Ribbita by Virtuals (TIBBIR) is a cryptocurrency token associated with Ribbita, an AI agent operating within the Virtuals Protocol ecosystem on the Base blockchain. Virtuals Protocol is a platform that allows AI agents to be created, tokenised and participate in on-chain economic activity. Rather than representing ownership of the Virtuals Protocol itself, TIBBIR is linked to a specific AI agent and its activity within the ecosystem.

The project combines elements of AI-agent infrastructure and meme-based branding. The Ribbita identity is built around a frog-themed character, while the token's role is tied to the broader Virtuals vision of autonomous AI agents interacting with users, applications and other agents.

TIBBIR is used as the token associated with the Ribbita AI agent within the Virtuals Protocol ecosystem. The token provides exposure to the activity, visibility and adoption of the agent rather than protocol governance or ownership rights in Virtuals Protocol.

Within the broader Virtuals ecosystem, AI agents are designed to interact autonomously with users and other agents, perform tasks and participate in on-chain commerce. TIBBIR forms part of this agent-based economy and is intended to support participation around the Ribbita agent.

The token's market activity is also influenced by community engagement, social attention and the narrative surrounding the Ribbita character, which has led many market participants to classify it as both an AI-agent token and a meme token.