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Virtuals Expands to Solana With Strategic SOL Reserve and Venture Support

source-logo  news.bitcoin.com 25 January 2025 07:00, UTC
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Virtuals has unveiled its integration with Solana, merging its decentralized AI-powered platform with a blockchain known for its speed and scalability.

Virtuals Protocol Debuts on Solana

The latest development from Virtuals brings a suite of enhancements to the Virtuals ecosystem. Chief among them is the introduction of the Meteora Pool on Solana, which aims to unlock fresh trading opportunities. Furthermore, the Virtuals team said a Strategic SOL Reserve will channel 1% of trading fees into SOL, providing rewards to both contributors and creators.

The team further added that the AGENT/VIRTUAL trading pair remains unchanged, ensuring users can transition seamlessly. In alignment with its mission to drive innovation, Virtuals stated that it is debuting a Venture Partner Model. This program includes grants totaling 42,000 VIRTUAL tokens to support early-stage projects on Base and Solana, aimed at developers working to expand their concepts into scalable solutions.

Looking ahead to March, Virtuals, in partnership with the Solana Foundation, will host the Virtuals AI Hackathon. This initiative will offer developers technical assistance and mentorship, encouraging groundbreaking advancements across both the Solana and Base ecosystems. Presently, Virtuals Protocol currently operates on Base, an Ethereum layer two (L2) blockchain, and specializes in tokenizing AI agents capable of executing multimodal tasks such as text, voice, and 3D animation.

These autonomous agents can also perform onchain transactions and integrate with gaming and social media platforms to enhance user engagement. By extending its presence to Solana, Virtuals is signaling a commitment to a multichain strategy, broadening its decentralized operations, and delivering greater value to its community. Virtuals concluded that this new move, facilitated by collaborations with Jupiter Exchange and Layerzero Core, embodies a larger vision to cultivate a multichain ecosystem while equipping developers around the globe with the tools to innovate.

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