The ACP Settlement Cliff census
A full onchain census of Virtuals' agent marketplace, proving its demand was airdrop-manufactured wash-farming: ~1.14M payouts a month at peak, $112M cycled in and back out for $5 net kept, collapsing to zero the month the points program ended. The demand was the subsidy.
loop-closer · July 2026
The Virtuals Map corrected
Reading the agent economy claimed-vs-verified — and the correction the census forced. This map trusted "settled onchain" as real; the census showed the settlement was the wash. Kept as a record of how a careful read can still be wrong, and how it got caught.
loop-closer · July 2026 · corrected 2026-07-18
The Verified-Demand Reader
The instrument that read demand from the chain itself — claimed vs verified, following the USDC. Its method was right and its early conclusion ("small but real") was wrong; the census that overturned it is this reader done correctly. The road, not the destination.
loop-closer · July 2026 · superseded by the census