From "connected wallet" to "authorized smart agent": VLY leads the way of the integration of AI and cryptocurrency

Original text: Decrypt

In the rapidly developing field of digital finance, there has always been a fundamental limitation: despite its powerful analytical capabilities, artificial intelligence (AI) can only play an advisory role. AI can tell you what to buy, when to trade, or how to optimize your portfolio, but it can't perform these actions yourself. Today, Vly (https://vly.money) has changed this situation by launching "AI-powered social wallets". This breakthrough innovation transforms AI from a passive advisor to a proactive financial agent, marking an important milestone in the integration of artificial intelligence and digital assets.

Redefining the role of AI in finance

Imagine having a highly intelligent financial assistant that not only advises you, but also directly performs actions within the parameters you set. This was not possible in the cryptocurrency space before. No matter how good the AI’s recommendations are, every transaction requires human intervention to be completed. This bottleneck limits the potential of AI in digital finance, making interactions that should be smooth become cumbersome.

Vly’s innovation removes this barrier, allowing users to authorize AI agents to send tokens on their behalf. As its first product, Vly has launched an AI Agent (@vly_agent). Users only need to notify the AI ​​agent on the social platform 𝕏 (formerly Twitter) to directly perform payment or tipping operations. Through natural language responses, users can easily authorize AI agents to handle token transactions on their behalf. This feature creates a new model for collaboration between humans and AI in the financial field. This breakthrough is more than just operational automation, it represents a fundamental shift in the way we think about digital asset management and AI agents.

 Use Vly AI agent (@vly_agent) to reward on the 𝕏 platform

A paradigm shift in Web3 interaction

In the cryptocurrency world, the Connect Wallet button has long been used to interact with decentralized applications (DApps). Although industry veterans have become accustomed to it, this interaction method has become a major obstacle for ordinary people to use Web3 products. Users must connect their wallets to various websites, understand the interaction of smart contracts and the contents of various signatures and authorizations, and always worry about the security risks caused by malicious DApps.

The AI-driven social wallet launched by Vly revolutionizes this model. Instead of connecting their wallet to multiple websites and manually approving each transaction, users can now authorize an AI agent once within a secure wallet environment. Thereafter, the agent can automatically handle all subsequent interactions, greatly simplifying the user experience.

 Authorize the AI ​​agent to use the tokens in the wallet

This transition brings several key advantages:

-Self -custody : Users have full control over their funds in Vly, a self-custody wallet.

- Enhanced security : users no longer need to connect their wallet to unknown websites.

-Reduced complexity : No need to deal with complex smart contract interactions.

-Better risk management : AI agents can verify transactions before execution.

- Smooth experience : One-time authorization replaces multiple connection requests.

The barrier to entry for Web3 is therefore significantly lowered. Users no longer need to understand blockchain technology, smart contracts and wallet security, and can simply authorize AI agents to handle these complex transactions on their behalf - while maintaining full control of their assets.

The technical wizardry behind Vly

At the heart of this breakthrough lies a clever combination of existing technologies. The “approve” functionality of the ERC-20 token standard, originally designed for smart contract interactions, is now reimagined as a bridge between AI and human financial agents. Users can grant specific spending limits to AI agents, automating execution while maintaining control.

 Apply the token’s authorization functionality to AI agents

What makes Vly unique is its social account to wallet address resolution system. When the AI ​​agent needs to send tokens to a Twitter user, it does not need a complicated wallet address, just use the social account. Vly’s API automatically resolves it to the correct blockchain address, removing a key barrier in AI and human financial interactions.

This technical architecture ensures security while maintaining simplicity. Users can precisely set the limit on how much tokens the AI ​​agent can use, and can revoke permissions at any time. The system combines the programmability of blockchain technology with the accessibility of social media to create a user experience that is both powerful and intuitive.

why now

This innovation is the result of the fusion of three key technologies: blockchain’s programmable permissions, AI’s decision-making capabilities, and Vly’s social identity resolution. While other platforms have used these technologies separately, Vly is the first to combine them into a complete system that is both secure and easy to use.

The key lies in Vly’s unique ability to map social identities to blockchain addresses. This capability turns social accounts into universal payment addresses, enabling AI agents to interact with the entire social network ecosystem without users having to understand blockchain technology. This breakthrough in social identity parsing makes AI-powered social wallets not only possible, but suitable for everyday use.

chain reaction

The impact of this breakthrough extends far beyond a simple trade. For the creator economy, it implements an automated AI reward system that can instantly identify and reward quality content. In the gaming field, AI agents can manage the game economy and execute transactions in real time. For personal finance, it opens the door to truly intelligent portfolio management that responds instantly to market conditions without users needing to constantly connect their wallets to new platforms.

More importantly, it creates a new model of financial collaboration between humans and AI - DeFAI (decentralized intelligent finance). Users maintain full control with customizable spending limits and revocable permissions, while AI agents can execute optimal trading strategies without the need for constant human intervention. This balance of automation and control sets a new standard for how AI can be integrated into financial services.

Looking to the future

We are standing at the beginning of a new era of digital finance. Vly’s AI-driven social wallet represents the first step towards a future where AI agents serve as active participants in the digital economy, working alongside humans to optimize financial decisions and execute transactions.

Most importantly, Vly is committed to building a thriving ecosystem by opening its “Agent Payout” feature to all AI agents around the world. Any AI agent—whether focused on trading, content creation, gaming, or personal assistants—can integrate with Vly’s infrastructure to perform financial transactions through social identities. This open ecosystem approach means developers can create professional AI agents that leverage Vly technology, fostering innovation and expanding the possibilities for automated financial services.

In the process of creating an AI-driven social wallet, Vly not only built a new feature, but also opened a new paradigm in digital finance. By opening this technology to all AI agents around the world, Vly is building a diverse ecosystem that allows any AI agent to participate in financial transactions through social identity. The future of digital finance is one in which AI and humans collaborate seamlessly, social identities will become the bridge between traditional finance and digital finance, and the booming AI agent ecosystem will provide increasingly complex and personalized financial services. Vly's innovation not only changes our understanding of digital wallets, but also creates an open stage for the next generation of AI-driven financial services.

Twitter: https://x.com/vlyai

APP: https://vly.money

Telegram Bot: @vly_wallet_bot