Recently, Kite AI's test network surprisingly handled over 600 million AI agent calls, with millions of active users in the community; this is no small feat. Developers can quickly create smart agents with on-chain identities using the Kite SDK, and the Agent app store is somewhat like the App Store, becoming a key platform for discovering services and making money. This closed-loop ecosystem aligns well with the direction of decentralization, and many are watching whether it will completely change the way the next generation of AI tools operates.
Do you know what AI assistants can do now? It's not just chatting; they even start helping people place orders, book services, and manage assets. This raises a question: if they go haywire, who is responsible? Kite AI specializes in this issue. They haven't followed the traditional path of rewarding based on computing power or token age but instead created a very innovative PoAI model—distributing profits through verifiable AI contributions. Data providers, model developers, and users of AI agents can all share in the benefits from the rising tide of the ecosystem, and the entire architecture can be assembled like Lego blocks, allowing for direct customization in complex industries like healthcare and finance, which is quite interesting.
Let's talk about funding. Kite has been quite favored by the capital market, with investments from PayPal Ventures, General Catalyst, and Samsung totaling $33 million. Why such a large amount? They see that Kite can help the AI economy solve some of the most troublesome pain points in processes. For example, settlement speed, down to the millisecond level, with microtransactions that don't require waiting for slow bank approvals. With a native stablecoin, the work between AI agents flows more smoothly; these infrastructures might really support a new financial framework for the machine economy.
However, with AI automation becoming increasingly powerful, the risks are also significant. Kite has implemented many preventive designs. For example, all AI agents must establish encrypted identities using KitePass, and every operation is traceable. Users can also set detailed permissions, such as not allowing mandatory purchases of large items, only permitting certain services for whitelisted users, and setting limits on each transaction. If particularly sensitive operations need to be executed by the agents, they must pledge funds in advance; if something goes wrong, there is accountability. This approach is quite reliable, as it maximizes security while trying to ensure autonomy.
Their community operates in a very down-to-earth manner. Initially, they attracted attention through airdrops, but now they mainly rely on technical governance to stand out. Code parameters, rules for proxy behavior, and such are all decided by DAO votes, which is particularly transparent and free from monopolistic cliques. This pragmatic atmosphere makes the entire system more sustainable and increases users' trust in on-chain AI applications.
Lastly, just to mention, the price of KITE Alpha coin has risen to $0.098596, with a growth of 1.19% last week. With so many retail and institutional investors watching, the future trend is hard to predict. From my personal perspective, Kite seems to be patient; they are not chasing short-term trends but are genuinely building a solid economic foundation for AI agents step by step. This direction could potentially tie Web3 and AI together completely, and more stories will emerge in the future.@KITE AI #KITE $KITE
