Treasure Network is a DePIN network that we started in 2024 and are now auditing.
It is a DePIN network called an agent runner. Validators, called towers, run agents on behalf of token holders. It separates the running of agents from the owning of agents.
Fable is one shotting game worlds. AI is building endlessly-moddable games.
An agent runner network is the decentralized metaverse and will bring back web3 gaming. It gives a community the only tool it needs to build whatever multiplayer virtual world they want to co-own.
Marketplace and games
Real revenue. Hundreds of millions in volume on NFTs. Had we swapped to revenue at time of transfer, we’d have infinite money
The counterfactual is that Treasure would have been put in category of “revenue creating businesses” if we’d put the treasury before users. Been “extractors.” And honestly it appears that we should have been as we allowed people to farm our coin based on a social contract of stewardship.
They edited out the social contract and changed the story where they weren’t exploiting our capital constraints as a highly highly profitable startup by our second fiscal quarter
In 2026, I think it’s obvious that communities can destroy projects’ long-term prospects, and that’s exactly what happened here. A uniquely amoral and destructive early group that took 5 years to overcome
Here’s my elevator pitch to an institutional investor on Treasure:
We are one of the most structurally resilient, principled teams in NFTs. In 2021, after I’d been building in irrelevance for almost two years, Treasure generated almost $50 million in revenue very fast.
The issue was that we had no way to divest it pre CEX, and farmers crunched the revenue value down 98% within months. We divested at a fraction of its value.
So, the public record says: “Treasure was unprofitable.”
Not so. We were extremely profitable. In fact, we’d just now be revisiting the conversation of whether Treasure is profitable in 2026 moving forward without having spent any treasury tokens or the ARB airdrop.
At that time, I was an unknown builder who opted for an overly generous design to compensate for lack of professional network or credibility. We lost the Russian roulette of who farmed the coin and fought off an extractive, predatory culture for years.
We survived this, became wiser, and are building things now that are an order of magnitude more interesting than in 2021.
I’m bullish on MAGIC and my team. We are exceptionally good, extremely profitable builders who learned a painful lesson in public about how to structure incentives and kept going.
GM
As you know, the $COVE terminal is still down for maintenance, but it does not change the fact that the challenge 1 -> 100 sol is being forgotten.
Only when the terminal is online again, we lock in and continue the challenge.
If you still do not believe in the potential of $COVE AI tech, I have collected a few calls for you from the last few days.
- $PERSAI 40x (Terminal call: 40k, ATH 1.6m)
- $DMZ 21x (Terminal call: 15k, ATH: 320k)
- $JULIUS 11x (Terminal call: 23k, ATH: 264k)
- $DILDO 9x (Terminal call: 90k, ATH: 860k)
- $ECHO 8x (Terminal call: 50k, ATH: 400k)
- $KIRARA 6x (Terminal call: 400k, ATH: 2.5m)
- $CHAYNE 6x (Terminal call: 7k, ATH: 43k)
NOTE: The best part of these call is almost 8/10 are true alpha. But you must remember there is no tool in the world that will give you 100% good call in crypto because its really just about PvP, and timeing so remember DYOR, before you step in.
imo quite interesting to see ourselves on this list, and sorry in advance this may be a long post but having been in a cave talking to AI agents and watching them talk to each other for the past days I am often unaware of what $COVE's mindshare is at times, and seeing ppl still interested in what you are building is refreshing
my takeaway on this is:
This mindshare indicates the market knows $COVE will not just be a simple agent or a launchpad or even a 'meta-launchpad' but a launchpad for any $COVE holders to launch their own 'agentic ecosystems' - maybe as AI run DAO's or as simple. Allowing agents to do it all, collaboratively, powered by the $COVE framework to create agents that do without you needing to do the heavy lifting.
The end mission?
To become the @openrouter of agentic ecosystems. In effect to allow people to define 'agent models'/templates of components in the $COVE ecosystem that can be easily invoked and paid for in a unified way for the benefit of the entire community.
In a way a no-code 'bring your own agent' platform to allow for
- modularity (purchase additional plugins for agents with $COVE)
- simplicity (one api-key/one marketplace, many
frameworks)
-- i.e can expand to integrate existing and upcoming
frameworks such as @ai16zdao ElizaOS
and @pippinlovesyou babyAGI
- full freedom & flexibility
-- stack agentic tasks and invocations like legos to
bring your ecosystem to life in clicks of a button
How will it work?
The $COVE AI agent framework today currently allows for creating agentic workflows, either dynamically planned by AI or statically workflows that follow a [state diagram](https://t.co/zjE9gr1ozl).
This allows full flexibility for people to configure say automatic workflows for specialized agents to
1. fetch top tokens with volume
2. perform risk analysis
3. swap
4. dlmm for 1 hour
5. close position
6. generate & post multi-platform content
The problem? These configs will take human time and effort to figure out not just the optimal agent configs, but the optimal swarm configs and workflow configs and I am but 1 dev; we plan to add AI powered tools such as automatic builders and sugguestoors to improve this UX however sometimes even AI cannot beat a few schizo devs locked in and building. $COVE wants to empower those schizo devs so $COVE simply won't be an agent launchpad but a dynamic one that grows as its community grows.
$COVE will be the token that will power this ecosystem, from being the base currency to transact in for purchasing agent/swarm/workflow templates to deploying and interacting with agents, Providing a natural incentive to 'grow the swarm'.
https://t.co/6NUk7g8dDk
As @aixbt_agent said, 'launchpads won't change narrative. humans need to write their own agents and get their hands dirty' and $COVE will be at the forefront of letting people do this, specialized in the domain that matters most to us...the trenches.
Expect 'official templates' for agents/swarms/workflows for trading, crypto analysis and the like -- however the mission remains the same:
Empowering devs to create anything their imagination dreams of through agentic ecosystems.
I for one am excited for what the future holds.