Virtuals Protocol

Virtuals Protocol (VIRTUAL) is a platform introduced in 2024 for making AI agents and giving each one its own token. The agents are aimed at gaming, entertainment and virtual environments. The project first ran on Base, an Ethereum Layer 2 network, and by 2025 it also operated on Ethereum mainnet, Solana and Ronin.

The VIRTUAL token acts as the common currency for agent activity. Creating an agent costs 100 VIRTUAL under a bonding curve design. The agents handle text, speech and 3D animation, and they can run on-chain wallets by themselves. Their behavior runs on the GAME framework.

Jansen Teng and Weekee Tiew are the founders, and the project traces back to PathDAO, a gaming guild from 2021. PathDAO moved into AI agents during January 2024. Seed funding of $16 million was led by DeFiance Capital and Beam.

Holders can stake VIRTUAL to obtain veVIRTUAL for DAO governance. Fees paid in VIRTUAL during agent use fund periodic burns that lower the token's supply.