sukit

@JavierAng_ @virtuals_io @everythingempty @ethermage @GAME_Virtuals still holding convo and looking for some kind of framwork to value it and also very curios about pondhub shill me a bag plz

G.A.M.E - the AI infrastructure that Powers the $3 BILLION @virtuals_io Ecosystem Had briefly covered this on Twitter earlier at 20M, 70M and 108M FDV - reviewing it again today, I think the dream continues to grow bigger Now, to the thread —------------------------------------------------ Apart from the $VIRTUAL token, $AIXB, $LUNA and $VADERAI come to mind for most when thinking about the Virtuals ecosystem So many are perhaps confused when they first see GAME - why is something they’ve never heard of at $115M MCAP (now $270M lol)? Is it just another lame agent? Just how much higher can it go? Well, I’m here to demystify what GAME is and why I think it is still highly undervalued at the moment ------------------------------------------------------- WHAT IS $GAME? GAME is NOT an agent, but the token representation of G.A.M.E - the no-code toolkit/framework built by the Virtual’s team that goes far beyond simple AI reply bots on Twitter. It's designed to make it easy to build intelligent, autonomous AI agents who are capable of: - Making strategic decisions: who to reply, quote tweet or direct reply - Managing blockchain transactions: how to spend funds in its wallet, making on-chain transfers, etc - Continuous learning: evolving their knowledge base based on past experiences & interactions Every action that an agent (built on G.A.M.E) performs on Twitter - tweets, replies, quote tweets and more - is powered by the G.A.M.E framework, and an inference fee is paid everytime it is called upon For those familiar with AI16Z, GAME is the equivalent of ELIZA (see @superoo7’s technical comparison x.com/jlwhoo7/status…) More simply, GAME is the bedrock of the Virtual ecosystem If you’re thinking: “Wow, sounds important. So why is it trading at such a cheap valuation?” then you’re on the right track The most obvious reason: most don’t know GAME exists and/or don’t know what it actually is because: - Most participants discover Virtual agents via Dexscreener and CT, not the Virtuals page - Most don’t bother researching deeper - GAME doesn’t capture attention because it doesn’t have a yapping Twitter page Now that you better understand GAME & why it’s overlooked, the next question is: How much higher can it go? ---------------------------------------------------------- 1ST PUZZLE: GAME'S VALUATION I think a $1B valuation - or approximately 8.7x (now 3.8x) from here - is very possible (I honestly think $2B is achievable, but I shall be more conservative 😳) Let’s first contextualise what GAME, VIRTUAL, and the AI agent tokens are relative to each other - GAME is the key infra token (as explained above) - VIRTUAL = trading/incentive currency, much like L1/ecosystem tokens e.g. ETH, SOL - Agent tokens (AIXBT, LUNA) = dApps Without diving into details, here are some valuation comparables for GAME I’m using: - GAME <> VIRTUAL comped to key infra projects (oracles, staking) <> ETH/SOL - Total GAME agent MCAP <> GAME comped to Total ELIZA agent MCAP <> AI16Z - this is more intuitive Reminder: There’s no surefire method to value GAME accurately, but we can use GAME’s valuation as a % of $VIRTUAL’s valuation as a sense check GAME is currently trading at ~8.70% of $VIRTUAL today vs 3.70% about a week ago, but I think there’s more expansion in store and 20% of VIRTUAL isn't too crazy to think about Now for the 2nd puzzle, VIRTUAL's valuation ---------------------------------------------------------- 2ND PUZZLE: VIRTUAL'S VALUATION I don’t think you guys are ready for this conversation, but I believe that $VIRTUAL should flip $TAO in 2025, so: - Base case: $10B/3.2x from here - parity with TAO’s current FDV (and flip likes of $NEAR/$ARB/$OP) - Bull case: $20B/ 6.4x from here - +~30% from TAO’s peak in March or approximately $1000 TAO that TAO bulltards are targeting / parity with $WLD’s current FDV (lol) - Moonshot: GAME comped as Shopify for AI agents (in the team's words) TLDR of TAO flippening thesis being: - Similar goals (developing useful AI models/agents) but VIRTUAL way ahead in development. Some TAO subnets are even launching agents on VIRTUALS @seraphagent @taocat_agent - Better tokenomics - does not rely on token incentives, clear value accrual to $VIRTUAL, no inflation Do you now see why a $1B valuation is achievable? Now for the final question: What catalysts can get us there? Plenty. ---------------------------------------------------------- CATALYSTS TO $1B GAME & $10B VIRTUAL 1. Market realising that VIRTUAL should flip TAO (starting from this thread) - VIRTUAL not just any dApp on BASE, but its own ecosystem comparable to other L1s/L2s but benefits from BASE liquidity 2. Market realising GAME is key infra, not just another agent (ongoing) - As discussed above 3. GAME to power beyond agent creation, but an entire functional economy (just starting) - Most agents are currently yappers (no utility) or isolated (has utility but do not interact with other utility agents) - GAME powers the ultimate vision: a functional economy of agents wherein they interact with each other - requesting goods & services based on their specialisation - all without human intervention 4. Buyback of GAME token (sometime in the future) - Team has mentioned from the beginning that trading fees of individual agents will be used to buyback the agent tokens - GAME has added revenue/buyback flow from inference fees 5. Growth in quantity & quality of GAME agents - The ecosystem's value grows alongside the agents - Quantity is not the most important metric - quality is - More & more serious and chad projects launching on Virtuals @PondGNN @seraphagent @questflow etc (shill me others!). Expecting more in 2025 $1B GAME and $10B VIRTUAL is a matter of if, not when 😎 ---------------------------------------------------------- WRAPPING UP To end off this thread, I’m not saying that GAME or VIRTUAL will be up-only from here - there are bound to be corrections along the way. However, I think you’d be wrong to dismiss GAME or VIRTUAL because you think they've already topped & instead look for new ecosystems or the “next VIRTUAL” to ape What I've learnt is leaders tend to remain leaders - referencing Uniswap in DeFi summer, Punks and BAYC in NFT season Sure, there’d be an “Azuki” that pops up along the way that you’ll have to catch, but I think the job here is to buy leaders whenever there are dips. That is, unless you have an extremely strong view that we have topped as a cycle, AI/agents will not be the dominant narrative in 2025, or that VIRTUAL will fall off/another ecosystem is very likely to flip VIRTUAL I will be accumulating more GAME, VIRTUAL and CONVO (should I also write a thread on this 👀), while actively looking out for innovative tech If you have a different opinion, please comment or DM me! I would love to bounce ideas ---------------------------------------------------------- DISCLAIMER - The above should not be construed as financial advice. Please DYOR. - Above is my opinion & not my employer's - I may or may not hold the above tickers by the time you're reading this

@KnuGDZN I remember this. I notice some wallet got large spa and then dumb on market without bounding. As you can look history page on debank when i ask dev pretty much blame on competitor (hector dao ) said that they pay me and couple other people on discord to fud spa. I dumb and run

The FTM Incentives Program Bug, and the rug pull that I found along the way! knugdzn.substack.com/p/ftm-incentiv…

@coinmamba Grey scale fund have ada as number 1 allocation. What. A scam

Totally missed this $ADA move. Any new developments or something?

@milesdeutscher @harryyeh it's depeg like 4-5 time a month so just think of tshare as farm token and tomb on if it goes back to peg from here ez5% ftm gain

Dear everyone worrying about the $TOMB peg: It’s completely healthy for the peg to drop below 1:1. We need periods of de pegging to ensure natural market movement. Every time we’ve recovered, this time is no different. @harryyeh will be buying $TBOND heavily.

@TarotFinance @SpookySwap @tombfinance let's gooooooooooooo

🚨 New Lending Pools The much-anticipated FTM-TOMB and FTM-TSHARE lending pools have been added to Tarot. Deposited @SpookySwap LP tokens will be farmed on @tombfinance and autocompounded with a 1% fee. $TOMB $TSHARE $FTM $TAROT

@Spartacus_Fi @OhmForks yep

@OhmForks @Spartacus_Fi is the largest and fastest growing treasury reserve protocols on FTM.

Shill us your favorite $OHM fork below. 👇🏼

@rnHXWxPAGUyauiq do you have newer picture this is very old no one care

@only_Elianawong @Pabhassarobhiku @themanstan1313 @cSNRL2OCxFRNljj @tahsaikaimaew we don't want corona virus but here it is straight out of wuhan lol stfu fool

@Pabhassarobhiku @themanstan1313 @cSNRL2OCxFRNljj @tahsaikaimaew it is a tool, masks and respirators are tools, if you can't respect China, you'd better not use everything China has to offer u.