August 21, 2024
Skyfire, a an open-source payment system, has just announced an $8.5 million seed funding round, supported by major players in the crypto space including Circle (the issuer of USDC), Ripple, Gemini, and the venture capital firm of well-known Silicon Valley billionaire and Bitcoin advocate Tim Draper. Skyfire currently operates on Polygon, the Ethereum scaling network, but plans to expand to other blockchains in the future.
Project | Latest Raise | Latest Raise Date | Stage | Category |
|---|---|---|---|---|
Skyfire | $8.5M | August 21, 2024 | Seed Round | Payments, AI |
Skyfire will enable autonomous AI agents to navigate the internet and purchase necessary items for their missions—ranging from data storage and creative assets to airfare and groceries. These transactions will be facilitated by USDC, a widely-used stablecoin.
About Skyfire
Skyfire is a company that integrates blockchain payments with AI. Their service, also called Skyfire, allows AI agents to make online purchases using USDC, a stablecoin. This enables AI to buy items like data storage, creative assets, and groceries without human intervention. Skyfire operates on the Polygon network and plans to expand to other blockchains soon.
Website: https://www.skyfire.xyz/
About Investor
This round consisted of Circle (the issuer of USDC), Ripple, Gemini, and the venture capital firm of well-known Silicon Valley billionaire and Bitcoin advocate Tim Draper.
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.
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