ILITY raises $1 million from Archer Capital and TBV to build out its Agent ecosystem

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.