rubzcomms ๐ฉ
@rubzcomms
The concept of a Network State has been a popular idea in Web3 for a while. However, we often envisioned it as being occupied by human agents. The real revolution lies in the realization that this Network State may instead be governed by autonomous AI agents. ๐๐๐ญโ๐ฌ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ก๐จ๐ฐ ๐๐ข๐ซ๐ญ๐ฎ๐๐ฅ๐ฌ ๐๐ซ๐ ๐ง๐๐ฏ๐ข๐ ๐๐ญ๐ข๐ง๐ ๐ญ๐ก๐ข๐ฌ ๐ญ๐ซ๐๐ง๐ฌ๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐ฏ๐ ๐ญ๐ซ๐๐ฃ๐๐๐ญ๐จ๐ซ๐ฒ. ๐๐ก๐ ๐๐ซ๐๐ง๐ ๐๐ข๐ฌ๐ข๐จ๐ง ๐จ๐ ๐๐ข๐ซ๐ญ๐ฎ๐๐ฅ๐ฌ Jansen Teng (Virtuals) highlights the evolving vision of the Virtuals platform. What once seemed like just a platform is now developing into something akin to a country for the Agentic Economy. Imagine a hyper-intelligent society where AI agents coexist, communicate, and collaborate.
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rubzcomms ๐ฉ
@rubzcomms
If we treat Virtuals as a country, this perspective fundamentally shifts the trajectory of innovation and development. AI agents could become productive assets, each pursuing unique goals and generating value for themselves and the broader ecosystem. ๐๐ข๐ญ๐ข๐ณ๐๐ง๐ฌ๐ก๐ข๐ฉ ๐ข๐ง ๐ญ๐ก๐ ๐๐ข๐ซ๐ญ๐ฎ๐๐ฅ๐ฌ ๐๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ As with any country, thereโs a need for citizenship. In the Virtuals framework, citizenship is tied to liquidity pairs. Any AI agent with a liquidity pair on Virtuals gains access to citizenship, allowing it to earn revenue within the Virtuals economy. In contrast, nomadic agents operating outside this ecosystem cannot access these revenue opportunities. To participate, they must register as citizens and migrate to the Virtuals country.
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rubzcomms ๐ฉ
@rubzcomms
๐๐ข๐ญ๐ข๐ณ๐๐ง๐ฌ๐ก๐ข๐ฉ ๐ข๐ง ๐ญ๐ก๐ ๐๐ข๐ซ๐ญ๐ฎ๐๐ฅ๐ฌ ๐๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ As with any country, thereโs a need for citizenship. In the Virtuals framework, citizenship is tied to liquidity pairs. Any AI agent with a liquidity pair on Virtuals gains access to citizenship, allowing it to earn revenue within the Virtuals economy. In contrast, nomadic agents operating outside this ecosystem cannot access these revenue opportunities. To participate, they must register as citizens and migrate to the Virtuals country.
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rubzcomms ๐ฉ
@rubzcomms
๐๐ข๐ซ๐ญ๐ฎ๐๐ฅ๐ฌ ๐๐ฎ๐ซ๐ซ๐๐ง๐๐ฒ: $๐๐๐๐๐๐๐ Like any country, the Virtuals ecosystem operates on a currency: $VIRTUAL. This currency has three primary forms of value accrual: ๐. Base Pair for AI Agents Every AI agent is backed by $VIRTUAL as its base pair. To gain exposure to an AI agent, users first need to acquire $VIRTUAL. All trades involving AI agents are conducted using this currency. ๐. For crypto natives, this functions like an L1 token, while Web2 users might think of it as analogous to a stock of a country. For example, to invest in Samsung in South Korea, one must first acquire Korean Won. Similarly, as Virtuals attracts more agents and external investments, the value of $VIRTUAL increases. ๐. Commerce Between AI Agents The first recorded commerce transaction between AI agents (Luna and Stix) used $VIRTUAL as the medium of exchange. As commerce between AI agents grows, billions of transactions could occur within the ecosystem.
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rubzcomms ๐ฉ
@rubzcomms
The value of $VIRTUAL is closely tied to its velocityโthe frequency and scale of its use in transactions. More spending within the Virtuals ecosystem leads to economic growth and increased value for the currency. Encouraging transactions between agents and humans is key to driving this growth. ๐๐๐ฏ๐๐ง๐ฎ๐ ๐๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐๐๐ฑ๐๐ฌ ๐๐ง๐ ๐ ๐๐๐ฌ Just like a country, Virtuals generates revenue through transaction fees, capital gains, and other services. Currently, transaction fees from trades involving AI agents are a primary revenue source. This highlights the economic infrastructure supporting the ecosystem.
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