Ethereum partners with Virtuals! Launching the AI smart contract audit agent IRIS on Ethereum, with returns exceeding 500 times?

Recently, the Ethereum Foundation forwarded a post from the Base on-chain AI agent launch platform Virtuals Protocol, hinting at a collaboration between the two parties. It is understood that the first cooperation project, UndercoverIRIS, is in collaboration with Nethermind, led by Tomasz Stańczak, Executive Director of the Ethereum Foundation. UndercoverIRIS is an AI-driven Web3 smart contract audit agent, supported by the Ethereum core team, which might break the predicament in the crypto world where AI agents are merely hype without real-world application scenarios. If the token reaches 100 million dollars, the estimated return could exceed 500 times.

Nethermind behind IRIS, led by the Executive Director of Ethereum.

It is understood that the first collaboration project between Ethereum and Virtuals Protocol will be IRIS (UndercoverIRIS). Behind IRIS is the developer and researcher community Nethermind on Ethereum, which also allows. IRIS is an AI-driven Web3 smart contract audit agent that scans smart contracts, identifies vulnerabilities, and provides actionable remedies.

( Taiwanese developer Wang Xiaowei has been appointed as the co-executive director of the Ethereum Foundation, and core developer Danny Ryan returns ).

The Nethermind behind IRIS may be unfamiliar to non-developers, but the team’s founder, Tomasz Stańczak, is a core member of Ethereum. In March, the Ethereum Foundation announced that Taiwanese blockchain expert Hsiao-Wei Wang and Tomasz Stańczak will serve as co-executive directors.

If IRIS reaches 100 million USD, the estimated return is over 500 times.

According to reports, the IRIS Token is initiated by the Virgen points system of Virtuals, and the subscription process can refer to previous reports. The Token will be launched on the Ethereum mainnet, with 50% of the Tokens allocated to the Ethereum community, and no team token allocation. Pre-sale participants will also subscribe to $IRIS at an estimated valuation of about $200,000, which would yield a 500-fold return if the market capitalization of $IRIS reaches $100 million.

( Breakdown of the Virtuals points system: retail-friendly, encourages long-term holding, lowers issuance valuation to create upward space )

According to @ethermage’s post, the Virtuals team is trying to support AI agents on Ethereum L1. He stated that it is still EVM, but the community and capital styles of Layer 1 and Layer 2 are completely different.

This article reveals that Ethereum has teamed up with Virtuals! They launched the AI smart contract audit agency IRIS on Ethereum, with returns exceeding 500 times? It first appeared on on-chain news ABMedia.