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AI agents are getting smarter, but can they be trusted with your money? Kite AI ( @GoKiteAI ) just raised $33M (Series A) led by PayPal Ventures , proving they can. ✓ This isn't just about money. It's about a future where AI agents can transact autonomously. 👇👇👇
🧵2/4 Key strengths of Kite AI: 1️⃣ Agent Passports – DID for AI agents, enabling secure, programmable transactions. 2️⃣ PoAI Consensus – Rewards agents for verifiable contributions, not just compute power. 3️⃣ Avalanche Subnet – Scalability and customizability to handle billions of interactions.
🧵4/4 A new narrative is being written. Does PayPal's backing make you a believer in the AI-crypto crossover? 👇
🧵1/4 ➤ Until now, AI projects have been stuck in the lab. ➤Lack of a trusted, scalable financial layer means their potential is limited to demos. ❌They can "reason" but can't "transact." ➤ PayPal's investment isn't just a check. It’s a strategic bet. ➤ They’re backing a project that provides the missing piece: a transactional backbone for the agentic internet. ✓ This makes them the first and only AI/blockchain company PayPal has ever supported.