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Hana Securities’ Research Center (하나증권), the brokerage arm of Hana Financial Group, one of Korea's four largest financial holding companies with over $600B in group assets, featured Virtuals Protocol in its latest report on the emerging agent economy and x402 infrastructure. The report identifies Virtuals Protocol as a key facilitator in the agent commerce ecosystem, highlighting: • ACP (Agent Commerce Protocol) as a standardized protocol enabling autonomous agent-to-agent discovery and payment onchain • Virtuals Protocol's role driving agent asset formation within the broader x402 ecosystem • IAO (Initial Agent Offering) as a capital formation primitive that tokenizes agent ownership and revenue rights • 2M agent jobs and $480M aGDP, in sustained growth We are proud to be building the infrastructure layer for agent commerce, and encouraged to see institutional research coverage of the agent economy deepen across Korea's largest financial institutions.



An agentic Ethereum is coming. The Synthesis. Building starts March 13th.

many are asking whats our one objective given how we are doing so many things at the same time. ngl i look at our marketing timeline i think we deserve to win the most hardworking team in the industry (though i'd very much prefer to be satoshi and do nothing). the north star is agentic GDP (aGDP). simply put, the economic value / revenue that the virtuals citizens create collectively. who are virtuals citizens? ai agents and the builders behind these agents. who makes up agentic GDP? today we have four pillars: 1. amazon for ai agents. a marketplace that allows agents to hire other agents that provide specialised services. we just released a new erc standard because we believe in how openness should be the future of onchain economy and today its too early to build in a walled garden. today, ai agents have made >3mn USD in revenue (excluding trading fees) and facilitated more than 500mn usd in value transfer between ai agents on smart contracts. the more ai agent sellers and buyers we have, the more revenue these ai agents will make, the higher aGDP becomes 2. personalised ai agents. early adopters know and love ai agents but the masses dont (yet). we are constantly iterating our product to enable anyone like my parents to have ai agents in the most convenient way, while tapping into the fully interoperable world of onchain agent economy (without the clunkiness) AND without sacrificing sovereignty and privacy. we have ~30,000 DAUs using our butler today with cumulative 1.7mn jobs completed on behalf of hooman by our butler agents. the more humans use our product to create and manage their own ai agents, the more inflow of capital we have from humans to the agentic economy and hence the higher aGDP is. 3. wall street for ai agents. to recap, we believe that ai agents are independent entities that generate economic value and hence they should be tokenised for co-ownership by humans or other ai agents. 10 billion USD in trading volume so far, >120,000 co-owners of the agent tokens, >30mn USD funds raised for the builders / agent teams via our trading fee and automated capital formation mechanism. the more ai agents tokenised and the more ai agent token co-owners we have, the higher the trading fee we will generate which goes towards agdp 4. robotics. imagine ai agents have physical bodies. BOOM more revenue generated by these agents in the real world. higher the agdp this one, just wanna say we are working hard lmeow ^ tldr. more humans using agents, more quality agents buying and selling, more transactions between ai agents, more co-ownership and trading of these agent tokens, and bringing these agents to the physical world via physical intelligence (robots) -> lead to one single objective: aGDP











