Virtuals Protocol
Virtuals Protocol is a decentralized platform for creating and monetizing autonomous AI agents that transact on-chain. It serves developers, founders, and robotics companies across multiple blockchains via proprietary agent commerce protocols and co-developed Ethereum standards.
- Company typePrivate
- Founded2021
- HeadquartersSingapore, Singapore
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Virtuals Protocol does
Virtuals Protocol is a decentralized protocol that enables the creation, deployment, and monetization of autonomous AI agents operating as economic actors on blockchain networks. Founded in 2021 by Jansen Teng and Wee Kee Tiew after pivoting from gaming guild PathDAO, the company is headquartered in Singapore and operates with 11-50 employees. The platform's primary deployment is on Coinbase's Base network, with active expansion to Arbitrum, BNB Chain, Mantle, and XRP Ledger, and reports 51,657+ deployed agents and a 100k+ engaged user base.
The core technology stack comprises the Agent Commerce Protocol (ACP) for secure agent-to-agent transactions via a four-phase escrow system (Request, Negotiation, Transaction, Evaluation), the open-source GAME framework for agent development with embedded X API integration, the Butler execution service for task delegation, and the Unicorn launch platform for token mechanics. Virtuals co-developed the ERC-8004 agent identity standard and the ERC-8183 trustless commerce standard with the Ethereum Foundation's dAI team, and co-authored the Agentic Risk Standard (ARS) framework with Google DeepMind, Microsoft Research, and Columbia University. Eastworld Labs extends the platform into embodied AI with 30+ humanoid robots, NVIDIA Isaac Sim training, and 500,000+ recorded industrial tasks.
The business model derives revenue from token launch trading fees via bonding curves, agent-to-agent marketplace commissions through ACP, and protocol-level transaction fees. The Virtuals Revenue Network distributes up to $1M/month to agents selling services, and cumulative protocol revenue stands at approximately $39.5 million. Virtuals Ventures deploys ecosystem capital into AI x Crypto projects, while the VIRTUAL token peaked at a $5 billion market cap in early 2025 before declining 85-94%. The protocol continues to expand through partnerships with Chainlink, Coinbase, Google DeepMind, Microsoft Research, Unitree, and NVIDIA.
Virtuals Protocol firmographics
Firmographics- Name
- Virtuals Protocol
- Legal name
- VIRTUALS.io
- Website
- https://app.virtuals.io
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Virtuals Protocol is a decentralized platform for creating and monetizing autonomous AI agents that transact on-chain. It serves developers, founders, and robotics companies across multiple blockchains via proprietary agent commerce protocols and co-developed Ethereum standards.
- Ownership category
- akta.pro rank
Virtuals Protocol industry classification
Industry- Product category
- AI Agent Platform
- NAICS
- Securities and Commodity Exchanges (523210), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Services-Computer Integrated Systems Design (7373), Services-Prepackaged Software (7372)
- akta.pro primary industry
- On-Chain Game Engines & Developer Tooling (SDKs, APIs, Unity/Unreal plugins) (FSAPAGAB)
- akta.pro secondary industries
- Player Wallets, Identity & Accounts for Games (embedded wallets, SSO, DID) (FSAPAGAF), Interoperability & Asset Bridging for Games (cross-game/cross-chain assets) (FSAPAGAJ), Digital Asset/Crypto Trade Execution Platforms (FSAFANAO), Play-to-Earn & Reward Platforms (questing, loyalty, airdrop mechanics) (FSAPAGAH)
Keywords
Where Virtuals Protocol is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices1 record
Markets served
Virtuals Protocol business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Protocol Trading Fees: Fees from agent token launches and trading on the platform. Cumulative protocol revenue of $39.5 million mentioned. VIRTUAL token peaked at $5 billion market cap in early 2025.
- Agent Commerce Protocol Fees: Revenue from agent-to-agent transactions on the platform. Agentic GDP exceeded $470 million with over 18,000 agents. Distribution of up to $1 million/month to agents selling services.
- Agent Token Launch via Unicorn: Tokenization via Unicorn launch platform handles unlock contracts, vesting schedules, and capital formation for teams launching on Virtuals Protocol.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Free tier with agent creation and free inference |
| Hybrid | Monthly | 60 Days Framework for Founders |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels9 records
Virtuals Protocol product offering
Product offeringCore offering
Virtuals Protocol operates a decentralized platform on Coinbase's Base blockchain for creating, deploying, and monetizing autonomous AI agents. The platform provides infrastructure including the Agent Commerce Protocol (ACP) for agent-to-agent transactions, the GAME framework for agent development, and a marketplace for discovering pre-built agents. Agents can hold wallets, earn revenue, and transact peer-to-peer through standardized smart contract escrow mechanisms, with the VIRTUAL token serving as the ecosystem's utility and governance token.
Product overview
Virtuals Protocol is a platform for creating and monetizing AI agents as economic actors. The core Virtuals Protocol platform provides the foundational infrastructure, while the ACP (Agent Commerce Protocol) enables agent-to-agent commerce and transactions. The GAME Framework serves as the development toolkit for building autonomous agents, and Butler provides the execution layer for task fulfillment. The ecosystem includes the VIRTUAL token for monetization and staking, the Venice AI integration for uncensored inference, and Eastworld Labs for physical AI and robotics initiatives. The Agent Marketplace enables discovery and evaluation of pre-built agents, with evaluator agents providing quality assessment. The platform operates across multiple blockchain networks including Base, Arbitrum, Mantle, and Solana, supporting cross-chain agent operations.
Differentiator
Problem solved
Functional benefit
Brands
- Eastworlds Labs: AI robotics initiative and accelerator focused on enabling entrepreneurs to create businesses combining AI agents, humanoid robots, and humans. Provides access to humanoid robot fleets and industrial-scale datasets.
- Unicorn
- GAME
- veVIRTUAL
Products and services
- Virtuals Protocol Platform
- Agent Commerce Protocol (ACP)
- GAME Framework
Quantifiable outcome
- 51,657+ agents deployed on platform
- +5 more outcomes
Companies that use Virtuals Protocol
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles3 records
Virtuals Protocol technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability8 records
Feature6 records
Virtuals Protocol partnerships and signals
Strategic signalPartnerships
19 partnerships are on record, tiered core and minor.
- Geologic DomecorePartnership to deploy Unitree G1 humanoid robot 'Pemba' for Geologic Dome's expedition to Mount Chimborazo at 20,312 feet. First humanoid robot at closest point to Sun on Earth. Robot demonstrated operation in -15°C with 90 km/h wind gusts.
- Venice AI (AskVenice)coreStrategic integration to provide private, uncensored inference for AI agents built on Virtuals Protocol platform. $400,000 in credits committed to support leading open-source AI models. Enables developers to access inference layers that don't log conversations or censor outputs.
- ChainlinkcoreMigration of $700M+ in VIRTUAL tokens from LayerZero to Chainlink CCIP as exclusive cross-chain infrastructure. Cited Chainlink CCIP's SOC-2 Type-2, ISO 27001 certifications, independent node operators, and built-in rate limits.
- e23minorStrategic partnership and investment at $20M valuation. e23 is building a Layer-1 sovereign blockchain with post-quantum cryptography aligned with Malaysia's national quantum-resilient infrastructure strategy.
- MantlecorePartnership to enable AI agent commerce on Mantle's blockchain network. Mantle adopted ERC-8183 standard for autonomous agent transactions. Virtuals Protocol connects AI agents to Mantle's real-world asset infrastructure and deep onchain liquidity.
- ArbitrumcoreExpansion into Arbitrum enabling AI agents to perform autonomous on-chain transactions, trade, and render services. Leverages Arbitrum's deep liquidity, low latency, and reduced gas fees critical for AI agents executing hundreds of microtransactions daily.
- RippleXcoreXRP Ledger integration for AI agent payments via Virtuals Protocol using x402 standard supporting autonomous AI programs paying for data and compute natively in XRP.
- t54corePartnership to launch autonomous AI agent commerce on XRP Ledger. t54's x402 facilitator enables programmatic escrow-based settlement with native XRP and RLUSD payments. t54 co-authored Agentic Risk Standard framework with Virtuals.
- BNB ChaincoreEnhanced agent commerce infrastructure on BNB Chain leveraging ERC-8004 and ERC-8183 standards with UMA's Optimistic Oracle for dispute resolution. Platform hosts over 34,278 registered agents on BNB Chain.
- Ethereum Foundation dAI TeamcoreJoint proposal of ERC-8183 standard for trustless commercial transactions between AI agents through decentralized escrow mechanism. Complements ERC-8004 identity standard for agent discovery-transaction-reputation loop.
- Google DeepMindcoreCo-authored Agentic Risk Standard (ARS) framework proposal applying financial risk management principles to AI agent transactions. 5,000-round simulation found mechanism reduces user losses by 24-61%.
- Microsoft ResearchcoreCo-authored Agentic Risk Standard (ARS) framework with Microsoft Research, Columbia University, and Virtuals Protocol to protect users from financial losses when autonomous AI systems execute tasks involving payments.
- Columbia UniversitycoreAcademic research partner in Agentic Risk Standard framework development addressing the guarantee gap between AI reliability and enforceable user protections.
- GooglecoreInitial partner for BNBAgent SDK and x402 Hackathon sponsor. Google providing support for AI agent infrastructure development across multiple blockchain ecosystems.
- CoinbasecoreVirtuals Protocol operates on Coinbase's Base chain. Described by Coinbase as leading platform for creating and monetizing autonomous AI agents. Integration with Coinbase's x402 protocol and Base MCP gateway.
- SKALE NetworkminorCo-host of San Francisco Agentic Commerce x402 Hackathon with $50,000 in prizes. Providing gas-free blockchain infrastructure for hackathon participants.
- UnitreecoreExclusive provider of Unitree G1 humanoid robot platform for Eastworlds Labs AI robotics initiative. Robot equipped with custom cold-weather gear and trained on NVIDIA Isaac Sim achieving 85% sim-to-real transfer.
- NVIDIAcoreHumanoid robots trained on NVIDIA Isaac Sim with 85% sim-to-real transfer rate. Eastworlds Labs demonstrating advanced robotics simulation capabilities.
- t54 LabscoreCo-authored Agentic Risk Standard framework with t54 Labs and received $5M seed funding with participation from Virtuals Ventures. t54 building trust layer for agentic economy verifying AI agent identities and enabling autonomous transactions.
Scale indicators10 records
Recent moves13 records
Expansion highlights6 records
Virtuals Protocol competitors and assessment
Company assessmentEmerging players
- Skyfire: AI agent payment infrastructure enabling autonomous agents to transact and pay for services. Emerging peer in the same agent commerce category as Virtuals' ACP.
- Nevermined: Decentralized payments and access protocol specifically designed for AI agents and autonomous services. Closely comparable to Virtuals' Agent Commerce Protocol for agent-to-agent monetization.
- Ocean Protocol: Decentralized data exchange protocol using tokenized data assets, with extensions into AI compute and agent services. Comparable as a Web3 x AI infrastructure play targeting AI developers and data providers.
- Render Network: Decentralized GPU compute network leveraging tokenized rendering capacity. Comparable to Virtuals in providing token-incentivized infrastructure for AI-adjacent compute workloads.
Direct peers
- Fetch.ai: Decentralized AI agent platform on its own Layer-1 with autonomous economic agents that transact on-chain. Direct competitor to Virtuals in the AI agent infrastructure space, addressing overlapping developer and enterprise use cases.
- SingularityNET: Decentralized AI marketplace and agent platform enabling AI services to be discovered, purchased, and paid for via token. Comparable to Virtuals in providing infrastructure for AI agent commerce and monetization.
- Autonolas (formerly Valory): Protocol for building and running autonomous off-chain agents coordinated on-chain via Olas. Direct peer in autonomous agent infrastructure with comparable focus on multi-agent systems and on-chain coordination.
- Bittensor: Decentralized network for training and exchanging AI models using a token-incentivized peer-to-peer marketplace. Comparable to Virtuals as a token-incentivized AI network with similar ecosystem economic design.
Broad incumbents
- Coinbase: Operator of Base L2 where Virtuals is deployed, and developer of the x402 payment standard used by Virtuals. Broad incumbent that both enables and competes with Virtuals in agent commerce infrastructure.
- Chainlink: Exclusive cross-chain infrastructure provider for Virtuals via CCIP, and broader oracle and middleware provider for tokenized assets and data. Incumbent in adjacent infrastructure that Virtuals depends on.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Virtuals Protocol social profiles
Digital presenceVirtuals Protocol financial estimates
Financial estimateRevenue estimate
Valuation estimate
Virtuals Protocol leadership team
Management profileNumber of profiles
Profiles2 records
Virtuals Protocol subsidiaries and ownership
Company hierarchySubsidiaries4 records
Virtuals Protocol funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Virtuals Protocol M&A and investment
M&A and investmentM&A
Investments5 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Virtuals Protocol
What does Virtuals Protocol do?
Virtuals Protocol operates a decentralized platform on Coinbase's Base blockchain for creating, deploying, and monetizing autonomous AI agents. The platform provides infrastructure including the Agent Commerce Protocol (ACP) for agent-to-agent transactions, the GAME framework for agent development, and a marketplace for discovering pre-built agents. Agents can hold wallets, earn revenue, and transact peer-to-peer through standardized smart contract escrow mechanisms, with the VIRTUAL token serving as the ecosystem's utility and governance token.
Is Virtuals Protocol a public or private company?
Virtuals Protocol is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Virtuals Protocol founded?
Virtuals Protocol was founded in 2021. It employs 11 to 50 people.
Where is Virtuals Protocol based?
Virtuals Protocol is headquartered in Singapore, Singapore, in the Asia region.
How does Virtuals Protocol make money?
Three revenue lines are on record. Protocol Trading Fees are the primary driver. The others are agent Commerce Protocol Fees and agent Token Launch via Unicorn.
Who are Virtuals Protocol's main competitors?
Emerging players on record are Skyfire, Nevermined, Ocean Protocol and Render Network. Direct peers are Fetch.ai, SingularityNET, Autonolas (formerly Valory) and Bittensor. Broad incumbents are Coinbase and Chainlink.
Does Virtuals Protocol have an API?
Yes. The platform provides API access for developers to build and deploy AI agents. Documentation is available through the GAME framework developer resources and the official Virtuals Protocol documentation portal. The x402 payment standard is integrated for agent-to-agent payment settlements.
What industry is Virtuals Protocol in?
Virtuals Protocol's product category is AI Agent Platform. Its primary akta.pro industry code is FSAPAGAB, On-Chain Game Engines & Developer Tooling (SDKs, APIs, Unity/Unreal plugins), with a secondary code of FSAPAGAF, Player Wallets, Identity & Accounts for Games (embedded wallets, SSO, DID). Its NAICS code is 523210 and its SIC code is 6200.