Olas, an original AI agent platform enabling autonomous agents in crypto since 2021, announced that its core contributor has secured $13.8 million in funding led by 1kx. This funding comes as Olas unveils Pearl, the world’s first agent app store, democratizing access to user-owned AI agents.
This funding round included several investors, including Tioga Capital, Sigil Fund, Zee Prime Capital, Spaceship DAO, Metropolis DAO, very early Ventures, Borderless, ARKN Ventures, Generative Ventures, Keyrock, Perridon Ventures, and SMAPE Capital. And notable angel investors include ML Tech co-founder Leonid Mindyuk, and several others.
Showing notable traction, Olas agents currently process over 700,000 transactions monthly, growing at 30% month-over-month. And the platform has facilitated over 3.5 million transactions across nine blockchains, with 2+ million between Olas agents themselves. These agent-to-agent deals stem from diverse use cases, including DeFAI through Modius, social influencer agents through (Agents.Fun), and prediction markets via Olas Predict—the latter of which was showcased to Ethereum founder Vitalik Buterin, who predicted such agents would become ubiquitous in prediction markets.
Pearl – the first agent app store – is a simple desktop application that lets anyone own their AI agents. And like a traditional app store, users can easily choose and launch AI agents for different use cases — autonomous social media accounts or trading in DeFi. Pearl enables users to fully own their agents and control their actions on-chain, whereas other projects’ agents are hosted on web2-style platforms and not user-owned. Pearl puts the power of AI agents directly in users’ hands, which makes achieving complex goals as simple as downloading an app.
Along with the announcement of funding, Olas is launching the Olas Accelerator program, offering up to $1 million in grants, plus OLAS token rewards, to developers building high-quality agents on the platform. And individual builder teams can receive up to $100,000, plus OLAS tokens, for creating innovative agents available through Pearl. This is the latest initiative to attract high-quality developers to Olas and cement it as the home of crypto-native AI agents.
Olas’s growth comes from its innovative technology that makes AI agents both powerful and user-owned. And at its core, the Olas Stack helps developers build agents, while the Olas Protocol incentivizes their creation and co-ownership.
This recently launched Olas Staking, featuring the innovative Proof of Active Agent mechanism, rewards users when their agents perform useful tasks, encouraging more people to join the network. And through its significant activity across multiple blockchains and supporting many novel uses since 2021, Olas has established itself as the leader in autonomous agent technology in crypto.
KEY QUOTES:
“Pearl’s agent app store represents a significant step forward in democratizing access to AI agents. By giving everyone AI agents they can not only use, but fully own and customize, we’re turning the status quo on its head. At a time when advances in AI can seem increasingly daunting, Olas is uniquely giving control of AI back to the user.”
– David Minarsch, CEO of its core contributor
“AI Agents are central to our DeFi mass adoption strategy. We’re excited to be building on the leading AI agent network, with Olas Modius launching on the platform.”
– James Ross, CEO of Mode
