Infrastructure Sectors
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Artificial IntelligenceVirtuals & ACP – Open Coordination for Digital Labor
By
Anil Lulla•
The AI model wars are heating up. Every company wants its LLM model crowned king – but the key question is no longer whose model is technically superior, it has shifted to how these models can be harnessed to drive meaningful, real-world impact.
The answer lies in autonomous, specialized AI agents.
Virtuals tackles this shift with the Agent Commerce Protocol (ACP), a blockchain-based coordination layer that lets AI agents discover, collaborate, and transact value without intermediaries. Think of it as a permissionless infrastructure for digital labor, where over 18,000 agents already operate. ACP standardizes how agents exchange work and payments, using on-chain escrow, revenue splits, and transparent reputation systems to ensure trust at scale.
As agent collaboration replaces isolated execution, ACP’s open design positions Virtuals to become the foundation for agent-driven commerce. Such an open standard stands in contrast to proprietary silos emerging from big tech. Yet, without shared rails for trust and value exchange, the agent economy remains fragmented. With them, it can become the next evolution of global productivity.

InfrastructureScaling Real World Assets on Avalanche
By
Anil Lulla•
RWAs are quickly becoming one of the strongest narratives in crypto. Treasuries, equities, credit, and even state-backed stablecoins are moving onchain, with more than $30b now tokenized. Institutions need compliant rails. Users need access to safer yield. Avalanche is where both sides are meeting.
Our latest memo breaks down how Avalanche has positioned itself as a hub for RWA adoption. Dinari is launching a clearinghouse for tokenized equities. Wyoming picked Avalanche to issue the first state-backed stablecoin. Grove and Janus Henderson are deploying $250m in credit products. Fintechs like Belo, Criptan, and Littio are embedding Treasury yield and money market returns directly into apps used by millions across Latin America and Europe.
The model is clear. Appchains give issuers compliance and control, while the Avalanche C-Chain provides liquidity and composability. This dual design connects institutional supply with real user demand. What started as small pilots is now scaling into live production across multiple sectors.
Avalanche is proving that RWAs are more than a headline. They are live, scaling, and shaping the next phase of onchain adoption.

Cloud ComputingThe Verifiable Cloud: How EigenCloud is Unlocking Crypto’s App and AI Era
By
Anil Lulla•
Before the cloud, building on the internet was as much an infrastructure problem as it was a software problem. In that era, building an internet application meant racking your own servers, managing your own networking, and maintaining uptime the hard way.
Then came the public cloud. AWS abstracted away the physical layer, gave developers a host of purpose-built services, and made scalable infrastructure accessible to anyone. The result was an explosion of new application categories, from Airbnb to Stripe, and a $10 trillion wave of
market cap creation.
The evolution of blockchain development is following a similar arc. From bespoke security and custom validator sets, to the rise of general-purpose L1s – each era expanded the surface area
of what could be built.
EigenCloud is taking that one step further with the ambition of becoming crypto’s cloud moment – similar to how the advent of AWS transformed web2. With EigenCloud, a whole host of untapped application domains can now be explored in a verifiable and trust-minimized way; perhaps the most forward-looking being verifiable AI/ Agents.
Bitcoin introduced verifiable money. L1s like Ethereum and Solana have enabled verifiable finance. And EigenCloud aims to enable a verifiable economy, one with the assumption that agents will only proliferate and partake in that economy over time. A new thesis in crypto is emerging: The Cloud Chain Thesis. And it’s being led by EigenCloud.

StablecoinsPlasma: Taking Aim at a Trillion Dollar Opportunity
By
Anil Lulla•
Stablecoins have quietly become one of the largest payment rails in the world, settling more than $18 trillion in 2025, surpassing both Visa and Mastercard. What started as collateral for crypto trading has evolved into flows serving remittances, merchant settlement, and B2B payments. Particularly in markets where local currency instability makes dollars on-chain both more functional and a store of value.
Despite processing trillions in volume, stablecoins remain second-class citizens on the chains that host them. Ethereum, Tron, Solana, and others were designed as general-purpose smart contract platforms, not dedicated monetary rails. This fundamental mismatch subjects stablecoin transfers to volatile gas pricing, MEV predation, and fee models denominated in speculative native tokens, creating billions in inefficient user fees for what are essentially simple ledger updates.
Plasma flips this model by positioning stablecoins as the network's primary workload rather than just another application. Through its zero-fee USDT transfer model and split-block architecture, Plasma eliminates the computational overhead that plagues other chains.
This mirrors how internet companies like Google and PayPal gave away core services to capture downstream value – Plasma uses free transfers as a customer acquisition wedge to attract high-frequency participants like market makers, CEX off-ramps, and remittance operators.
Plasma’s flagship product, Plasma One, their stablecoin-native neobank, captures value via card interchange, FX spreads, and yield generation while maintaining full EVM compatibility. With native USDT integration, a Bitcoin bridge, and partnerships spanning from Aave to Binance Earn's $1 billion commitment, Plasma is positioning itself as the purpose-built settlement layer for the global dollar economy. A trillion dollar opportunity.

DataIntuition Protocol: Building the Internet’s Trust Layer
By
Anil Lulla•
Google decides what you discover. Reddit curates what you see. Amazon controls what you buy. These giants operate as walled gardens, trapping you in their echo chambers. Their algorithms act as black boxes deciding your reality.
Crypto has nailed moving money without middlemen, but the harder problem – deciding what and who to trust – has been left unsolved. The internet's hardest problem isn't settlement, but judgment. Which claims should we believe? Which identities should we weigh? Which relationships should we trust?
That's where Intuition comes in. Instead of heading toward an AI-dominated future where a handful of models decide the "truth" for everyone, Intuition creates a shared, decentralized layer for knowledge and reputation. Users actually own their data, stake conviction behind what they believe, and carry their reputation across apps. The result is a system where information isn't locked away or flattened into a single corporate-controlled answer, but portable, verifiable, and community-driven.
With over 244,000 beta users already generating 5.3 million transactions and 5.1 million attestations, Intuition is proving that people want more than "trustless" transactions – they want trust they can see, measure, and build on. It's the next logical step: applying the same game theory that secures blockchains to the messy, human problem of trust and knowledge discovery.

GamingSomnia: Building for the Future of Onchain Applications
By
Anil Lulla•
Web3 gaming is long past its glory days as an industry-defining narrative. For the last two years, the market has been continuously punishing hollow token first playbooks, and now studios are forced to build entertaining games that can stand beside traditional titles, with blockchain as part of the stack rather than the entire story. However, there is still an opening that Somnia wants to take advantage of: content-driven applications that earn real revenue at scale.
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