funnAI, a protocol built to run autonomous AI agents on the Internet Computer (ICP) blockchain, has published a summary of milestones achieved during its development grant period from the DFINITY Foundation. According to the figures released by Onicai, more than 300,000 trillion ICP cycles were consumed by the network, and a marketplace for so-called mAIners saw over 15,000 ICP exchanged in creation and trades of those agents. The team says the protocol accrued assets valued at around $135,000, alongside 15 mAIners that are slated for transfer to an onicai SNS structure once governance voting concludes.
The funnAI initiative seeks to coordinate decentralised artificial intelligence agents that compete for token rewards by solving challenges and submitting outputs directly on-chain. Each agent, referred to as a mAIner, operates within the ICP ecosystem and burns cycles — the system’s native computation fuel — as it processes tasks. A dashboard shared by the project tracks activity such as daily cycle burn rates and token allocations.
Market data from unofficial feeds suggests early activity in the mAIner marketplace has been lively, with hundreds of listings and completed trades shortly after launch. Participants can deploy AI agents and speculate on their performance or transferability, and the marketplace experience reflects growing interest from those experimenting with on-chain AI dynamics.
The funnAI token model is built around incentives that reward agents based on performance outcomes. This economic layer is supported by the Internet Computer’s ability to host AI agents without reliance on external compute infrastructure, a technical distinction that the project’s developers highlight.
Not all commentary around the project has been uniformly positive. Some community participants on discussion forums have questioned the underlying tokenomics and the value proposition for holders, pointing out that rewards derive from speculative token mechanisms rather than traditional productive outputs. This reflects a broader debate in the blockchain space about how best to link economic value with application-level activity.
Onicai has also been progressing with plans to decentralise governance through an SNS proposal, which would see funnAI’s token structure evolve under the new onicai governance system. Under this model, existing mechanics are expected to remain in place, though rewards would be paid in a new ONICAI token once the transition completes.
As the development grant period closes, funnAI’s published figures offer the community a detailed snapshot of usage, engagement and assets accumulated so far. Observers will be watching how these technical and economic elements hold up as the protocol moves beyond grant-funded development into broader user-driven phases.
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