Coinbase Ventures Invests in Kite AI to Boost x402 Protocol

Kite AI has secured funding to boost the x402 protocol, an intelligent payment solution that leverages AI for enhanced agent-to-agent transactions. This investment will facilitate the development of AI-powered infrastructure and integration with agent-native protocols for secure and efficient payments. Coinbase Ventures’ strategic partnership with Kite AI exemplifies the growing convergence of AI and blockchain technologies in financial infrastructure. The funding aims to accelerate adoption of intelligent payment systems, impacting diverse applications like microtransactions and programmable payments.