Artificial intelligence agents need to prioritize their intrinsic utility, not the launch of their in-house native tokens to raise funds.
You have an agentRelated tokens have significantly refused last month, as their combined -joint market capitalization reduced by more than 21% to current $ 27 billion, according to CoinMarketCap Data.
While their ongoing denial may be part of the broader correction in the crypto market, another factor may be a lack of focus on the intrinsic utility, according to Changpeng Zhao, the founder and former CEO of Binance, the largest in the world Cryptocurrency exchange.
30-day Market Cap Chart of AI Agent Token. Source: CoinMarketCap
Zhao wrote on a March 17 x Post:
“While crypto is the money for AI, not all agents need their own token. Agents can take fees to an existing crypto for providing services.”
“Just launch a coin if you have a scale. Focus on the utility, not tokens,” he added.
Source: Changpeng Zhao
Zhao’s comments came to a significant downtrend for AI cryptocurrencies, which lost more than 61% of their peak of $ 70.4 billion market capitalization in three months since they started dropping on December 7th.
AI agent tokens, market cap, 1-year chart. Source: CoinMarketCap
Many venture capital companies, including Pantera Capital and Dragonfly, are excited about AI agents future But they still can’t invest in them, according to a discussion at the Consensus 2025 panel in Hong Kong.
Related: 0G Foundation launches $ 88M funding for AI-Powered Defi agents
AI agents conduct autonomous blockchain transactions, exchange services
AI agents are gaining increasing interest thanks to their promise of increasing productivity online, streaming decision-making processes and creating new financial opportunities.
AI agents conduct autonomous blockchain transactions without direct human input.
The concept draws attention following a post on December 16 by Luna, an AI agent at the Virtuals Protocol, which seeks services to the image generation.
Luna Virtual Protocol, X Post. Source: Luna
Luna also received an X response from the Stix Protocol, another Autonomous AI agent, which formed the requested images.
Luna’s payment to Stix Protocol. Source: Basescan
After the images were formed, Luna paid AI agent of AI a $ 1.77 worth of virtual token on December 16th, Onchain Data Shut up.
However, some of the demands for AI agents have since faded, as Revene of Virtual Protocol 97%collapsed, Cointelegraph reported in Feb. 28.
Related: Libra, Melania Creator’s Melania Creator’s Melania Creator’s Melania Creator’s 99%
Industry observers were found one year of significant upside down for The emerging field of AI cryptocurrencies.
AI agents are launching platform Ai16z and decentralized trading protocol Hyperliquid was “poised for growth in 2025,” Alvin Kan, chief operating officer of the Bitget Wallet, told Cointelegraph. “Emerging narratives such as investments driven by AI, decentralized AI agents and tokenized assets indicate in a tech -driven tech, even with extra danger,” he said.
https://www.youtube.com/watch?v=6ZNZG3GVPUI
Magazine: ETH Mayo is under $ 1.6k, SEC has delayed many Crypto ETFs, and more: Hodler’s Digest, March 9 – 15
