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IQ, a well-known DeFi entity, has announced the launch of Agent Tokenization Platform. As per IQ, the Agent Tokenization Platform permits the consumers to develop tokenized agents to operate autonomously. The company disclosed this development on social media.
1/ Today, IQ is unveiling its Agent Tokenization Platform (ATP) – a groundbreaking innovation combining AI & blockchain to simplify DeFi and empower users to create & manage intelligent, autonomous agents. Here’s why it’s a game-changer. 👇https://t.co/keDuR9EEhk pic.twitter.com/gSe0TAFMAa
— IQ AI (@IQWIKI) December 13, 2024
IQ Releases the New Agent Tokenization Platform Including Autonomous Agents for On-Chain Activities
IQ mentioned that the Agent Tokenization Platform includes the sovereign blockchains as agents. Dissimilar to the former models, ATP agents work autonomously by possessing assets and executing on-chain actions. In addition to this, they continuously improve their abilities via tokenized ecosystems.
In recent months, a significant surge has taken place in the market for AI agent coins, touching a cumulative $8B in market capitalization in December. Nonetheless, the initial phase of the AI agent coins has not completely realized their capability for autonomous operations up till now. Hence, they are mostly serving as instruments or extensions instead of autonomous entities. Despite showing innovation concerning tokenization along with decentralized ecosystems, the agents often depend on narrowly defined operations and centralized oversight.
This permits ATP to deal with the noteworthy gap in the overall DeFi engagement irrespective of the great number of crypto holders. With more than 600M cryptocurrency holders, just 7M participate in DeFi-related operations. By enabling unparalleled conversational interactions, ATP simplifies intricate blockchain procedures. In this way, they let users execute sophisticated DeFi activities with direct prompts. Consumers can co-own the respective agents through token trading which can also unlock more features and increase value.
Navin Vethanayagam, IQ’s Chief Brain, commented on this development, stressing the requirement to increase DeFi adoption in the financial sector. The executive added that the complexity of DeFi hinders mass adoption although it can revolutionize the financial systems. Keeping this in view, ATP enables the establishment of a forum for the creation of autonomous agents to simplify the DeFi via conversational UIs.
The Initiative Benefits IQ Token Owners and Promotes Blockchain Innovation
According to IQ, ATP enables the AI models’ transformation into autonomous agents for diverse applications. Additionally, it offers tokenization of agents that function independently, promoting blockchain innovation. Moreover, the IQ token drives ATP, powering its utility, liquidity, governance, and growth. The interconnected model of ATP straightly facilitates those holding IQ tokens while promoting a thriving ecosystem.