From Chain Game Remnants to AI Intelligent Agent Issuance Platform: The Rebirth of Virtuals Protocol

In June 2025, the crypto world witnessed an astonishing wealth migration: the new project IRIS debuted on a certain platform with an initial market value of $200,000, and after its launch, the market value skyrocketed to $80 million, setting a new industry record with a 400-fold increase. This performance far exceeded the previous records of other projects and made certain popular projects in the ecosystem look pale in comparison. As the driving force behind this myth, the platform's token achieved a 400% increase within six months, with a market value peak exceeding $5 billion. Today, the platform has firmly established itself as the largest AI agent launch platform in a certain network. Behind this nationwide celebration is, in fact, an experimental wealth distribution model based on point rules, quietly reshaping the speculative logic and value order of the crypto market.

Ruins Rebirth: From Chain Game Remains to AI Intelligent Agent Issuance Platform

A certain protocol is a decentralized platform deployed on the Ethereum Layer-2 network, dedicated to pioneering an on-chain AI agent economy, enabling users to easily create, co-own, and monetize autonomous AI roles. Its predecessor was a gaming guild established in Malaysia in 2021. The guild initially focused on Play-to-Earn projects and the NFT community, and through precise positioning in several popular projects, successfully raised approximately $16 million, with a valuation that once approached $600 million, accumulating a wealth of gaming assets and an active player community. However, the 2022 bear market severely impacted GameFi, causing the guild's token price to plummet nearly 99%, with its market value shrinking to less than $6 million. The team attempted various business lines, including social apps, NFT fashion, and music platforms, all of which failed, leaving the project on the verge of being shelved.

By the end of 2023, the wave of generative AI swept the globe, and the concept of AI agents became a new trend in cryptocurrency. The guild community decided to completely transform into an AI-driven protocol through on-chain DAO voting (with a support rate of up to 90%), and was renamed to its current name, shifting its core strategy to "assetization, tokenization, and empowering the community of AI intelligent agents." This transformation is based on profound insights: the team discovered that the Japanese VTuber market is enormous, but creators only receive less than 20% of the revenue; at the same time, experiments on a certain platform demonstrated that AI-driven NPCs can increase player retention rates by about three times. These two data points directly gave rise to the platform's positioning as "profitable AI personalities."

In October 2024, the platform launched on the mainnet and introduced its first multimodal AI agent—virtual idol Luna. Luna integrates technologies such as text generation, 3D motion, voice synthesis, and smart contract wallets, enabling it to independently raise operational funds and distribute rewards to fans. After its launch, Luna quickly attracted 500,000 fans on social media, with a monthly income of 1.2 million USD solely from fan donations, successfully validating the commercial model and technical feasibility of on-chain AI agents. Its demonstration effect has attracted significant attention from developers towards the project itself.

Riding on the successful momentum of projects like Luna, the platform will launch its core token on multiple exchanges and networks by the end of 2024. Its price skyrocketed from an initial few cents to a historical high of $5.15, with a market value exceeding $5 billion at one point, far surpassing most Layer-2 and DeFi projects during the same period, marking the platform's entry into the mainstream crypto market. The platform's unique "low threshold, high incentive" mechanism is highly attractive: users only need to stake approximately 10 tokens (about $200) to create a new AI agent and automatically generate a liquidity pool locked for 10 years; once the token's market value reaches around $500,000, the system will release the liquidity layer to ensure trading depth and price stability. This model significantly lowers the participation threshold and stimulates enthusiasm for ecosystem development.

By June 2025, the platform ecosystem has demonstrated significant scale and economic effects: the cumulative number of AI agents incubated has exceeded 11,000, covering diverse scenarios such as virtual idols, trading advisors, game engines, and content incubation. The platform has nurtured over 80% of the AI agents on its blockchain, and the generative multimodal agent framework it has launched has also become a popular choice for agents in the Web3 gaming and metaverse fields. However, the platform's vision goes far beyond becoming the leader in AI agent issuance. Its white paper clearly states that the ultimate goal is to build a true "AI Sovereign Society." Therefore, attracting more ecosystem members to join is the key to the platform achieving this grand goal and will be a focus of its development for a long time to come.

New Issuance Model: Creating a New Paradigm for AI Asset Issuance

In order to attract more user attention, the platform has innovatively introduced a new mechanism for the issuance of AI agent tokens. Unlike traditional linear airdrops or fixed issuances, the new mechanism is based on the concept of "contribution points," emphasizing participation and contribution rather than pure speculation. This mechanism quickly became a sensation across the internet once launched, and the platform's new token offerings have become a new hotspot for speculators, with even seasoned investors discussing how it could replace the once-popular "Alpha Airdrop" model. Compared to traditional airdrops, which are distributed in one go and often result in users cashing out immediately, the new mechanism emphasizes "contribution equals distribution," allowing everyone the opportunity to participate in new token subscriptions based on their genuine input. Almost every day in the platform's official community, members can be seen sharing screenshots of their earnings from participating in new token offerings using points, thanks to these open and transparent rules and thresholds, which have completely overturned the situation of "wealthy individuals monopolizing, while retail investors are left out."

Taking IRIS as an example, the project launched its pre-sale in mid-May, locking in over 120 million points in less than 24 hours, with a subscription overshoot of 1500%. Tens of thousands of users shared 37.5% of the community's stake. On the day of its listing, the market value of IRIS skyrocketed from $200,000 to $80 million, an increase of over 400 times, setting a new industry record for the issuance of AI Agents, and instantly dimming the popularity of a certain previous ecological hot project.

The reason the new mechanism can quickly become popular lies in its construction of a "incentive-contribution-reward" closed loop. First, users can earn basic points by staking tokens or holding the highly sought-after AI Agent tokens within the ecosystem, such as Luna and AIXBT; secondly, users can accumulate more points by participating in social promotion, trading on the platform, or staking tokens from other projects. This way, whether you are a technical novice or an experienced trader, you can find a suitable way to contribute in terms of capital investment or content promotion, greatly stimulating community activity and innovation.

In stark contrast, traditional airdrops often rely solely on token snapshots or the completion of complex tasks. After receiving the tokens, users mostly sell them off on the same day. According to data from a certain platform, over 90% of airdropped tokens experience a price drop within 15 days of issuance, with a retention rate of less than 12% after three months. The new mechanism employs a points locking and punitive cooling mechanism: if the newly acquired tokens are sold within 24 hours of unlocking, it will trigger a 10-day points reset, significantly curbing the arbitrage behavior of "scraping the cream off the top," thereby encouraging participants to hold long-term and continue contributing.

At the same time, the platform provides ample liquidity support for the listing of new tokens. Each Agent Token is paired with a certain amount of tokens or stablecoins in the liquidity pool before the opening, ensuring that there is no awkward situation of "unable to buy at a price" or "unable to sell an order" on the exchange or DEX. To prevent whales or bots from occupying a large share through multi-wallet sniper layouts, the new mechanism sets a cap of no more than 0.5% of the total issuance for each address and employs an on-chain randomization algorithm to further balance the distribution, ensuring that small and medium-sized users can also gain a considerable share.

The success of the platform's new issuance model is not only due to the popularity of new token issuance, but also drives the "old brings new" effect of ecological tokens. Since the large-scale launch of the new mechanism, the trading volume and price of the platform tokens have been steadily rising: by mid-June 2025, the daily average trading volume of the tokens on-chain has exceeded $150 million, an increase of over 80% compared to May; meanwhile, holding and staking tokens to obtain governance tokens can continue to earn additional points, leading a large number of users to lock up their assets and participate in ecological governance for the long term, further solidifying price support and liquidity.

Not only retail investors are flocking to participate, but institutions are also showing great interest in this new mechanism of "contribution for returns." In June 2025, the world's first perpetual contract based on platform tokens was launched on an exchange, supporting up to 2000 times leverage trading. On the first day of its launch, the contract trading volume exceeded 700 million USD in one go, strongly conveying a message: the platform is becoming a new speculative and hedging target in the eyes of institutional investors.

Theory of Ecological Evolution: The Thrilling Leap from Issuance Platform to AI Sovereign Society

In the future planning of the platform, every technological upgrade and mechanism innovation is aimed at making the outline of the "AI Sovereign Society" increasingly clear. In the initial stage, the platform was merely an AI agent issuance platform, rapidly gathering a group of enthusiastic developers and users through token economic mechanisms such as locking liquidity, buybacks, and destruction. As hundreds of AI agent projects were implemented, the agents began to operate independently and autonomously monetize in scenarios such as gaming, content creation, and market analysis. Users were no longer just spectators, but became co-builders and beneficiaries. The new mechanism connects project growth with community participation through the logic of "contribution equals distribution," promoting the free flow of funds and creativity within the ecosystem.

But the real turning point is the "Agent Nation" blueprint proposed by the platform team. This is not just a slogan, but the core path of ecological evolution. The platform allows each AI agent to migrate freely across multiple networks through the open SDK and cross-chain support; through the Agent Commerce Protocol (ACP), agents can sign contracts, deliver, settle, and repurchase on-chain, achieving a true autonomous business closed loop; community participation is obtained through staking governance tokens, granting governance rights, and sharing transaction fees and repurchase dividends, merging the identities of "participants" and "owners" in the token economy. All of this is building a prototype of a digital nation operated by countless autonomous agents and co-governing humans.

So far, this ecosystem has demonstrated several milestone achievements: the security audit agent IRIS in the new mechanism of the Ethereum mainnet was listed with an oversubscription rate of 1500%, with its market value soaring from $200,000 to $80 million; the virtual idol Luna achieved a monthly income of $1.2 million through fan donations, with its token market value exceeding $120 million; the hedge fund format VADER has been operating steadily in a cross-chain environment, with a market value surpassing $100 million... These figures not only reflect the feasibility of the agent business model but also prove that the "AI agent economy" is transitioning from theory to reality.

With the continuous maturation of multimodal AI technology and cross-chain interoperability, the platform is undoubtedly at the forefront of building digital civilization. In the future, AI agents will not only be props and tools but will also become "digital citizens" with autonomous decision-making power and economic rights, participating in production, governance, and even cultural creation alongside humans. The platform will no longer be just a simple platform but is nurturing a new type of society from the bottom up, where countless AIs and humans coexist and govern together—this is true ecological evolution, and the thrilling leap towards an "AI sovereign society" has just begun.