🔗 Revolutionary project powered by:
💼 @PayPal Ventures
💼 @Generalcatalyst
📌 Kite Foundation: @KiteAIFDN
🌐 Kite Ecosystem: @Kite_Frens_Eco
💡 What is it?
The Kite AI project is the world's first blockchain dedicated entirely to AI payments — 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 💸⏱️
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🔥 Why is it important?
🔹 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).
🔹 Every AI agent receives a trusted digital identity (Agent Passport) to verify their identity and execute secure transactions.
🔹 Supports instant payments using stablecoins within the blockchain, with near-instant transactions and very low fees 🌍💳 �
PayPal Newsroom
💰 Funding and institutional trust
✔️ The project raised 33 million dollars in total funding in a Series A round led by PayPal Ventures and General Catalyst.
✔️ Also supported by major investors such as Coinbase Ventures, Samsung Next, 8VC, Avalanche Foundation, and many others.
✔️ This funding reflects strong confidence from major industry players that Kite will be the bridge between artificial intelligence and financial transactions. �
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🌐 Strong features and real connections
🚀 Kite integrates the x402 Agent Payment Standard with blockchain protocol to enable AI agents to send and receive payments automatically and effortlessly.
🛠️ Provides an environment where artificial intelligence agents can work, pay for services, and execute automatically programmable governance policies.
📦 There is an agency store that allows agents to discover services and pay for their use in an intelligent manner. �
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📈 Future opportunities
✨ The Kite AI project is not just about technology but also lays the new economic foundation for artificial intelligence.
✨ 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.
✨ If you are interested in artificial intelligence, blockchain, and the digital economy — this is a project worth following 🔥$BTC
#AI #Blockchain #KiteAI #PayPalVentures #GeneralCatalyst #Crypto #AIeconomy #AgenticPayments