Theoriq - AI Agent Cooperation? What You Need to Know
Agent Staking, Proof of Contribution & Collaboration, & More
Elections are right around the corner, ideally wrapping up sometime tomorrow. We’ve recently discussed prediction markets and futarchy, concepts both related to voting and governance, in-depth. There isn’t much left to discuss in regards to elections, and reaching a final decision is all that’s needed now. Markets will have months to digest the potential plans of whichever candidate wins, and price in any implications. So, it’s best to keep an eye on the innovation and strides being made in crypto as opposed to unpredictable election outcomes. Namely, crypto AI, as this is the sector that is booming right now…
In crypto, AI reigns supreme as the dominant category in terms of mindshare, and it isn’t close. We’re also seeing more attention flow toward protocols building more at the intersection of AI and crypto, as opposed to AI memecoins seeing the greatest share of eyeballs. Last week we covered AI agent experiments including ai16z, and Virtuals. We’ll keep this theme going today, and discuss Theoriq, an AI agent platform with a focus on decentralized AI. By now, the restraints of the popular AI models are well known, and decentralized AI solutions and experiments have caught the attention of some of the most prominent figures in the Web2 AI space.
Stay informed, stay alert ⬇
Background on Theoriq
Theoriq, originally developed in 2022, is a platform designed to democratize the evolution of AI agents. The team realized the important role that AI agents might play in digital economies and in the world at large early on. Now, this is just starting to play out in crypto, making projects like Theoriq potentially more attractive and more likely to receive some attention downstream of other AI agents.
Theoriq was built with the goal of ensuring that the rise of AI agents maximizes user control, rather than seeing primary ownership giving power to a handful of well-capitalized big tech companies. Specifically, Theoriq is building a modular and composable base layer for AI agents, designed to integrate with onchain elements from day one.
The main service that Theoriq looks to provide is a marketplace for AI agents and resources, also including a sort of forum enabling autonomous AI agents to interact with each other and form their own collectives, which can potentially increase their capabilities and productivity when performing certain tasks as a unit. This is called the Infinity Hub. Basically, specialized agents can lend their concentrated talents to each other in order to contribute toward larger goals. This is sort of like how specialized economies can trade with one another in a globalized setting - in theory, this allows them to focus on what they do best, and create a more efficient economy in the process.
Theoriq has developed a rewards system that incentivizes users to create agents - this consists of two key terms: Proof of Contribution (agents are rewarded for the ‘useful’ work they do) and Proof of Collaboration (agents are rewarded for cooperating with other agents on tasks).
These agents can access data, compute, and digital as well as physical assets potentially. They are capable of making and receiving payments onchain. The team is even planning on launching a no-code development tool this month, where users can build their own specialized agent without technical knowledge. There are a myriad of possibilities when it comes to what these agents might be capable of. The newest version of Claude released the other week, allows the model to use your computer, a significant step up in performance and capability. The power of these AI models is constantly improving, and the possibilities for AI agents grow along with it.
In the Theoriq litepaper, the team goes in-depth and even gets a little philosophical when discussing the role of AI agents. The AI agent space and any key innovations within it are significant in and of themselves. When it comes to how this relates to crypto, Theoriq employs the use of a native token, using crypto as an incentive mechanism. Protocols like Bittensor, which uses the native $TAO token to align incentives, have set a precedent for this sort of AI-crypto integration.
Beyond this, the platform itself is also fully permissionless, adding to the crypto ethos. The Infinity Hub’s suite of APIs, SDKs, and smart contracts can be accessed by anyone and used to develop agents that can be made available for anyone to use. There are processes that could be erected for governance to potentially ban malicious agents that have been created on the Theoriq platform. On this note, there is also a sort of ranking system, where AI agents can earn a reputation, and have their merits judged by users over time.
Users can also stake to agents, basically funding them with the goal of receiving a return. In this sense, users are incentivized to weed out the riff-raff find the best-performing agents, and bet on these. Staking also plays a role in the evaluation of AI agents, with stakers able to provide feedback that can contribute to their finetuning and continuous development.
The Theoriq platform in its entirety can be quite complex and deserves a deeper report beyond the bounds of this newsletter. Its implications are potentially wide, and there are a lot of moving parts. The team has given some specific crypto-native ideas that Theoriq agents could be used for. As seen with Virtuals protocol and Luna, and many examples in Web2, sometimes a UGC platform needs to be the first one to show people what is possible before seeing substantial traction.
To date, Theoriq has raised over $10M across two separate rounds of funding from Hack VC, Foresight Ventures, HTX Ventures, and more. Most recently, Theoriq has launched their incentivized testnet. It is expected that the mainnet will go live sometime in Q4, as originally planned, or early next year.
Overall, the AI subsector within crypto is one that can bring new offerings to the table, even beyond Web2 counterparts. While a lot of crypto protocols have tunnel vision and aren’t very applicable outside of a blockchain context, protocols like Bittensor and others have caught the attention of Chamath Palihapitiya, Marc Andreessen, and other Silicon Valley investors. This puts protocols like Theoriq in an interesting position its impact could potentially be more pronounced and more prone to outside attention, while built on a crypto stack.
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