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the rise of social ai agents and their impact on crypto markets
The Virtuals Protocol has emerged as the largest AI agent creation platform, boasting a market cap of $4.6 billion, with its native token surging over 10,000% in October 2024. Meanwhile, ai16z, a decentralized hedge fund, has also seen its token skyrocket by 15,000% in just two months, highlighting the growing interest in AI-driven projects. However, concerns about the potential misuse of AI agents and the sustainability of their popularity linger as the market evolves.