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Virtuals launched the smart contract audit agency "IRIS", with 50% of the total tokens allocated to the Ethereum community.
Virtuals announces the launch of IRIS, an automated smart contract audit agent developed in collaboration with Nethermind, marking a significant advancement in the Ethereum ecosystem by integrating AI for community-serving purposes on the Ethereum mainnet.
The launch of IRIS stands out with its economic model, in which 50% of the $IRIS tokens are allocated directly to the Ethereum community without any retention from the development team, demonstrating a completely public benefit approach and reinforcing the principles of decentralization.
The structure of the project involves committing points on the Base chain while the token issuance event takes place on the Ethereum mainnet, emphasizing the use of multi-chain EVM-compatible strategies to optimize functionality and accessibility within the broader Ethereum ecosystem.