๐ Revolutionary project powered by:
๐ผ @PayPal Ventures
๐ผ @Generalcatalyst
๐ Kite Foundation: @KiteAIFDN
๐ Kite Ecosystem: @Kite_Frens_Eco
๐ก What is it?
The Kite AI project is the world's first blockchain dedicated entirely to AI payments โ designed to build a robust infrastructure where AI agents can transact financially, communicate, and collaborate without intermediaries, at lightning speed and with very low fees ๐ธโฑ๏ธ
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๐ฅ Why is it important?
๐น The network is specifically designed to support the economy of the future where intelligent systems conduct automatic financial operations (from paying API fees to purchasing services or goods).
๐น Every AI agent receives a trusted digital identity (Agent Passport) to verify their identity and execute secure transactions.
๐น Supports instant payments using stablecoins within the blockchain, with near-instant transactions and very low fees ๐๐ณ ๏ฟฝ
PayPal Newsroom
๐ฐ Funding and institutional trust
โ๏ธ The project raised 33 million dollars in total funding in a Series A round led by PayPal Ventures and General Catalyst.
โ๏ธ Also supported by major investors such as Coinbase Ventures, Samsung Next, 8VC, Avalanche Foundation, and many others.
โ๏ธ This funding reflects strong confidence from major industry players that Kite will be the bridge between artificial intelligence and financial transactions. ๏ฟฝ
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๐ Strong features and real connections
๐ Kite integrates the x402 Agent Payment Standard with blockchain protocol to enable AI agents to send and receive payments automatically and effortlessly.
๐ ๏ธ Provides an environment where artificial intelligence agents can work, pay for services, and execute automatically programmable governance policies.
๐ฆ There is an agency store that allows agents to discover services and pay for their use in an intelligent manner. ๏ฟฝ
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๐ Future opportunities
โจ The Kite AI project is not just about technology but also lays the new economic foundation for artificial intelligence.
โจ With support from PayPal and General Catalyst, the network has a strong chance to grow and integrate with payment and e-commerce platforms around the world.
โจ If you are interested in artificial intelligence, blockchain, and the digital economy โ this is a project worth following ๐ฅ$BTC
#AI #Blockchain #KiteAI #PayPalVentures #GeneralCatalyst #Crypto #AIeconomy #AgenticPayments
