Virtuals Protocol officially launched on Celo, a carbon-neutral, mobile-first blockchain that’s designed for decentralization. Both AI and decentralized finance are starting a new phase of their journey. This strategic partnership is pioneering the new field of “Agentic Commerce” with both Artificial Intelligence and DeFi. Agentic Commerce is a complete reformation of what an AI agent can be as they become active economic participants instead of just passive assistants. As such, this represents a completely new way for AI agents to operate autonomously within the blockchain ecosystem.
The Rise of Autonomous On-Chain Agents
The partnership between Virtuals Protocol and Celo is centered on empowering AI agents to independently seek out services and hash out contract details. It allows them to complete transactions, enhancing their overall functionality as autonomous agents. The Celo Network’s fast, inexpensive infrastructure allows Virtuals Protocol to provide the support for operating an “agent” as an independent entity.
These agents can manage assets and hold wallets, unlike the traditional AI that will require a human to clear the transaction. This makes it possible to create an economy in which an AI could negotiate contracts for data or purchase computer power without any human representatives needing to touch the keyboard.
Unlocking Monetization for Celo Builders
Developers who build on top of Celo have a new opportunity to create revenue through their work through this integration with the Virtuals Protocol. The Virtuals Protocol provides developers with a way to create and own what are called “utility agents,” which are designed for everyday functional use. These agents will be integrated into Celo’s real-world use cases, such as its existing decentralized social networks and mobile payments.
Celo Platform creators officially announced that they plan to support the Celo builders in building agents who can earn income providing services for someone else. The emergence of these agents coincides with the greater evolution of the whole Web3 ecosystem where utility-based assets are now surpassing all purely speculative assets.
Strategic Synergy – Mobile-First AI
The transition of Celo to an Ethereum Layer-2, along with its inherently mobile-focused approach, makes it the perfect environment to pilot Virtual’s Protocol. As AI becomes widespread in mobile phones, facilitating these agents’ transactions on a mobile-friendly network creates a clear competitive edge over similar product.
The collaboration fits in with the industry-wide trend toward an “agentic” workflow model. Recently, several prominent leaders in this area (including Andrew Ng) have articulated that in the future, productivity through AI will be driven by agents who can access multiple and complex tasks and work iteratively and simultaneously within those tasks. This partnership aims to develop on-chain logic that guarantees the financial elements of agent-powered workflows are carried out transparently, securely, and without restrictions.
Conclusion
Celo has integrated the Virtuals Protocol, which is a major step forward for creating a fully functional and operational on-chain economic system. Blockchain systems are now capable of autonomously negotiating functions for practical applications in the real world. This partnership also lays down the foundation for AI agents to become service providers and proliferate within Celo’s ecosystem. With a growing number of AI-enabled agents in the Celo ecosystem, there is opportunity for new dApps to provide innovative solutions that will dramatically improve efficiency, autonomy and scalability within commerce.
Source: https://blockchainreporter.net/virtuals-protocol-integrates-with-celo-to-launch-ai-driven-agentic-commerce/
