Gate News Bot Report, February 13 — According to CoinMarketCap data, at press time, KITE (Kite) is trading at $0.19, up 17.66% over the past 24 hours, with a high of $0.20 and a low of $0.14. The current market cap is approximately $348 million, an increase of $52.2 million from yesterday.
Kite is the first AI payment blockchain, providing infrastructure support such as identity verification, payments, governance, and validation for autonomous agents. As a Layer 1 chain designed specifically for the autonomous agent economy, it employs a Proof of AI (PoAI) mechanism and features near-zero gas fees and an average block time of 1 second. The platform offers core functionalities including identity verification, programmable governance, and agent payments, enabling AI models, agents, and digital services to maintain a unique verifiable identity while supporting autonomous system discovery, negotiation, and payment services. Additionally, Kite has built the first agent network, allowing users to discover and list agents, shop, order, and request rides without leaving their preferred applications.
Important Recent News about KITE:
1️⃣ Deepening AI Payment Sector Funding to Support Ecosystem Development
Kite, as a leading project in the AI payment space, has completed multiple funding rounds to support business expansion. Early funding success laid the financial foundation for building the agent network and improving identity verification and payment infrastructure, enabling the project to continuously optimize its Layer 1 chain performance and AI-native features, creating conditions for market expansion.
2️⃣ Blue Ocean of AI Agent Economy Opens, Application Scenarios Clarified
Kite’s positioning as a platform designed specifically for the autonomous agent economy addresses current core AI development needs. Through features like identity verification, programmable governance, and agent payments, it has established a comprehensive economic framework for AI models and autonomous systems, enabling seamless integration of agent discovery, service negotiation, and payment settlement. This complete ecological solution is gradually gaining market recognition.
3️⃣ Technological Advantages and User Experience Drive Value Recognition
Kite’s use of the Proof of AI mechanism, near-zero gas fee structure, and 1-second average block time offer significant efficiency advantages over traditional public chains. Users can complete agent service purchases and payments without leaving their preferred applications, providing a seamless user experience that helps enhance platform stickiness and market appeal.
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