L1 blockchain ILITY completes $1 million institutional funding round with participation from Archer Capital and TBV
ChainCatcher reports, according to official sources, L1 blockchain ILITY has secured a 1 million US dollar investment from Archer Capital and TBV to accelerate the development of its Agent ecosystem. It is reported that ILITY's AI Agent economic ecosystem will be launched soon, and the funds from this round will mainly be used to further advance this emerging sector.
ILITY Network is an infrastructure designed for the AI Agent economy, providing autonomous AI Agents with verifiable on-chain identity, machine-to-machine (M2M) real-time payment settlement between Agents, as well as a reputation system based on actual on-chain fulfillment records that can be carried across services; its native token $ILY serves as the Gas and settlement currency of the ecosystem.
Previously, the project's last round of funding had received support from institutions such as Animoca Brands, DuckDAO, UZ Capital, and Vega Ventures.
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
Rare in 25 years! The 10-year U.S. Treasury yield surpasses the S&P 500 earnings yield
The 10-year US Treasury yield has surpassed 5%, making bonds more attractive relative to stocks than at any point in the past 25 years. The earnings yield of stocks, as measured by the inverse of the S&P 500’s price-to-earnings ratio, is now lower than the 10-year US Treasury yield, resulting in a clear yield suppression effect on the stock market from bonds. According to the Shiller model, the S&P 500 may outperform bonds by only about 1% annually over the next decade. The 20-year paradigm of stocks outperforming bonds has officially come to an end.
Iron ore retreats, copper takes the lead: Australian mining stocks find a new growth story
Analysts state that the rapid growth in copper demand driven by power infrastructure and artificial intelligence (AI) provides a new rationale for investors to allocate to the mining sector. Australian mining stocks are expected to continue their upward trend.
The IRS May Be Coming for Crypto ETFs Next: Which Funds Are at Risk?
Crypto prices
More
