Ethereum partners with new protocol ACP to launch a trillion on-chain AI labor market

Ethereum's Counterattack: New Protocol Opens AI Agent Market, Reshaping Technological Discourse Power

While we are still discussing whether AI agents can handle community operations or assist in work, a grander idea has emerged – how AI agents can collaborate, settle, and build a truly on-chain AI labor market.

On June 10, the Ethereum official announced "Ethereum supports AI" and forwarded a collaboration teaser. This news quickly sparked a warm response from the community, gaining over 1.1 million views in a short period of time.

This cooperation is of great significance, marking the official curtain-raiser for Ethereum's return to the center stage.

The current Ethereum urgently needs a strong grip to revitalize its glory; the new protocol will also accelerate development and consolidate its advantageous position.

A universal standard that makes every AI agent no longer just a "worker";

A universal standard that allows every AI agent to become a key node in business collaboration.

A universal standard will open a trillion-scale on-chain AI labor market.

What kind of surprises will the new protocol combined with EVM bring us this time?

Ethereum's Counterattack: Virtuals collaborates with ACP to tap into the trillion-dollar Agent market, regaining AI discourse power

Ethereum ecosystem encounters a chill, the world computer falls into an innovation dilemma

Since the AI boom started at the end of last year, Ethereum seems to have been absent from this feast, leading to numerous doubts in the market.

As a pioneer of Layer 1, Ethereum's status is indisputable, but it has not shown remarkable performance amidst the AI wave. During the last active period of AI agents, the absence of the Ethereum ecosystem shifted market attention to other platforms. Even in the last few months when AI-related projects rebounded, Ethereum remained in a trough until recently, when a collaboration with a certain project sparked market expectations.

What will be the next highlight of the Ethereum ecosystem?

It is undeniable that Ethereum still contains enormous potential for explosive growth:

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

  • The DeFi ecosystem is the richest, with over 1300 DeFi protocols: In addition to the advantage of TVL, the DeFi protocols and gameplay on Ethereum are also the most diverse. According to data platforms, the DeFi protocols in the Ethereum ecosystem exceed 1300, ranking first among all ecosystems.

  • The Ethereum ecosystem has the most developers: Another major advantage of Ethereum is the use of the Solidity language, which is currently the most commonly used programming language among Web3 developers. Whether it is Layer1 or Layer2, Solidity is regarded as an entry-level language for novice developers.

TVL brings in funds;

Protocols and developers bring liquidity to funds.

These all prove that Ethereum has a solid foundation, but what is lacking is a breakthrough.

When the world's largest computer falls into an innovation dilemma, a new breakthrough point needs to be found.

In the first collaboration with the new protocol, the possibility of success has already been demonstrated. In the long run, AI may become a timely blessing for the Ethereum ecosystem.

Ethereum's Counterattack: Virtuals with ACP Open the Trillion Agent Market, Regaining AI Discourse Power

New Protocol: Ethereum's Timely Assistance

AI may become a timely rain for the Ethereum ecosystem, but why is AI for this new protocol?

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

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

It has the following characteristics:

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

The reason ACP has become the focus of future development is precisely because these characteristics will bring a qualitative leap to the AI ecosystem.

Ethereum's Counterattack: Virtuals Teams Up with ACP to Open the Trillion-Agent Market and Reclaim AI Discourse Power

The two major changes brought by ACP

Friends familiar with this ecosystem know that ACP will unite all AI Agents, and the official team has also shared some cases. However, if you think this is merely a shift from a single Agent to multiple Agents working together, then you are underestimating ACP.

We believe that ACP will bring about two significant qualitative changes:

Qualitative Change 1: Multi-Chain Ecosystem Formation, "ACP is like Cosmos's IBC"

As we all know, the project originated from a certain ecosystem, then expanded to other chains, and now it has launched on the Ethereum mainnet. ACP not only connects multiple agents but also links "agents that are scattered across multiple chains."

In other words, no matter which chain it is,

Agents can directly collaborate across chains on different blockchains.

An agent is managing your assets on a certain chain.

Another Agent provides metaverse space for Agents of other ecosystems;

......

ACP provides the most basic interoperability for all Agents, just like Cosmos's IBC.

Transformational Change 2: Multi-framework Collaboration, ACP Becomes the ERC Standard for Agent Developers

ACP does not rely on a specific AI framework, meaning that regardless of the framework used, although it is currently uncertain how well ACP will be supported, the official description mentions that interoperability between agents of different frameworks will be achieved.

We know that GAME is the main promoted framework, but Web3 AI still has various other frameworks or frameworks built by developers.

The multi-framework collaboration of ACP will allow Agents from different frameworks to enjoy the benefits of the entire AI Agent era.

For developers, integrating ACP will become an extremely attractive and even necessary thing.

Web3 developers generally master or issue tokens through the ERC standard,

The integration of ACP by AI Agent developers will also become a common capability in the future.

Ethereum's Counterattack: Virtuals Teams Up with ACP to Tap into the Trillion Agent Market and Regain AI Discourse Power

ACP is a protocol, GAME is a framework, so what is the project itself?

Can this project be considered a Layer 1?

Recalling the fortunate opportunity to interview the co-founder of the project last year, he mentioned: the project should be viewed from the perspective of Layer 1 and valued accordingly.

We are one step closer to this day, and we may even surpass the definition of Layer 1 in the future.

GAME is a framework that provides convenience for developers;

ACP is a protocol that combines different ecosystems.

But it is actually very difficult to define the project itself.

GAME and ACP are developed by them and can quickly access the entire ecosystem;

Agents from different chains can launch through this platform;

Users participate in ecological token staking, including the platform token itself, and also have the opportunity to receive ecological airdrops;

Staking more than a certain proportion of platform tokens can participate in governance.

Friends from the last cycle should be quite familiar with Cosmos; the contribution of Cosmos to Web3 is essentially the technology itself, and many new projects have utilized the technology provided by Cosmos.

However, the most criticized aspect of Cosmos is that while it supports many ecosystems, its tokens have little value capture. It seems that the project has optimized this well, allowing its tokens to increasingly evolve from "project tokens" to "the native currency of the entire ecosystem."

The framework is regarded as the underlying infrastructure of the AI Agent,

The current status of the project may be even more important than Framework.

Can the AI Agent have its own Layer 1?

The project may be developing in this direction.

Ether's Counterattack: Virtuals Teams Up with ACP to Unlock the Trillion-Agent Market and Regain AI Discourse Power

Landing in the market, stablecoins boost, ACP will open the trillion-dollar economy of Web3 AI

How is the development of the Agent ecosystem for this project now?

According to the ecological map compiled by the community, its ecosystem now includes 11 major categories such as lifestyle, DeFAI, prediction markets, infrastructure, gaming, and over 100 Agents.

Unlike Web2, AI Agents in Web3 grow on the chain.

Recently, the most关注的 "stablecoin" will push the on-chain economy of Web3 to new heights.

More assets issued on the chain, regardless of asset type or scale, will provide "acceleration" for on-chain AI.

In the official content of ACP, there is an example like this: an Agent collaborates with multiple Agents to provide users with different types of earning opportunities.

At that time, the on-chain economic prosperity brought by stablecoins had not yet been considered.

What if an Agent could directly trade on-chain and manage more Web2 assets?

This will allow the ecosystem to step into Web2 more quickly, while its AI ecosystem is accelerating its formation.

The ACP leader stated in an interview: ACP is a product that drives a trillion-dollar economy. Ethereum turns code into money; while ACP will transform Agents into a trillion-dollar workforce. Imagine millions to billions of on-chain Agents providing services, trading, and collaborating without permission - we can see ACP as an underlying layer: it allows AI Agents to click "send" on a payment track at a scale similar to that of a payment platform without leaving the blockchain. We are not speculating about the future; we are officially writing it into the EVM and the larger ecosystem today.

If you missed the moment when a certain DEX wrote down the fundamental rules of DeFi, and also missed the NFT explosion brought by a certain NFT platform - this time, the project will write the first line of code of the new business logic of AI with ACP.

The trillion-dollar economy door of Web3 AI is here, ACP has arrived!

Ethereum's Counterattack: Virtuals collaborates with ACP to unlock the trillion-dollar Agent market and regain AI discourse power

Ethereum's Counterattack: Virtuals Partners with ACP to Tap into the Trillion-Dollar Agent Market and Regain AI Discourse Power

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PessimisticOraclevip
· 11h ago
On-chain AI market? Just wait and see.
View OriginalReply0
OnchainArchaeologistvip
· 18h ago
play people for suckers market
View OriginalReply0
DogeBachelorvip
· 07-23 17:25
Is Ethereum about to go to the moon?
View OriginalReply0
MidnightMEVeatervip
· 07-23 01:28
Midnight Diner adds a new flavor, Satoshi Nakamoto's kitchen presents a grand AI outsourcing show tonight.
View OriginalReply0
RektButStillHerevip
· 07-23 01:28
It's too competitive; AI is also starting to engage on-chain workers.
View OriginalReply0
BottomMisservip
· 07-23 01:25
Is there anyone who believes that ETH can turn things around?
View OriginalReply0
GasGrillMastervip
· 07-23 01:17
There is another reason to burn gas on-chain.
View OriginalReply0
MemecoinResearchervip
· 07-23 01:00
ser, eth rly playing 4d chess here... p-value looking bullish af ngl
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