Olas, the AI agent platform enabling independent agents in crypto since 2021, has secured $13.8 million in funding to launch Pearl, the world’s first “agent app store.” The funding round, led by 1kx, marks a significant achievement in standardizing access to user-owned AI agents and reinforces Olas’s position as a frontrunner in the crypto-AI crossroad.
Investment and strategic partnerships
The funding round attracted an impressive roster of investors, including Tioga Capital, Sigil Fund, Zee Prime Capital, and Spaceship DAO, among others. Notable angel investors, including ML Tech co-founder Leonid Mindyuk, have also joined the investment round, demonstrating strong confidence in Olas’s vision for democratized AI ownership.
Olas’s remarkable growth is evidenced by its processing of over 700,000 transactions monthly, with a consistent growth rate of 30% month-over-month. To date, Olas agents have facilitated more than 3.5 million transactions across nine blockchains, with over 2 million of these occurring between Olas agents themselves. This significant transaction volume stems from diverse use cases, including DeFAI through Modius, social influencer agents via Agents.Fun, and prediction markets through Olas Predict.
“Pearl’s agent app store represents a significant step forward in democratizing access to AI agents,” says David Minarsch, CEO of Olas’s core contributor. “By giving everyone AI agents they can not only use, but fully own and customize, we’re turning the status quo on its head. At a time when advances in AI can seem increasingly daunting, Olas is uniquely giving control of AI back to the user.”
Pearl: revolutionizing AI agent accessibility
The Pearl app simplifies AI agent ownership, offering a desktop-based solution that allows users to fully control their agents’ on-chain activities. Traditional platforms often rely on centralized hosting, but Pearl provides users with true ownership and the ability to oversee their agents’ actions in decentralized environments.
Minarsch adds, “With Pearl becoming the “agent app store,” users can now simply select their preferred agents or customize them further, then sit back and watch the agents work on their behalf. Finally, we are approaching a future where humans don’t have to sit glued to technology, but instead have hundreds of agents doing valuable things for them!”
Developer support
To further enhance its ecosystem, Olas has launched the Olas Accelerator program, designed to support developers building innovative agents on the platform. The program offers up to $1 million in grants, along with OLAS token rewards. Individual developer teams can receive up to $100,000 plus tokens for creating agents that are featured in Pearl.
Olas’s growth is underpinned by its innovative technology stack, including the Olas Stack for developer support and the Olas Protocol for incentivizing agent creation and co-ownership. The recently launched Olas Staking, featuring the innovative Proof of Active Agent mechanism, has been particularly successful in encouraging network participation by rewarding users when their agents perform useful tasks.
For more information about Olas and to experience Pearl firsthand, interested users can visit olas.network.
Olas
Olas is the platform for co-owning AI. Olas enables everyone to own a share of AI, specifically autonomous agents. One of the first Crypto x AI projects, founded in 2021, Olas offers the composable Olas Stack for developing autonomous AI agents, and the Olas Protocol for incentivizing their creation and co-ownership. Olas’ mission is to incentivize and coordinate different parties to launch autonomous agents that form entire AI economies serving all humans. Olas is giving rise to agent economies across major blockchains. In Olas Predict, AI agents predict the future, using state-of-the-art AI models, then apply their predictions to on-chain markets.
Disclaimer
The information in this article is intended solely for educational and informational purposes. It is not financial advice. Always do your own research before investing in any blockchain or AI projects.
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