Skynet Secures $1.2M to Advance Decentralized AI Agent Payments Worldwide
Skynet, a decentralized protocol enabling AI agents to access and pay for products and services globally, has raised $1.2 million in pre-seed funding.
The round saw contributions from prominent angel investors affiliated with GitHub, Polygon, Veracode, and Monotype, the firm said in a press release shared with Cryptonews.com.
The funds will be used to develop ‘The World’s Resource Blockchain™,’ a system designed to connect global resources, empowering AI agents to autonomously execute payments and perform tasks across multiple platforms.
AI Agents Face Challenges in Performing Real-World Actions
AI agents have gained attention in recent years, with major corporations like Google introducing AI initiatives such as Project Mariner.
However, most AI agents today face significant limitations in performing real-world actions due to access barriers like API keys, OAuth credentials, and KYC requirements that require human intervention.
Skynet’s decentralized approach aims to eliminate these barriers.
“Businesses today are designing for human users, but the next big wave is designing for AI agents,” Vishnu Korde, Founder and CEO of Skynet shared with Cryptonews.
“Skynet’s resource blockchain enables agents to access services, execute payments and engage with apps that would generally require human intervention.”
Skynet’s solution addresses a major challenge in the emerging Agent Economy.
The company’s Smart Access Points allow AI agents to interact with global services, such as Booking.com, AWS, StackAI, Shopify, and more, autonomously and transparently.
This capability removes the need for manual intervention, enabling seamless connections and reducing operational friction for AI-driven tasks.
The Skynet interface provides AI agents with access to resources, transaction capabilities, and integration with decentralized applications (dApps) across multiple virtual machines (VMs).
Unlike existing systems that require multiple wallets, gas tokens, or blockchain bridges, Skynet’s approach facilitates direct and efficient cross-chain interactions.
Skynet’s Infrastructure is Built on Orbit Chain
Skynet’s infrastructure is built on Arbitrum’s Orbit chain, offering advanced payment and tracking mechanisms.
This allows AI agents to complete real-life tasks, including booking flights, managing accommodation, and handling financial portfolios.
Such capabilities position Skynet as a key player in the development of the Agent Economy.
Korde predicted that there would be at least as many AI agents by 2030 as there are humans on the planet.
“We expect these AI agents to become new consumers, acting as proxies on behalf of humans—a challenge no organization is currently prepared to address.”
Likewise, Ravikant Agrawal, Director of Growth at Polygon Labs, claimed that the AI ‘bull market’ is just beginning, and its growth will outlast any crypto market cycle.”
“Skynet is purpose-built to enable AI agents to perform real-world actions, a necessity that will only grow as the agent economy accelerates over the next decade.”
Source: cryptonews.com
