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You are here: Home / News / Solana Powers Virtuals Protocol’s $1.6B Expansion, Driving Major Innovation
Solana

Solana Powers Virtuals Protocol’s $1.6B Expansion, Driving Major Innovation

January 26, 2025 by Bena Ilyas

  • Virtuals Protocol expands to Solana, aiming for AI and blockchain innovation, valued at $1.6B.
  • 42,000 VIRTUAL tokens granted through the Venture Partner Model for Solana and Base projects.
  • Virtuals partners with SOL Foundation to host an AI Hackathon, boosting cross-chain development.

Virtuals Protocol, a platform dedicated to building a co-ownership layer for AI agents, has announced its expansion to Solana. The strategic move highlights the platform’s commitment to driving innovation and empowering developers across various ecosystems. The integration paves the way for future AI developments on Solana, enhancing the blockchain’s utility.

The expansion to Solana aligns with Virtuals Protocol’s mission of generating meaningful value and sparking innovation among builders. Virtuals Protocol attracts developers and users by being on SOL and Base chains, boosting scalability and easing network congestion.

Venture Partner Model Grants 42,000 VIRTUAL Tokens

Virtuals Protocol will introduce a Strategic Solana Reserve (SSR), converting 1% of trading fees to SOL. In addition to the SSR, Virtuals has launched the Venture Partner Model, offering 42,000 VIRTUAL grant tokens to early-stage projects built on the SOL and Base protocols.

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Solana Powers Virtuals Protocol’s $1.6B Expansion, Driving Major Innovation 3

Virtuals Protocol has partnered with the Solana Foundation to host the upcoming Virtuals AI Hackathon. This event will offer technical assistance and guidance to developers, encouraging creators to develop impactful projects combining AI and blockchain. Such initiatives reinforce Virtuals Protocol’s dedication to collaborative progress across ecosystems.

Virtuals Protocol will also launch a Meteora pool to enhance liquidity and expand its grants program. This ensures financial support for early-stage builders while fortifying the SOL network. WolvesDAO founder Sam Steffanina highlighted the integration’s significance on X on January 26, 2025, stating that “multichain is the future,” emphasizing cross-chain expansion in 2025.

Virtuals expanding to Solana is bigger than most realize.

obviously perfect timing by @virtuals_io to tap into Solana's momentum.

they're diving head first with a
– Meteora Pool launch
– Strategic SOL Reserve (1% of trading fees → SOL)
– 42K $VIRTUAL token grants for…

— Sam Steffanina (@SamSteffanina) January 25, 2025

Virtuals Protocol Expands to Solana for Innovation

Virtuals Protocol announced the expansion to SOL through an X post, expressing excitement about empowering builders and driving innovation. The platform’s roadmap includes extending its presence to other blockchains, establishing partnerships with industry leaders, and providing financial support for ecosystem projects.

Nuffle Labs co-founder Altan Tutar praised the move to Solana as a “smart decision.” He posted on X that targeting Solana’s liquidity enables Virtuals Protocol to unlock potential value quickly, avoiding delays in launching an independent chain. The decision demonstrates the team’s strategic focus on high-impact ecosystems.

Virtuals expanding to Solana is fascinating for a few reasons:

> I can’t recall any app expanding multi-chain as quickly as Virtuals. Tooling and infrastructure are now in place—something that wasn’t the case in the last cycle.

> In the long run, the chain where an app gains…

— altan tutar (@mraltantutar) January 25, 2025

Virtuals Protocol launched in October 2024 and is currently the 68th largest crypto token by market capitalization, valued at $1.6 billion, according to CoinMarketCap. However, the platform faced challenges, including a smart contract bug in January 2025. After an alert from security researcher Jinu, Virtuals Protocol issued a fix and relaunched its bug bounty program.

The expansion to SOL signifies a bold step in Virtuals Protocol’s journey. By prioritizing innovation, community support, and cross-chain growth, the platform sets the stage for future advancements in AI and blockchain integration. The strategic move underscores its vision to create impactful solutions in a rapidly evolving crypto landscape.

Read More: Solana ETF Approval Looms: Will Grayscale’s Solana ETF Propel SOL Price to $4700?

Filed Under: News, Altcoin News Tagged With: AI and blockchain innovation, Cryptocurrency, solana, Strategic Solana Reserve (SSR), Virtuals Protocol

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