Decoding Scrypted: With $1.5M in Funding from a16z, Will the Old AI Meme AVB Find New Opportunities?
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Decoding Scrypted: With $1.5M in Funding from a16z, Will the Old AI Meme AVB Find New Opportunities?
The raised funds will be dedicated to building the Inori network launched by the team.
Navigating Web3 tides with focused insightsWritten by: TechFlow
After the AI Agent trend swept into the Base ecosystem, projects on Solana in the same space are now going through a downturn:
Pump.fun's trading activity has declined, most AI memes have seen their valuations drop, and the market is waiting for the next breakthrough. As more and more AI Agents are launched rapidly, capital attention is gradually being diluted.
Following this mid-cycle pause, there’s also been a shift in how these memes are perceived and used — purely speculative AI memes no longer seem as attractive. Projects backed by real technology and resources are showing greater resilience, managing to avoid heavy losses even during market declines.
Therefore, identifying relatively low-to-mid cap projects with potential and external support could be a promising strategy.
Today (December 4), AVB (Autonomous Virtual Beings), an early AI meme on Solana, announced that its underlying company Scrypted has raised $1.5 million in funding led by PTC Ventures and a16z crypto CSX (the crypto startup accelerator).
The funds will be dedicated to building Inori Network, a decentralized infrastructure project focused on AI development.
From playing VC coins, to playing memes, to now playing memes backed by actual AI technology — in an increasingly competitive market, we’re witnessing a new playbook emerge: Memes act as front-end mascots that rally community consensus, while the back-end showcases actual builds, aiming to gain credibility and broader support.
The overall game might feel familiar, but data doesn’t lie — the market is clearly responding positively:
The associated token $AVB surged 30% in the past 24 hours, and its overall market cap has remained stable or slightly increased, currently sitting around $43M.
If you're not yet familiar with AVB or the moves made by its parent company, here’s a summary of the recent fundraising and technical developments to help you quickly understand the relationship between AVB, Scrypted, and Inori Network.
Scrypted & Inori: From Game Development to Autonomous AI Agents
While AVB is fundamentally a meme coin, it's linked to a company — Scrypted — that actually runs legitimate AI operations.
Founded in 2022, Scrypted initially started as a tech company specializing in game development. The founding team hails from top-tier studios like EA and Square Enix, bringing deep expertise in game design and system architecture.
You might wonder: how did a gaming company get into AI? Interestingly, games have long served as excellent testbeds for AI training — take Stanford University’s “Stanford Town,” where AI agents interact autonomously, or various research teams using Minecraft to evaluate AI agent behaviors.
While working on game projects such as *EVE Online: Frontier*, *Downstream*, and *Chibi Clash Kingdoms*, the Scrypted team encountered a core challenge in traditional game development: making in-game AI characters behave more intelligently and naturally.
To solve this, they developed the ArtemisML tech stack, which has since evolved into an open-source toolkit. It’s now planning integration with mainstream agent frameworks, significantly accelerating the development and management of AI-powered gaming experiences.
This system not only solved issues in game AI but also unexpectedly revealed potential across broader AI applications:
AI agent development faces challenges similar to early game development — how can AI make autonomous decisions in complex environments? How do we ensure the trustworthiness of those decisions? And how can we efficiently manage computing resources for large-scale AI agents?
These questions ultimately gave birth to the Inori Network.
Inori (derived from the Japanese word for "pray") aims to build a decentralized infrastructure enabling autonomous operation of AI agents. This may sound abstract, so consider this simpler analogy:
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Traditional AI services are like robots bound by chains — dependent on centralized platforms for resource allocation
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On the Inori Network, AI agents become independent "digital lives" capable of autonomously managing their own compute, storage, and even engaging in economic activities
To realize this vision, Inori introduces two key technical innovations:
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Byzantine Risk Tolerance (BRT) Consensus Mechanism
Traditional blockchain consensus solves the question of "who gets to record the transaction." BRT addresses a different problem: "how do we verify AI decisions?" Through cryptographic proofs and game-theoretic designs, BRT ensures that AI behavior on the network stems genuinely from algorithmic decision-making, not human manipulation.
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Commit-Reveal Pairwise Comparisons (CRPC) Protocol
A specially designed decision-verification protocol, CRPC breaks down complex AI decisions into simple binary comparisons using a "pairwise comparison" approach. With a "commit-reveal" mechanism, it ensures fairness and transparency in validation while drastically reducing computational costs.
In plain terms, this means creating an environment where AI agents can make autonomous decisions, ensuring those decisions are truly self-determined and verifiable.
Think of it as building a blockchain network specifically for AI agents — where agents generate transactions (decisions), and the blockchain records and verifies them.
Wait, What Does This Have to Do With $AVB?
You might be asking: This Inori Network sounds impressive, but what does it have to do with AVB, a meme coin?
Let’s clarify the connection:
AVB (short for Autonomous Virtual Beings) is indeed a meme coin at its core. However, it has now been officially adopted by Scrypted. Saying "adopted" might not be entirely accurate — because neither Scrypted nor its founder Tim holds any AVB tokens.
"Why not hold any?"
This question has come up frequently in the community. Tim gave a humorous yet telling response on X recently: when he took over the community, he committed upfront not to personally hold any tokens, to eliminate any suspicion of manipulation. While this decision was often criticized as lacking "skin in the game," it turned out to be one of the smartest moves — having no personal financial stake allowed the team to focus purely on building rather than constantly trying to pump the token.
So what can $AVB actually do?
Right now, it functions mainly as an "emotional tracker" — a community-driven meme reflecting collective confidence in the project. But as the Inori Network rolls out, AVB’s utility will gradually expand:
In the short term, it will integrate with various AI agents. For example, an autonomous trading wallet (@chad_onchain) currently in development, along with several trading games, will prioritize AVB support.
More importantly, once the Inori Network launches, AVB holders may receive exclusive benefits. These could include discounts when using Inori services, and if regulations permit, potential airdrops of the future Inori Network token (as hinted by Tim; exact percentages aren't finalized, but rumors suggest around 10%).
At first glance, AVB’s use cases don’t differ much from other ecosystem tokens. But several aspects stand out:
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Scrypted is a mature team backed by venture capital investment
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The team chose not to hold any tokens, instead managing future allocations via foundations and trusts
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No private sale or presale — AVB is essentially a fully community-owned CTO (community takeover) token
These factors may explain why AVB has remained stable while most other AI memes on Solana are declining.
Of course, investing always carries risks. But at least for now, AVB appears to be evolving from a pure meme into a "substance-backed community token."
Web4: The Next Narrative for AI Memes?
If you’re looking for what sets this cycle apart narratively, there’s a concept gaining traction on crypto Twitter — one that sounds familiar yet fresh: Web4 (Read-Write-Own-Act).
Technologically, the evolution from Web1 to Web3 reflects progressive shifts in digital interaction: Read-only → Read-Write → Read-Write-Own.
Web4 introduces the "Act" paradigm — for the first time incorporating autonomous action into the framework, closely aligning with the current trajectory of AI Agents and sharpening the direction toward true intelligence.
Notably, markets are already reacting to this narrative. Multiple projects focusing on AI agents have recently gained significant attention, with their token valuations rising accordingly. This trend reflects growing market expectations around the convergence of AI and blockchain technologies.
As more projects begin positioning themselves in this space, we may be witnessing the emergence of a new crypto narrative driven by AI agents.
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