$VIRTUAL | https://www.virtuals.io/ | Published Feb 6, 2024
Project: Virtual Protocl
Website link: https://www.virtuals.io/
Documentation: https://whitepaper.virtuals.io/
Analytics Dashboard: https://rabbitx.io/defi-perps-monitor
Token: $VIRTUAL
Coingecko: https://www.coingecko.com/en/coins/virtual-protocol
Twitter: https://twitter.com/virtuals_io
Contract Address: 0x44ff8620b8ca30902395a7bd3f2407e1a091bf73
Current Price: $0.012 ($12M FDV)
Overview: VIRTUAL Protocol aligns incentives for the decentralized creation and monetization of AI personas for virtual interactions (gaming, metaverses, online interactions, or beyond).
$VIRTUAL Thesis
Virtual Protocol is a platform for the creation and monetization of AI powered avatars and profiles.
This is a strong developing narrative that has seen a large amount of investment capital in the past year. At a $12M valuation, Virtual Protocol stands out as potentially undervalued in comparison to other similar startups.
Additionally, we are observing a rapidly growing trend in the underlying use case of AI companionship, which we believe extends beyond romantic companionship (think AI friends for lonely elderly people or bringing a loved one back to life via an AI avatar).
DreamGF, an ai companionship website is reportedly making $100k/mo in revenue: https://sifted.eu/articles/ai-girlfriends
Synthesia secures $90M for AI that generates custom avatars. The round brings Synthesia’s total raised to date to $156.6 million, and it values the startup at $1 billion post-money (up from $300 million in December 2021).
https://techcrunch.com/2023/06/14/synthesia-secures-90m-for-ai-that-generates-custom-avatars/
As AI Usage Increases At Work, Searches For “AI Girlfriend” Up 2400%
Digi.ai is an ai companionship startup that has been funded by the CEO of Coinlist and a variety of other high profile angel investors.
https://x.com/andyohlbaum/status/1735786033453863422?s=20
We will likely be providing a more in-depth overview of Virtual Protocol at some point in the future.
Where to buy $VIRTUAL
$VIRTUAL can be purchased on Uniswap with the contract address: 0x44ff8620b8ca30902395a7bd3f2407e1a091bf73
Notes & Disclaimer
Obviously, if this bullish market rolls over, low cap alt coins like $VIRTUAL will not fair well.
Please note that tokens like $VIRTUAL can regularly experience large drawdowns in price.