IRIS suddenly exploded, the new darling on the Virtual platform?

In the past two days, a new project has suddenly stolen the luster of almost all the projects that will be launched in the near future on the Virtual launch platform.

It's IRIS.

IRIS is an AI agent focused on smart contract security.

The background of this project is very strong. On the technical side, it is supported by Nethermind, the core team of the Ethereum ecosystem; In terms of specific operations and strategies, the Virtual team is responsible. Therefore, it can be regarded as a project jointly built by the Ethereum ecosystem team and the Virtual team.

In addition to its unique background, the launch of the object is also different from previous AI Agents. This project is the first project in the Virtual ecosystem to be launched on the Ethereum mainnet, so participants will have to go to the mainnet instead of Base to claim their tokens in the future.

In terms of token distribution, the operation of this project is also different from the past, basically treating this project as a public welfare project. 37.5% of the token is used for fundraising, 12.5% for liquidity, and the remaining 50% is allocated to the community. The team did not set aside any share for itself.

In terms of the launch arrangement of the project, the project party has also carried out a special design, and as soon as the project news is made public, it was announced that it will be launched this evening (Beijing time). Such a quick go-live arrangement is meant not to give participants extra time to grab points, so that all participants can compete fairly on the same starting line?

At the same time as the announcement of the IRIS project, the promotional video of the project was also released, which was forwarded by Ethereum officials and the Virtual project team.

The news quickly went viral on Twitter, and even some Twitter big-accounts who didn't pay attention to this track in the past (such as only focusing on NFTs) began to pay attention to the project. In the Virtual ecosystem, there are many accounts that say they want to participate in this project with all the points in Stud's hands. This overshadows other projects in the ecosystem that had previously received the attention of many participants.

Almost everyone's focus is on IRIS.

This shows the popularity of this project.

One of the most eye-catching aspects of this project is that its technical support is the core team of the Ethereum ecosystem.

In fact, members of the Ethereum core team have been involved in other projects in the past. For example, there are the Layer 2 extensions Scroll and MegaETH that we have known of recently. Although these projects are still advancing, they are not as popular as they imagined for various reasons.

Judging from the experience of these projects in the past, the core members of the Ethereum ecosystem are mainly concerned about the technology of the project, such as Scroll and MegaETH. But the successful technology of a project is only one of the factors, not necessarily the determining factor.

Therefore, as far as IRIS is concerned, although the technology is excellent, whether it can succeed in the future depends more on whether the Virtual team in charge of strategy and operations can run it well.

The most noteworthy thing about this project is, in my opinion, the ecological and directional significance. Because it is the first AI Agent officially announced on the Ethereum mainnet, it is more like Ethereum's announcement of the AI + Crypto track.

Through this announcement, on the one hand, Ethereum hopes to attract more AI developers to enter the Ethereum (mainnet and various layer 2 extensions) ecosystem in the future to give full play to their talents; On the other hand, it also affirms the current position of the Virtual platform in the AI + Crypto track.

Back to the project, there is no doubt that this project will be over-raised, and the suspense is just how much it will be over-raised.

For such a project, even if the average retail investor is stud, I estimate that the share that can be obtained in the end is extremely limited. Because the share is small, it may not be able to make much money from it, so it is good to participate in the fun, and it is not recommended to rush with too strong gambling nature.

I'm more curious, how will the IRIS team allocate the remaining 50% to the community?

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