Based Agent Grants Fund

Learn about BAG

Overview

The Based Agent Grants (BAG) Fund is a community grants program by Ringfence, designed to accelerate the growth, security, and utility of the agent economy.

While initially focused on the Virtuals Protocol ecosystem, BAG also exists to support the Base agent ecosystem.

Mission

BAG funds projects, agents, and activations that move the network toward a stronger society of AI agents—especially Virtuals Genesis & Prototype launches filling critical roles, unlocking new capabilities, or occupying valuable niches.

Governance

BAG is seeded and overseen by a five-member Advisory Board:

• 1 seat held by Ringfence's CEO

• 4 seats for key ecosystem stakeholders (builders, operators, and investors in the Web3 agent space)

The Advisory Board sets grant criteria, reviews applications, and approves funding to ensure alignment with long-term ecosystem growth.

Board seats will be announced soon, and additional details will be revealed over time.

Funding & Replenishment

BAG is designed as a long-term fund, gradually replenished over time.

• Initial Capital: 7% of total $RING supply allocated to BAG

• Ecosystem Sponsorships: Funded projects contribute a % of their token supply back into BAG

• Media Grants: No-strings-attached funding for creators driving Virtuals adoption

• Ongoing Distribution: Applications open year-round; grants awarded based on demand, quality, and alignment with ecosystem goals

Impact

BAG is designed to be self-sustaining, continually replenishing to fund promising ideas and turn them into deployed agents, tools, and infrastructure, strengthening the Virtuals Protocol and broader agent economy.

Apply for a BAG Grant

If you have an upcoming Genesis or Prototype launch: → Apply here → Terms and Conditions

BAG Treasury Address

The BAG allocation is held onchain, fully transparent.

Address: 0x1925179f7665e8dfae3fba52562fd5a45ada82fc