L1 blockchain project ILITY has secured a $1 million investment from Archer Capital and TBV, according to an official announcement cited by ChainCatcher. The funding will be used to speed up development of ILITY’s Agent-focused ecosystem, with the project saying its AI agent economy platform is set to go live soon. ILITY Network is positioned as infrastructure for the AI agent economy, offering autonomous AI agents verifiable on-chain identities, machine-to-machine real-time payment and settlement, and a portable reputation system built on actual on-chain fulfillment records. The network’s native token, $ILY, serves as both the gas token and settlement currency within the ecosystem. The project had also received backing in a previous funding round from Animoca Brands, DuckDAO, UZ Capital, Vega Ventures and other institutions.
L1 blockchain ILITY has received a $1 million investment from Archer Capital and TBV, according to an official announcement cited by ChainCatcher. The new capital is aimed at accelerating the buildout of its Agent ecosystem.
The project said its AI agent economy ecosystem will launch soon, and that the latest funding round will be used mainly to deepen work in that segment.
ILITY Network is designed as infrastructure for the AI agent economy. It provides autonomous AI agents with verifiable on-chain identities, machine-to-machine, or M2M, real-time payment and settlement, and a reputation system that can move across services and is based on actual on-chain fulfillment records. Its native token, $ILY, functions as the ecosystem’s gas token and settlement currency.
In an earlier financing round, the project had already received support from Animoca Brands, DuckDAO, UZ Capital, Vega Ventures and other institutions.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
