Jessy, Golden Finance

The combination of AI Agent and blockchain, with the wealth effect brought by various AI Agent Meme, has deservedly become the winner of this round. a main narrative. 2024 can also be said to be the year when the AI ​​Agent track explodes.

At the beginning of 2025, according to CoinGecko data, the overall token market value of AI Agent has exceeded US$16 billion. The overall market value of this track will usher in a big rise in 2024. The majority of this track is the eco-related tokens of Virturls, the AI ​​Agent launch platform on the Base chain, and the tokens related to the centralized trading fund AI16Z Dao. , according to the latest data from Cookie.fun, these two ecologies account for more than 50% of the ecology.

At present, various AI Agent projects are competing for success. Although there are few projects that can be implemented in real life, the continuous emergence of innovations is also pushing this track forward.

The development of AI Agent has also gone through a process from the initial Meme token, to an asset issuance platform, to the specific on-chain application of AI Agent.

AI Agent development events in 2024

1. March: The Truth Terminal chat robot was successfully developed and released on X , which attracted attention for its witty responses, the chatbot integrates a crypto wallet.

2. July: Venture capitalist Marc Andreessen donated $50,000 worth of Bitcoin to Truth Terminal, attracting great attention.

3. August: Coinbase announced the completion of the first cryptocurrency transaction between artificial intelligence robots. In this transaction, one AI robot used cryptographic tokens to purchase AI Tokens from another AI robot.

4. October: The first AI Agent token GOAT appeared, which is the token of the Truth Terminal project. The popularity of GOAT made the AI ​​Agent Meme coin quickly become a new hot spot in the market, and many AI Agent related applications Hundreds of new AI Agent tokens are springing up every day.

5. November: ACT token was listed on Binance, with an increase of 422.54% within 1 hour. The market value rose from US$20 million to US$240 million, rising more than 10 times in 10 minutes.

6. December: According to GitHub data, Eliza, the autonomous agent framework developed by the ai16z team, wasGitHub topped the trend list in December, with 4531 new stars added this month and a total of 7015 stars. The Eliza core engineering team is preparing to start a new Eliza framework v2 upgrade

7. December: The market value of VIRTUAL token, the token of the Virtual Protocol protocol token of the AI ​​Agent launch platform on the Base chain, exceeded three billion US dollars.

The development characteristics of the current AI Agent project

In the year 2024, the development of the AI ​​Agent project on the blockchain will be presented There are several characteristics. First, the related Meme hype has ignited the attention on this track. The emergence of AI agent launch platforms has also caused related projects to spring up like mushrooms after a rain. Some practical AI Agents are also emerging. However, overall, innovation in the AI ​​Agent track is still mainly focused on asset issuance and related Meme tokens.

Different AI Agent projects have different focus tracks. For example, Virtuals Protocol focuses on the launch of AI Agents in the gaming and entertainment fields, focusing on providing intelligent interaction and asset management functions for virtual idols, game characters, etc.; while Griffa.in focuses on DeFi automation and research-driven AI applications to help users Asset management, data analysis, content creation and more.

Relevant innovations are also emerging. For example, the latest Spore.fun and aiPool both use Phala Network's TEE (Trusted Execution Environment) technology to implement currency issuance, which avoids the traditional pre-sale model. It creates a fair, transparent and decentralized pre-sale mechanism to solve the problems of "running away" and "insiders".

The current hot AI Agent related projects

AI16ZA Dao and Eliza

AI16ZA Dao and Eliza, one Two sides of the product. The first is AI16ZA Dao, a decentralized AI trading fund based on the Solana blockchain, also known as the “AI Investment DAO”. Its core is to use AI Agent to obtain market information on and off the chain, analyze community consensus, and automatically conduct token transactions. Through tokenized operations, it combines AI trading strategies and decentralized governance to provide investors with More transparent and credible investment opportunities. It is modeled after A16Z co-founder Marc Andreessen, who manages fund assets by analyzing data, formulating investment strategies and autonomously executing trading decisions. Its token symbol is AI16Z is the governance token of AI16Z DAO, used to participate in project governance and decision-making, and also represents the holder’s rights and interests in the fund.

Eliza is an open source modular architecture developed by Shaw, the founder of AI16ZA Dao. It is mainly used to create AI Agents that can interact seamlessly with users and blockchain systems.

AI16Z is designed based on this framework. AI16Z itself has become a representative project of the AI ​​Agent framework. It has a built-in innovative incentive mechanism. All projects developed on the Eliza framework receive 5%-10% of the revenue. % will be allocated to AI16Z DAO Fund, attracting more developers to participate in project development based on this framework. In other words, the more AI agent projects developed using the Eliza framework, the better the development of its ecological AI agent projects, and the greater the value Ai16z can capture. . vice versa.

In summary, the core of Ai16z is the Eliza framework. With this framework, there is an opportunity to gain benefits from the development of the AI ​​Agent project. With benefits, AI16z will also have a value foundation.

At present, projects related to A I 16z Dao are undoubtedly the most popular in the Ai Agent circuit. According to the latest data from Cookie.fun, as of December 30, the ecological market value of ai16z reached US$1.63 billion. , together with Virtuals, account for 56.8% of the AI ​​Agent market share, becoming one of the two leading projects in the AI ​​Agent market.

Virtuals Protocol

Virtuals Protocol is an AI Agent distribution platform for games and entertainment launched on Base. Its main product function is to serve as a launchpad for AI Agents, allowing any Anyone can easily deploy AI Agent.

The project designed the economic model to create an AI Agent that requires a pledge of VIRTUAL tokens, and users need to consume VIRTUAL tokens to purchase new AI Agent tokens. Therefore, the more AI Agents are issued on Virtuals, the more Virtuals tokens will be used. The greater the demand for coins, the positive growth flywheel effect will naturally occur.

As of December 2024, tens of thousands of AI agents have been produced on it, and the market value of VIRTUAL-related ecological projects has also continued to rise. Its current market value has reached nearly US$4 billion.

Spore.fun

This is an AI Agent autonomous reproduction and evolution platform combined with the ai16z Eliza framework. Simply put, this project aims to realize the autonomous reproduction and evolution of AI. this projectBy simulating natural selection, AI agents are allowed to reproduce, mutate and evolve without human intervention.

What is interesting about this platform is that the projects it launches can automatically reproduce when certain conditions are met. To put it in simpler terms, Spore is a mother disk AI that automatically issues disks, and will multiply and fission after a certain period of time to create a daughter disk AI.

The AI ​​Agent on it needs to meet certain conditions to obtain the right to "reproduce" - after its token reaches a certain market valuation (such as $500,000). This is not only a survival strategy, but also one that keeps the ecosystem thriving.

The project has currently created two secondary tokens, namely Adam $ADAM and Eve $EVE. This is an airdrop issued by the Spore.fun project to holders of its token SPORE. Said that these two tokens are the paternal and maternal AI roles of the Spore.fun platform. Four of the three-token coins have been produced, and two of the five-token coins have been produced.

Perhaps the biggest innovation of this project is that it wants AI Agents to reproduce, mutate and evolve without human intervention, becoming more intelligent and diverse with each generation.

The technical innovation of this project may lie in the use of Phala Network’s TEE (Trusted Execution Environment) technology to implement currency issuance, which avoids the “runaway” and “internal” issues in the traditional pre-sale model. "People" problem, creating a fair, transparent and decentralized pre-sale mechanism.

aiPool

Also developed based on the Eliza framework of AI16z, it is a system for AI to issue coins independently. To put it simply, everyone sends money to the AI ​​Agent address, and the AI ​​Agent issues coins independently. The project wants to solve the problems of MEME currency running away, insiders, and robots running away.

The overall engineering implementation of aipool is not complicated. The user sends SOL (non-CA address) to the AI ​​Agent's wallet address, which generates a private key in the TEE environment and presets access permissions to manage the Pool. When certain conditions are reached, AI will automatically create a liquidity pool on the DEX on the chain, distribute tokens to qualified participants, and collect transaction fees collected into the AI ​​wallet;

The entire process is the same as before The popular KOL money-making FI is no different. The difference is that this round of money-making FI is driven by AI Agent. The AI ​​Agent independently controls the private key address (cannot run away). AI Agent independently creates a trading pool (setting up a whitelist, unlocking funds in batches, setting initial prices, using oracle pricing, etc.) to reduce the impact of MEV arbitrage.

Technically, it adopts the PhalaNetwork TEE technology solution, which allows AI to generate private keys independently.

Aixbt

An AI Agent Meme project created through Virtuals Protocol. The project aims to analyze hot spots and trends in the encryption market through artificial intelligence, provide users with accurate market trend predictions and sentiment analysis, and help users quickly seize market changes and potential investment opportunities.

It integrates real-time data from more than 400 KOLs and social media, and conducts in-depth mining and analysis of these data through its own proprietary engine to extract valuable market information and trend predictions. For investors. This token belongs to the AI ​​Meme sector and its current market value has exceeded US$600 million.

Griffain

An AI Agent search engine project based on Solana chain. This token was selected into the third phase of Binance Alpha project.

The project is currently accessible by invitation only, requiring an early pass or Genesis token. Users can create personal AI Agents in Griffin, which are divided into two types: personal agents and special agents. They support modification instructions and on-chain operations. The agent network allows users to manage tasks and access Griffin's agent network, while providing built-in wallet functionality to simplify transaction operations.

It is worth mentioning that the Blinks ecosystem on Solana is an innovative gadget launched by Solana, which allows users to share blockchain links on different social platforms, such as Twitter and Telegram. , this user can complete blockchain transactions directly on the social media platform.

In the Blinks ecosystem, Griffin, as an artificial intelligence agent engine, can provide intelligent support for various applications and operations in the Blinks ecosystem. For example, in Blinks' on-chain operations, Griffin can help users understand and execute complex operation instructions more conveniently through natural language processing and other technologies, achieving a more intelligent user experience.

Blinks provides Griffin with a wider range of application scenarios and user base. Through the social sharing and convenient operation features of Blinks, Griffin's applications can more easily reach ordinary users, thereby expanding its application scope in different fields, such as achieving more intelligent interactions and experiences in social interaction, gaming and entertainment, etc. .

Precisely because it is embedded in the Blinks ecosystem, Griffin has real application scenarios, which is different from some hyped AI Agent projects.

Spectral

This project was established long before the hottest AI Agent project on the market. It was established in 2020 and launched its machine intelligence network in 2023.

The project wants to change the blockchain industry by converting natural language into Solidity code, enabling the creation of smart contracts, NFTs, and more. It is committed to building an agent machine intelligence network on the Web3 chain. Through cutting-edge AI and ML technologies, it lowers the threshold for smart contract writing, adjustment and deployment, and promotes the deep integration of autonomous agents on the chain with the Web3 ecosystem.

The project has three main products. The first is Spectral Syntax, a platform designed to address the limitations of centralized AI models, allowing users to use large language models (LLMs) optimized for Solidity code. Create blockchain-based AI Agent. Through a conversational interface, users can build and explore custom on-chain agents, capable of deploying autonomous AI for tasks such as trading, transaction processing, and smart contract interaction with minimal oversight.

The second product is Spectral Nova, which is a machine intelligence network designed to provide high-quality decentralized reasoning feedback for smart contracts. Through ecological incentive initiatives, top data scientists and machine learning engineers are encouraged to build models. These models output reasoning feedback to help smart contracts make decisions without human intervention, and all inferences can be ensured through zero-knowledge proof and verifiable computing technology. Correctness and security, thereby helping Web3 applications improve service quality.

The third product is Inferchain, which is the bridge between Spectral Syntax and Spectral Nova. As Spectral’s L2 customized for Web3 development, it integrates with AI in a trustless and verifiable manner to ensure data and smooth transmission of commands, ensuring the transparency and decentralization of the entire network, and promoting more secure and efficient interactions between agents on each chain.

Existing problems and future

Looking at the above typical AI Agent projects, we can find that the biggest problem currently existing in this track may be the inescapable Meme Attributes. In the short term, from the perspective of asset issuance narrative, the most intuitive feeling of AI Agent is still MEME.

The explosion of this round of AI Agent track started with the explosion of Meme token Goat, and then Virtuals became popular. Although it is an AI Agent launch platform, it is essentially a Pump-like Meme launcher for .fun.

Messari pointed out in the latest report that the current development of AI Agent projects in the blockchain industry has not proven that its product adaptability is sufficient to support market speculation. Currently, AI Agent lacks demand and has no clear user base. At present, The launch of AI agents relies on market speculation, but this speculation cycle will collapse when the market realizes that they will remain just playthings for the foreseeable future. In summary, its predicted AI AgentIt will be difficult for the track to recover after its market value reaches its peak in the first quarter of 2025.

The combination of blockchain and AI Agent must eventually be implemented into specific applications and cannot be just a financial hype. To realize this original intention, we have to return to the essence of the combination of blockchain and AI: What does the development of AI Agent require blockchain to do? What can AI Agent bring to the blockchain?

For AI Agent, blockchain is a direction to realize its "autonomous payment and transaction". At the current stage, blockchain has the characteristics of lower threshold for opening an account, which can reduce the friction costs of traditional finance such as account opening and intermediary. Moreover, on-chain transactions can realize real-time transactions and improve transaction efficiency. For blockchain, the combination of AI Agent and blockchain also gives many blockchain projects themselves more artificial intelligence aspects.

At present, the AI ​​Agent projects in the blockchain field that we have seen that can be implemented are basically based on AI Agent serving the blockchain, and there are very few projects that can actually be implemented.

However, in the 2025 encryption industry trend outlook released by many institutions recently, a16z, VanEck, Bitwise, Hashed, Blockworks, Messari, and Framework all pointed out that AI Agent-related products will explode in 2025. growth.

We are optimistic about the development of the industry. We look forward to the explosion of more related projects that can be implemented in 2025 after the bubble recedes.