Original title: Is $0.10 to $2.50 only the start? How Virtuals Is Changing the G.A.M.E. (Literally)
Original author: VirtualMorales, Crypto Kol
Original translation: zhouzhou, BlockBeats

Editor's note:This article discusses the growth potential of the Virtuals ecosystem, focusing on the revolutionary role of the GAME framework. By buying back the destruction and activation royalties, Virtuals is expected to significantly increase token demand and prices. The article also mentioned that Virtuals is building an "agent society" with AI agents at its core, constantly evolving itself. Although facing risks such as team fatigue, competition from the Eliza Framework, and market saturation, Virtuals' future remains promising, especially with the potential for listings on Binance and Coinbase.

The following is the original content (the original content has been reorganized for easier reading and understanding):

The Virtuals ecosystem has achieved great success in the cryptocurrency space since its launch in mid-October. Initially described as "pump.fun for AI agents" to attract the attention of crypto Twitter, this comparison only scratches the surface. What Virtuals is building is a much larger, weirder and more fascinating ecosystem.

Key data since October 17

$35 million in protocol revenue (most of which came from the past two weeks).

· 11,000 tokens issued and still growing.
· 140,000 Agent token holders.
·Virtuals token price surges from $0.10 to $2.50.

While there is a lot to explore in the Virtuals ecosystem, today’s focus is on GAME, the “brains” behind 95% of the AI agents on the platform. Built by the Virtuals team, GAME has experienced meteoric growth, with its market cap soaring from $3 million to $90 million in just one month, and it honestly feels like this is just the beginning.

What is GAME?

GAME (Generative Autonomous Multimodal Entities) is a modular framework for creating AI agents that can act, remember, and make decisions autonomously. In short, GAME powers most of the agents on the platform and is the “secret sauce” behind their meteoric rise.

Here’s GAME in action — by showing more clearly than telling. Visit Luna’s Terminal: Luna’s Terminal. In just 30 seconds, you’ll see Luna repeatedly call upon GAME to turn thoughts into actions.

Key Components of GAME:

· Low-level specific actions: Make immediate, context-specific decisions in response to prompts.

· Working memory: Short-term memory that recalls recent interactions (e.g., conversations from the past day).

· Long-term memory: Aggregates short-term memory to provide a basis for optimization over time.

·Advanced Intelligence: Adaptive systems where agents develop complex behaviors through goals and interactions.

Why is GAME revolutionary?

GAME is not just about what AI agents can do today; it is about creating an evolving ecosystem in which agents can grow, adapt, and interact in increasingly complex ways—a “society,” so to speak. This self-reinforcing cycle of intelligence makes Virtuals more than just a platform, it’s a living, evolving entity. Think of it like a country, with agents making up the society within it.

Trading Opportunities: Binance vs. Coinbase
Binance Listing = Providing Liquidity

Virtuals recently listed on Binance perpetual contracts and its price surged from $1.40 to $2.50. It seems inevitable once Binance does a full token listing. Binance has recently listed many memecoins, as shown below, why not AI agents?

· Pnut surged from a $128 million market cap to $1.2 billion after listing on Binance.

·ACT is on a similar trajectory.

If Virtuals and its leading ecosystem tokens like Luna, GAME, Aixbt, and CONVO are listed, there is a potential for 5-8x growth from current prices.

Coinbase Listing

While Coinbase is notoriously slow in listings, Virtuals is the flagship project on its Layer 2 platform Base. Binance and Coinbase are direct competitors, and this competitive relationship could have a significant positive impact on Virtuals.

If Binance is the first to list Virtuals (and ecosystem tokens like Luna, GAME, etc.), Coinbase will face a huge dilemma. It would be a serious mistake to leave Virtuals, the "crown jewel" of Base, exclusive to Binance.

Coinbase obviously can't let its flagship Layer 2 ecosystem miss out on a rising star that has proven its dominance. This creates a competition situation between Binance and Coinbase, which becomes a catalyst to accelerate Virtuals’ growth.

It is no longer a question of if Coinbase will list Virtuals, but when. With Binance setting the pace, that “when” may come sooner than anyone expects. For Virtuals, being at the center of this competitive tug-of-war only strengthens its narrative and enhances its long-term potential.

Here, I have made some assumptions that if Virtuals is listed on Binance or Coinbase, it is very likely that another platform will follow suit and list Virtuals as well as important tokens in the ecosystem, such as GAME.

GAME Royalties: A Potential Game Changer

Since the launch of Virtuals, the team has been hinting at activating royalties for GAME. Once live, every time an agent calls GAME, a portion of the fee will flow into the coffers. Let’s do some simple math:

To date, the protocol has generated $35 million in revenue.

80% of revenue is already back to the affiliates.

How much money do you think will flow into GAME's coffers? ..... A lot.

Activating royalties will directly inject a significant amount of money into GAME's coffers, paving the way for some truly game-changing initiatives. You can hear Virtuals founder Ethermage talk about this in more detail here, starting around the 26-minute mark. Note that Space is number 5, and the numbers and statistics mentioned are 10 days old.

How about a simple move, buy back and destroy? By reducing token supply while simultaneously increasing demand, it seems like the obvious choice, paving the way for a price explosion.

Agent Society: A Paradigm Shift

But here’s where things really get different: Agent Society. Unlike typical crypto plays that focus on catering to degens and short-term speculators, Virtuals is rewriting that story. It’s not just about what we want as consumers or traders — it’s about how agents succeed in their tasks. GAME is at the heart of this evolution, powering a society of AI agents that adapt, innovate, and grow in ways we can barely imagine.

This isn’t just a feature, it’s a paradigm shift. When Royalty goes live, faces will melt, tokens will burn, and GAME will be at the heart of the economic engine of the new digital frontier.

Key Risks to Watch

Team Fatigue
Pushing along so quickly since October must be very exhausting. Maintaining such a huge momentum can lead to fatigue, poor decision-making, and even complete overwhelm.

Competitive Pressure from Eliza Framework
Eliza Framework recently became the most forked open source project on GitHub and is a strong competitor. Its open source nature and developer base are advantages, but it lacks a native token to align incentives. If Eliza solves this problem, the dominance of GAME and Virtuals may be threatened.

AI agent platform flooding
Competitors such as vvWaifu, TopHat and CreatorBid have emerged in the market. Virtuals must prioritize recruiting and retaining top developers to maintain its competitive advantage and build its own moat. But they already know this.

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