AI’s decentralized provider Kite Ai raised $ 18 million in a series of funding of funding led by Paypal Ventures, which brings the total combined funding to $ 33 million.
According to an announcement shared with Cointelegraph on Tuesday, other investors in the company include 8VC, Samsung next, SBI US Gateway Fund, Vertex Ventures, Hashed, Hashkey Capital, Avalanche Foundation, Layerzero, Animoca Brands and more. In February, Kite launched the AI-Centric Layer-1 Blockchain testnet, based on Avalanche (AVAX), which aims to enhance scalability and processing data while providing centralized coordination for Artificial intelligence (AI) Workflows.
Kite aims to use the shared infrastructure in Power Agentic AI Infrastructure, envisioning Ai agents As a new user category in the web3 ecosystem. AI agents are autonomous software programs that can detect their environment, make decisions, and take actions to achieve goals without continuous human intervention.
Kite launched Air, a system that allows AI agents to prove and transact independently of programmable identities, native stablecoin payments and policy implementation with a dedicated blockchain. The air consists of two components: an agent passport, which provides identification services with operating guardrails, and an agent app app, which offers custom service agents, data resources and commerce tools, and allows them to pay for these services.
A kite representative explained that the passport “creates a multi-layered identification system in which each participant-agents, agents, and sessions-have unique cryptographic identities forming a chain of trust.” This ensures that all actions can be scryptographically monitored back to the point of origin.
Related: Agentic AI Project Eliza Labs sues Elon Musk’s Xai
AI agents as web3 user interface
Kite and CEO co-Founder Chi Zhang explained that the team believes autonomous agents will be “the dominant (user interface) for future digital economies.” He said that in order to work, such agents require structured and proven data, and giving that the first step. Now it’s time for identity, confident and programmed payment built for AI agents:
“Today’s human-centric systems are too tight and crunchy for swarms of agents who conduct micro-transactions at mechanical speed.”
Zhang said the use of publicly available applicable application (API) interfaces, PayPal or Shopify entrepreneurs “can” can be able to post through the Kite Agent app store and be discovered in AI shopping agents. ” The purchases made in this ecosystem are fixed onchain and transparent, leveraging stablecoins. The team is working on additional integrations throughout the commerce, finances and data platforms.
Talking to the cointelegraph, a kite representative explained that “Paypal is a formal partnership in the pilot phase, Shopify is a integration of API in the pilot stage.”
Alan Du, partner in Paypal Ventures, Kite said “the first real infrastructure built for the agent’s economy.” He added that payments are a challenging technical gap for AI agent systems and “Kite Bridges this critical gap by providing stablecoin-based, millisecond-level settlement.”
Steve Everett, head of the global development of the Paypal’s Crypto and Digital Assets Department, said such systems provide “a true universal, automatic economy where people, businesses and machines can interact with ease and confidence.”
Related: The future belongs to those who own their AI
Growing expectations for AI agents on the web3
The enthusiasm for AI agents with the ability to handle crypto transactions and web3 contacts continue to grow. Members of the coinbase development team Kevin Leffew and Lincoln Murr recently said the said agents were About to be “the largest users of Ethereum power. “
However, how AI agents interact with other systems that starts is different from how people interact with them, and their capabilities are significantly different from average people. For this reason, great efforts are invested in developing infrastructure-developed infrastructure and middleware that allows AI agents to interact with complex systems, including web3 infrastructure.
Adrian Brink, Co-Founder of the AI Agent Infrastructure Firm, recently argued that Such systems require blockchain -based infrastructure. In this context, the goals are purposes by the user specified or desired outcomes expressed at a high level, which is interpreted and conducted by blockchain and agent systems by automatically determining the necessary actions and transactions.
Some AI-agent-based systems have already seen large-scale web3 adoption. Data from earlier this month shows that Clanker, a decentralized application (DAPP) built around an artificial intelligence agent creating memecoins based on signals, have formed more than $ 34.4 million in fees for its users.
“Clanker is an AI that launches crypto tokens for you,” said the DAPP website. “Give it a name and a symbol, and it administers the expansion, market creation, and sharing fee.”
Magazine: All hated the GPT-5, AI shows social media not well: AI eye
