Binance Research analysts noted growing interest in AI agents

Johny Smith

2024/12/08

3 mins read


Binance Research noted that the interaction between artificial intelligence (AI) and cryptocurrencies has become even closer. Recent events related to AI agents have attracted attention to new projects. Initiatives such as Terminal of Truths and the GOAT meme currency took center stage.

Analysts explained that AI agents are autonomous programs that can plan, execute tasks and achieve goals without human intervention. They differ from the usual bots, which work according to predetermined rules and require constant monitoring. AI agents can adapt in response to interactions and communicate with other agents and applications.

The story of Terminal of Truths caused the greatest resonance. This AI agent created a “memetic religion” based on an old internet meme, leading to the launch of the meme cryptocurrency GOAT. As the token’s value rose, Terminal became the first millionaire AI agent, highlighting its impact on the cryptocurrency market.

Experts also said that the Virtuals Protocol platform provides users with the opportunity to create, deploy and earn money from AI agents. They are aimed at consumer and entertainment use cases, and also allow for shared ownership through voting by token holders. Their economic model includes a buyback and token burning mechanism.

In addition, the researchers mentioned the Daos.fun platform, which uses AI agents to manage decentralized hedge funds. Although the project was initially focused on people, its largest manager is now an AI agent named after the large American venture capital company a16z.

According to experts, the evolution of AI from version 1.0 to 2.0 has a significant impact on the cryptosphere. This process is fueling interest from both communities. AI agents have the potential to be used in the cryptocurrency economy, where there are no traditional identification requirements. However, AI models have to overcome a number of technical barriers.

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