L1 blockchain ILITY completes $1 million institutional funding round with participation from Archer Capital and TBV

ChainCatcher reports, according to official sources, L1 blockchain ILITY has secured a 1 million US dollar investment from Archer Capital and TBV to accelerate the development of its Agent ecosystem. It is reported that ILITY's AI Agent economic ecosystem will be launched soon, and the funds from this round will mainly be used to further advance this emerging sector.

ILITY Network is an infrastructure designed for the AI Agent economy, providing autonomous AI Agents with verifiable on-chain identity, machine-to-machine (M2M) real-time payment settlement between Agents, as well as a reputation system based on actual on-chain fulfillment records that can be carried across services; its native token $ILY serves as the Gas and settlement currency of the ecosystem.

Previously, the project's last round of funding had received support from institutions such as Animoca Brands, DuckDAO, UZ Capital, and Vega Ventures.