🫧a16z led the investment in Catena Labs. What is this project?
✨This project is a technology project that focuses on building a new financial foundation for AI agents. The goal is to create the world's first AI native bank, which provides basic financial services such as bank-level accounts, payments, identities, and risk management for AI agents (rather than human subjects) to achieve "AI serving AI"
⚜️In the future, the system will dynamically adapt to a variety of stablecoins at the technical or business level to enhance the convenience and stability of payment, transactions or financial services, and achieve high-speed, low-cost settlement (such as USDC or USDT), but the company clearly stated that it will not issue independent tokens or stablecoins in the short term
✨The project is currently in the early stage of architecture construction and open source protocol pilot.
🍕✨One of the most anticipated basic innovative projects in the field of AI+financial technology, very suitable for high-risk preference and long-term value investors
