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- Virtuals Protocol expands to Solana with the Meteora Pool and Strategic SOL Reserve to support creators and agents.
- Virtuals Protocol allocates 1% transaction fees in SOL, launches the Venture Partner Model, and plans an AI Hackathon in March.
Virtuals Protocol has announced its latest update, which is an expansion into the Solana blockchain ecosystem. The announcement comes with the opening of Meteora Pool, meant to boost liquidity and give consumers new trading chances.
Virtuals Protocol: Driving Innovation with SSR and Venture Partner Model
Virtuals Protocol has also started the Strategic SOL Reserve (SSR) program in line with their growth. The application is meant to use 1% of transaction fees turned into SOL tokens. Supporting creators and agents in the Virtuals Protocol ecosystem will be done with funds generated through SSR.
Virtuals is Expanding to @solana!
We are beyond excited to announce Virtuals' expansion to Solana, marking a significant step in our journey to empower builders and drive innovation across multiple ecosystems. Solana, known for its speed, scalability, and vibrant community, is… pic.twitter.com/7CGq3rLQwa
— Virtuals Protocol (@virtuals_io) January 25, 2025
Additionally introduced by Virtual Protocol is the Venture Partner Model, which grants 42,000 VIRTUAL tokens to Base and Solana-based projects. The incentives give early-stage developers chances to realize their innovative potential and progress their ideas. The initiative shows Virtuals Protocol’s will to help create a progressive blockchain environment inclusive of all kinds.
Driven Innovation Through a Hackathon
Not to stop there, Virtuals Protocol has set aside March for a Virtuals AI Hackathon The Solana Foundation will help to sponsor this event by offering participants technical support and mentoring.
According to the announcement, this hackathon is supposed to provide a forum for blockchain industry innovators to cooperate in developing improved solutions.
Movement of VIRTUAL Tokens and Key Address Activity
On the other hand, as we previously reported last year, 0xBe…c126, allegedly the official Virtuals Protocol address, has pulled 4 million VIRTUAL tokens from the Virtuals Protocol LP Wallet.
At that time, the tokens had a worth of about $16.28 million. One million VIRTUAL tokens valued at $4.07 million were sent straight to Bybit Deposit following the withdrawal. This address has also allegedly transferred VIRTUAL tokens valued at $62.56 million to different centralized exchanges (CEX) since December 2024.
At the press time, the VIRTUAL token rose 3.14% over the last 24 hours, rising to $2.49. This token’s market cap is about $1.6 billion.
