Recently, the top venture capital circles in Silicon Valley have caused quite a stir. A well-known investment firm just completed a massive financing round of 15 billion USD, accounting for 20% of the total venture capital investment in the US for the year. Their focus areas are very clear: AI and cryptocurrencies.

The latest 2026 AI forecast report mentions three major trends, one of which is particularly noteworthy.

A key figure in the Web3 industry recently discussed a phenomenon: the agent economy is evolving from a technical layer to an identity layer. They pointed out an interesting data point — in fields like financial services, the number of non-human identities (such as AI agents, smart contracts, etc.) has far surpassed human employees, with a ratio reaching as high as 96 to 1. But there’s a big problem: most of these "identities" currently cannot open accounts or truly bear responsibility, existing like ghosts.

This leads to a new concept: KYA (Know Your Agent). Simply put, when an agent is representing an entity to conduct transactions, it needs to have verifiable, traceable credentials that clearly assign responsibility. This is somewhat like humans needing credit scores to borrow money; agents also need cryptographic signatures to link to their principals, behavioral constraints, and other key information. Once this system matures, it could become a key to unlocking the explosive growth of the agent economy.