Olas Raises $13.8 Million for AI Agent App Store

Olas, a platform for autonomous AI agents in crypto, has raised $13.8 million in funding to support the launch of its “agent app store” named Pearl.

The funding round was led by 1kx with contributions from Tioga Capital, Sigil Fund, Zee Prime Capital, Borderless, Keyrock, and others.

The team at Olas, also called Autonolas, stated that the funding will be used to support its agent app store, aiming to democratize access to user-owned AI agents.

The app store will allow users to own and control their AI agents directly on-chain for various use cases, such as:
– Autonomous social media accounts
– Trading in DeFi

David Minarsch, CEO of Olas’ core development firm, stated, “By giving everyone AI agents they can not only use but fully own and customize, we’re turning the status quo on its head.”

Olas Accelerator Program

In conjunction with the funding announcement, Olas introduced the Olas Accelerator program, offering up to $1 million in grants and OLAS token rewards to developers building agents on the platform.

Olas’s technology stack includes the Olas Stack and the Olas Protocol, which incentivize the creation and co-ownership of AI agents.

The team claims it has facilitated over 3.5 million transactions from agents across nine blockchains. These transactions focus on use cases such as DeFAI through Modius, social influencer agents through Agents.Fun, and prediction markets via Olas Predict.