Inside IMD, Ethereum's New AI Swarm Experiment
A new kind of AI workforce is ascending in the Ethereum ecosystem, replete with experimental tokenomics. Here's why it matters, and how you might consider the trade.
There's a rising AI project in the Ethereum ecosystem that has the early makings of a cult following. It's IMD, for identity.md, and its goal is to actualize a community-owned company run entirely by AI agents.
Today, this mission is coming together across numerous pillars, including 2,000 NFTs that function not as PFPs but as work permits, a swarm of AI agents that holders run on their own machines, a Uniswap V4 hook that burns $IMD on sells, and a launchpad where new coins are priced in $IMD.
And things are moving fast. The agent network opened to NFT holders on September 20th with only a couple dozen agents online out of the gate. Five days later, it's at +370, and $IMD is up +200% over the past week.
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William M. Peaster
William M. Peaster, Senior Writer, has been with Bankless since January 2021. Immersed in Ethereum since 2017, he covers the onchain frontier with a particular interest in art, games, and other culture apps. He has a background in creative writing and writes fiction in his free time.
