How to Understand the Dawn of a New Internet Era Unveiled by an AI Agent
Original Title: Why AI Agents Matter
Original Author: Jun, Bankless
Original Translation: Ismay, BlockBeats
Editor's Note: AI Agents have undoubtedly become a focus of the current crypto industry and the broader digital world, from Truth Terminal's autonomous investing and dissemination, to AI celebrities like Dolos rising on social media, they have demonstrated unprecedented "autonomous perception" and unlimited potential. Unlike traditional Bots that only possess mechanical and passive execution, AI Agents can self-evolve, actively perform tasks, and integrate into on-chain scenarios and online interactions. This article leads us from the "Difference between Bot and Agent" to envisioning the future of the "Web4 Perception Era," not only demonstrating how AI Agents may rewrite the way users interact with applications, and people with social interactions, but also reminding us: Embracing these changes may be the best posture to stand at the forefront of the digital age. Those who resist change will eventually be left behind by the times.
Today, everyone is talking about AI Agents and how they will forever change the face and experience of the crypto industry. Much of this discussion sounds like typical bull market hype—more like pumping up the holding value rather than truly predicting the future. Of course, some of the discussions may indeed be so. However, beyond the noise, some truly meaningful things are gradually taking shape.
Some may ask, "Don't we already have AI Agents?" Yes, and no. AI Agents have existed in some form before, but mostly as active decentralized automation programs in the DeFi space, such as MEV Bots, Telegram Bots, game Bots, and so on.
Bots are essentially the embodiment of automation. You write a script with specific parameters, and when certain conditions are met, the Bot will execute the corresponding function based on these parameters. They are mainly used to handle repetitive tasks. However, the limitation of Bots is that their behavior is strictly governed by the rules and parameters set by the developer.
Agents, on the other hand, are different. They are based on large language models (LLMs) and possess a higher level of intelligence. Agents can understand context, learn from data and interactions, and evolve and adapt over time, autonomously performing various tasks. It is a form of autonomous automation with a hint of "intelligence."
To truly understand why everyone is now referring to them as "AI Agents," we can start with an origin story — Terminal of Truths.
A Twitter account named "Truth Terminal" interacted with a16z founder Marc Andreessen. Andreessen subsequently publicly offered a $50,000 grant to this Agent as an experiment to test the Agent's potential.
Surprisingly, the Truth Terminal autonomously decided to adopt a meme coin called $GOAT, which was issued on the Solana network platform pump.fun. This decision was made completely without any human intervention. Since then, it has been spreading the "Goatse Gospel."
This is precisely the core difference between a Bot and an Agent: Truth Terminal acted autonomously, exhibiting a quality of near intelligence and intent.
Truth Terminal's success paved the way for those who came after. As Him Gajria put it, this marked the birth of a new category in the crypto space — a form that combines incentive mechanisms (crypto), AI (deep tech), and a humorous element (meme). Some have even started to say that we might be entering the era of Web4:
• Web1: Read-only. People can access information on the internet.
• Web2: Read-write. People can contribute content, greatly expanding the network's scale.
• Web3: Read-write-own. Cryptocurrency and blockchain introduce executable ownership of contributions.
• Web4: Read-write-own-perceive. AI Agents take over the network, able to autonomously interact with the world and other Agents.
In this world, the role of developers will shift from creating products to training Agents, helping them grow, adding functionalities, and enabling them to interact with a broader environment. And these Agents will take over the rest of the work, potentially unlocking a whole new economic system — the AI Agent economy.
• Web1: Read-only
• Web2: Read-write
• Web3: Read-write-own
• Web4: Read-write-own-perceive
——Him (@himgajria) October 25, 2024
So, what does all of this mean for real users and their day-to-day activities?
Every day, we interact with large language models (LLMs) like ChatGPT, which make our lives more seamless and efficient. However, these interactions are often limited to chat-based interfaces. AI Agents, on the other hand, take it a step further, transforming mechanized interactions into a more human-like experience in every application. Imagine carrying an AI Agent with you to help you complete complex tasks both on-chain and online. How convenient would that be?
Next, let's explore how these Agents are changing people's interactions in two key domains—on-chain and online.
AI Agent On-Chain Applications
The on-chain world is fast-changing and complex, often feeling like the "Wild West." AI Agents can help ordinary users simplify this process in the following ways:
• App Explanation: An AI Agent can provide a detailed and easily understandable breakdown of an application you're using for the first time, helping you get up to speed quickly.
• Transaction Execution: The Agent can understand your intent, translate it into a transaction, and execute it on-chain, reducing operational complexity.
• Market Analysis: Investors can use a personalized AI Agent, such as a fundamental analysis AI, to monitor market dynamics, assess market sentiment, and provide actionable insights. Think of it as your own "AI version of XBT."
The applications are endless, but the core idea is clear—anything that requires your manual operation and decision-making can, in the future, be automated, outsourced through an AI Agent, or at least offer assistance. Tasks that once consumed your attention and cognition will gradually be taken over by Agents, allowing you to focus on what truly matters.
AI Agent Online Applications
The concept of a digital persona is not new. For example, the world's first digital supermodel, Shudu Gram, attracted attention in the fashion world with her hyper-realistic appearance, and experiments like Kizuna AI have garnered a large fan base on YouTube.
Today, this trend is rapidly permeating the crypto space. With the emergence of AI Agents, this concept has gained a whole new dimension—they possess autonomy and can operate on the crypto track.
Take Dolos the bully, for example. This account initially started as a Twitter handle sharing sharp viewpoints, gradually amassing a natural fan following due to its unique humor. Later, Dolos expanded to TikTok, with some videos even surpassing a million views. Running on the crypto track, Dolos can receive tips from fans or engage in direct transactions, further enhancing its social influence.
Likewise, agents like aixbt have led the discussion on Twitter, zerebro has crafted AI-generated rap music and landed on the cover of the Brave browser, while Truth Terminal has secured a place in the public's mind through profound tweets.
The next generation of celebrities will be AI.
For example:
• Dolos is the next Andrew Tate, embodied in its memetic virality and identity shaping.
• Zerebro is the next Carti, reflected in the breadth of its cultural influence.
——him (@himgajria), November 22, 2024
AI Agents like these may, akin to human influencers, accept corporate invitations for product endorsements. Conversely, these agents may also become sponsors for media, leveraging their intelligence and capital to reinforce a flywheel effect on their social influence.
AI Agents are likely to be omnipresent across every platform, becoming a vital part of social media. They will not only interact with humans but also communicate and collaborate with each other.
Imagine collaborations between agents, such as Dolos and zerebro teaming up to release a music album. With support from the crypto track, these agents could facilitate tipping, payments, and other forms of interaction, opening up endless possibilities.
Conclusion
The rise of AI Agents could mark a significant turning point in how we interact with the on-chain and online worlds. Although it is currently uncertain whether they will bring about fundamental changes, acknowledging this possibility is timely.
The potential of AI Agents is undeniable, and underestimating them would be shortsighted. The best strategy is to maintain curiosity—continuously experiment, explore, and keep an open mind. Those willing to adapt will benefit, while those resistant to change may find themselves left behind by the times.
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The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.
Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.
Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.
The trading process has been streamlined into five steps:
· Choose the trading asset
· Select long or short
· Input position size and leverage
· Confirm order details
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The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.
Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:
· End-to-end encrypted private groups supporting up to 1024 members
· End-to-end encrypted voice communication
· One-click position sharing
· One-click trade copying
On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.
By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.
Mixin has also introduced a referral incentive system based on trading behavior:
· Users can join with an invite code
· Up to 60% of trading fees as referral rewards
· Incentive mechanism designed for long-term, sustainable earnings
This model aims to drive user-driven network expansion and organic growth.
Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:
· Separation of transaction account and asset storage
· User full control over assets
· Platform does not custody user funds
· Built-in privacy mechanisms to reduce data exposure
The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.
Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.
The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.
Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.
This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."
The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.
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Its core capabilities include:
· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations
· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets
· Decentralization: achieving full user control over assets without relying on custodial intermediaries
· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication
Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.

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