{"id":97564,"date":"2024-10-24T15:40:47","date_gmt":"2024-10-24T19:40:47","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=97564"},"modified":"2024-10-24T15:42:12","modified_gmt":"2024-10-24T19:42:12","slug":"skyfire-raises-to-build-ai-payment-network","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/skyfire-raises-to-build-ai-payment-network\/","title":{"rendered":"Skyfire Raises $9.5m to Build AI Payment Networ"},"content":{"rendered":"\n

Coinbase Ventures and a16z's Crypto Startup Accelerator led a $9.5 million Seed fundraising round<\/a> for Skyfire, a payments platform created by former Ripple developers.\u00a0<\/p>\n\n\n\n

\"Skyfire
Skyfire Raises $9.5m to Build AI Payment Network<\/figcaption><\/figure>\n\n\n\n

According to a press statement, the company's primary focus is developing a payment infrastructure for AI agents\u2014software programs that can make decisions and conduct transactions independently.<\/p>\n\n\n\n

Using USDC or conventional banking systems\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, Skyfire's payment network enables AI agents to handle transactions without human intervention. <\/p>\n\n\n\n

This invention serves the expanding AI agent economy, which uses agents in a number of sectors, including online retail and financial services. <\/p>\n\n\n\n

By giving agents secure wallet access and verifiable identities, Skyfire makes fully autonomous payments possible. <\/p>\n\n\n\n

Low-cost payment rails for all Agent payments are now possible because to Skyfire's integration with Base, the Ethereum layer 2 blockchain<\/a> that Coinbase is incubating. <\/p>\n\n\n\n

This integration comes at the same time as Coinbase Ventures invested in Skyfire, and the a16z Crypto Startup Accelerator provided funding. With this, Skyfire now has a total investment of $9.5 million.\u00a0<\/p>\n\n\n\n

What are AI agents?\u00a0<\/h2>\n\n\n\n

For those unfamiliar with AI agents, these systems work similarly to virtual workers, carrying out duties, coming to conclusions, and in this instance, collecting payments for services. <\/p>\n\n\n\n

Skyfire enables these agents to carry out transactions without requiring human supervision by serving as the infrastructure. <\/p>\n\n\n\n

Enterprise clients find this configuration appealing since it allows for smooth transactions<\/a> at a significantly lower cost.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Coinbase Ventures and a16z’s Crypto Startup Accelerator led a $9.5 million Seed fundraising round for Skyfire, a payments platform created by former Ripple developers.\u00a0 According to a press statement, the company’s primary focus is developing a payment infrastructure for AI agents\u2014software programs that can make decisions and conduct transactions independently. Using USDC or conventional banking […]<\/p>\n","protected":false},"author":43,"featured_media":97565,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[3996,2119,22505],"class_list":["post-97564","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ai","tag-funds","tag-skyfire"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/10\/croc_1729793647261.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/97564","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=97564"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/97564\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/97565"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=97564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=97564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=97564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}