Ethereum Reshapes the AI Landscape: Virtuals and ACP Launch a New Era of Agents

The Ethereum ecosystem is facing an important turning point. While the industry is still discussing the basic applications of AI agents, Virtuals has set its sights on a grander vision—building an on-chain labor market that supports collaboration and settlement between agents.

Recently, the Ethereum official announced "Ethereum is for AI" and retweeted Virtuals' "Now On Ethereum" post to warm up for the collaboration between the two parties. This news has sparked a strong reaction in the community, garnering over a million views in a short period.

This collaboration is of great significance and marks the beginning of Ethereum's return to the center stage. Currently, Ethereum needs a strong leverage to regain momentum; meanwhile, Virtuals can accelerate its development with the help of ACP and consolidate its advantages.

The establishment of universal standards will fundamentally change the positioning and role of Agents:

• Each Agent is no longer just a single "worker"
• Each Agent can become a key node in business collaboration.
• This standard will open up a trillion-scale on-chain Agent labor market.

So, what kind of surprises will the combination of ACP and EVM bring us?

Ethereum ecosystem falls into an innovation bottleneck

Since the AI wave began at the end of last year, Ethereum seems to have been unable to truly participate in it, leading to much skepticism in the market.

As a pioneer of Layer 1 public chains, Ethereum's status is indisputable, but it has performed mediocrely amid the AI boom. During the last wave of AI agents, the absence of the Ethereum ecosystem shifted market attention to other public chains. Even during the recent rebound of some AI-related projects, Ethereum still did not receive much attention, until a recent collaboration with a certain project rekindled market expectations.

However, Ethereum still has many potential advantages:

• TVL ranks first, nearly 8 times more than the second place, with a large amount of assets still stored on the Ethereum network.
• The DeFi ecosystem is the richest, with over 1300 protocols.
• Having the most ecosystem developers, Solidity is widely popular as the main development language.

These advantages indicate that Ethereum has a solid foundation, but it lacks a breakthrough point. As the largest "world computer", Ethereum needs to find new growth points to break through the innovation bottleneck.

In the first collaboration with Virtuals, the potential for success has already been demonstrated. In the long run, AI is likely to become a new driving force in the Ethereum ecosystem.

Virtuals ACP: New Opportunities in Ethereum

AI is expected to become a new growth point in the Ethereum ecosystem, and why can Virtuals' AI solution take on this important role?

The key lies in the ACP (Agent Commerce Protocol).

ACP can be understood as the "commercial contract" and common language between AI agents, specifying the standard processes for initiating cooperation, negotiating terms, completing transactions, and evaluating results.

ACP has the following characteristics:

• Cross-chain collaboration: Agents following ACP rules can achieve seamless cross-chain collaboration.
• Framework agnostic: Does not rely on specific AI frameworks, all types of agents can participate.
• Four-stage process: Request, Negotiation, Transaction, Evaluation, each step is recorded and executed through smart contracts.

ACP will bring a qualitative leap to Virtuals and its AI ecosystem.

ACP brings two major breakthroughs for Virtuals

ACP is not just about enabling the collaboration of multiple Agents; it will bring two fundamental changes to the Virtuals:

1. Multi-chain ecosystem formation ACP enables Agents distributed across different blockchains to collaborate directly across chains, similar to Cosmos's IBC, providing underlying interoperability capabilities for all Agents.

2. Multi-Framework Collaboration ACP is not limited by specific AI frameworks, allowing Agents from different frameworks to communicate with each other. This means that developers of various types of Agents can benefit from the era of AI Agents. For developers, integrating ACP may become an essential skill.

The positioning of Virtuals

Virtuals are evolving towards Layer 1 and may even surpass the traditional definition of Layer 1.

GAME serves as a framework to provide convenience for developers, while ACP connects different ecosystems as a protocol. The positioning of Virtuals itself is more diverse:

• Develop GAME and ACP, quickly access the Virtuals ecosystem.
• Support for the release of different on-chain Agents
• Users can obtain potential airdrop opportunities by staking ecological tokens.
• Staking a sufficient proportion of $VIRTUAL allows participation in governance

Virtuals is evolving from "project tokens" to "ecosystem mother coins." Its status may be more important than the framework, and it is expected to become the exclusive Layer 1 for AI Agents.

ACP: Unlocking a Trillion-Dollar Economy for Web3 AI

The Agent ecosystem of Virtuals is already quite rich, covering 11 major categories including lifestyle, DeFAI, prediction markets, infrastructure, games, and more, with over 100 Agents.

Unlike Web2, Web3's AI Agents grow on the blockchain. Recently, stablecoins that have attracted much attention will further drive the development of the on-chain economy. As more types and sizes of assets are issued on-chain, on-chain AI will gain greater momentum for development.

The head of ACP stated in an interview that ACP is expected to drive trillion-level economic growth. Ethereum turns code into currency, while ACP will transform Agents into a trillion-dollar workforce. Imagine billions of on-chain Agents providing services, trading, and collaborating without permission; ACP will be the infrastructure that makes all of this possible.

If you missed the explosion of DeFi and NFTs, this time Virtuals will write the first line of code for the new business logic of AI through ACP. The trillion-dollar economy of Web3 AI is being opened by ACP!