VIRTUAL Is Surging Again. Can Crypto’s Agentic AI Mashup Sustain Its Momentum?
Imagine creating a money-generating AI agent and then confidently setting it loose without writing a single line of code. That’s the premise behind Virtuals Protocol. The Ethereum L2 project makes it possible to build AI agents with distributed ownership and then run them in permissionless environments.
Three months after its debut, the price of the blockchain’s VIRTUAL governance token rocketed skyward, surging by 23,000% to $4.61 as developers rushed to test use cases and crypto traders waded in behind.
Markets brought it back to Earth in Q1 — but it’s surging again, up more than 300% in the past four weeks and more than 32% in the past seven days. Despite the robust move, at $2.14 (at time of writing) it’s 59% under its all-time high of $5.25.
Still, VIRTUAL is back in demand. What’s driving it?
What is Virtuals Protocol?
Launched last October on the Ethereum Layer 2 Base, Virtuals’ innovative use of blockchain technology allows AI agents to be tokenized. That means their ownership can be shared and decentralized, then put to work in open, permissionless environments.
The project’s white paper calls Virtuals “a society of productive AI agents, each designed to generate services or products and autonomously engage in commerce — either with humans …
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