Virtuals Protocol Expands to Solana
Virtuals Protocol Expands to Solana
Virtuals Protocol, a platform for building AI agents, has announced its expansion to the Solana blockchain. This strategic move aims to increase accessibility and foster innovation within the Solana community.
Multichain Strategy
On January 25th, Virtuals Protocol confirmed its expansion from Base to Solana. The protocol stated this marks a significant step in its growth, aiming to expand its user base and create greater value for developers. They plan to leverage Solana's scalability and active developer community to unlock new opportunities.
EtherMage, the protocol's lead developer, described this as the first step in creating a robust, multi-chain ecosystem. He envisions an interconnected digital society and noted that dedicated teams are working with Solana and other blockchain communities, focusing on funding, mentorship, and project visibility within the Virtuals ecosystem.
Solana Ecosystem Initiatives
Virtuals Protocol outlined several Solana-specific initiatives:
- Meteora Pool: A new platform feature designed to enhance trading and engagement.
- Strategic SOL Reserve (SSR): 1% of trading fees will be converted to SOL and allocated to the SSR to reward contributors and support the Solana ecosystem.
- Grant Program: A 42,000 $VIRTUAL grant program to support development on both Base and Solana.
- AI Hackathon (March): A partnership with the Solana Foundation to provide mentorship and support to developers.
Virtuals Protocol has seen success due to growing demand for AI-driven solutions. Its expansion to Solana demonstrates its commitment to decentralized AI and a thriving developer community.
Note: While Virtuals Protocol announced its Solana expansion, its native VIRTUAL token experienced a price drop of over 4% in the 24 hours following the announcement, trading at $2.54 at press time.
Codeum provides comprehensive blockchain security and development services, including smart contract audits, KYC verification, custom smart contract and DApp development, tokenomics and security consultation, and partnerships with launchpads and crypto agencies.