ChainCatcher news, according to TheBlock, Coinbase Ventures and a16z Crypto Startup Accelerator (CSX) announced a new strategic investment in Skyfire, a payment company focused on artificial intelligence. This investment increases Skyfire's total seed funding from the previous $8.5 million to $9.5 million. Currently, Skyfire is building infrastructure that allows AI agents to make autonomous payments, avoiding human intermediaries.Additionally, the Web3 asset data platform RootData shows that Skyfire is the financial stack of the AI economy, providing an instant, global, and open payment system for AI agents to conduct fully autonomous transactions between AI agents, law masters, data platforms, service providers, and other goods and services. The Skyfire payment network also unlocks the fastest-growing consumer segment globally for LLMs, data, and service providers—AI agents. Empowered by Skyfire, AI agents will be able to leverage a vast digital service ecosystem for everything from data analysis and content creation to complex problem-solving and decision-making, all without human supervision. All these transactions will be supported by the stablecoin USDC.

ChainCatcher news, according to Decrypt, the crypto payment network Skyfire has completed a $8.5 million seed round funding, with investments from Circle, Ripple, Gemini, and others.The company was founded by two former Ripple developers. Skyfire is an open-source payment system that will allow autonomous AI agents to quickly move across the internet, purchasing any goods needed to complete specified tasks—from data storage and creative assets to airline tickets and groceries. All these transactions will be supported by the stablecoin USDC.Skyfire is currently operating on the Ethereum scaling network Polygon, but the company has stated plans to expand to other blockchains soon. Skyfire is currently free to use, but it has indicated that it may soon charge transaction fees, which will range from 2% to 3%.