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Olas raised 13.8 million dollars and launched PEARL, which is an "app store" for encryption autonomous AI agents.
According to The Block, Olas has raised $13.8 million to support the launch of its decentralized app store.
The app store is designed to allow users to own and control their AI agents for a variety of use cases. Olas is a platform focused on autonomous AI agents in the crypto space, with this round of funding led by 1kx and other participants including Tioga Capital, Sigil Fund, Zee Prime Capital, Borderless, Keyrock, etc.
The Olas (also known as Autonolas) team stated that this funding will be used to support its app store, aimed at democratizing access to AI agents owned by users.
The app store will allow users to directly own and control their AI agents on the chain, applicable to multiple use cases such as autonomous social media accounts or DeFi transactions.
David Minarsch, CEO of Olas core development company, said: "By giving everyone an AI agent that not only can be used, but also fully owned and customized, we are disrupting the status quo."
Along with the financing announcement, Olas also launched the Olas Accelerator program, which provides up to $1 million in grants and OLAS token rewards for developers building agents on the platform.
Olas' technology stack includes Olas