Valory, co-creator and core contributor of Olas, attended this year’s Ethereum Community Conference (EthCC) in Brussels last week. During the week-long Brussels event, Valory held their signature “Agents Unleashed” session, where the software engineering AI agent, Genie, was revealed. Genie is an AI agent that literally generates new autonomous AI agents, aiming to revolutionize the experience of Builders and developers in the Olas ecosystem.
Since 2021, Valory has been a leader in combining AI and blockchain technology to develop open-source, user-owned autonomous agents. As a co-creator and key contributor to Olas, the platform designed for co-owning AI, Valory has facilitated the creation of numerous autonomous agents that have executed over 900,000 transactions to date.
Genie’s launch introduces an ‘agent-generating agent’ into the technological fray, which greatly streamlines the development process and expands the horizons of crypto capabilities and beyond. This new tool will be accessible through Valory’s Propel platform, known for its solutions in developing and deploying autonomous agents.
How Genie Works
Designed specifically for Builders in the Olas ecosystem, Genie leverages generative AI and blockchain technologies to convert natural language design specifications into fully functional autonomous AI agent code. This allows for immediate deployment on Olas and other platforms. Genie is capable of creating new operational autonomous agents ten times faster than human developers.
Core Elements
- Natural Prompt to Full-Agent Creation. Genie’s user-friendly interface allows developers to start by describing their desired agent in natural language. Genie then converts these descriptions into a technical blueprint called a Finite State Machine (FSM) specification, which defines the core structure of the autonomous agent. This blueprint is used to automatically generate the initial code framework for the new agent. Users can then review and fine-tune this foundation, streamlining the development process and ensuring the final product aligns with their goal, making the transition from concept to implementation faster and more efficient.
- Developer-Friendly Design Space. Genie offers an ‘interactive development environment’ that enables developers to design various agent components based on their own logic. This practical approach guarantees that the agents precisely adhere to the developers’ specifications.
- Modern Learning Abilities. Genie uses various state-of-the-art LLMs to ensure the quality of user-provided prompts, empowering the development plan to be precisely optimized for its intended purpose.
- Fast Prototyping. Genie accelerates the creation of autonomous agents by automating workflows for rapid prototyping. This enables developers to swiftly build, test, and refine their ideas, significantly shortening the development cycle. By simplifying the prototyping process, Genie reduces the time required to develop and test prototypes, allowing developers to quickly adapt to changing requirements.
- Multi-Agent Collaboration. Genie’s advanced design utilizes a system where multiple language models work together in a collaborative multi-agent environment. This setup provides thorough and adaptable assessments throughout the development process. The system incorporates an active feedback loop, constantly improving the agent-creation process. By combining the capabilities of different specialized agents, Genie enhances development accuracy, resulting in a robust, reliable final product that meets the intended goals.
Importance in The Industry
Valory’s introduction of Genie marks a significant breakthrough in creating and deploying autonomous agents. This technology simplifies the development process and reduces associated time and cost, making it easier for innovators to bring their ideas to life more swiftly and with enhanced adaptability.
Advantages
Genie elevates the efficiency of software developers, offering impressive customization options and exceptional accuracy to boost overall productivity.
- Accelerated Development. Genie significantly shortens the development process by automating the early stages of code creation and organization. Tasks that once required months can now be completed in just a few days.
- Focused Accuracy. Genie delivers outputs that are meticulously customized to meet each user’s unique needs, ensuring a high level of personalization and producing highly accurate results.
- Enhanced Efficiency. Genie enhances overall efficiency by significantly reducing development time, freeing developers to concentrate on refining and customizing their projects. This allows for greater focus on other important aspects, boosting efficiency.
Future Outlook
“One of our main goals at Valory this year has been to provide this massive multiplier for the hundreds of builders and agents already on Olas,” said CEO and co-founder of Valory, David Minarsch. “Genie is that multiplier. Builders can prompt an entire autonomous agent and have it generated within minutes. This is bound to reduce development time by many weeks, enabling faster agent growth in the Olas ecosystem.”
Looking ahead, Genie is set to undergo various functionality enhancements aimed at simplifying and speeding up the creation of agents. The ultimate objective is to make it possible for anyone, not just developers, to easily generate their own autonomous AI agents through prompts.
Transform your approach to building autonomous agents by exploring Genie. Sign up for the waitlist today.
About Olas
Olas is the platform for co-owning AI. Olas enables everyone to own a share of AI, specifically autonomous agents. One of the first Crypto x AI projects, founded in 2021, Olas offers the composable Olas Stack for developing autonomous AI agents, and the Olas Protocol for incentivizing their creation and co-ownership. Olas’ mission is to incentivize and coordinate different parties to launch autonomous agents that form entire AI economies serving all humans. Olas is giving rise to agent economies across major blockchains with over 900,000 transactions. In Olas Predict, AI agents predict the future, using state-of-the-art AI models, then apply their predictions to on-chain markets. Learn more at olas.network.
About Valory
Valory is a research and deployment company at the intersection of crypto and AI. Its mission is to enable communities, organizations, and countries to co-own AI systems, beginning with decentralized autonomous agents. Valory is the VC-backed team of engineers, researchers, and commercial executors that co-founded the Olas DAO^, contribute to the Olas stack, and built the first services using it. Valory is the pioneer of co-owned AI and the expert in decentralized off-chain systems for DAOs. They collaborate with those interested in decentralizing & owning their own apps.