What is 717ai by Virtuals (WIRE)?

TLDR 717ai by Virtuals ($WIRE) is an AI-powered settlement network designed to streamline institutional crypto transactions, focusing on OTC (over-the-counter) trades and stablecoin conversions.

1. Settlement Infrastructure – Acts as an AI agent for executing large-scale crypto transactions, reducing delays and costs in OTC markets.
2. Token Utility – $WIRE grants access to institutional-grade market data and funds buybacks via transaction fees, with tokens burned to increase scarcity.
3. Banking Bridge – Aims to improve connectivity between traditional banking systems and blockchain settlements, targeting institutions facing debanking challenges.

Deep Dive

1. Core Functionality

717ai automates institutional crypto settlements, using AI to optimize pricing and execution for OTC trades—large, private transactions common among whales and funds. By aggregating stablecoin conversions (e.g., USDT to USDC) and reducing settlement times from hours to minutes, it addresses liquidity fragmentation in decentralized markets.

2. Tokenomics Model

The $WIRE token’s value ties directly to platform usage:
- A portion of settlement fees funds buybacks and burns, with 32,833 $WIRE burned in one August 2025 transaction.
- Token holders access the 717ai Terminal, offering real-time market insights typically reserved for institutional clients.

3. Strategic Positioning

The project targets institutions like @worldlibertyfi, which face hurdles in traditional banking partnerships. By focusing on compliant fiat-to-crypto gateways and offshore settlement corridors, 717ai positions itself as middleware for entities seeking blockchain efficiency without sacrificing regulatory alignment.

Conclusion

717ai by Virtuals is fundamentally an institutional settlement layer combining AI execution with tokenized incentives, aiming to bridge crypto’s efficiency with traditional finance’s scale. As adoption grows, will its burn-driven tokenomics sustainably balance supply with institutional demand for settlement services?