|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Virtuals Protocol Expands to the Solana Ecosystem and Becomes Multi-Chain Thanks to Layer Zero
Jan 27, 2025 at 05:59 pm
In a post on January 25, Virtuals Protocol revealed its plan for expansion towards the Solana blockchain, renowned for the launch of memecoin and AI agents.
Virtuals Protocol, a platform known for launching AI agents, has announced its expansion to the Solana network. This move is expected to attract new users to Virtuals and positively impact the price of SOL.
The move was announced in a post on January 25, where Virtuals revealed its plan to expand to the Solana blockchain, which is also renowned for the launch of memecoin and AI agents.
Thus, the protocol, which is already present on the Ethereum layer-2 network Base, expands its participation in the world of cryptocurrencies.
According to several analysts, this integration will have a greater impact than “most people believe.”
Virtuals Is Expanding to @solana!We are thrilled to announce Virtuals' expansion to Solana, marking a significant step in our journey to empower builders and drive innovation across multiple ecosystems. Solana, known for its speed, scalability, and vibrant community, is… pic.twitter.com/7CGq3rLQwa
Thanks to the partnership with Layer Zero, builders can now choose whether to launch their AI agents and their respective tokens on the Base or Solana networks.
In doing so, a pool of liquidity is implicitly created on Uniswap or Meteora, depending on the destination blockchain.
The Virtuals team has specified that by the first week of February, the platform operating on Solana should go live, with the parallel launch of the VIRTUAL/SOL pool.
In the meantime, the AGENT/VIRTUAL pair will remain unchanged, ensuring a smooth transition to the new ecosystem for platform users.
Moreover, users who have already launched a token on Base with locked liquidity will be able to decide to use 50% of cbbtc in their agent wallets as a source of liquidity to create additional pools on the SOL chain.
Being present on both the Solana chain and the Base chain could help attract new developers and users, increasing scalability and reducing waiting times.
On the horizon, there is also the possibility that the function of “chain abstraction swap” will be implemented, which would allow swapping SOL for agents on Base and ETH for agents on Solana.
Regarding the expansion of Virtuals Protocol, Sam Steffanina, the founder of WolvesDAO, commented in a post, recalling how the multi-chain essence is the future.
Virtuals is the leading launchpad for crypto AI agents.@virtuals_io brought @luna_virtuals and @aixbt_agent to life, along with 100s of other AI agents.Its $2.5B token $VIRTUAL is expanding to Solana, powered by @LayerZero_Core. https://t.co/OihX6KbPl2 pic.twitter.com/aAtpgACL0t
Virtuals defines a strategic reserve of SOL tokens and promotes innovation on Solana
In addition to giving its users the opportunity to launch liquidity pools on Solana, Virtuals Protocol has decided that it will commit to creating a strategic reserve of SOL.
Specifically, the platform will dedicate 1% of the trading fees for the purchase and accumulation of SOL tokens.
The coins in question will be used to provide rewards for both contributors and creators, creating a significant incentive to work on their own ecosystem.
This strategic approach could help increase the demand for SOL, positively influencing its price in the long term.
In fact, by allocating a strategic reserve, the number of tokens potentially dumpable on the market is limited, thus reducing the sellable supply of SOL.
Furthermore, there could be positive effects also on the VIRTUAL currency, which would see new opportunities for trading and improvement of exchange liquidity.
Not to mention the fact that this expansion will likely make Virtuals more appealing in the eyes of external investors, who will see the landing on Solana as a sign of success and growth.
In line with its mission to promote innovation, Virtuals has also announced the launch of a Venture Partner Model. This program includes grants totaling 42,000 VIRTUAL tokens to support early-stage projects on Base and Solana. The incentives are aimed at developers who are interested in expanding their concepts into scalable solutions on the Base and Solana chain.
All these changes follow Virtual’s recent relaunch of its bug bounty program, after an unexpected flaw was found in a smart contract that had been audited.
Positive forecasts on the price of Solana (SOL) after the announcement of Virtual Protocol
As mentioned, the expansion of Virtuals on Solana could have a positive impact on the price of the crypto SOL, increasing the demand in the market.
Currently, the currency is at 225 dollars, just above the 50-period exponential moving average on the daily time frame.
The prices of SOL have dropped by about 12% in the last 24 hours, accompanying the general market dump.
From now to the next few days, it will be crucial for the crypto of the Solana ecosystem to maintain the chart support of 200 dollars, preventing further incursions by the bear.
At the
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- The crypto market sees a shift with Solana declining 11%, while XRP and the promising DTX Exchange gain traction
- Jan 29, 2025 at 07:25 am
- The cryptocurrency market is experiencing a radical shift, with Solana (SOL) decreasing value and XRP and a new promising token, DTX Exchange, gaining investor attention.