On July 9, CoinWorld reported that the AI-driven cryptocurrency trading platform OlaXBT announced the completion of a $3.38 million seed round financing, led by Amber Group, with participation from DWF Ventures, Mindfulness Capital, Web3Labs club, Credit Scend, and others.

According to the introduction, OlaXBT utilizes proprietary MCP (Model Context Protocol) technology and reinforcement learning to achieve automated market making, sentiment analysis, and trade execution. It is built on the BNB Smart Chain and includes a market consisting of interoperable MCP servers and a chat-based trading terminal.