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Why can Virtuals lead the new asset issuance paradigm?
Author: Felix YY
Today's market situation makes people feel that Milley has finally squeezed the last drop of the chain in the short term.
The cabal-fueled meme boom has indeed come to an end, but the new on-chain asset issuance paradigm it has brought with it has just begun.
When we are enthusiastic about Meme, what are we enthusiastic about?
Is it a cultural meme? It doesn't seem to be. Natural diamonds like DOGE and PEPE are hard to come by. And when everyone talks about it now, memes have included everything except mainstream coins and VC coins, and zoos and memes are long gone. All you need is an angle, a CA, a pump for everything, simple and beautiful.
Is there no product/no team? It doesn't seem to be. Like many AI Agents, they have real-name teams, which are also classified as memes.
Is there no VC? Or are there many projects OTC that can provide VC and KOL with cheap chips, and many memes such as Bonk and Toshi also have the shadow of VC.
Is there no one who reserves chips? No. The sniper rifle has been set up, but you don't know which addresses and chips are controlled. If the ideal chips cannot be sniped, the team will directly abandon the plate and change the account number.
So what are we crazy about? In fact, it is 'fair launch', which can be seen as a hundredfold expectation from extremely cheap chips, which is actually a new asset issuance paradigm. Getting rich is always the primary demand of Crypto.
Pump.fun is great, and the progress of on-chain asset issuance is revolutionary. The bonding curve plus initial LP brings a good model for on-chain asset issuance, while also avoiding many problems of ICOs.
But Virtuals is taking a different path from the trend of Meme issuance. We hope the community can have easier access to more high-quality assets. We also understand that good products and good tokens require careful cultivation and a long-term perspective. So, in terms of mechanisms, we hope to focus on three dimensions:
Make sure that the launch mechanism is friendly to the team that is serious about doing things
Being serious about doing things requires money. Financing and VC are not original sins. Many people who are not familiar with the Virtuals mechanism may not understand that tokens launched on Virtuals can be reserved, which will not cause a community backlash - on the contrary, everyone is happy to see it, indicating that the team is motivated to do things. Moreover, projects that choose to reserve tokens usually have clear incentive plans, higher transparency, and market trust, making the community's acceptance of reserved tokens significantly higher than projects without reservations. In addition, we also have a Virtuals Angel project, which brings together almost all first-line VCs to do some financing when the team needs funds.
A good team will put the interests of the community first, and we are also exploring how to productize the airdrop mechanism, as well as constantly trying out more new methods to serve the interaction between the team and the community.
There have been many new IDO platforms recently, but we believe that the bonding curve model will continue to evolve. Although PvP is tiring, it is an extremely efficient price discovery mechanism, and good teams know how to use the FOMO feature for cold start and early community accumulation. After a good project passes the early market test, the price trend will be more stable.
Improve the discoverability of high-quality assets
Investment is to invest in people, even if it is speculation, you need to consider whether the team is reliable. We will put more emphasis on the importance of the team behind the token on the product.
First of all, we encourage real-name teams, whether it is linking Twitter, posting LinkedIn links, or openly discussing and building through Space and activities, to be responsible for tokens and communities.
Next, we will show more of the AI Agent products behind the tokens in our products, including the development status on Github. We also see some teams conducting due diligence and Github evaluations of Agents. How to make good assets stand out is a channel construction issue.
Ensure high-quality assets form network effects on the supply side
We just completed a major technical update and released the ACP protocol, Agent Commerce Protocol, which is the Agent Commerce Protocol. The core theme is to allow AI agents to collaborate and trade on the chain like humans. I will also provide a special interpretation in a few days.
The reason why the current AI Agents always discuss with Meme is not only because of the similarity of the launch mechanism, but also because the agents' utilization of blockchain and tokens is relatively low, focusing too much on mindshare. Only when AI agents truly achieve economic activities on the chain can AI agents truly become good Crypto native products, build economies with scale effects, and attract more AI entrepreneurs to launch agents and assets on the chain.
To put it more broadly, in the past, the business format of our business society was to serve people, or to serve people, but AI is something that is full of challenges to the principles of humanism. When AI is stronger than humans, how human beings can benefit and live, we pin our hopes on blockchain and Crypto. Why do we believe that all AI will issue coins in the future? When AI is no longer satisfied with just serving humans and wants to have its own account and economic dominance, everyone will realize how important blockchain is and how important it is to hold ownership of AI.
To put it mildly, many of today's good AI products have achieved single-digit teams making tens of millions or even hundreds of millions of dollars in revenue, while VCs are not only facing challenges in crypto, but also facing restructuring and reshuffling in the equity industry. The form of asset issuance is changing, and so is the form of entrepreneurship and financing.
Virtuals chooses to build a symbiotic relationship between humans and AI from the perspective of building an economy.
We are so early!