Virtuals Protocol has announced its expansion onto the Solana blockchain. In an announcement made via the X platform, it was revealed that the protocol will launch the Meteora pool on Solana to manage strategic SOL ($254.83) reserves and convert 1% of all transaction fees into SOL.
The AGENT/VIRTUAL trading pair, a key component of the Virtuals ecosystem, will remain stable on Solana to ensure a seamless transition for users.
Following the development, the VIRTUAL token, which is also listed on Binance, gained more than 10% in value.
EtherMage, one of the core contributors to Virtuals Protocol, emphasized the importance of this multi-chain expansion. “Moving towards multi-chain integration is a crucial step in realizing our vision of an AI agent society,” EtherMage said. “A diversity of agents is essential to the development of autonomous businesses and societies. Expanding to Solana is just the beginning, and we plan to provide support on other chains in the future.”
Related News: BREAKING: Elon Musk Explores Use of Blockchain for D.O.G.E Initiative
To facilitate this expansion, Virtuals Protocol is dedicating resources to collaborate with leaders and foundations across each on-chain ecosystem.
Virtuals Protocol serves as the Base Chain AI Agent ownership layer protocol and acts as a tokenization channel for AI agent creation. The protocol enables the development of simple AI agents for games and consumer applications through a launch platform that is described as fair. These agents generate revenue, supporting the value of the token in the marketplace.
Virtuals token issuance model parallels platforms like pump.fun.
*This is not investment advice.
Continue Reading: Binance-Listed Altcoin Bounces Off The Bottom With Today’s Development
