In a step confirming the increasing rapprochement of artificial intelligence technology and Blockchain technology, Paypal Ventures and General Catalyst led $ 18 million in KITE, a start -up company based in San Francisco aimed at revolutionizing how artificial intelligence agents interact with decentralized systems. The financing round, which reaches the total capital in Kite to $ 33 million, includes a participation of prominent supporters such as 8VC, Samsung Next and Alumni Ventures. KITE was founded by former Uber and Square engineers, and the development of the Avalanche Blockchain to enable artificial artificial intelligence agents to perform tasks such as payment of payments or access to data safely and efficiently.
Kite Core, Kite Air, allows artificial intelligence models to identify themselves and implement transactions using Stablecoins, promising low fees, instant settlements, and improvement security. This way can pave the way for smooth user experiences, such as buying products directly through Chatbots such as ChatGPT, without traditional mediators. As stated in Fortune CryptoThe young woman imagines a “high -frequency economy, Micropayment” where artificial intelligence transactions become common in e -commerce sectors to funding.
Opening the potential of artificial intelligence in Web3
Industry experts believe that this investment is a bet on the future of artificial intelligence – the systems that work independently on behalf of users. Paypal is especially noticeable, due to its history of digital payments and recent invasions in the encrypted currency. By supporting KITE, Paypal seems to put himself at the intersection of artificial intelligence and Blockchain, which may merge these capabilities into its own ecosystem of faster and more independent transactions.
GENERAL CATALEST, known as a technology -focused wallet, can look at KITE as a major player to bridge the arithmetic strength of artificial intelligence with decentralized Blockchain confidence. According to details of Yahoo financingKite platform deals with a critical gap: enabling artificial intelligence agents to reliably communicate and deal through decentralized networks, which can accelerate adoption in Web3 applications.
The broader challenges and effects
However, Kite faces competitive obstacles where artificial intelligence and encryption integration are still emerging. Regulatory doubts about Blockchain and Stablecoins may slow progress, and the start of its technology is to be operated among volatile encryption markets. The co -founder of KITE refused to reveal the evaluation details or whether the distinguished tour concluded, adding an atmosphere of mystery to its financial structure, as mentioned in Peter News.
Investment reflects wider trends in the investment capital, as the money in hybrids flows from AI-Blockchain to support innovation. For example, Kite’s focus on Avalanche provides advantages in speed and cost on competitors such as ETHEREUM, which is likely to attract developers who build decentralized applications operating on behalf.
Future prospects for Amnesty International decentralization
In the future, Kite plans to expand its offers in financing and data services, allowing artificial intelligence agents to deal with complex tasks such as allocated shopping or automatic investments. This may disrupt the traditional Fintech models, making transactions more efficient and focus on the user.
like Nftgors The most prominent, participants in the tour indicate strong confidence in the KITE vision. For those familiar with the industry, this deal is not only achieved from the thesis of AI-Blockchain, but also alluded to a new era where smart agents work freely in decentralized environments, which may reshape how we interact with technology and trade. With a total of $ 33 million, Kite is well placed to lead these fees, although success will depend on the movement of technical challenges and the market effectively.
