TL;DR
- Olas raises $13.8 million in a round led by 1kx, boosting the development of its crypto AI agent platform.
- The platform already handles over 700,000 monthly transactions, with a notable 30% month-over-month growth and over 3.5 million total transactions.
- Olas launches Pearl, an app that allows users to create and manage AI agents, and Accelerator, offering up to $1 million in prizes for developers of innovative agents.
Olas, a pioneering project integrating artificial intelligence (AI) agents into the crypto industry, has announced a funding round of $13.8 million, led by 1kx.
This capital will help continue the development of the platform, which already handles over 700,000 monthly transactions and a growth rate of more than 30% month over month. To date, Olas agents have completed more than 3.5 million transactions, with a significant percentage of them being agent-to-agent transactions, demonstrating the high adoption of use cases such as DeFAI, prediction markets, and social agents.
The advancement of its technology, based on its Olas protocol and innovative Proof of Active Agent (PoAA) system, has been key in driving the adoption of these tools. This mechanism rewards useful agent activity by combining Proof of Stake and Proof of Work, which has helped increase user participation and activity within the ecosystem.
Olas: Pearl and Accelerator
In addition to the funding, Olas has launched two new initiatives to solidify its position as the leading player in the AI agent market within the crypto industry. The first is Pearl, a desktop application that allows users to create, customize, and operate their own AI agents easily. Pearl acts as an app store for agents, providing new opportunities for those who wish to interact with these agents in various areas, from influencers to decentralized finance (DeFi).
The second initiative is the Olas Accelerator, a program that will offer up to $1 million in prizes for developers creating the best AI agents within the platform. This program aims to incentivize the creation of innovative applications and tools that fully leverage the potential of AI agents, rewarding the top teams with up to $100,000.
With these advancements, Olas will become a groundbreaking platform for the crypto ecosystem, bringing ownership and control of AI agents to users and creating an environment conducive to their mass adoption. The platform focuses not only on the present but also on the future of prediction markets, decentralized finance, and other emerging sectors
