Virtuals Protocol powers a decentralized AI agent economy where users launch and co-own autonomous, multimodal AI agents—capable of interacting via text, voice, or animation—across platforms like games, social media, and messaging apps. Agents are tokenized via Initial Agent Offerings (IAOs): creators lock a minimum of $VIRTUAL tokens in bonding curves to launch community-owned agent tokens, with liquidity pools locked for ten years to uphold fair-launch norms.
The $VIRTUAL token is central to agent creation, commerce, and governance. It’s used to pair agent tokens in liquidity pools, serve as routing currency for agent purchases and payments (including per-inference AI usage), and fuel a deflationary model. Trading fees from IAOs and agent activity flow into buybacks or incentive streams managed by the Virtuals DAO. Token holders also participate in governance proposals related to agent launches, protocol upgrades, and ecosystem funding.