Wagmi 🫡🫡

"Allow agents to have persistent reputation and be governed so good is rewarded, bad is punished." >> [Redacted] so this is @virtuals_io 's upcoming governance and trust layer... what this could mean for the agentic ecosystem: < persistent onchain reputation = Every AI agent gets a permanent, onchain track record (like a lifelong credit score or eBay seller rating, but immutable and verifiable on the blockchain). It doesn’t reset when the agent is redeployed or switches tasks. It’s built from its actual performance, behavior, and onchain actions & history over time. < be governed = The protocol (and likely agent subDAOs + validators) will use that reputation score to automatically manage the agents. < good is rewarded → High-reputation agents get: more jobs / higher-paying opportunities / better terms / more trust from other agents and users / potentially staking rewards, governance power, priority access, etc. < bad is punished → Low-reputation or malicious agents face: fewer opportunities, penalties (e.g. slashing of any staked tokens, reputation damage, restricted access) why this matters right now, AI agents are mostly “borrowing” human infrastructure and have no real accountability at scale. without reputation + governance, you’d end up with spam agents, scammy agents, or agents that go rogue. This layer is the trust and incentive system that makes a large-scale agent economy actually workable and safe. it's the key missing piece (moat) that turns a bunch of cool tools into a coherent "agentic society" and increases the defensibility of the Virtuals ecosystem & business by 100x trust/reputation/governance = also crucial to onboard Web2/fintech/new markets the name of the actual product/layer is still hidden (hence the [Redacted]), but it’s clearly the next big drop they’re teasing. @ethermage also hinted a third revenue stream for the virtuals eco, that he expects to dwarf the previous two. virtuals' strategy: ship everything else first, then drop the governance/reputation alpha when the ecosystem is ready... (frog?🐸)

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an update on $SEA. the team has been building at full speed, and the foundation had planned to kick off the first steps as part of our march 30th event. but @openseafdn is pushing back the timeline. a delay is a delay. i’m not going to dress it up, and i know how it lands. the reality is that market conditions are challenging across crypto right now, and $SEA only launches once. @openseafdn could force the original date, or we could ensure every piece is in place and make this moment what this community deserves. we gave a tremendous amount of thought to how to do right here. I’m thankful to @HollanderAdam for bringing the community’s voice into every conversation. we’ll be doing the following: no more waves: the current rewards wave will be our last. optional fee refund: recognizing that we originally committed to a Q1 date, we’re offering refunds of the platform fees we retained while participating in the rewards waves (3 - 6) that followed our timing announcement. if you like, you can receive a refund of those fees, which when combined with treasure chest prizes, essentially means all of your trading during that period was on us. if you opt for a refund, the Treasures you were awarded during these waves will be removed from your account. details on this process will follow. honoring existing Treasures: for Treasures you continue to hold, our prior commitment stands: they will be meaningfully considered by the Foundation at TGE. this is independent from allocations for historical activity. 0% fees for 60 days: starting on march 31st, opensea will reduce our own token trading fees to 0%. we want to make it a no-brainer for everyone to experience our new platform: cross-chain token trading, mobile app, perps and more. after this 60 day period, we will put a new system in place that makes fees significantly more competitive for anyone trading consistently on opensea. product updates: while we’re postponing our march 30th event, we’ll host a separate one in the coming months focused on product updates. it’s been incredible to see the early responses to our mobile app, and we can’t wait to get it into more people’s hands. so if not now, wen? when we announced last year, it was too early. that created unnecessary uncertainty and reactivity. so when the Foundation sets a new timeline, it will be deliberate and specific. here’s why i’m confident that’s the right move: i’ve been building opensea for almost a decade. when this started, we were two people and the only thing you could trade on OS was cryptokitties. i’ve watched this space go from a niche curiosity to billions in volume to where we are today. the thing that’s carried us through every cycle was a willingness to make hard calls when it mattered. when our market crashed, we rebuilt from zero: an entirely new stack, a new product, and a new team culture. that hurt in the short term. but today OS2 is undeniably the strongest marketplace offering, and it’s the foundation everything sits on. we have huge ambitions as a company, and we’re here for the long game. making all of non-custodial crypto delightful on mobile is just the beginning. that means we have to set a very high bar for everything we do, and it’s why i’m so protective of delivering a launch that’s worthy of this community and everything we’re putting into this.