Skyfire, a funds platform based by former Ripple builders, raised $9.5 million in a seed funding spherical led by Coinbase Ventures and a16z’s Crypto Startup Accelerator.
The corporate focuses on constructing a cost infrastructure designed for AI brokers, that are software program techniques able to making choices and transacting autonomously, in accordance to an organization launch.
Skyfire’s cost community permits AI brokers to course of transactions with out human intervention, utilizing USDC (USDC) or conventional banking techniques. This innovation caters to the rising AI agent economic system, the place brokers are used throughout varied industries, corresponding to monetary companies and on-line retail.
Skyfire allows totally autonomous funds by offering brokers with safe pockets entry and verifiable identities.
Skyfire is now built-in with Base, the Ethereum (ETH) layer 2 blockchain incubated at Coinbase, enabling low-cost cost rails for all Agent funds. This integration coincides with an funding into Skyfire by Coinbase Ventures, alongside funding from the a16z Crypto Startup Accelerator.
This brings Skyfire’s complete funding to $9.5 million.
What are AI brokers?
For these unfamiliar with AI brokers, these techniques perform like digital workers, performing duties, making choices, and, on this case, paying for companies. Skyfire acts because the infrastructure that permits these brokers to finish transactions, bypassing the necessity for human oversight.
This setup allows seamless transactions at a fraction of the fee, making it enticing to enterprise clients.