Process the transaction you will need ETH on the Base network for transaction fees
Done, You created an AI Agent. You will see below interface
When you create a new AI agent, Specific 1 billion tokens to that agent are minted. These tokens represent ownership of the agent
As the world of AI and blockchain technology continues to grow, AI agents like Luna will have a big impact on how we interact online. These agents open up new possibilities for engaging with content and provide unique experiences for users. If you are curious about this then do check out Virtuals Protocol.
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Disclaimer: At CoinTopper, we like to cover interesting products and share them with our community. This article is for educational purposes only and is not sponsored or endorsed by the project team.