October 24, 2024
Skyfire, the first payment network dedicated to the AI Agent economy, announced progress today with new funding and technological advancements. The company, which supports payments to and from AI-driven agents, secured an additional $1 million million in seed funding. Leading investors include Coinbase Ventures and a16z CSX. The announcement follows Skyfire's rapid growth since launching its platform, now processing transactions across sectors like financial services and online retail.
Skyfire enables autonomous payments for AI Agents, facilitating transactions without human oversight. The network provides secure wallet access, verifiable identities, and open protocols for instant, autonomous payments. This structure is designed to accommodate a range of use cases, from business-to-business services to AI-powered online retail transactions. The latest funding supports Skyfire's ongoing mission to expand the AI Agent ecosystem by integrating with the Base network, a Layer 2 Ethereum solution incubated by Coinbase, allowing for low-cost, onchain payments.
Recent developments also include new partnerships with companies across multiple industries. Notable additions to the Skyfire payment network are Emergence AI, Venice AI, and OpenRouter. These collaborations are set to accelerate the adoption of AI Agent-driven payments. Skyfire’s latest integration with the Base blockchain network supports transactions at less than a cent per transfer, making onchain AI Agent payments more accessible to enterprises.
About Skyfire
Skyfire is a financial infrastructure platform designed for the AI economy. It offers an autonomous payment system that operates across AI agents, data platforms, service providers, and a variety of digital environments. With Skyfire, businesses can tap into the rapidly growing AI Agent market, streamlining complex operations and enabling real-time, global payments without human intervention.
Website: https://skyfire.xyz/
X: @trySkyfire
About Investor
Coinbase Ventures
Coinbase Ventures, a venture capital arm of Coinbase, focuses on early-stage investments in blockchain and crypto-based startups.
Location: Oakland, CA
Website: https://www.coinbase.com/ventures
a16z CSX
a16z CSX is an accelerator under Andreessen Horowitz specializing in innovative technology and cryptocurrency projects.
Location: Menlo Park, California
Website: https://a16zcrypto.com/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
댓글