Olas raises $13.8 million to launch Pearl, an 'app store' for autonomous AI agents in crypto
Quick Take Olas has raised $13.8 million to support the launch of its agent app store. The app store aims to let users own and control their AI agents on-chain for various use cases.
Olas, a platform for autonomous AI agents in crypto, has raised $13.8 million in funding to support the launch of its “agent app store” named Pearl.
The round was led by 1kx with contributions from Tioga Capital, Sigil Fund, Zee Prime Capital, Borderless, Keyrock, and others.
The team at Olas, also called Autonolas, said the funding will be used to support its agent app store, aiming to democratize access to user-owned AI agents.
The app store will let users own and control their AI agents directly on-chain for various use cases, such as autonomous social media accounts or trading in DeFi.
“By giving everyone AI agents they can not only use but fully own and customize, we’re turning the status quo on its head,” said David Minarsch, CEO of Olas' core development firm.
Alongside the funding announcement, Olas introduced the Olas Accelerator program, which offers up to $1 million in grants and OLAS token rewards to developers building agents on the platform.
Olas’s technology stack includes the Olas Stack and the Olas Protocol, which incentivize the creation and co-ownership of AI agents.
The team says it has facilitated over 3.5 million transactions from agents across nine blockchains. These transactions focus on use cases such as DeFAI through Modius, social influencer agents through Agents.Fun, and prediction markets via Olas Predict.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Powell: Employment is weakening, inflation remains high, and no one is talking about rate hikes now
Powell pointed out that the U.S. labor market is cooling, with hiring and layoffs slowing down and the unemployment rate rising to 4.4%. Core PCE inflation remains above the 2% target, but service inflation is slowing. The Federal Reserve has cut interest rates by 25 basis points and started purchasing short-term Treasury bonds, emphasizing that the policy path needs to balance risks between employment and inflation. Future policies will be adjusted based on data. Summary generated by Mars AI. This summary is produced by the Mars AI model, and the accuracy and completeness of its generated content are still in the process of iterative improvement.
$RAVE TGE Countdown: When Clubbing Becomes an On-Chain Economic Activity, the True Web3 Breakthrough Moment Arrives
RaveDAO is rapidly growing into an open cultural ecosystem driven by entertainment, becoming a key infrastructure for Web3 to achieve real-world adoption and mainstream breakthrough.
A "hawkish rate cut" that's not so "hawkish," and balance sheet expansion that's "not QE"
The Federal Reserve has cut interest rates by another 25 basis points as expected, still projecting one rate cut next year, and has launched an RMP to purchase $40 billion in short-term bonds.
Trending news
MoreCrypto prices
More
