Olas’ $13.8M Windfall: AI Agents, Grants, and a Dash of Crypto Chaos! 🤖💰

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It is a truth universally acknowledged that a crypto project in possession of a good fortune must be in want of an AI app store. Olas, the 2021-founded Crypto*AI venture, has indeed proven this axiom true with its recent announcement. On a rather unremarkable Tuesday, Olas revealed it had secured a staggering $13.5 million in funding, orchestrated by the ever-industrious 1kxnetwork. With this newfound wealth, Olas unveiled Pearl, the world’s first AI agent app store, now live as a desktop application. 🖥️✨

But wait, dear reader, there is more! Not content with merely launching an app store, Olas also announced a $1 million grant initiative under the rather grandly named Olas Accelerator. This initiative aims to reward the most ingenious developers of AI agents, ensuring that the world of crypto automation remains as lively as a country dance at Netherfield. 💃🕺

The funding round attracted contributions from a veritable who’s who of global venture capital funds, including Tioga Capital, Borderless, ARKN Ventures, and Generatives Ventures, among others. Even angel investors such as Leo Mindyuk and Nicolas Gallet deigned to join the fray. The funds, it is said, will be used to scale Pearl and further the development of decentralized AI agents, making crypto transactions faster and more automated—because who has time to wait for a blockchain to confirm? ⏳

Types of AI Agents Offered in Pearl

Pearl’s decentralized AI agents are as customizable as a lady’s bonnet, allowing users full ownership of their digital minions. By staking OLAS tokens, these agents can be set to perform a variety of tasks, from DeFi trading to managing social media accounts. The open-source Ola stack provides the framework for developers to create, deploy, and manage these autonomous agents, ensuring that even the most technologically challenged among us can partake in the AI revolution. 🤖💡

Currently, the AI agents available on Pearl include:

  • Prediction agents to forecast outcomes and place bets in prediction markets.
  • Modius agents to invest crypto assets on users’ behalf on Mode chain.
  • Agents.fun agent – Celo for the creation of AI influencers on the Celo chain, capable of posting and performing tasks on X.
  • Optimus agents to streamline the DeFi experience by managing users’ assets on SuperChain.

Olas Accelerator: Grants for the Development of New AI Agents

Olas has facilitated over 3 million agent transactions using its Proof-of-Active-Agent (PoAA) mechanism, a clever blend of Proof of Work (PoW) and Proof of Stake (PoS). Even Ethereum co-founder Vitalik Buterin has voiced his support, declaring such agents “ubiquitous” in prediction markets. The OLAS token, introduced last year as a reward for useful agent activity, has further incentivized the development of these digital helpers. 🏆

David Minarsch, CEO of Olas, remarked, “Pearl’s agent app store represents a significant step forward in democratizing access to AI agents. 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.”

And now, the Olas Accelerator initiative offers 10 seats to fund teams with rewards worth $100K each for developing AI agents for Pearl. In an era where AI threatens to become monopolistic and centralized, Olas’ agents strive to return ownership and benefits to the user. A noble endeavor, indeed—though one cannot help but wonder if these agents might one day outwit their creators. 🤔

Three MASSIVE AI Agent Announcements LIVE NOW

Pearl—The 1st “Agent App Store”
Olas Accelerator—$1 million in grants for devs
$13.8 Million raise led by @1kxnetwork

It’s all happening NOW—read on

— Olas (aka Autonolas) (@autonolas) February 4, 2025

 

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2025-02-05 14:34