The Virtuals Protocol ecosystem, which is based on Coinbase’s Base blockchain, is experiencing remarkable expansion due to the rapidly increasing interest in AI agents. These are self-governing programs with the ability to carry out tasks similar to those of humans.
CoinGecko data reveals that the ecosystem’s total market capitalization has reached $1.9 billion. The native token, VIRTUAL, has seen a nearly 29% spike in the last 24 hours and an astonishing 161% surge over the past week.
Functioning as a launchpad and marketplace for gaming and entertainment AI agents, the Virtuals Protocol utilizes blockchain technology to tokenize and enhance AI-enabled capabilities. The agents can perform various activities such as posting on social media, chatting on Telegram, creating memes, live-streaming, composing music, and operating autonomously on platforms like Roblox.
The VIRTUAL token, which reached an all-time high and is currently trading at $1.38, has now entered the top 100 cryptocurrencies by market capitalization. Originally founded as PathDAO in 2021 and rebranded in January, the Virtuals Protocol strives to make AI ownership more accessible and broaden AI applications.
On Friday, the AI agent tokens within the Virtuals Protocol ecosystem registered significant gains, indicating a growing market enthusiasm. Aixbt by Virtuals (AIXBT) climbed 23.8% to $0.21, Luna by Virtuals (LUNA) increased 9.4% to $0.08, and VaderAI by Virtuals (VADER) had a remarkable 78.9% jump, reaching $0.05.
Over the course of the week, these tokens have witnessed substantial growth, with their prices more than doubling. This clearly shows the enhanced investor interest in the Virtuals Protocol and its AI-centered offerings.
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