From the Remains of Blockchain Games to AI Agent Issuance Platform: The Rebirth of Virtuals Protocol

In June 2025, the crypto world witnessed an unprecedented migration of wealth. The new project IRIS made its debut on an issuance platform powered by an AI agent with an initial market value of $200,000, which skyrocketed to $80 million after its launch, setting a new industry record with a 400-fold increase. This performance far exceeded the increase records of other previous projects, overshadowing the "meme coin season" of a certain public blockchain ecosystem. As the driving force behind this myth, the tokens of the platform saw a 400% surge within six months, with the market value peak surpassing $5 billion. Now, this platform has firmly established itself as the largest AI agent launch platform on a certain Layer-2 network. Behind this nationwide celebration lies an experiment in wealth distribution based on point rules, quietly reshaping the speculative logic and value order of the crypto market.

01. Ruins Rebirth: From the Remains of Chain Games to AI Intelligent Agent Issuance Platform

This decentralized platform is deployed on a certain Layer-2 network and is committed to pioneering an on-chain AI agent economy, allowing 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, successfully raising approximately $16 million due to precise positioning in several popular projects, with a valuation once approaching $600 million, accumulating rich gaming assets and an active player community. However, the 2022 bear market severely impacted GameFi, causing the guild's token price to plummet by nearly 99%, with its market value shrinking to less than $6 million. The team attempted various business lines, including a social app, NFT apparel, and a music platform, all of which failed, putting the project on the brink of stagnation.

By the end of 2023, the wave of generative AI swept the globe, and the concept of AI agents became a new focus in the crypto space. The guild community voted through on-chain DAO (with a support rate of up to 90%) to completely transform into an AI-driven protocol and renamed it to its current name, with a core strategy shifting to "assetizing, tokenizing AI agents and empowering the community." This transformation is based on profound insights: the team discovered that the Japanese VTuber market size exceeds 100 billion yen, but creators receive less than 20% of the revenue; at the same time, experiments on a certain platform proved that AI-driven NPCs can increase player retention rates by about 3 times. These two pieces of data directly gave rise to the platform's positioning of "profitable AI personalities."

In October 2024, the platform launched on a certain Layer-2 mainnet and introduced the first multimodal AI agent - the virtual idol Luna. Luna integrates technologies such as text generation, 3D motion, voice synthesis, and smart contract wallets, enabling it to autonomously raise operational funds and distribute rewards to fans. After its launch, Luna quickly gained 500,000 followers on social media, with monthly income reaching $1.2 million solely from fan tips, successfully validating the business model and technical feasibility of on-chain AI agents. Its demonstration effect attracted a large number of developers to pay attention to the project itself.

Riding on the success momentum of projects like Luna, the platform will launch its core token on multiple exchanges and Layer-2 networks by the end of 2024. Its price soared from an initial few cents to a historical high of $5.15, with a market cap temporarily exceeding $5 billion, 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 innovative "low threshold and high incentive" mechanism is highly attractive: users only need to stake about $200 to create a new AI agent and automatically generate a liquidity pool locked for 10 years; when the token market cap reaches about $500,000, the system will release the liquidity layer on the DEX to ensure trading depth and price stability. This model significantly lowers the participation threshold and stimulates enthusiasm for ecological development.

By June 2025, the platform ecosystem has demonstrated significant scale and economic effects: the total 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 almost nurtured over 80% of the AI agents on this Layer-2 chain, and its launched generative multimodal agent framework 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, how to attract more ecosystem members to join is key to achieving this grand objective and will be the focus of its development for a long time to come.

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

In order to attract more user attention, the platform has innovatively introduced the "Genesis Launch" mechanism for the issuance of AI agent tokens. Unlike traditional linear airdrops or fixed issuances, Genesis Launch is based on the concept of "contribution points," emphasizing participation and contribution rather than pure speculation. Once launched, Genesis Launch quickly became a sensation across the internet, and the platform's new token offerings have become a new hotspot for "profit-seeking" participants, with even seasoned speculators discussing how it may replace the once-popular "Alpha airdrop" model. Compared to traditional airdrops that are distributed in a lump sum, often leading users to sell immediately, Genesis Launch emphasizes "contribution equals distribution," allowing everyone the opportunity to participate in new token subscriptions based on genuine input. Almost every day in the platform's official community, members can be seen sharing screenshots of profits earned by participating in new token offerings using contribution points, showcasing the open and transparent rules and thresholds that have completely overturned the situation of "wealthy individuals seizing opportunities, while retail investors are left out."

Taking IRIS as an example, the project launched its presale in mid-May, locking in over 120 million points in less than 24 hours, with an oversubscription rate of 1500%. Tens of thousands of users divided 37.5% of the community share. On the listing day, 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 overshadowing the previous hype of a certain public chain ecosystem's "Shitcoin Season."

The reason why Genesis Launch was able to gain rapid popularity lies in its construction of a closed loop of "incentives - contributions - rewards." First, users can earn basic contribution points by staking platform tokens or holding the highly sought-after AI Agent tokens within the ecosystem, such as Luna and AIXBT; secondly, users can also accumulate more points by participating in social promotion, trading on the platform, or staking tokens from other projects. In this way, whether you are a technical novice or an experienced trader, you can find a suitable way to contribute through financial investment or content promotion, greatly stimulating community activity and innovation.

In stark contrast, traditional airdrops often rely solely on wallet snapshots or completing complex tasks, and users typically sell the tokens they receive on the same day. According to data platforms, over 90% of airdrop tokens experience a significant price drop within 15 days after issuance, with a retention rate of less than 12% after three months. The Genesis Launch uses a points locking + punitive cooling mechanism: if the newly acquired tokens are sold within 24 hours after unlocking, it will trigger a 10-day points reset, significantly curbing the arbitrage activities of "wool-pulling" participants, making them more inclined to hold long-term and contribute continuously.

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 platform tokens or stablecoins injected into the liquidity pool before the opening, ensuring that there won’t be any awkward situations of "unable to buy at price" or "unable to sell orders" on the exchange or DEX. To prevent whales or bots from occupying a large share through multi-wallet sniper strategies, Genesis Launch 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 users can also reap considerable shares.

The success of the platform's new token issuance model lies not only in the popularity of the new tokens but also in the "old drives new" effect of ecological tokens. Since the large-scale launch of Genesis Launch, the trading volume and price of platform tokens have been rising sharply: by mid-June 2025, the average daily trading volume on the Layer-2 chain had exceeded $150 million, an increase of over 80% compared to May; meanwhile, holding and staking platform tokens to obtain governance tokens also allows users to continue earning additional contribution points, leading a large number of users to lock in 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 strong 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 a certain exchange, supporting up to 2000 times leverage trading. On the first day of its launch, the contract trading volume surpassed 700 million USD, strongly conveying a signal: this platform is becoming a new target for speculation and hedging in the eyes of institutional investors.

03. Ecological Evolution Theory - The Thrilling Leap from Issuance Platform to AI Sovereign Society

In the future planning of the platform, every technological upgrade and mechanism innovation aims to make the outline of the "AI Sovereign Society" increasingly clear. In the initial stage, the platform was merely an AI agent issuance platform, quickly gathering a group of enthusiastic developers and users through liquidity locking, buyback and destruction, and other token economic mechanisms. As hundreds of AI agent projects were implemented, the agents began to operate independently and monetize autonomously in scenarios such as gaming, content creation, and market analysis. Users were no longer just spectators but became co-builders and beneficiaries. The Genesis Launch connected project growth and community participation with 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 between multiple networks through an 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, gaining 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 Genesis Launch of a certain mainnet was listed with a 1500% oversubscription rate, 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 steadily operating in a cross-chain environment, with a market value of over $100 million... These data 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 maturity of multimodal AI technology and cross-chain interoperability, this 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 a simple issuance channel but is nurturing a new type of society from the bottom up, one that is co-governed by countless AIs and humans—this is true ecological evolution, and an exciting leap into an "AI sovereign society" has just begun.