Skyfire, a payments platform founded by former Ripple developers, has successfully raised $9.5 million in a seed funding round. This round was led by Coinbase Ventures and a16z’s Crypto Startup Accelerator.

Innovative Payment Infrastructure for AI Agents

Skyfire is focused on developing a payment infrastructure specifically designed for AI agents. These are software systems capable of making decisions and transacting autonomously. According to a company release, Skyfire’s network allows AI agents to process transactions independently, using USDC or traditional banking systems.

Autonomous Transactions

This innovation addresses the growing AI agent economy, where agents are utilized across various sectors, including financial services and online retail. Skyfire facilitates fully autonomous payments by providing agents with secure wallet access and verifiable identities.

Integration with Ethereum Layer 2 Blockchain

Skyfire is now integrated with Base, an Ethereum Layer 2 blockchain incubated at Coinbase. This integration enables low-cost payment rails for all agent payments. The partnership with Coinbase Ventures and the funding from a16z’s Crypto Startup Accelerator have significantly bolstered Skyfire’s capabilities.

With this latest round of funding, Skyfire’s total investment has reached $9.5 million.

Understanding AI Agents

For those unfamiliar with AI agents, these systems function similarly to digital employees. They perform tasks, make decisions, and, in this case, pay for services. Skyfire provides the infrastructure that allows these agents to complete transactions autonomously, eliminating the need for human oversight.

This setup ensures seamless transactions at a reduced cost, making it highly attractive to enterprise customers.

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