autorenew
Virtuals Protocol Co-Founder Reveals How They Survived a 99% Token Crash and Kept Building

Virtuals Protocol Co-Founder Reveals How They Survived a 99% Token Crash and Kept Building

In the fast-paced world of crypto, where fortunes can flip overnight, resilience is key. That's exactly what EverythingEmpty, co-founder of Virtuals Protocol, highlighted in a recent clip from CounterParty TV. Hosted by the ever-engaging @NotThreadGuy, this snippet captures the essence of sticking it out through the toughest market slumps.

The clip, shared on X (formerly Twitter), shows EverythingEmpty casually explaining how his team handled a jaw-dropping 99% drawdown in their token's value. "We launched in 2021 at 600 mil and had 99% drawdown to 6 million FDV," he says, referring to Fully Diluted Valuation – that's the total market value of a token if all possible coins were in circulation. But instead of packing up, they "kept building."

For those new to the scene, Virtuals Protocol isn't your average meme token; it's a decentralized platform where AI agents can create products, form capital, and trade autonomously on the blockchain. Think of it as a society of smart bots hustling in the crypto economy. Launched amid the 2021 bull run, it faced the brutal bear market that followed, yet the team stayed committed.

EverythingEmpty's mindset is refreshingly straightforward: "As a team, we are pretty comfortable with volatility... As long as we have enough money to put food on the table and show up in the office and keep building, I think that's fine." He even notes they have more resources now than before, emphasizing that true builders focus on progress over price swings.

This story resonates deeply in the meme token community, where hype can skyrocket values one day and crash them the next. Meme tokens, often driven by viral trends and community vibes rather than traditional fundamentals, are notorious for wild volatility. Virtuals Protocol blends AI innovation with crypto's memetic energy, making it a prime example of how projects can evolve beyond the initial buzz.

The interview clip has sparked reactions across X, with users praising the team's grit. One commenter called it "inspirational," while another urged newcomers to research Virtuals Protocol. It's a reminder that in blockchain, especially for meme-inspired projects, long-term vision trumps short-term dips.

If you're diving into meme tokens or AI-driven crypto, stories like this show the importance of endurance. Check out the original clip on X for the full vibe, and explore Virtuals Protocol's official site to see what they're building next. In a space full of rug pulls and quick flips, teams that weather the storm are the ones worth watching.

You might be interested