Skyfire Pioneers Payment Network for AI Economy with Rapid Growth
Slice of Finance Team
10/28/2024
Key Highlights:
- Skyfire's payment network enables fully autonomous transactions across the AI Agent economy.
- New funding from Coinbase Ventures and a16z CSX, supporting network expansion.
- Integration with Base, Coinbase’s Layer 2 blockchain, to offer low-cost transactions.
- Growing adoption among businesses, including Emergence AI, Venice AI, and Net Nut.
- $9.5 million in total funding, powering Skyfire’s transformative impact on the AI economy.
Source: Business Wire
Quotes
“ “When we launched Skyfire, we knew we were addressing a critical gap in AI, but the speed and scale of adoption across industries have significantly exceeded our expectations.” ”
Amir Sarhangi, Co-Founder and CEO at Skyfire
Our Take:
Skyfire is rapidly transforming the AI Agent economy with its groundbreaking payment network, addressing the core transactional challenges AI entities face today. With backing from Coinbase Ventures and a16z CSX, Skyfire leverages blockchain technology for cost-efficient, autonomous payments, eliminating the need for human intervention. By enabling scalable, micro-payment capabilities at a fraction of a penny, Skyfire positions itself as a pivotal infrastructure layer, facilitating seamless transactions for AI Agents and businesses alike.
