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Virtual Protocol(VIRTUAL) Phase 1 Launch
Virtual ProtocolPhase 1 of The Simulation on Base begins on the 17th of July.
The Virtual Protocol encompasses both tangible and intangible assets that are crucial to its functionality and value proposition:
- Intangible Assets - On-Chain and Off-Chain Components: Beyond its tangible assets, the Virtual Protocol holds a combination of on-chain and off-chain components. These components collectively establish a mechanism for the coordination, security, and management of contributions.
- Revenue in Fungible Tokens in Protocol Treasury: Additionally, the protocol maintains its revenue streams and resources in the form of fungible tokens, managed within the protocol treasury.
- Validated Contributions as NFTs in ICV: The protocol possesses all validated contributions, represented in the form of Non-Fungible Tokens (NFTs), securely stored within the Immutable Contribution Vault (ICV). This collection of contribution NFTs is a testament to the collaborative efforts and intellectual contributions within the ecosystem.
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