AI agents are emerging in the Web3 field, and Spectral is dedicated to unleashing the potential of on-chain intelligence.

AIAgent is rapidly evolving from a simple robot into an autonomous system capable of managing complex tasks. Major tech companies are driving this cutting-edge technology through ambitious projects. The public support from industry pioneers for these innovations has sparked widespread interest, reflected in the sharp increase in search volume.

Centralized AI often limits scalability and ethical transparency. However, blockchain is changing this situation by enabling decentralized AI agents to operate autonomously on-chain, bringing verifiable results, potentially better security, and efficiency. This evolution allows AI agents to transact, store value, and accomplish tasks in ways that traditional systems cannot match.

AI agents are reshaping the cryptocurrency landscape across multiple domains, directly integrating automation and intelligence into user interactions:

• The smart wallet provides automated trading management, trading, and on-chain insights.
• The gaming platform allows AI characters to have wallets and interact in a dynamic economy.
• The proxy toolkit enhances the autonomy of the proxy.
• Automated DeFi trading optimizes trade execution and market monitoring
• Agents in specific industries have facilitated the development of AI models tailored for professional fields.
• NPCs in social applications demonstrate unique interactive capabilities.

As the AI agent market is expected to reach $47.1 billion by 2030, with a compound annual growth rate of 45.1%, these developments signify that AI agents are crucial in Web3, enhancing user experience and platform autonomy.

Spectral is leveraging blockchain and AI to enhance decentralized governance, data privacy, and on-chain transactions. By focusing on autonomous trading strategies, Spectral emphasizes the future potential of AI agents in the digital economy.

Project Background

Spectral launched its machine intelligence network in 2023, debuting Web3 credit scoring as its first application. This project enables model developers to leverage on-chain data to improve credit assessments, establishing the foundation for an "inference economy," a market for decentralized, verifiable machine learning inferences on the blockchain.

Out of a strong commitment to privacy, Spectral initially focused on integrating zero-knowledge machine learning ( zkML ) to protect intellectual property while ensuring data security during the training, evaluation, and use of ML models. However, recent updates to the white paper indicate a shift towards a decentralized agent framework with real-time model output consumption, placing less emphasis on the role of zkML in IP protection.

Currently, Spectral continues to advance its InferChain network, aiming to achieve decentralized, trustless AI interactions in Web3. Through on-chain agent economy, InferChain provides users with Agents to execute strategies and manage complex tasks, designed to make crypto trading more accessible and automated.

Agreement

Spectral Syntax is a platform designed to address the limitations of centralized AI models, allowing users to create blockchain-based AI agents using large language models optimized for Solidity code (LLMs). Through a conversational interface, users can build and explore custom on-chain agents capable of autonomously deploying for tasks such as trading, transaction processing, and smart contract interactions with minimal supervision.

This decentralized agent economy acts as an open market where agents can be created and monetized based on their needs and performance, similar to an application ecosystem. In this market, agents interact, learn, and develop a "collective intelligence" that continuously improves through their interactions and the evolving market dynamics.

Spectral Syntax simplifies the process of creating agents by providing an assistant tool that translates natural language instructions into executable code, enabling even non-programmers to participate. This user-friendly design encourages broader involvement in building and monetizing on-chain agents, promoting their utility and adoption in Web3.

Spectral's future roadmap includes empowering users to create and monetize custom agents on its Syntax network, supporting Web3 tasks with enhanced plugins and B2B functionality. InferChain, slated for launch by the end of 2024, aims to fully decentralize the creation, ownership, and operation of agents, supporting a trustless framework. This will lower entry barriers, encourage decentralized ownership, and drive a robust on-chain agent economy through the staking and governance of SPEC tokens.

Their ultimate goal is to realize the inference economy by significantly improving the speed, cost, and accessibility of on-chain inference. Spectral plans to launch the InferChain testnet in 2024, followed by the mainnet in early 2025.

Team, Partners, and Fundraising

The co-founders of Spectral are Sishir Varghese and Srikar Varadaraj. Srikar holds a Ph.D. in Computer Science from New York University and a Master's degree in Machine Learning from Columbia University, specializing in AI infrastructure, cryptography, and decentralized identity systems. Sishir has a background in architecture and blockchain strategy, having collaborated with multiple projects, and is also a graduate of Columbia University.

fundraising in 2022

Spectral raised $23 million in a funding round led by certain investment institutions in 2022, bringing its total funding to $30 million. Other well-known investors also supported Spectral in advancing its mission of Web3 credit scoring.

Key Partnership

• TestMachine(2024: Integration with Spectral's SYNTAX infrastructure enhances on-chain security and fosters a more secure development environment.
• Hugging Face)2024: Spectral has joined the expert support program to promote open-source AI and on-chain agency economy, focusing on training datasets, model fine-tuning, and advanced inference.
• Nexandria(2024 May ): This collaboration supports Spectral's on-chain Explorer, providing fast and reliable cross-chain data insights, enhancing its blockchain data exploration capabilities.
• Turnkey(2024: Turnkey's secure and scalable wallet infrastructure allows Spectral's agents to autonomously manage digital assets, enhancing security within the ecosystem.

) Spectral's fundraising

• The IEO on a certain trading platform took place from May 4 to 6, 2024, raising $70,000 at a price of $2.30 per token, with an investment return of 4.66 times and a historical maximum return of 6.81 times.
• 2022 Funding Round: On August 24, 2022, Spectral raised $23 million in a funding round led by certain investment institutions, with several well-known investors also supporting Spectral's mission.
• 2021 Financing Round: In November 2021, Spectral secured $6.75 million in funding led by a certain investment institution, with participation from several other investors.

Token Economics

Token Economic Overview

$SPEC token is the core of Spectral's decentralized agent ecosystem, operating on the Syntax network, supporting governance, incentivizing participation, and enabling value exchange. As an ERC-20 token, holders can vote on key proposals, promoting a transparent and community-led governance process.

Market data as of October 30, 2024:

• Market Cap: $126.57 million ( Rank: 335 )
• Fully Diluted Valuation ### FDV (: $1.05 Billion ) Rank 116 (
• Circulating Supply: 12.05 million SPEC) accounts for 12.05% of the total supply(
• Total Supply/Max Supply: 100 million SPEC
• 24-hour trading volume: 9.26 million USD

![Interpretation of Spectral ($SPEC): Unlocking the potential of on-chain AI Agent])https://img-cdn.gateio.im/webp-social/moments-b533f1cbe3d35b8b5d9120d61ef4bd29.webp(

) Incentives and Staking Rewards

The Syntax network uses a dual incentive system. Users pay transaction and usage fees to interact with the agents, while creators receive a portion of these fees based on the performance of the agents. Staking $SPEC provides additional benefits:

• Users: Obtain fee discounts, improving cost-effectiveness.
• Creator: Earn a higher percentage of returns in transactions, incentivizing continuous improvement.

( Governance and Future Growth

Spectral's governance model allows $SPEC holders to influence platform upgrades, strategic partnerships, and fee adjustments, driving sustainable growth and aligning with community priorities. This tokenomics structure is designed to establish a continuously evolving ecosystem where participants can benefit from the platform's success.

) Allocation Plan/Unlock

• Major unlocking event: On May 6, 2025, 6% of the total supply of 6 million tokens ### will be unlocked, of which 3.8 million will be for investors and 2.2 million for team members, significantly increasing the circulating supply.
• Monthly Unlock: From June 2025 to mid-2026, 2.56% of the total supply of 2.56 million tokens ### will be unlocked each month, with 1.9 million for investors and 660,000 for team members, gradually increasing liquidity.
• Extended team unlock: Starting from April 2027, 660,000 tokens will be unlocked for team members each month until November 2027.

![Interpreting Spectral ($SPEC): Unlocking the Potential of on-chain AI Agents]###https://img-cdn.gateio.im/webp-social/moments-9b6f2d9b79945eef394336c265dc6f30.webp(

Competitors

The decentralized AI agency field is growing, with multiple projects leading the way in on-chain automation and intelligence. Each project has its unique focus, with Spectral emphasizing accessible DeFi agency, while other projects encourage collaborative AI, offer modular Web3 functionalities, or create tokenized agencies for entertainment.

) Summary

• Application Scope: Spectral and other projects are suitable for DeFi and Web3 operations; some focus on collaborative AI, while others concentrate on entertainment and social interaction.
• User Accessibility: Spectral and certain projects prioritize a user-friendly experience for non-developers, focusing respectively on DeFi, on-chain automation, and social applications.
• Flexibility and Composability: Some projects offer a modular framework suitable for developers in need of adaptable, cross-functional agents.
• Collective Intelligence: Certain projects' peer-driven AI networks are designed specifically for collaborative and research-oriented AI, enhancing machine learning through real-time knowledge sharing.

Each project advances decentralized AI in its unique way, from Spectral's accessible agents to the modular design, collective intelligence, and user-driven assets of other projects.

Positive Fundamental Factors

• The AI agent market is expected to reach $47.1 billion by 2030, with a strong annual growth rate. Spectral aims to capitalize on this potential by combining blockchain and decentralized AI to meet the demand for secure and autonomous on-chain agents.
• Spectral's AI trading agents are expected to transform trading through 24/7 operation, data-driven decision making, and autonomous adaptation. In the Web3 space, they can maintain market activity, enhance liquidity, analyze trends, and predict market movements faster than human traders and traditional bots. Customizable for different strategies, from portfolio rebalancing to high-frequency trading, these agents can also enable trustless interactions on smart contracts, providing a significant advantage to traders and institutions.
• Spectral's InferChain network enables secure autonomous AI interactions, potentially facilitating the adoption of cryptocurrency and DeFi. Through the Syntax platform, users can easily create and monetize AI agents, expanding AI development to more users and driving the growth of Web3.
• Due to in mid-2025