Kite Lands Whopping $18M from PayPal to Construct Blockchain for AI Agents

PayPal just dropped $18 million into Kite's lap—betting big on blockchain infrastructure for autonomous AI agents.

Why agents need their own chain

Traditional blockchains buckle under AI workloads. Kite's building a dedicated network—scalable, interoperable, and agent-first. No more clogged transactions or insane gas fees when your AI tries to trade NFTs at 3 AM.

The PayPal play

PayPal's not just throwing cash—they're planting a flag in the agent economy. Smart move? Or another corporate scramble to look relevant in crypto? Either way, $18 million buys a lot of runway.

What this means for devs

Developers get a sandbox for building agent-native dApps. Think AI traders, automated DeFi strategists, even self-negotiating smart contracts. The future's automated—and apparently, PayPal-funded.

Bottom line: $18 million might sound like pocket change in fintech—where executives blow that on coffee meetings—but in crypto, it builds foundations. Kite's either about to launch the next big thing or become a very expensive lesson in AI-blockchain hype.