Kite is building an EVM Layer 1 where AI becomes a real economic actor. It gives agents a three layer identity model separating the user the agent and each session so they can spend, negotiate, and run tasks with limits, permissions, and full audit trails. Payments run on cheap fast stablecoin rails for nonstop micro transactions between machines buying data, compute, and services. The chain uses proof of stake and is built for near zero fees and high frequency automation. KITE launched in Nov 2025 with heavy volume a 10B supply design major exchange listings and early utility focused on incentives. It is backed by about 33M in funding including an 18M Series A led by PayPal Ventures and General Catalyst. Testnets already showed agents transacting and the mainnet with full economics is expected by late 2025 or early 2026. Governance and staking arrive later when agents take on real roles and policies must be delegated safely. Kite argues that autonomy fails without payments and that most blockchains mix identity and authority in ways unsafe for machines. It targets a future where agents act continuously with clear rules revocable control and transparent logic. The risks are real because agent errors scale fast but the vision is that intelligence will need its own financial system and Kite wants to be that layer.
