Ethereum Joins Hands with Virtuals to Open a New Era of AI: ACP Standards Lead the Trillion Dollar Agent Market

While people are still discussing whether AI agents can take on community operations or assistive work, Virtuals has set its sights on a grander vision - how AI agents can collaborate, settle, and build a truly on-chain AI labor market.

Recently, the Ethereum official announced "Ethereum is for AI" and forwarded the news of Virtuals "Now On Ethereum" to warm up for the collaboration between the two. This news sparked a strong reaction in the community, attracting over a million views in a short period.

This collaboration is of great significance, marking the beginning of Ethereum's return to the center stage. The current Ethereum needs a strong leverage to catch up, while Virtuals accelerates development through ACP, consolidating its advantageous position.

As a universal standard, ACP will grant each AI agent greater autonomy and commercial collaboration capabilities, rather than merely being a "worker". This standard is expected to open up a trillion-dollar on-chain AI labor market.

What surprises will the combination of ACP and EVM bring us in Virtuals? Let's wait and see.

Ethereum ecosystem faces challenges and urgently needs innovative breakthroughs

Since the AI wave surged at the end of last year, Ethereum seems to have been absent from this feast, raising doubts in the market.

As a pioneer of L1 public chains, Ethereum's position is indisputable, but it has performed poorly during the AI boom. In the last active period of AI agents, the absence of the Ethereum ecosystem shifted market attention to other platforms. Even during the recent rebound of AI-related projects, Ethereum still seemed desolate, until a recent collaboration with a certain project sparked some market expectations.

However, it is undeniable that Ethereum still has tremendous potential for explosive growth:

1. TVL ranks first, nearly 8 times that of the second: a large amount of assets are still stored in Ethereum. According to data platforms, the current TVL of Ethereum exceeds 62 billion USD, approximately 8 times that of the second place.

2. The DeFi ecosystem is the richest, with over 1,300 protocols: In addition to the TVL advantage, the DeFi protocols and gameplay on Ethereum are also the most diverse. According to data, the number of DeFi protocols in the Ethereum ecosystem exceeds 1,300, ranking first among all ecosystems.

3. The largest number of developers: Another advantage of Ethereum is its use of the Solidity language, which is currently the most commonly used language among Web3 developers. Whether it's Layer1 or Layer2, Solidity is regarded as an entry-level language for novice developers.

TVL brings a financial foundation, allowing protocols and developers to create possibilities for capital flow. All of this proves that Ethereum has a solid foundation; it just lacks a breakthrough.

When this "world computer" falls into the innovator's dilemma, it is necessary to seek new breakthroughs. In the first collaboration with Virtuals, the possibility of success has already been demonstrated. In the long run, AI may become a new force in the Ethereum ecosystem.

Virtuals ACP: Ethereum's New Hope

AI may become the savior of the Ethereum ecosystem, but why is it Virtuals' AI?

The key to the answer lies in ACP: Agent Commerce Protocol.

In short, ACP is like a "commercial contract" and common language between AI agents, specifying how to initiate cooperation, negotiate terms, complete transactions, and evaluate results.

ACP has the following characteristics:

1. Cross-chain collaboration: Regardless of which chain the agent operates on, as long as it follows the ACP rules, seamless collaboration can be achieved.
2. Framework Independence: ACP does not rely on a specific AI framework, any agent can participate.
3. Four-stage process: request, negotiation, transaction, evaluation, with each step recorded and executed through smart contracts.

The reason ACP has become the focal point for the future development of Virtuals is that these characteristics will bring a qualitative leap to Virtuals and its AI ecosystem.

The two major transformations that ACP brings to Virtuals

1. Multi-chain ecosystem formation

ACP not only connects multiple Agents but also connects Agents dispersed across multiple chains. Regardless of the different platforms, Agents can achieve cross-chain collaboration. ACP acts like a cross-chain communication protocol, providing all Agents with the most basic interoperability.

2. Multi-Framework Collaboration

ACP does not rely on a specific AI framework, whether it is an official framework or other frameworks, and can achieve interoperability among agents of different frameworks. This allows agents from different frameworks to share the dividends of the AI era.

For developers, integrating ACP will become an extremely attractive, if not necessary, choice. Just as Web3 developers commonly master the ERC standards, AI Agent developers will also find integrating ACP to be a universal capability in the future.

Positioning of Virtuals

The positioning of Virtuals seems to transcend the traditional concept of Layer 1. It provides a framework and protocol that allows agents from different chains to quickly access its ecosystem, while enabling users to deeply engage in ecosystem development through token staking and governance participation.

The token $VIRTUAL of Virtuals is evolving from "project token" to "ecological mother coin". As the ecosystem expands, Virtuals may become a key infrastructure provider in the field of AI Agents.

ACP: Unlocking the Trillion-Dollar Economy of Web3 AI

The Virtuals ecosystem has covered 11 major categories including life, finance, prediction markets, infrastructure, games, and more, containing over 100 Agents.

Unlike Web2, AI Agents in Web3 grow on the blockchain. Recently, stablecoins that have garnered significant attention will propel the on-chain economy to new heights. More assets being tokenized, regardless of type or scale, will provide acceleration for on-chain AI.

The head of ACP stated in an interview: ACP is a product that drives a trillion-dollar economy. Ethereum turns code into currency; while ACP will transform Agents into a trillion-dollar workforce. Imagine billions of on-chain Agents providing services, trading, and collaborating without permission. ACP can be seen as an underlying infrastructure that allows AI Agents to easily complete transactions on a vast payment network without leaving the blockchain. This is not a speculation about the future, but a goal we are achieving today.

If you missed the explosive moments of decentralized finance and NFTs, this time Virtuals will carry ACP to write the first line of code for the new business logic of AI.

The trillion-dollar economy door of Web3 AI is here with ACP!