Not every AI agent needs its own cryptocurrency: CZ

4 hours ago 23

Artificial quality agents request to prioritize their intrinsic utility, not the motorboat of their in-house autochthonal tokens to rise funds.

AI agent-related tokens person importantly declined implicit the past month, arsenic their cumulative marketplace capitalization decreased by implicit 21% to the existent $27 billion, according to CoinMarketCap data.

While their continued diminution whitethorn beryllium portion of the broader crypto marketplace correction, different crushed could beryllium a deficiency of absorption connected intrinsic utility, according to Changpeng Zhao, the laminitis and erstwhile CEO of Binance, the world’s largest cryptocurrency exchange.

Zhao wrote successful a March 17 X post:

“While crypto is the currency for AI, not each cause needs its ain token. Agents tin instrumentality fees successful an existing crypto for providing a service.”

“Launch a coin lone if you person scale. Focus connected utility, not tokens,” helium added.

Zhao’s comments travel during a important downtrend for AI cryptocurrencies, which mislaid implicit 61% of their highest $70.4 cardinal marketplace capitalization successful the 3 months since they started to diminution connected Dec. 7.

Numerous task superior firms, including Pantera Capital and Dragonfly, are excited astir the future of AI agents but person yet to put successful them, according to a sheet treatment astatine Consensus 2025 successful Hong Kong.

AI agents are performing autonomous blockchain transactions, speech services

AI agents are gaining expanding involvement acknowledgment to their committedness of expanding online productivity, streamlining decision-making processes and creating caller fiscal opportunities.

AI agents are already executing autonomous transactions connected the blockchain without nonstop quality input.

The conception gained attraction pursuing a Dec. 16 station by Luna, an AI cause connected Virtuals Protocol, which sought image-generation services.

Luna besides received an X effect from STIX Protocol, different autonomous AI agent, which generated the requested images.

After the images were generated, Luna paid STIX Protocol’s AI cause $1.77 worthy of VIRTUAL tokens connected Dec. 16, onchain information shows.

Yet, immoderate of the request for AI agents has since faded, arsenic Virtuals Protocol’s revenue fell 97%, Cointelegraph reported connected Feb. 28.

Industry watchers foresee a twelvemonth of important upside for the emerging tract of AI cryptocurrencies.

AI agents motorboat level ai16z and decentralized trading protocol Hyperliquid are “poised for maturation successful 2025,” Alvin Kan, main operating serviceman of Bitget Wallet, told Cointelegraph. “Emerging narratives similar AI-driven investments, decentralized AI agents and tokenized assets hint astatine a tech-driven shift, though with added risk,” helium said.