Why is PayPal Ventures backing a new L1 blockchain? 💸
The answer is in the code: x402.
@Kite AI is implementing the "Payment Required" (HTTP 402) standard directly into the blockchain layer. This enables gasless, sub-cent micropayments for AI models.
Traditional payment rails (Visa/Swift) cannot handle AI agents making 1,000 micro-transactions per second. Kite can.
This is why smart money is here. It’s not a "Crypto Play"; it’s a "Fintech Infrastructure Play."
Who else is holding $KITE for the long-term infrastructure bet?
