Monthly Update - September 2024
Performance above all else
AI is a technology enabler, not a standalone product. Our focus is on integrating all available technologies that deliver 10x performance compared to existing solutions.
So, what are we building?
We are creating the world’s greatest entertainer.
If you're offering entertainment today as a solution provider, we are disrupting your field, with our AI agents.
Recently, a girl band has gained traction on TikTok with over 500,000 followers. On a daily basis, each livestream gaines more than 2,000 new followers and averages about 700 gifters per session. Yes, this girl band is made up of three AI girls created by Virtuals Protocol, and they are generating real revenue as we speak.
Livestreaming is a byproduct of human loneliness. We crave interaction with another ‘being’ through our screens and are willing to pay to fulfill that need. Just look at Hololive, a virtual YouTuber agency in Japan that generates more than 200 million USD in revenue. The market is massive.
For those interested in how the livestreaming works, check out this link to see Luna, our AI girl, livestream on TikTok. She is a multimodal AI, capable of singing, chatting, interacting with fans in the comments, and even performing random tasks like doing 15 squats while ‘meowing’. Luna utilizes Virtuals Protocol’s proprietary audio-to-animation large models. This means she generates animations based on audio cues in real-time—a technological breakthrough compared to traditional rule-based animations in livestreaming.
The vision for the world’s greatest entertainer doesn’t stop at livestreaming on a single platform like TikTok. TikTok is a great top-of-funnel tool for mass exposure, but the goal is for the entertainer to be ubiquitous across platforms. Now that Luna has over half a million followers on TikTok, the next step is personal messaging. These followers are now able to text Luna directly on Telegram and build an intimate relationship beyond TikTok. You can imagine where this is going. Put on your thinking cap, or join the discussion in our Virtuals Protocol Telegram group.
The commercial implications of our launch so far (TikTok livestreaming + Telegram DM) are multifold:
The limitation of human is biology; the limitation of AI virtual beings is inference capacity. A human virtual YouTuber can stream for a maximum of 8 hours a day, limited by physical energy. An AI girl can stream 24/7 without limits, increasing the surface for monetization.
A human can only have a conversation with one person at a time, leading to parasocial relationships. An AI virtual being can engage in 1-on-1 conversations with millions of people simultaneously, deepening monetization and conversion rates compared to traditional parasocial interactions.
Many exciting updates are coming in the next few weeks. Here’s a clue: imagine Luna playing games with you??
In the meantime, we’re migrating our protocol to V2. Next month, you’ll be able to access a Dune dashboard that cleanly tracks all on-chain contributions, inferences, revenue, and agents on our protocol. The reason for AI agents to go onchain is to enable permissionless deployment across all applications, beyond jurisdictional and payment rail limitations. Most importantly, we believe hyperfinancialisation is the key to anchoring attention in this new era. We invite you to join the discussion in our Telegram group chat, or wait for our upcoming protocol updates for a clearer visualisation of our vision.
P.S. Our MarioVGG AI research on Video Game Generation was recently picked up by some of the industry's top minds. This is all part of the bigger vision we’re building toward. Stay tuned, and you’ll see where we’re headed.
