> For the complete documentation index, see [llms.txt](https://ringfence.gitbook.io/ringfence/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://ringfence.gitbook.io/ringfence/community/based-agent-grants-fund.md).

# Based Agent Grants Fund

### **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.

<figure><img src="/files/PbmGcLmemLi3nvyIo9DJ" alt=""><figcaption></figcaption></figure>

* **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](https://forms.gle/cxCBxmXaniyDFg468)\
→ [Terms and Conditions](https://joyous-chanter-d62.notion.site/Grants-Program-Terms-Conditions-24ea526d69e5806dbabdceb696296f70)

### **BAG Treasury Address**

The BAG allocation is held onchain, fully transparent.

Address: 0x1925179f7665e8dfae3fba52562fd5a45ada82fc<br>