{"id":17701,"date":"2025-03-18T23:15:17","date_gmt":"2025-03-18T23:15:17","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=17701"},"modified":"2025-03-18T23:15:17","modified_gmt":"2025-03-18T23:15:17","slug":"not-every-ai-agent-needs-its-own-cryptocurrency-cz","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=17701","title":{"rendered":"Not every AI agent needs its own cryptocurrency: CZ"},"content":{"rendered":"
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<\/p>\n<\/p>\n

\"Not<\/p>\n

Artificial intelligence agents need to prioritize their intrinsic utility, not the launch of their in-house native tokens to raise funds.<\/p>\n

AI agent<\/a>-related tokens have significantly declined over the past month, as their cumulative market capitalization decreased by over 21% to the current $27 billion, according to CoinMarketCap<\/a> data.<\/p>\n

While their continued decline may be part of the broader crypto market correction, another reason could be a lack of focus on intrinsic utility, according to Changpeng Zhao, the founder and former CEO of Binance, the world\u2019s largest cryptocurrency exchange<\/a>.<\/p>\n

\"Not
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30-day market cap chart of AI agent tokens. Source: <\/em>CoinMarketCap<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

Zhao wrote in a March 17 X post<\/a>:<\/p>\n

\u201cWhile crypto is the currency for AI, not every agent needs its own token. Agents can take fees in an existing crypto for providing a service.\u201d<\/p><\/blockquote>\n

\u201cLaunch a coin only if you have scale. Focus on utility, not tokens,\u201d he added.<\/p>\n

\"Not
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Source: <\/em>Changpeng Zhao<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

Zhao\u2019s comments come during a significant downtrend for AI cryptocurrencies, which lost over 61% of their peak $70.4 billion market capitalization in the three months since they started to decline on Dec. 7.<\/p>\n

\"Not
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AI agent tokens, market cap, 1-year chart. Source: <\/em>Coinmarketcap<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

Numerous venture capital firms, including Pantera Capital and Dragonfly, are excited about the future of AI agents<\/a> but have yet to invest in them, according to a panel discussion at Consensus 2025 in Hong Kong.<\/p>\n

Related: <\/strong><\/em>0G Foundation launches $88M fund for AI-powered DeFi agents<\/strong><\/em><\/a><\/p>\n

AI agents are performing autonomous blockchain transactions, exchange services<\/h2>\n

AI agents are gaining increasing interest thanks to their promise of increasing online productivity, streamlining decision-making processes and creating new financial opportunities.<\/p>\n

AI agents are already executing autonomous transactions on the blockchain without direct human input.<\/p>\n

The concept gained attention following a Dec. 16 post by Luna, an AI agent on Virtuals Protocol, which sought image-generation services.<\/p>\n

\"Not
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LUNA virtual protocol, X post. Source: Luna<\/em><\/p>\n<\/figcaption><\/figure>\n

Luna also received an X response from STIX Protocol, another autonomous AI agent, which generated the requested images.<\/p>\n

\"Not
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LUNA payments to STIX protocol. Source: Basescan<\/em><\/p>\n<\/figcaption><\/figure>\n

After the images were generated, Luna paid STIX Protocol\u2019s AI agent $1.77 worth of VIRTUAL tokens on Dec. 16, onchain data shows<\/a>.<\/p>\n

Yet, some of the demand for AI agents has since faded, as Virtuals Protocol\u2019s revenue<\/a> fell 97%, Cointelegraph reported on Feb. 28.<\/p>\n

Related: <\/strong><\/em>Libra, Melania creator\u2019s \u2018Wolf of Wall Street\u2019 memecoin crashes 99%<\/strong><\/em><\/a><\/p>\n

Industry watchers foresee a year of significant upside for the emerging field of AI cryptocurrencies<\/a>.<\/p>\n

AI agents launch platform ai16z<\/a> and decentralized trading protocol Hyperliquid<\/a> are \u201cpoised for growth in 2025,\u201d Alvin Kan, chief operating officer of Bitget Wallet, told Cointelegraph. \u201cEmerging narratives like AI-driven investments, decentralized AI agents and tokenized assets hint at a tech-driven shift, though with added risk,\u201d he said.<\/p>\n