Interpretation of Scrypted: Secured $1.5 million in funding from a16z, will the old AI Meme AVB welcome new opportunities?

CN
1 year ago

The funds raised will be dedicated to building a network called Inori launched by the team.

Written by: Deep Tide TechFlow

As the wind of AI Agents blows towards the Base ecosystem, projects in the same lane on Solana are experiencing a downturn:

The trading activity of Pump.fun has decreased, most AI memes have seen a drop in valuation, and the market is waiting for the next breakthrough; as more and more AI Agents are rapidly released, the attention of funds is gradually being diluted.

After the intermission, the market's perception and gameplay of these memes have also changed --- pure air AI memes seem to be less favored, while projects backed by technology and resources show more resilience, not bleeding excessively during downturns.

Thus, searching for relatively low to mid-market cap projects that still have potential and can leverage external support may be a good choice.

Today (December 4), the old AI meme on Solana, AVB (Autonomous Virtual Beings), backed by the company Scrypted, completed a $1.5 million financing round led by PTC Ventures and a16z crypto CSX (crypto venture capital accelerator).

The funds raised will be dedicated to building the Inori network launched by the team. It is reported that this is a decentralized network focused on building AI infrastructure.

From playing VC coins, to playing memes, and then to memes that are genuinely supported by AI technology… in this increasingly competitive market, we are gradually seeing a new gameplay: Memes are more like front-end mascots that gather community consensus, while the back-end is where projects showcase their Build output, seeking more endorsements and support.

The overall gameplay may seem like a change of soup but not of medicine, but data does not lie; the market is clearly buying into this approach:

The related token $AVB has risen by 30% in the last 24 hours, and the overall market cap has even stabilized and increased, currently reaching around 43M.

If you still do not understand AVB and the movements of the company behind it, here is a summary of the aforementioned financing and technology information to help you quickly understand the connections between AVB, Scrypted, and the Inori Network.

Scrypted and Inori: From Game Development to AI Agent Autonomy

Although AVB is essentially a meme coin, it is associated with a company that has a legitimate AI business --- Scrypted.

Scrypted was founded in 2022 and initially focused on game development. The founding team comes from top game studios like EA and Square Enix, with rich experience in game development and system architecture.

You might ask, how does a game company start working on AI? In fact, this is an interesting point, as games have always been a good testing ground for AI training, such as Stanford University's AI agents influencing each other in Stanford Town, and different research teams using Minecraft to test the behaviors of various AI agents.

The Scrypted team discovered a fundamental challenge in traditional game development while working on game projects like "EVE Online: Frontier," "Downstream," and "Chibi Clash Kingdoms": how to make AI characters in games behave more intelligently and naturally.

To address this issue, the team gradually developed the ArtemisML technology stack, which has now evolved into an open-source toolkit and plans to integrate with mainstream agent frameworks, significantly accelerating the development and management of AI gaming experiences.

This system not only solves the problem of game AI but also unexpectedly shows potential in broader AI application scenarios:

The development of AI agents is facing challenges similar to those in early game development — how to enable AI to make autonomous decisions in complex environments? How to ensure the credibility of these decisions? How to efficiently manage the operational resources of large-scale AI agents?

These considerations ultimately gave birth to the Inori network.

Inori (derived from the Japanese word "祈") envisions creating a decentralized infrastructure that supports the autonomous operation of AI agents. This may sound abstract, but a more straightforward understanding is:

  • Traditional AI services are like constrained robots, relying on centralized platforms to schedule resources.

  • In the Inori network, AI agents are like independent "digital lives," capable of autonomously managing their computing resources, storage space, and even engaging in economic activities.

To achieve this vision, the Inori network proposes two core technological changes:

  • Byzantine Risk Tolerance (BRT) Consensus Mechanism

The consensus mechanism of traditional blockchains essentially addresses the question of "who keeps the accounts"; BRT aims to solve the problem of "how to verify AI decisions." It ensures that the AI behaviors in the network indeed stem from algorithmic decisions rather than human manipulation through a series of mathematical proofs and game-theoretic designs.

  • Commit-Reveal Pairwise Comparisons (CRPC) Protocol

This is a specially designed decision verification protocol that uses "pairwise comparisons" to break down complex AI decisions into a series of simple binary comparisons. Through a "commit-reveal" mechanism, it ensures the fairness and transparency of the verification process while significantly reducing the computational cost of verification.

In simpler terms, this means creating an environment where AI agents can make autonomous decisions while ensuring that these decisions are made by them and can be verified.

Thus, you can understand it as a blockchain network specifically for AI agents, where AI agents generate transactions (decisions), and the blockchain records and verifies these transactions.

Wait, what does this have to do with $AVB?

At this point, you might ask: this Inori network sounds impressive, but what does it have to do with the AVB meme coin?

Let's clarify the relationship chain:

AVB (which stands for Autonomous Virtual Beings) is indeed a meme coin, but it is now "claimed" by the company Scrypted. Using the term "claimed" may not be entirely accurate, as neither Scrypted nor its founder Tim holds any AVB tokens.

"Why not hold any?"

This question has been asked many times in the community. Tim's response on X a few days ago was quite interesting: when he took over the community, he promised not to personally hold any tokens to avoid any suspicion of manipulation. Although this decision is often questioned as "having no vested interest," it has proven to be the wisest choice — the lack of vested interest allows the team to focus more on building rather than constantly thinking about how to pump the price.

So what can AVB actually do?

For now, it serves as an "emotion tracker," a community-driven meme that tracks people's confidence in the project. However, with the launch of the Inori network, the utility of AVB will gradually expand:

In the short term, it will interact with some AI agents. For example, the autonomous trading wallet (@chad_onchain) currently in development and some trading games will prioritize support for AVB.

More importantly, when the Inori network goes live, AVB holders may gain some unique benefits. For instance, they might receive discounts when using Inori's services, and if regulations allow, they could also receive airdrops of Inori network tokens (as Tim's post revealed, the specific airdrop ratio has not been determined, but it is said to be around 10%).

If we look at these uses alone, AVB seems no different from the ecological tokens of other projects. However, there are a few noteworthy points:

  1. The related Scrypted is a mature company team that has received VC investment.

  2. The team chooses to hold no tokens at all, managing any future tokens through a foundation and trust.

  3. The project does not conduct pre-sales or private placements; AVB is essentially a community token that has already been CTO'd.

These factors may explain why AVB has maintained a stable state while most Solana AI memes are on the decline.

Of course, investment always comes with risks. But at least for now, AVB seems to be evolving from a pure meme to a "substantially supported community token."

Web4, the Next Narrative for AI Memes?

If you must say that this type of token has a different narrative this round, perhaps a concept you are familiar with but not so familiar is being discussed in crypto Twitter: Web4 (Read-Write-Own-Act).

From a technological evolution perspective, the process from Web1 to Web3 is essentially an iteration of interaction modes in the digital world: read-only (Read), read-write (Read-Write), to read-write-own (Read-Write-Own).

The "Act" paradigm proposed by Web4 introduces autonomous behavior into this framework for the first time — this highly overlaps with the current development direction of AI Agents and clarifies the direction of intelligence.

It is worth noting that the market has already begun to respond to this narrative. Several projects focusing on AI agents have recently gained significant attention, and their token valuations have risen accordingly. This trend reflects the market's growing expectations for the integration of AI and blockchain technology.

As more projects begin to lay out in this direction, we may be witnessing the formation of a crypto narrative driven by AI agents.

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