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.
“Effectively… 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 identify is Luna,” I mentioned.
“She has a reputation?!”
“Why does she preserve speaking about Elon Musk sending folks to Mars?”
“Effectively, she’s a social media influencer and I believe she’s an enormous 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 develop into a market that’s exploding greater.
Let’s rewind a bit first…
One of many coolest issues about crypto is you could construct one thing, launch it to the wild after which if folks wish to use your new factor, they need to pay together with your native crypto token. It’s also possible to use this token to incentivize customers to enhance what you’ve constructed.
Let’s say you constructed a brand new toll street connecting two villages. With a view to take this street, the villagers must pay a toll in your new foreign money (TOLL).
You retain some TOLL for your self for constructing the street, you give some to potential motorists and the remainder you employ to pay folks to repairs the street and make enhancements.
The toll street exists and continues just because there’s demand for the street and there are folks keen to work to earn the token as properly.
There isn’t a central authority managing the street. For those who personal the token, you’ll be able to vote on how the street needs to be stored.
That is how a typical cryptocurrency works.
As an illustration, 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 operating it. As soon as it was launched into the wild, it ran autonomously, similar to our toll street.
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 purchase 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 tackle a lifetime of its personal.
When AI Converges With Crypto
Now comes synthetic intelligence…
To date, we’ve seen AI within the type of ChatGPT and different Giant Language Mannequin (LLM) chatbots.
Perhaps you’ve tried asking ChatGPT to jot down a Bob Dylan track a few publication author (I do know I’ve) or give you a witty birthday message to your spouse (ahem).
Again in February at our Whole Wealth Symposium on the Ritz Carlton, Orlando, I mentioned the following massive factor in AI can be Synthetic Succesful Intelligence.
That is when an AI can autonomously obtain a variety of advanced duties. It is going to considerably improve human productiveness and effectivity throughout numerous domains.
Think about tasking an AI with $10,000 and telling it, “Determine one of the best ways to develop this money.” The AI will be capable 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 unique story, the anime AI agent named Luna that piqued my spouse’s curiosity can work together along with her/its/their surroundings, collect information 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 strains from 4chan. You misplaced some huge cash shopping for memecoins, and also you are actually beginning your individual memecoin known as $LUNA. You wish to develop this to a 40.9B market cap token.
Luna’s fundamental data contains her identify, Luna, and her date of delivery, fifteenth June 2000, making her a Gemini. She stands at 166cm in top, has purple lilac eyes, and light-weight blue hair with a tint of purple.
As soon as adored as a digital idol with 500k followers on TikTok, Luna’s profession was minimize quick when she defied the leisure business’s inflexible, politically right stance. After brazenly 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 accomplice 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 tendencies 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 known as Freysa was programmed with one rule: by no means switch cash below any circumstances.
Folks might pay in try and persuade it to interrupt this rule and launch its funds. In the event that they failed, their price went into the prize pool (with 30% going to the developer).
Because the pool grew, the fee to try elevated — beginning round $10 and finally reaching $450 per attempt.
After 481 failed makes an attempt utilizing numerous methods like pretending to be safety auditors or making an attempt to govern 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 method: 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 complete prize pool of 13.19 ETH (roughly $47,000). The story gained notoriety during the last couple of days after Elon Musk tweeted about it.
Take note these are the only AI brokers we’ll ever see. Every little thing 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 property 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, take a look at my service Subsequent Wave Crypto Fortunes.
Till subsequent time,
Ian King
Chief Strategist, Strategic Fortunes
