Virtuals Protocol, a platform for creating and owning AI agents, has experienced a significant surge in its native cryptocurrency, VIRTUAL, which has outperformed major cryptocurrencies with a 200% increase over the past month. This growth has been driven by increased interest from 'smart money' investors. However, the platform is simultaneously facing challenges, as its revenue has plummeted by over 96% from its peak, reflecting a broader decline in demand for AI agents. Additionally, the platform's security was compromised when its Discord server was hacked, although a critical bug in an audited contract was promptly fixed. Despite these setbacks, Virtuals Protocol remains relevant in the AI space, with platforms like Ethereum-based game Illuvium planning to integrate its AI agents for enhanced gameplay experiences. These developments highlight the volatile nature of the cryptocurrency market and the ongoing interest in AI technology, despite current revenue challenges.
VIRTUAL Cryptocurrency: A Mixed Bag of Growth and Challenges
September 03, 2025
1 min read
Virtuals Protocol, a platform for creating and owning AI agents, has experienced a significant surge in its native cryptocurrency, VIRTUAL, which has outperformed major cryptocurrencies with a 200% increase over the past month. This growth has been driven by increased interest from 'smart money' investors. However, the platform is simultaneously facing challenges, as its revenue has plummeted by over 96% from its peak, reflecting a broader decline in demand for AI agents.