AI payment public chain Kite AI has received strategic investment to jointly promote the large-scale adoption of x402 intelligent payment systems

ChainCatcher news, AI payment public chain project Kite AI announced that it has received strategic investment from Coinbase Ventures. This financing is a continuation of Kite's recent $33 million funding round led by PayPal Ventures and General Catalyst. The new funds will be used to support the development of its autonomous AI agent payment infrastructure and to collaborate with Coinbase to accelerate the large-scale adoption of the x402 protocol.

It is reported that Kite has achieved native integration of Coinbase's x402 agent payment standard since its design inception. As one of the first Layer 1 blockchains to fully implement x402 compatible payment primitives, Kite enables AI agents to initiate, receive, and reconcile payments directly through standardized intent authorization, establishing Kite as the native execution and settlement layer for the x402 protocol and the emerging agent economy.