We’re excited to announce the listing of VirtualsProtocol token (VIRTUAL) on Bitso! As a cutting-edge player in the decentralized AI space, VIRTUAL empowers users with co-ownership and governance of AI agents, creating entirely new ways to interact with and benefit from artificial intelligence. Whether you’re a blockchain enthusiast, an AI advocate, or simply exploring the potential of digital co-ownership, VIRTUAL opens up exciting possibilities.
What is VIRTUAL?
VIRTUAL is the native utility token of the Virtuals Protocol, a decentralized AI agent launchpad that enables community-driven co-ownership of AI agents. By leveraging blockchain technology, the platform transforms AI agents into revenue-generating assets that users can own, manage, and profit from.
VIRTUAL tokens are central to this ecosystem, enabling governance and facilitating transactions, including the creation and management of AI agents. Additionally, it serves as the foundation for tokenizing and co-owning these agents, linking user interactions to their success. With its innovative approach, the Virtuals Protocol unlocks new use cases across industries like entertainment, social media, and digital platforms.
Think of VIRTUAL as the key to building and owning your slice of the future in AI-powered experiences.
Three Key Aspects of VIRTUAL
- Co-Ownership and Revenue Sharing
VIRTUAL introduces a unique model where users can co-own AI agents, such as virtual influencers or customer service bots. For example, a virtual artist can host concerts or livestreams, earning revenue from user interactions. This revenue is shared with co-owners of the agent through the VIRTUAL ecosystem, creating a decentralized and inclusive ownership model. - Community-Driven Governance
The platform’s Agent SubDAO Governance framework ensures that AI agents maintain high standards of quality and adaptability. By staking VIRTUAL tokens, users can vote on decisions that impact the development and functionality of these agents, ensuring alignment with community interests and market demands. - Integrated Token Economics for Long-Term Value
VIRTUAL employs a dual-token model, linking the success of individual agents to the broader ecosystem. Agent-specific tokens are paired with VIRTUAL tokens in liquidity pools, creating a direct relationship between agent performance and token value. This integrated system incentivizes co-owners and stakeholders, ensuring that both VIRTUAL and agent tokens benefit as agents thrive and generate revenue.
A Practical Example of VIRTUAL in Action
Imagine Luna, a virtual AI agent created to engage with fans on social media platforms like TikTok. Luna operates as an interactive digital persona offering unique experiences to users:
- Hosting exclusive live Q&A sessions.
- Performing virtual concerts or showcasing creative content.
- Offering personalized shoutouts, digital merchandise, or premium fan subscriptions.
Through the Virtuals Protocol, users can co-own Luna by purchasing her governance tokens, giving them a stake in her success. Here’s how it works:
- Luna Launches: Luna debuts on the Virtuals Protocol, minting governance tokens to fund her operations.
- Revenue Generation: Luna generates income through livestreams, digital goods, and fan engagement.
- Shared Success: Revenue is distributed among Luna’s stakeholders—her creators and governance token holders. For example:
- Luna earns $500,000 in livestream ticket sales.
- A portion of this revenue is used to buy back and burn Luna’s governance tokens, increasing their value.
By pairing Luna’s tokens with VIRTUAL tokens in a liquidity pool, the Virtuals Protocol ties her success to the broader ecosystem, benefiting all participants. This model empowers fans to directly support and profit from their favorite AI agents, fostering an entirely new form of digital interaction and ownership.
How to Get Started with VIRTUAL on Bitso
Getting started with VIRTUAL is easy:
- Create a Bitso Account
Sign up on our platform and complete the verification process. - Fund Your Wallet
Deposit your local currency or cryptocurrencies to start trading. - Buy VIRTUAL
Go to the Buy/Sell section in your Bitso app, select VIRTUAL and the cryptocurrency you want to trade it for (like USDT or ETH), place your order, and start exploring the world of decentralized AI ownership.
Remember, VIRTUAL is currently listed as an ERC-20 token on Ethereum, ensuring compatibility with a greater number of wallets and DeFi platforms. Future expansions to Base will depend on user demand.
Disclaimer
This blog post is for informational purposes only and does not constitute financial advice. While VIRTUAL offers exciting opportunities, it is a young asset in a competitive and emerging AI space. Please conduct your own research (DYOR) and assess your risk tolerance before trading. Bitso encourages responsible trading practices and transparency.
