The encrypted payment network Skyfire has received strategic investment from Coinbase Ventures and a16z CSX, with a total funding amount of 9.5 million dollars

ChainCatcher news, according to TheBlock, Coinbase Ventures and a16z Crypto Startup Accelerator (CSX) announced a new strategic investment in Skyfire, a payment company focused on artificial intelligence. This investment increases Skyfire's total seed funding from the previous $8.5 million to $9.5 million. Currently, Skyfire is building infrastructure that allows AI agents to make autonomous payments, avoiding human intermediaries.

Additionally, the Web3 asset data platform RootData shows that Skyfire is the financial stack of the AI economy, providing an instant, global, and open payment system for AI agents to conduct fully autonomous transactions between AI agents, law masters, data platforms, service providers, and other goods and services. The Skyfire payment network also unlocks the fastest-growing consumer segment globally for LLMs, data, and service providers—AI agents. Empowered by Skyfire, AI agents will be able to leverage a vast digital service ecosystem for everything from data analysis and content creation to complex problem-solving and decision-making, all without human supervision. All these transactions will be supported by the stablecoin USDC.