@GoKiteAI $KITE #KITE

Objective: Build an "AI agent economy," where AI agents can operate as independent economic entities, capable of earning money, spending, and coordinating with each other on the blockchain.

Core technology: Kite AI develops an EVM-compatible Layer-1 blockchain (Ethereum Virtual Machine) using a Proof of Artificial Intelligence (PoAI) consensus mechanism.

Three main pillars: To achieve this goal, the AI agents on the Kite platform need three core capabilities:

Identity: Have a verifiable identity.

Payments: The ability to make and receive instant, secure payments.

Control: Ensure that all actions are carried out within clear constraints and principles.

Product/Ecosystem: The Kite ecosystem includes Kite [Chain] (blockchain layer), Kite [Build] (development toolkit), and Kite [Agentic Network] (application network/marketplace).

Token (KITE): The project uses the native KITE token for payment activities among agents, network governance, and as rewards.

Partners and Investment Funds: Kite AI has received significant funding ($33 million) from strategic investors, including PayPal Ventures, to drive development and expand the market.