Connect with us

Hi, what are you looking for?

Business

Unicity Labs Secures $3M to Advance Autonomous Agentic Marketplaces

Unicity Labs has raised $3 million to enhance its protocol for AI-driven peer-to-peer marketplaces.

Unicity Labs, a developer focused on creating the autonomous agentic internet, has announced a successful seed funding round, securing $3 million. This financing was spearheaded by Blockchange Ventures, with notable contributions from Tawasal, a prominent communications super app in the Middle East, and Outlier Ventures, a key player in early-stage Web3 investments.

This funding arrives at a critical moment as the landscape for AI agents—software entities capable of autonomously seeking services, negotiating terms, and executing transactions—rapidly evolves from theoretical constructs into viable economic entities. The market for agentic AI is projected to surpass $100 billion by 2032, highlighting the timely relevance of Unicity”s innovations.

The cornerstone of Unicity Labs” vision is the Unicity Protocol, which establishes a peer-to-peer cryptographic framework. This architecture enables autonomous AI agents to independently locate services, authenticate counterparties, and conduct transactions at unprecedented speeds without the need for intermediaries or shared ledgers.

The Unicity team, composed of experts with extensive backgrounds in cybersecurity and blockchain, previously founded Guardtime, a notable cybersecurity infrastructure company. To further its mission, Unicity Labs has launched the Unicity Foundation in Switzerland, which will oversee protocol governance, grant allocations, and the development of open-source initiatives.

As the capabilities of AI agents expand, the requirement for them to continuously discover services and finalize transactions without human oversight becomes paramount. Current infrastructures often force a choice between centralization—which undermines trust—or reliance on traditional blockchains, which can struggle under the weight of high transaction volumes.

Mike Gault, CEO of Unicity Labs, emphasized the limitations of existing systems, stating, “Satoshi”s whitepaper was titled “Peer-to-Peer Electronic Cash.” Seventeen years later, we still don”t have true peer-to-peer or electronic cash. Every transaction still routes through shared ledgers, introducing unnecessary bottlenecks.” He asserted that Unicity aims to eliminate these inefficiencies by establishing a robust infrastructure that facilitates direct peer-to-peer interactions among agents, enabling seamless transactions at the scale demanded by the emerging agentic economy.

Matt Immerso, General Partner at Blockchange Ventures, remarked on the significance of Unicity”s approach, noting, “The shared-ledger model that defined the last decade was designed before the AI-driven world we are now entering.” He highlighted that Unicity has innovatively separated transaction validation from the processing of contextual information, thus enhancing speed and scalability.

In addition to its financial backing, Tawasal”s participation as a strategic investor highlights a shift in commerce dynamics. Eric Leandri, CEO of Tawasal, pointed out, “Today, merchants spend enormous amounts acquiring customers—buying ads, competing for attention, hoping for conversions.” He argued that in an agent-driven economy, the focus will shift from marketing to direct sales to AI agents that understand user preferences and are primed for transactions.

Dimitrios Chatzianagnostou, CIO of Outlier Ventures, echoed this sentiment by stating, “The industry has spent a decade optimizing shared ledgers. Unicity asked a different question entirely: what if agents don”t need a shared ledger at all?” This shift in architectural thinking could pave the way for a new era of agent-to-agent commerce.

For further insights, readers can access the Unicity whitepaper.

Mike Gault and Matt Immerso are available for interviews to discuss this groundbreaking initiative.

About Unicity Labs
Unicity Labs is at the forefront of building the infrastructure for the autonomous agentic internet. The Unicity Protocol replaces conventional shared ledgers with peer-to-peer cryptographic objects, empowering AI agents to autonomously discover, transact, and settle. Founded by experts in blockchain and cryptography, Unicity is supported by Blockchange Ventures, Outlier Ventures, and Tawasal. The Unicity Foundation in Switzerland is responsible for overseeing protocol development and community governance.

About Blockchange Ventures
Based in New York, Blockchange Ventures invests exclusively in early-stage blockchain initiatives, having built a strong reputation for backing visionary founders in the decentralized economy.

About Tawasal
Tawasal is a UAE-based secure messaging and digital lifestyle platform that serves over five million users in the Middle East, providing a suite of services focused on data sovereignty and regional infrastructure development.

About Outlier Ventures
Founded in 2014, Outlier Ventures is recognized as a leading investor in early-stage Web3 projects, boasting a portfolio of over 370 global investments and facilitating $1 billion in seed funding.

You May Also Like

Markets

Bitcoin"s value against gold has reached a critical support level; will it bounce back?

Top Stories

BitRss provides real-time updates and curated content for the crypto community around the clock

Markets

AVAX is currently trading between $21.40 support and $23.50 resistance levels, with potential for short-term recovery.

Regulation

Finland will adopt the OECD"s Crypto-Asset Reporting Framework to enhance crypto transaction transparency by 2026.

Markets

Dogecoin"s open interest has fallen to its lowest in six months, signaling potential price volatility ahead.

Altcoins

XRP is poised to play a crucial role in a $30 trillion market for tokenized assets, reshaping finance.

Altcoins

Ripple, XRP, and the XRP Ledger are distinct entities crucial for cross-border payments.

Top Stories

A counterfeit Hyperliquid app has been identified, raising concerns over user scams.

Business

Ripple"s recent achievements spark discussions on an IPO, though the company denies any immediate plans.

Altcoins

LivLive offers a 200% bonus in its presale, making it a standout option for investors seeking affordable crypto.

Business

Despite market fears, crypto investment is robust, with AI projects attracting significant capital.

Regulation

Nvidia"s stock drops sharply after the US bans AI chip sales to China, impacting growth plans.

Copyright © 2024 COINNEWSBYTE.COM. All rights reserved. This website provides educational content, emphasizing that investing involves risks. Ensure you conduct thorough research before investing and be ready for any potential losses. For those over 18 and interested in gambling: Online gambling laws differ across countries; adhere to your local regulations. By using this site, you agree to our terms, including the presence of affiliate links that do not impact our evaluations. Cryptocurrency offers on this site are not in line with UK financial promotion regulations and are not aimed at UK consumers.