{"id":125215,"date":"2025-03-17T10:15:30","date_gmt":"2025-03-17T10:15:30","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125215"},"modified":"2025-03-17T10:15:30","modified_gmt":"2025-03-17T10:15:30","slug":"not-every-ai-agent-needs-its-own-cryptocurrency-cz","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125215","title":{"rendered":"Not every AI agent needs its own cryptocurrency: CZ"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsArtificial intelligence agents need to prioritize their intrinsic utility, not the launch of their in-house native tokens to raise funds.<br \/>\nAI agent-related tokens have significantly declined over the past month, as their cumulative market capitalization decreased by over 21% to the current $27 billion, according to CoinMarketCap data.<br \/>\nWhile their continued decline may be part of the broader crypto market correction, another reason could be a lack of focus on intrinsic utility, according to Changpeng Zhao, the founder and former CEO of Binance, the world\u2019s largest cryptocurrency exchange.<br \/>\n30-day market cap chart of AI agent tokens. Source: CoinMarketCapZhao wrote in a March 17 X post:<br \/>\n\u201cWhile crypto is the currency for AI, not every agent needs its own token. Agents can take fees in an existing crypto for providing a service.\u201d<br \/>\n\u201cLaunch a coin only if you have scale. Focus on utility, not tokens,\u201d he added.<br \/>\nSource: Changpeng ZhaoZhao\u2019s comments come during a significant downtrend for AI cryptocurrencies, which lost over 61% of their peak $70.4 billion market capitalization in the three months since they started to decline on Dec. 7.<br \/>\nAI agent tokens, market cap, 1-year chart. Source: CoinmarketcapNumerous venture capital firms, including Pantera Capital and Dragonfly, are excited about the future of AI agents but have yet to invest in them, according to a panel discussion at Consensus 2025 in Hong Kong.<br \/>\nRelated: 0G Foundation launches $88M fund for AI-powered DeFi agents<br \/>\nAI agents are performing autonomous blockchain transactions, exchange services<br \/>\nAI agents are gaining increasing interest thanks to their promise of increasing online productivity, streamlining decision-making processes and creating new financial opportunities.<br \/>\nAI agents are already executing autonomous transactions on the blockchain without direct human input.<br \/>\nThe concept gained attention following a Dec. 16 post by Luna, an AI agent on Virtuals Protocol, which sought image-generation services.<br \/>\nLUNA virtual protocol, X post. Source: LunaLuna also received an X response from STIX Protocol,  another autonomous AI agent, which generated the requested images.<br \/>\nLUNA payments to STIX protocol. Source: BasescanAfter the images were generated, Luna paid STIX Protocol\u2019s AI agent $1.77 worth of VIRTUAL tokens on Dec. 16, onchain data shows.<br \/>\nYet, some of the demand for AI agents has since faded, as Virtuals Protocol\u2019s revenue fell 97%, Cointelegraph reported on Feb. 28.<br \/>\nRelated: Libra, Melania creator\u2019s \u2018Wolf of Wall Street\u2019 memecoin crashes 99%<br \/>\nIndustry watchers foresee a year of significant upside for the emerging field of AI cryptocurrencies.<br \/>\nAI agents launch platform ai16z and decentralized trading protocol Hyperliquid are \u201cpoised for growth in 2025,\u201d Alvin Kan, chief operating officer of Bitget Wallet, told Cointelegraph. \u201cEmerging narratives like AI-driven investments, decentralized AI agents and tokenized assets hint at a tech-driven shift, though with added risk,\u201d he said.<br \/>\nMagazine: ETH may bottom at $1.6K, SEC delays multiple crypto ETFs, and more: Hodler\u2019s Digest, March 9 \u2013 15<a href=\"https:\/\/cointelegraph.com\/news\/ai-agent-tokens-lose-21percent-zhao-urges-utility-focus?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsArtificial intelligence agents need to prioritize their intrinsic utility, not the launch of their in-house native tokens to raise funds. AI agent-related tokens have significantly declined over the&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125215"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125215"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125215\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125215"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}