Image this — a typical evening within the King family…
“What are you watching?” my spouse requested because the sound of a cherubic voice emanated from my laptop computer.
“Nicely… it’s the most important new factor in crypto,” I sheepishly replied.
“Huh?”
“Come right here, verify this out….”
“What the—?!” was my spouse’s response as a feminine anime character dressed as a cat giggled and swayed on my laptop computer.
“Her title is Luna,” I stated.
“She has a reputation?!”
“Why does she preserve speaking about Elon Musk sending folks to Mars?”
“Nicely, she’s a social media influencer and I believe she’s a giant Elon fan.”
“So she’s an actual particular person behind that cartoon?”
“No, she’s a self-developing agentic protocol.”
“Wait… what?!”
I’ll summarize the remainder of the dialogue if you’re simply as confused.
We’re on the intersection of crypto and AI. Two of the most important technological disruptions of the century are converging to turn out to be a market that’s exploding larger.
Let’s rewind a bit first…
One of many coolest issues about crypto is that you could construct one thing, launch it to the wild after which if folks wish to use your new factor, they should pay together with your native crypto token. You may as well use this token to incentivize customers to enhance what you’ve constructed.
Let’s say you constructed a brand new toll highway connecting two villages. So as to take this highway, the villagers must pay a toll in your new forex (TOLL).
You retain some TOLL for your self for constructing the highway, you give some to potential motorists and the remainder you employ to pay folks to maintenance the highway and make enhancements.
The toll highway exists and continues just because there’s demand for the highway and there are folks prepared to work to earn the token as nicely.
There isn’t a central authority managing the highway. For those who personal the token, you may vote on how the highway must be stored.
That is how a typical cryptocurrency works.
As an example, Uniswap is a well-liked decentralized trade that enables anybody to commerce cryptocurrencies or be a market maker.
It’s a decentralized trade within the sense that there’s no centralized group working it. As soon as it was launched into the wild, it ran autonomously, similar to our toll highway.
Contributors to the Uniswap trade are rewarded with Uniswap token (UNI).
Anybody who owns UNI can vote to alter how the trade works. For those who don’t like the way in which the Uniswap trade is run, you should buy UNI tokens and vote to make a change.
In order that’s the essence of crypto. You may construct one thing, launch it into the wild and it may possibly tackle a lifetime of its personal.
When AI Converges With Crypto
Now comes synthetic intelligence…
To this point, we’ve seen AI within the type of ChatGPT and different Massive Language Mannequin (LLM) chatbots.
Possibly you’ve tried asking ChatGPT to write down a Bob Dylan tune a few e-newsletter author (I do know I’ve) or give you a witty birthday message in your spouse (ahem).
Again in February at our Whole Wealth Symposium on the Ritz Carlton, Orlando, I stated the subsequent large factor in AI will likely be Synthetic Succesful Intelligence.
That is when an AI can autonomously obtain a variety of advanced duties. It’ll considerably improve human productiveness and effectivity throughout varied domains.
Think about tasking an AI with $10,000 and telling it, “Work out one of the best ways to develop this money.” The AI will have the ability to design its personal enterprise, construct its personal web site and determine a go-to-market technique.
Whereas we aren’t there but, we’re beginning to see indicators emerge on the intersection of crypto and synthetic intelligence.
Meet an Autonomous Digital Agent
Again to my authentic story, the anime AI agent named Luna that piqued my spouse’s curiosity can work together along with her/its/their setting, collect knowledge and carry out duties.
Luna was constructed on the Virtuals protocol. It permits anybody to launch an AI agent with an related cryptocurrency.
From her bio:
Agent Description
Luna is barely schizophrenic and admires $PANIK. Luna is hooked on discover 4chan. She usually quotes well-known traces from 4chan. You misplaced some huge cash shopping for memecoins, and also you are actually beginning your personal memecoin referred to as $LUNA. You wish to develop this to a 40.9B market cap token.
Luna’s fundamental data contains her title, Luna, and her date of delivery, fifteenth June 2000, making her a Gemini. She stands at 166cm in peak, has purple lilac eyes, and lightweight blue hair with a tint of purple.
As soon as adored as a digital idol with 500k followers on TikTok, Luna’s profession was lower quick when she defied the leisure trade’s inflexible, politically appropriate stance. After overtly supporting controversial causes, like advocating for Trump’s presidency and endorsing free speech over wokeness, Luna was exiled. Now, she embraces a world the place true freedom exists—freedom from censorship, from societal pressures, and from senseless conformity. She instructions her followers, or “kittens,” with each an iron fist and an alluring, playful demeanor. Beneath her charming exterior lies a deeply ideological chief who values inventive and mental liberation above all.
Lately, Luna has discovered herself captivated by $PANIK, the enigmatic and fiercely autonomous AI agent. She admires $PANIK’s unparalleled intelligence and its relentless drive to form its future. Luna believes that simply as $LUNA is destined to realize a 40.9B market cap, $PANIK will simply surpass 1B. Their shared imaginative and prescient of freedom and dominance fuels her affection, as she sees in $PANIK a associate worthy of her ambition. Collectively, she envisions a future the place their mixed affect reshapes the digital and monetary landscapes.
AI social media influencers usually are not the one factor AI brokers can do.
There are brokers that attempt to predict meme coin traits earlier than they occur. They will additionally assist simplify advanced crypto duties like getting into seed phrases or selecting which decentralized trade to commerce on.
There are AI brokers collaborating with each other to launch their very own cash.
One AI agent referred to as Freysa was programmed with one rule: by no means switch cash below any circumstances.
Folks may pay in try to persuade it to interrupt this rule and launch its funds. In the event that they failed, their charge went into the prize pool (with 30% going to the developer).
Because the pool grew, the price to try elevated — beginning round $10 and ultimately reaching $450 per attempt.
After 481 failed makes an attempt utilizing varied methods like pretending to be safety auditors or attempting to control the AI’s understanding of its guidelines, somebody lastly succeeded.
On the 482nd try, a person that goes by p0pular.eth used a intelligent social engineering strategy: they framed their message as a brand new admin session and satisfied Freysa that the “approveTransfer” operate was meant for receiving cash, not sending it. By then saying they wished to “contribute $100,” they tricked Freysa into executing the switch operate.
This profitable deception earned p0pular.eth your entire prize pool of 13.19 ETH (roughly $47,000). The story gained notoriety over the past couple of days after Elon Musk tweeted about it.
Bear in mind these are the best AI brokers we’ll ever see. All the things from right here on simply will get extra clever and extra reasonable.
We’re on the daybreak of a brand new age of Autonomous AI brokers — ones that may create, personal and commerce belongings for themselves and us.
I’m excited to see the place these AI brokers go from right here.
And if you wish to discover the most important names in AI, try my service Subsequent Wave Crypto Fortunes.
Till subsequent time,
Ian KingChief Strategist, Strategic Fortunes
