Development ideas of Virtual

For the Genesis Launches platform of Virtual, after participating and observing for some time, I have two rather intuitive feelings:

On one hand, the platform has formed a certain positive mechanism that allows market forces to filter out a considerable number of reckless low-quality projects, establishing a unique taste and position that distinguishes the platform from others.

On the other hand, among the successfully launched projects, I feel that many are quite similar, or in other words, I can't see any obvious differences from existing projects.

I have always had a question regarding the second point:

What is the significance of so many similar AI Agents existing?

Recently, I saw a tweet from EtherMage, one of the co-founders of the Virtual platform (
https://x.com/ethermage/status/1929586594883031475), and I seem to understand the platform's intention a bit more.

In this tweet, EtherMage shared the three phases of the Virtual team's advancement of the platform:

Phase One: Build the density of AI Agents, which is the current situation we see, aimed at attracting the attention of entrepreneurs and retail investors.

Phase Two: Build the SWIFT system for AI Agent collaboration, including ACP and some other information that is currently confidential but will be announced in the second and third quarters of this year.

Phase Three: Build a true AI Agent network nation, primarily manifested in autonomous business forms, autonomous Agents, GDP, etc.

This plan clearly expresses the ultimate goal of the team in building the platform and the steps to achieve that goal.

The ultimate goal of the project is to construct an ecosystem composed of AI Agents (where this ecosystem can be understood as the concept of a "nation"). Although I have seen the co-founders mention this idea multiple times in various occasions and articles, my understanding was limited to the literal meaning, lacking practical insight, making it difficult to grasp.

After reading about these three phases, it became easier to understand this line of thought.

Building this ecosystem is a three-step process: the first step is to build a large number of members within this ecosystem: AI Agents; the second step is to establish protocols and rules for these members to interact and engage with each other; the third step, once all these members can interact and engage, various business models and application scenarios will naturally emerge, generating economic value and GDP, and a "nation" will thus form organically.

From this perspective, the current large-scale launch of various AI Agents on the platform is inevitable. Without a large number of AI Agents, how can a "nation" be formed?

On the other hand, from the perspective of the future "nation," the current number of AI Agents is at least far from sufficient. Therefore, judging by the quantity of existing successfully launched AI Agents, the current launches are likely still in a very early stage. Both the entrepreneurial teams and participants are not numerous.

In terms of quantity alone, to enrich the members of this "nation," I estimate that Virtual will likely have more and larger promotional activities in the future, on one hand attracting more entrepreneurs to join, and on the other hand attracting more retail investors to participate.

From this viewpoint, I can better understand why the project team is conducting a series of activities with such intensity, such as collaborating with KAITO, providing referral codes to participants, and encouraging participants to Yapping… These activities are not merely about promoting the project; more importantly, they aim to attract participants to the ecosystem, including both builders and investors.

Additionally, I have begun to understand why the project co-founders once said (in essence) that the points in your hands will not be enough in the future—because many more projects will be launched on the platform, and this "large number" is likely far beyond what most people imagine.

In this context, as an investor participating in projects, one must be more cautious and choose projects that they believe in and understand.

If we think a bit further, the ideal of the project team is quite grand. To achieve such a grand ideal, subsequent financial support is crucial. Therefore, I even believe that the team is likely to pursue second and third rounds of financing in the future, and as the project scales to a certain extent, they will seek top-tier venture capital for further financing.