Interpreting Scrypted: Will the old AI Meme AVB usher in a new opportunity with a16z's $1.5 million financing?

The funds raised will be used to build the Inori network launched by the team.

Author: DeepTech TechFlow

After the wind of AI Agent blows towards the Base ecosystem, projects on Solana in the same track are going through a downturn:

The trading activity of Pump.fun is decreasing, and the valuation of most AI memes is falling, and the market is waiting for the next breakthrough; as more and more AI Agents are rapidly being released, the attention of funds is also gradually being diluted.

After halftime, the market's gameplay and perception of these Memes have also changed---pure air AI Memes no longer seem to be favored, and projects supported by technology and resources have shown more resilience in the market, so they don't bleed too much during the decline.

So, looking for projects with relatively low Market Cap, still potential, and able to stack external support may be a good choice.

Today (December 4th), the old AI Meme on Solana, AVB (Autonomous Virtual Beings), and the company behind it, Scrypted, completed a $1.5 million financing led by PTC Ventures and a16z crypto CSX (encryption investment accelerator).

The raised funds will be dedicated to building the network called Inori launched by the team. It is reported that this is a Decentralization network focused on building AI infrastructure.

From playing VC coin, to playing Meme, and now playing Meme with AI technology support... In the increasingly internalized market, we are gradually seeing a new way of playing: Meme is more like a front-end mascot that embodies the consensus of the community, while the back-end showcases the output of the projects, seeking more endorsements and support.

The overall gameplay is somewhat the same, but the data doesn't lie, and the market clearly approves of this approach:

The related Token $AVB has risen by 30% in the last 24 hours, and the overall market capitalization has even stabilized and risen, currently reaching about 43M.

And if you still don't understand AVB and the company's movements behind it, here is a compilation of the aforementioned financing and technology information to help you quickly understand the relationship between AVB, Scrypted, and Inori Network.

Scrypted and Inori: From game development to AI agent autonomy

Although AVB is essentially a Meme coin, it is associated with a legitimate AI company, Scrypted.

Scrypted was founded in 2022, initially a technology company focused on game development. The founding team of the company comes from top game studios such as EA and Square Enix, with rich experience in game development and system architecture.

You may wonder how a gaming company started doing AI? In fact, this is also interesting, as games have always been a good test bed for AI training, such as Stanford University's Stanford Town, where AI agents interact with each other, and different research teams use the game Minecraft to test the behavior of different AI agents.

The Scrypted team found a fundamental challenge in traditional game development in projects such as 'EVE Online: Frontier', 'Downstream', and 'Chibi Clash Kingdoms': how to make AI characters in the game behave more intelligently and naturally.

To address this issue, the team has gradually developed the ArtemisML technology stack, which has now evolved into an Open Source toolkit and is planned to be integrated with mainstream agent frameworks, greatly accelerating the development and management of AI game experiences.

This trap system not only solves the problem of game AI, but also unexpectedly demonstrates potential in a wider range of AI application scenarios:

The development of AI agents is facing challenges similar to early game development - how to make AI make autonomous decisions in complex environments? How to ensure the credibility of these decisions? How to efficiently manage the operating resources of large-scale AI agents?

These thoughts ultimately gave birth to the Inori Network.

Inori, taken from the Japanese word "祈" (meaning "pray"), envisions to build a Decentralization infrastructure that supports AI agents to run autonomously. This may sound abstract, but a more accessible understanding is:

Traditional AI services are like constrained robots that rely on centralized platforms to schedule resources.

In the Inori network, AI agents are like independent "digital life", capable of autonomously managing their own computing resources, storage space, and even conducting economic activities.

To achieve this vision, Inori Network has proposed two core technological changes:

Byzantine Risk Tolerance (BRT) Consensus Mechanism

The Consensus Mechanism of traditional blockchain is essentially to solve the problem of "who keeps the accounts"; while BRT aims to solve the problem of "how to verify AI decisions", it ensures that the AI behavior in the network indeed comes from Algorithm decisions rather than human manipulation through a series of mathematical proofs and game theory designs.

Commit-Reveal Pairwise Comparisons (CRPC) protocol

This is a decision verification protocol designed specifically to use a 'pairwise comparison' method to break down complex AI decisions into a series of simple binary comparisons. Through the 'submit-reveal' mechanism, it ensures the fairness and transparency of the verification process, while significantly reducing the computational cost of verification.

In fact, what these human languages ​​say is to establish an environment for AI agents to make autonomous decisions, while ensuring that the decisions are made by themselves, and these decisions can be verified.

Therefore, you can understand it as creating a Blockchain network specifically for AI agents, where AI agents generate transactions (decisions) and the Blockchain records and verifies the transactions.

Wait, what does this have to do with $AVB?

You may ask: Inori Network sounds impressive, but what does it have to do with AVB, the Meme coin?

Let's first clarify this relationship chain:

AVB (short for Autonomous Virtual Beings) is essentially a Meme coin, but it is now "claimed" by Scrypted. The word "claimed" may not be accurate because neither Scrypted nor its founder Tim hold any AVB Tokens.

"Why not hold?"

This issue has been asked many times in the community. Tim's response on X's death a few days ago was very interesting: When he took over the community, he promised not to personally hold any tokens to avoid any manipulation suspicions. Although this decision is often questioned as "no vested interest," the fact is that it has become the wisest choice - no vested interest allows the team to focus more on construction, rather than thinking about how to pump every day.

What can AVB do exactly?

For now, it's just an 'emotional tracker', a community-driven Meme, tracking everyone's confidence in this project. But with the launch of the Inori network, the use of AVB will also gradually expand:

The first is that it will be linked with some AI agents in the short term. For example, the independent transaction Wallet (@chad_onchain) that is already under development, and some trading games, will give priority to supporting AVB.

More importantly, when the Inori network goes live, AVB holders may receive some unique benefits. For example, they may enjoy discounts when using Inori services, and if permitted by regulations, they may also receive an Airdrop of Inori network tokens (according to Tim's post, the specific Airdrop ratio has not been determined, but it is said to be around 10%).

If you only look at these uses, AVB and other project's ecological Token seem to be similar. But there are a few points worth noting:

The related Scrypted, is a mature company team that has received VC investment

The team chooses not to hold any coins at all, and manages potential future Tokens through foundations and trusts.

The project party does not engage in presales or private sales, AVB is equivalent to the community Token with CTO.

These factors may explain why Solana AI Meme remains stable while most other memes are declining.

Of course, investment always needs to be wary of risks. But at least for now, AVB seems to be embarking on a path from pure MEME to "community tokens with real support".

Web4, the next narrative of AI Meme?

If you insist on saying what is different in the narrative of this round of Tokens, perhaps a concept that you are familiar with but not so familiar with is being discussed on encryption Twitter: Web4 (Read-Write-Own-Act).

From a technical evolution perspective, the process from Web1 to Web3 is actually an iteration of the interaction mode in the digital world: read-only, read-write, to read-write-own.

The "Act" paradigm proposed by Web4 for the first time introduces autonomous behavior into this framework, which is highly consistent with the current development direction of AI Agents and makes the direction of intelligence increasingly clear.

It is worth noting that the market has started to react to this narrative. Several projects focusing on AI agents have recently received significant attention, and their Token valuations have also risen. This trend reflects the growing market expectations for the integration of AI and Blockchain technology.

As more projects begin to layout in this direction, we may be witnessing the formation of an AI-driven encryption narrative.